Business Context and Reporting Period
This Form 8-K is filed by Lehman ABS Corporation on behalf of the Corporate Backed Trust Certificates, Goldman Sachs Capital I Securities-Backed Series 2004-6 Trust. The report covers the period ending February 16, 2010. The Registrant is a wholly-owned, indirect subsidiary of Lehman Brothers Holdings Inc. (LBHI), which filed for Chapter 11 bankruptcy protection on September 15, 2008. The investment banking business historically associated with the Registrant was sold to Barclays Capital Inc. on September 21, 2008.
Key Financial Metrics
The filing reports a distribution made to certificate holders on February 16, 2010. Specific dollar amounts for revenue, profit, cash flow, margins, debt, or liquidity are not provided in the text of this report; such details are contained in the attached Exhibit 99.1 (Trustee's Distribution Statement). The Trust's sole assets consist of junior subordinated debentures issued by The Goldman Sachs Group, Inc.
Material Changes
No other reportable transactions or material changes occurred during the current reporting period aside from the distribution event. The filing reiterates the ongoing bankruptcy status of the parent company, LBHI, and the prior sale of relevant business operations to Barclays Capital Inc.
Guidance, Outlook, and Risks
The filing contains no forward-looking guidance or management commentary regarding future performance. Significant risks and contingencies include:
- Reliance on Third-Party Data: Lehman ABS Corporation and the Trustee have not verified the accuracy or completeness of reports filed by The Goldman Sachs Group, Inc., the issuer of the underlying securities.
- Undisclosed Events: There is no assurance that events affecting the issuer of the underlying securities have not occurred or have not been publicly disclosed that could impact the accuracy of available documents.
- Bankruptcy Context: The Registrant operates within the context of the LBHI Chapter 11 proceeding.
Investor Verification Checklist
- Review Exhibit 99.1 for specific distribution amounts and payment details.
- Verify the current status of The Goldman Sachs Group, Inc. by accessing its periodic reports under Exchange Act file number 001-14965.
- Confirm that no undisclosed events have occurred affecting the junior subordinated debentures held by the Trust.
- Monitor the status of the LBHI Chapter 11 bankruptcy proceedings for potential impacts on the Trust.