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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: March 21, 2000 Commission file number 1-5805
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THE CHASE MANHATTAN CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 13-2624428
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(State or other jurisdiction (I.R.S. Employer
of incorporation) Identification No.)
270 Park Avenue, New York, NY 10017
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(Address of principal executive offices) (Zip Code)
(Registrant's telephone number, including area code) (212) 270-6000
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Item 5. Other Events
On March 21, 2000, The Chase Manhattan Corporation ("Chase") announced
that its Board of Directors approved a 17% increase in the quarterly common
stock dividend to $.48, or $1.92 on an annual basis. The increase will be
effective for the dividend payable on April 30th to stockholders of record at
the close of business April 6th.
The Board of Directors also approved a three-for-two stock split,
subject to stockholder approval at Chase's annual meeting on May 16th. If
approved by the stockholders, the record date for the stock split will be May
17, 2000, and the additional shares issued as a result of the split will be
distributed on June 9, 2000.
A copy of Chase's press release is attached as an exhibit hereto. That
press release contains statements that are forward looking within the meaning of
the Private Securities Litigation Act of 1995. Those statements are subject to
risks and uncertainties and Chase's actual results may differ materially from
those set forth in the forward-looking statements. Those uncertainties may
include, among others, the risk of adverse impacts from an economic downturn,
increased competition, unfavorable political or other developments in foreign
markets, governmental or regulatory policies, market volatility in securities
markets, interest or foreign exchange rates and other factors impacting Chase's
operational plans or the adequacy of Chase's allowance for credit losses. For a
more detailed discussion of those uncertainties, reference is made to Chase's
reports filed with Securities and Exchange Commission, in particular Chase's
Annual Report on Form 10-K for the year ended December 31, 1999, for a
discussion of factors that may cause such differences to occur.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
The following exhibits are filed with this report:
Exhibit Number Description
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99.1 Press Release
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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.
THE CHASE MANHATTAN CORPORATION
(Registrant)
By: /s/ Anthony J. Horan
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Anthony J. Horan
Corporate Secretary
Dated: March 22, 2000
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NEWS RELEASE THE CHASE MANHATTAN CORPORATION
270 Park Avenue
New York, NY 10017-2070
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Investor Contact: John Borden 212-270-7318 Press Contact: Jon Diat 212-270-5089
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CHASE MANHATTAN RAISES DIVIDEND 17% AND ANNOUNCES THREE-FOR-TWO STOCK SPLIT
New York, March 21, 2000 - The Chase Manhattan Corporation (NYSE:CMB) announced
that its Board of Directors today approved a 17% increase in the quarterly
common stock dividend to $.48, or $1.92 on an annual basis. The increase will be
effective for the dividend payable on April 30th to stockholders of record at
the close of business April 6th.
The Board of Directors also approved a three-for-two stock split, subject to
shareholder approval at the corporation's annual meeting on May 16th. The
actions reflect the Board's confidence in Chase's prospects. If approved by the
shareholders, the record date for the split will be May 17, 2000 and the
additional shares issued as a result of the split will be distributed on June 9,
2000.
The Chase Manhattan Corporation (www.chase.com) is a premier global financial
services firm with assets in excess of $400 billion. Chase combines the best of
commercial and investment banking, offers world-class information and
transaction processing services, and has a leading U.S. consumer franchise that
serves 32 million customers. Through its newly formed business unit chase.com,
Chase is successfully creating innovative business models for the New Economy.
Chase, with offices in more than 45 countries, has a presence in all of the
principal financial centers around the world.
