SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
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Date of Report: December 15, 1997
(Date of earliest event reported)
RODMAN & RENSHAW CAPITAL GROUP, INC.
(Exact name of registrant as specified in its charter)
Delaware 1-9143 33-3111956
(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
Chairman Incorporation) Identification Number)
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233 S. Wacker Drive, Suite 4500
Chicago, Illinois 60606
(Address of Principal Executive Office)
Registrant's telephone number, including area code: (312) 526-2000
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ITEM 5. OTHER EVENTS
As of December 15, 1997, the following individuals have become
directors of Rodman & Renshaw Capital Group, Inc. (the "Company"):
Age, Business Experience and
Name Other Directorships
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Gustavo Vergara Age 45. Since August 27, 1997, Management
Interventor for Abaco Grupo Financiero, S.A. de C.V.
("Abaco Financial Group") and its subsidiaries. Mr.
Vergara has been employed by the Mexican Comision
Nacional Bancaria y de Valores (the "CNBV") since
1994, during which time he has served as Management
Interventor for several institutions. Prior thereto, Mr.
Vergara was Director of Finance, Banco Bilbao
Viscaya / Probursa, from 1992 to June 1994.
Miguel Cano Age 38. Since October 31, 1997, employed by Abaco
Casa de Bolsa, S.A. de C.V., Abaco Grupo Financiero
as the Representative of the Management Interventor.
President and Chief Executive Officer of Bursamex
Holdings and Bursamex Inc., its wholly-owned US
broker-dealer subsidiary, from June 1996 to July 1997.
General Director of International Affairs, CNBV, from
April 1995 to April 1996. General Director of Market
Development, Mexican Securities Commission, from
1992 to April 1995.
Luke J. Haran Age 54. Independent Financial Consultant, since 1997.
Managing Director, Citicorp Securities, New York,
New York, from 1994 to 1997. Unit Head of Serfin
Securities, New York, New York and London,
England from 1990 to 1994.
Benjamin Lopez Age 33. Assistant to the Management Interventor for
Abaco Financial Group since August 1997. General
Director, Banco Promotor del Norte, S.A., from June
1994 to August 1997. Director of Capital Markets,
Valores Bursatiles de Mexico, S.A., from 1992 to June
1994.
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Deborah
Hicks Midanek Age 43. Principal, Jay Alix & Associates, a
consulting firm specializing in providing
restructuring advice and management services to
troubled companies in various industries, since 1997.
Chief Executive Officer of Solon Asset Management,
an investment advisory firm, since 1990. Chairman
and Chief Executive Officer of The Solon
Funds, an investment company, since 1990.
Trustee of the Committee for Economic Development,
since 1995. Director, Standard Brands Paint Company,
since 1993.
Jose C. Villarreal Age 36. Treasurer, Banco Confia, Abaco Grupo
Financiero, Abaco Financial Group's commercial bank
subsidiary, since January, 1993. Prior thereto, Mr.
Villarreal was an advisor to Banco Confia on various
projects beginning in 1992.
As of December 15, 1997, Ernesto Arechavala, Alexander C. Anderson and
Jorge Lankenau Rocha have been removed from their positions as directors of
the Company.
The appointment of new directors and the removal of Mr. Arechavala,
Mr. Anderson and Mr. Lankenau from the Board of Directors have been
effected pursuant to an action by written consent in lieu of a meeting
(the "Consent") executed by Abaco Casa de Bolsa, S.A. de C.V., Abaco
Grupo Financiero, which holds approximately 70% of the outstanding common
stock of the Company. Further information concerning the Consent can be
found in the Company's information statement dated November 24, 1997,
which has been distributed to shareholders and filed with the Securities
and Exchange Commission.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of
1934, the registrant has duly caused this report or amendment to be
signed on its behalf by the undersigned, thereunto duly authorized.
Dated: December 16, 1997
Rodman & Renshaw Capital Group, Inc.
By: /s/ Gilbert R. Ott, Jr.
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Name: Gilbert R. Ott, Jr.
Title:Secretary
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