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): April 20, 2004 -------------- OCWEN FINANCIAL CORPORATION ------------------------------------------------------ (Exact name of registrant as specified in its charter) Florida 1-13219 65-0039856 ---------------------------- ----------- ---------------- (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) The Forum, Suite 1000 1675 Palm Beach Lakes Boulevard, West Palm Beach, Florida 33401 --------------------------------------------------------------- (Address of principal executive office)(Zip Code) Registrant's telephone number, including area code: (561) 682-8000 -------------- N/A ------------------------------------------------------------- (Former name or former address, if changed since last report) Item 5. Other Events The news release of the Registrant dated April 20, 2004, announcing the entry by Ocwen Federal Bank FSB into a supervisory agreement on best practices with the Office of Thrift Supervision is attached hereto and filed herewith as Exhibit 99.1. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits (a) Not applicable. (b) Not applicable. (c) Exhibits 99.1 Text of press release dated April 20, 2004. 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized. OCWEN FINANCIAL CORPORATION --------------------------- (Registrant) By: /s/ WILLIAM C. ERBEY ---------------------------------- William C. Erbey Chief Executive Officer Date: April 20, 2004 3 EXHIBIT INDEX Exhibit No. Description Page ----------- ----------- ---- 99.1 News release of Ocwen Financial Corporation, 5 dated April 20, 2004, announcing entry into supervisory agreement on best practices 4