UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

 

 

Date of report (Date of earliest event reported):  January 11, 2007

 

 

Financial Security Assurance Holdings Ltd.

(Exact name of registrant as specified in its charter)

 

 

New York

1-12644

13-3261323

(State or other jurisdiction

of incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

 

                                                                                   

                                                                                   

31 West 52nd Street, New York, NY

10019

(Address of principal executive offices)

(Zip Code)

 

 

                                               

Registrant's telephone number, including area code:  (212) 826-0100

 

Not applicable.

(Former name or former address, if changed since last report.)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

□    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

□    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 420.14a-12)

□    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

□    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

Item 5.02.       Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

 

(b)        On January 11, 2007, Financial Security Assurance Holdings Ltd. (the "Company") received a letter dated December 22, 2006, from Dirk Bruneel informing the Company of his resignation from the Board of Directors of the Company, effective immediately.  Mr. Bruneel had been a Director of the Company since November 2001.  Mr. Bruneel is a senior officer of Dexia S.A., the Company's parent.  The Company has been advised that Mr. Bruneel resigned from the Company's Board of Directors in connection with a reassignment of his responsibilities by Dexia S.A.

 

                                               

 

 

SIGNATURE

 

 

 

 

            Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

 

 

                                                            FINANCIAL SECURITY ASSURANCE

                                                            HOLDINGS LTD.

 

 

 

 

Date:  January 12, 2007

By:

/s/ Bruce E. Stern

Name:  Bruce E. Stern

Title:    General Counsel and Managing Director