SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
Date of Report: February 10, 2000
LEXINGTON GLOBAL ASSET MANAGERS, INC.
State or other jurisdiction of (I.R.S. Employer
incorporation or organization Identification No.)
DELAWARE 22-3395036
LEXINGTON GLOBAL ASSET MANAGERS, INC.
PARK 80 WEST PLAZA TWO
SADDLE BROOK, NJ 07663
(201)845-7300
Item 5. Other Events
On February 10, 2000, the registrant announced that the Company has been
evaluating strategic alternatives to enhance stockholder value and has received
several proposals in that regard. The Company has authorized its investment
bankers, Putnam, Lovell, de Guardiola & Thornton, Inc. to enter into
negotiations which could lead to a definitive merger agreement.
Exhibit No. 20 Other Documents or Statements to Security Holders.
For Immediate Release
Lexington In Negotiations for Merger
SADDLE BROOK, N.J., February 10, 2000/PRNewswire/(Nasdaq:
LGAM)-Lexington Global Asset Managers, Inc. announced today that the Company has
been evaluating strategic alternatives to enhance stockholder value and has
received several proposals in that regard. The Company has authorized its
investment bankers, Putnam, Lovell, de Guardiola & Thornton, Inc. to enter into
negotiations which could lead to a definitive merger agreement. Consummation of
a transaction is subject to a number of additional conditions, including
approval of a definitive merger agreement by Lexington's Board of Directors and
Stockholders and by the directors and shareholders of the Investment Companies
and other customary approvals.
Some of the information presented in this press release, including, but not
limited to the Company's expectations regarding negotiation of a definitive
merger agreement and consummation of a transaction, constitute forward-looking
statements within the meaning of the Private Securities Litigation Reform Act of
1995. Although the Company believes that its expectations are based on
reasonable assumptions within the bounds of its knowledge, there can be no
assurance that actual results will not differ materially from the Company's
expectations. Factors that may cause the Company's actual results to differ
materially from expectations include failure to reach agreement on material
terms, failure to receive required corporate, regulatory and contractual
approvals or consents and other factors discussed in the Company's Securities
and Exchange Commission filings.
By: /s/ Richard M. Hisey
Richard M. Hisey
EXECUTIVE VICE PRESIDENT, CHIEF FINANCIAL OFFICER AND TREASURER
Date: 2/10/00
