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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
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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): September 15, 1998
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McDONALD & COMPANY INVESTMENTS, INC.
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(Exact Name of Registrant as Specified in Charter)
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Delaware 1-08526 34-1391950
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(State of Other Jurisdiction) (Commission (I.R.S. Employer
of Incorporation) File Number) Identification Number)
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McDonald Investment Center, 800 Superior Avenue Cleveland, Ohio 44114-2603
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (216) 443-2300
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Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS.
On September 15, 1998, McDonald & Company Investments, Inc. (the
"Company") issued a News Release stating that its stockholders approved by a
substantial margin the proposed merger of the Company into KeyCorp.
A copy of the News Release is filed as Exhibit 99.1.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits.
99.1 News Release dated September 15, 1998.
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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.
McDONALD & COMPANY INVESTMENTS, INC.
By: /s/ Thomas F. McKee
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Thomas F. McKee
Secretary
Date: September 16, 1998
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EXHIBIT INDEX
Exhibit Number Description
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99.1 News Release dated September 15, 1998, from the Company.
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[MCDONALD & COMPANY SECURITIES, INC. LETTERHEAD]
FOR IMMEDIATE RELEASE
CONTACT: RICHARD CLARK (216) 443-2614
MCDONALD & COMPANY SHAREHOLDERS
APPROVE MERGER WITH KEYCORP
CLEVELAND, September 15,1998 -- In a special meeting, shareholders of McDonald &
Company Investments, Inc. (NYSE:MDD) today approved by a substantial margin the
proposed merger of McDonald & Company into KeyCorp (NYSE:KEY).
More than 82% of McDonald & Company outstanding shares voted with nearly 99% of
those shares voting in favor of the agreement. The transaction is expected to
close in the fourth quarter of 1998, subject to regulatory approval and other
conditions.
The merger was announced by KeyCorp and McDonald on June 15. The McDonald &
Company acquisition creates a powerful business for KeyCorp, which will be
focused on providing capital markets, investment banking and asset management
expertise to business and private clients on a national basis. This business
group will be launched with a revenue base of nearly $1 billion.
McDonald & Company operates a investment advisory, investment banking and
brokerage business and offers trust services through a wholly-owned subsidiary.
KeyCorp is one of the nation's largest financial services companies, with assets
of approximately $76 billion. Through four principal lines of business --
corporate capital, consumer finance, community banking and capital partners --
the Cleveland-based company provides retail and wholesale banking, investment,
financing and money management services to individuals and companies across the
U.S. KeyCorp companies have a presence in 46 states from Maine to Alaska,
including its network of KeyCenters, 2,600 ATMS, affiliate offices and four
telebanking centers (1-800-KEY2YOU) that provide financial products and services
24 hours a day, every day of the year. KeyCorp's Web site can be found at
http://www.Key.com.
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