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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
March 18, 1996
(Date of Report (Date of Earliest Event Reported))
FIRST OF MICHIGAN CAPITAL CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
1-7467
(Commission File Number)
13-2780197
(I.R.S. Employer Identification No.)
100 Renaissance Center
26th Floor
Detroit, Michigan 49243
(Address of Principal Executive Offices, Including Zip Code)
(313) 259-2600
(Registrant's Telephone Number, Including Area Code)
[not applicable]
(Former Name or Former Address, If Changed Since Last Report)
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Item 5. Other Events.
On March 18, 1996, the registrant issued the following press release:
FOR IMMEDIATE RELEASE March 18, 1996
First of Michigan names new CEO
Move reinforces board's commitment to
client service and Michigan
DETROIT, Mich. -- The Board of Directors for First of Michigan
Capital Corporation (CHX-FMG) has appointed Kenneth C. Eich as First of
Michigan's President and Chief Executive Officer. The announcement was
made today by William H. Cuddy, company board chairman.
Eich is a former Executive Vice President and Chief Financial
Officer of Oppenheimer Management Corporation, Denver, Colo., a leading
sales force distributor and advisor of mutual funds with more than $47
billion in assets under management.
"We are very pleased to have Ken Eich as our new President,"
Cuddy said. "His business experience and leadership skills will be
instrumental in attaining our goals and ensuring the needs of our
customers, sales force, employees and shareholders are fulfilled."
Steve Gasper, who had been First of Michigan's president and CEO
since 1994, resigned today to pursue other business opportunities.
"First of Michigan's immediate goals are simple: be the dominant
broker dealer in Michigan, and improve our financial results," Cuddy said.
First of Michigan was founded more than 60 years ago and is based
in Detroit, Mich. The full-service securities firm has 32 offices
throughout Michigan. It provides investment services to retail and
institutional customers.
"I am extremely excited to join First of Michigan," Eich said.
"I look forward to helping build a stronger presence and track record for
the company, and to encourage clients to use First of Michigan beyond any
alternative."
First of Michigan Capital Corporation's principal subsidiary is
First of Michigan Corporation. It is a member of the New York Stock
Exchange and is traded on the Chicago Stock Exchange.
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SIGNATURES
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.
FIRST OF MICHIGAN CAPITAL CORPORATION
By: /s/ Lenore P. Denys
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Date: March 20, 1996 Lenore P. Denys
Senior Vice President
and Secretary
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