Item 1. Business --------
Omitted.
Item 2.
Item 2. Properties ----------
The property of Banc One Auto Grantor Trust 1996-A (the "Trust") consists of certain motor vehicle retail installment sale contracts secured by new or used automobiles, vans or light duty trucks. Information regarding the property of the Trust and the activities of Bank One, Texas, N.A., as servicer ( the "Servicer") during the year ended December 31, 1997 is contained in (i) the Annual Servicer's Certificate filed as Exhibit 99.1 hereto and (ii) the Annual Statement prepared by the Servicer and filed as Exhibit 99.2 hereto.
Item 3.
Item 3. Legal Proceedings -----------------
Nothing to report.
Item 4.
Item 4. Submission of Matters to a Vote of Security Holders ---------------------------------------------------
No matters were submitted to a vote of security holders during 1997.
PART II
Item 5.
Item 5. Market for Registrant's Common Equity and Related Stockholder Matters -------------------------------------------------------------
Investor Certificates (the "Certificates"), are held and delivered in book-entry form through the facilities of the Depository Trust Company ("DTC"), a clearing agency registered pursuant to the provisions of Section 17A of the Securities Exchange Act of 1934, as amended. The Certificates are held by Cede & Co, the nominee of DTC.
The records of DTC indicate that, at December 31, 1997, there were: (i) thirty-two (32) DTC Participants holding a position in the 6.10% Class A Asset Backed Certificates, Series 1996-A; and (ii) one (1) DTC Participant holding a position in the 6.25% Class B Asset Backed Certificates, Series 1996-A. There is no established public market in which the Certificates are traded.
Item 6.
Item 6. Selected Financial Data -----------------------
Omitted.
Item 7.
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations -----------------------------------------------------------
Omitted.
Item 8.
Item 8. Financial Statements and Supplementary Data -------------------------------------------
Omitted.
Item 9.
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure -----------------------------------------------------------
None.
PART III
Item 10.
Item 10. Directors and Executive Officers of the Registrant. ---------------------------------------------------
Omitted.
Item 11.
Item 11. Executive Compensation ----------------------
Omitted.
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management --------------------------------------------------------------
At December 31, 1997, the Certificates were registered in the name of Cede & Co., as nominee of DTC. The records of DTC indicate that, at December 31, 1997, there were six (6) DTC Participants holding positions in excess of five (5) percent of any class of outstanding Certificates. Such persons are described in the table below:
Item 13.
Item 13. Certain Relationships and Related Transactions ----------------------------------------------
None.
PART IV
Item 14.
Item 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K ---------------------------------------------------------------
(b) Reports on Form 8-K. -------------------
(i) Reports on Form 8-K pursuant to Item 5 thereof, containing the monthly statements and other information reflecting the Trust's activities:
Dated: For the monthly periods ended: ------ -----------------------------
February 18, 1997 January 31, 1997 March 17, 1997 February 28, 1997 April 15, 1997 March 31, 1997 May 15, 1997 April 30, 1997 June 16, 1997 May 31, 1997 July 15, 1997 June 30, 1997 August 15, 1997 July 31, 1997 September 15, 1997 August 31, 1997 October 15, 1997 September 30, 1997 November 17, 1997 October 31, 1997 December 16, 1997 November 30, 1997 January 15, 1998 December 31, 1997
(c) Exhibits. The following documents are filed as part of this -------- Annual Report on Form 10-K.
99.1 Annual Servicer's Certificate
99.2 Annual Statement
99.3 Independent Accountants' Report of Coopers & Lybrand L.L.P. on Management's Assertions
SIGNATURE
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: March 24, 1998
Banc One Auto Grantor Trust 1996-A
By: Bank One, Texas, N.A., as Servicer, on behalf of the Trust
By: /s/ Jeff Stewart --------------------------- Name: Jeff Stewart Title: Vice President
SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO SECTION 15(d) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED SECURITIES PURSUANT TO SECTION 12 OF THE ACT.
No annual report, proxy statement, form of proxy or other proxy soliciting material has been sent to Certificateholders during the period covered by this Annual Report on Form 10-K and the Registrant does not intend to furnish such materials to Certificateholders subsequent to the filing of this report.
INDEX OF EXHIBITS
Exhibit Description Page - ------- ----------- ---- 99.1 Annual Servicer's Certificate 9
99.2 Annual Statement 10
99.3 Independent Accountants' Report of 11 -12 Coopers & Lybrand L.L.P. on Management's Assertions