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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 (Date of earliest event reported) May 19, 2000
DONALDSON, LUFKIN & JENRETTE, INC.
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(Exact name of registrant as specified in its charter)
Delaware
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(State or other jurisdiction of incorporation or organization)
1-6862 13-1898818
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(Commission File Number) (I.R.S. Employer
(Identification No.)
277 Park Avenue, New York, New York 10172
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(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code: (212) 892-3000
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ITEM 5. OTHER EVENTS
A press release dated May 19, 2000, issued by Donaldson, Lufkin &
Jenrette, Inc., is filed herewith as an exhibit. The press release concerns the
approval by the Board of Directors of a stock repurchase program for up to 10
million shares of the Company's DLJ common stock.
(c) EXHIBIT
Exhibit 99.2 Press release dated May 19, 2000
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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.
Donaldson, Lufkin & Jenrette, Inc.
/s/ MARJORIE WHITE
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Marjorie White
SECRETARY
May 23, 2000
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Exhibit 99.2
FOR IMMEDIATE RELEASE
Media Contact Investor Contact
Leslie Thompson Kevin Zuccala
212-892-3555 212-892-4693
DLJ DECLARES REGULAR QUARTERLY COMMON DIVIDEND
AUTHORIZES SHARE REPURCHASE PROGRAM
NEW YORK, MAY 19, 2000 -- At its scheduled meeting, the Board of
Directors of Donaldson, Lufkin & Jenrette, Inc. (NYSE: DLJ) declared a regular
quarterly dividend of $0.0625 cents per share on the Company's DLJ common stock,
which trades on the New York Stock Exchange under the symbol "DLJ." The dividend
is payable on July 28, 2000 to the shareholders of record as of the close of
business on July 14, 2000.
Also approved at the same meeting was a stock repurchase program for up
to 10 million shares of the Company's DLJ common stock. The timing and amount of
repurchases under this program will be at the discretion of the Company's
management, and may be open market or private purchases. Currently, DLJ has
approximately 138,000,000 shares and diluted share equivalents outstanding.
Repurchased shares will be used to support employee incentive compensation
programs and for other corporate purposes.
Donaldson, Lufkin & Jenrette is a leading integrated investment and
merchant bank serving institutional, corporate, government and individual
clients. DLJ's businesses include securities underwriting; sales and trading;
investment and merchant banking; financial advisory services; investment
research; venture capital; correspondent brokerage services; online, interactive
brokerage services; and asset management. Founded in 1959 and headquartered in
New York City, DLJ employs approximately 10,600 people worldwide and maintains
offices in 13 cities in the United States and 16 cities in Europe, Latin America
and Asia. The Company has two classes of common stock trading on the New York
Stock Exchange. Shares trading under the ticker symbol "DLJ" represent
Donaldson, Lufkin & Jenrette, Inc. Shares trading under the ticker symbol "DIR"
track the performance of DLJdirect, its online brokerage business. For more
information on Donaldson, Lufkin & Jenrette, refer to the Company's World Wide
Web site at www.dlj.com.
The Firm's world headquarters are located at 277 Park Avenue, New York,
NY 10172; telephone number (212) 892-3000.
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