<PAGE> 1
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) July 6, 1998
---------------------
Salomon Smith Barney Holdings Inc.
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 1-4346 22-1660266
-------- ----------- -------------
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
388 Greenwich Street, New York, NY 10013
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
(212) 816-6000
- --------------------------------------------------------------------------------
(Registrant's telephone number, including area code)
<PAGE> 2
SALOMON SMITH BARNEY HOLDINGS INC.
CURRENT REPORT ON FORM 8-K
ITEM 5. OTHER EVENTS.
Salomon Smith Barney Holdings Inc. has decided to restructure and
significantly decrease the risk profile of the U.S. fixed income arbitrage group
and integrate its people into other units of Salomon Smith Barney. Global
arbitrage results for the second quarter of 1998 will show a small loss, a swing
of about $100 million over the last quarter, in large part driven by the reduced
performance of the U.S. arbitrage unit.
2
<PAGE> 3
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.
Dated: July 16, 1998 SALOMON SMITH BARNEY HOLDINGS INC.
By: /s/Mark I. Kleinman
---------------------------
Mark I. Kleinman
Deputy Treasurer
3
