<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 EARLIEST EVENT REPORTED
NOVEMBER 18, 1999
DAIN RAUSCHER CORPORATION
(Exact name of registrant as specified in its charter)
DELAWARE 1-8186 41-1228350
(State or other jurisdiction of (Commission file number) (IRS Employer
incorporation of organization) Identification Number)
DAIN RAUSCHER PLAZA, 60 SOUTH SIXTH STREET
MINNEAPOLIS, MINNESOTA 55402-4422
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (612) 371-2711
NOT APPLICABLE
(Former name or former address, if changed since last report)
- --------------------------------------------------------------------------------
<PAGE> 2
ITEM 5. OTHER EVENTS
Reference is made to Exhibit 99 filed herewith.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Exhibit 99 Press release announcing promotion of David J. Parrin
to Registrant's Chief Financial Officer.
1
<PAGE> 3
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.
DAIN RAUSCHER CORPORATION
Registrant
Date: November 18, 1999 By: David J. Parrin
---------------------- --------------------------------------
David J. Parrin
Senior Vice President and Controller
2
<PAGE> 4
DAIN RAUSCHER CORPORATION
INDEX OF EXHIBITS
<TABLE>
<CAPTION>
Exhibit No.
- -----------
<S> <C>
99 Press release announcing registrant's settlement of litigation.
</TABLE>
3
<PAGE> 1
EXHIBIT 99
PARRIN PROMOTED TO C.F.O. OF DAIN RAUSCHER, SUCCEEDING APPEL
MINNEAPOLIS (Nov. 18, 1999) - Dain Rauscher Corporation (NYSE: DRC), a
full-service brokerage and investment banking firm, has promoted DAVID J. PARRIN
to executive vice president and chief financial officer, effective on Jan. 1,
2000. Formerly senior vice president and controller, Parrin is to succeed JOHN
C. APPEL, vice chairman, who becomes president of the company's fixed income
capital markets group on Jan. 1, as previously announced.
As CFO, Parrin will be responsible for treasury, accounting,
regulatory/credit, audit, corporate services and other finance and
administrative functions. The company will conduct a search for a controller to
succeed Parrin.
"Dave is a strong leader, decision maker and developer of other people,"
said Appel. "His strong financial background and general business knowledge have
been invaluable these past 18 months as we have reshaped our business for the
future."
Parrin, 44, joined Dain Rauscher in 1998 from U.S. Bancorp, where he had
served for four years as controller, responsible for its financial accounting,
tax and financial reporting functions. Before that he was an audit partner at
Ernst & Young, having worked with the firm's financial services industry team
for 17 years. A certified public accountant, Parrin has a bachelor's degree in
accountancy from the University of Illinois at Urbana-Champaign. He is a member
of the Minnesota Society of CPAs and the American Institute of CPAs. In the
community, Parrin serves on the executive committee of the Children's Theatre
Company board of governors.
Dain Rauscher Corporation, one of the nation's largest full-service
securities firms, has 1,200 investment executives and 3,700 employees. The
company's broker-dealer, Dain Rauscher Incorporated, is now celebrating its 90th
year. It serves individual investors and small business owners predominantly in
the
<PAGE> 2
western half of the United States, and capital markets and correspondent clients
in select markets throughout the nation. Dain Rauscher Incorporated is a member
of the New York Stock Exchange and other major securities exchanges, as well as
the Securities Investor Protection Corp. The company's common stock trades on
the NYSE under the symbol DRC. Its headquarters are at Dain Rauscher Plaza, 60
S. Sixth St., Minneapolis, MN 55402-4422.
###
CONTACT: Jennifer Driscoll, (612) 373-1647, or [email protected]
For biographies of the company's top executives and board of directors or for a
copy of the news release about John Appel's new role in fixed income, visit
www.dainrauscher.com/ir.
# # #
CONTACT: Jennifer Driscoll, (612) 373-1647, or [email protected]
