SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
____________________
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES ACT OF 1934
Date of Report (Date of earliest event reported): August 17, 2000
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FECHTOR, DETWILER, MITCHELL & CO.
(Exact name of registrant as specified in charter)
DELAWARE 0-12926 95-2627415
(State of other jurisdiction (Commission File (I.R.S. Employer
incorporation or organization) Number) Identification No.)
225 FRANKLIN STREET, 20TH FLOOR, BOSTON, MASSACHUSETTS 02110
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: 617-451-0100
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ITEM 5. OTHER EVENTS
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On August 17, 2000, the Registrant announced the purchase of
1,012,000 shares of common stock in the Company at the price
of $1.00 per share from Richard Fechtor, former CEO and
director who announced his retirement in May 2000. This purchase
completes the retirement of Mr. Fechtor's entire equity
interest in the Company.
A copy of the press release concerning this announcement is
attached as Exhibit 28.1 to this Report and is hereby
incorporated by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
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(c) Exhibits.
28.1 The following exhibit is filed herewith:
Press Release dated August 17, 2000 announcing
purchase and retirement of the remaining equity
interest in Registrant of Richard Fechtor.
SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act
of 1934, the Registrant has duly caused this Report to be signed
on its behalf by the undersigned hereunto duly authorized.
FECHTOR, DETWILER, MITCHELL & CO.
Dated: August 25, 2000 By: /s/ ROBERT E. JEFFORDS
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Robert E. Jeffords
Assistant Secretary
2
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EXHIBIT 28.1
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NEWS RELEASE FEDM
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Contacts: James K. Mitchell Stephen D. Martino
Chairman and CEO Chief Financial Officer
(858) 450-0055 (617) 747-0154
Fechtor, Detwiler, Mitchell & Co. Announces Purchase of Richard
Fechtor's Remaining Shares
BOSTON, MA (August 17, 2000) Fechtor, Detwiler, Mitchell & Co. (NASDAQ: FEDM)
today announced the purchase of 1,012,000 shares of common stock in the Company
at the price of $1.00 per share from Richard Fechtor, former CEO and director
who announced his retirement in May. This purchase completes the retirement
of Mr. Fechtor's entire equity interest in the Company.
Commenting on the transaction, James Mitchell, Chairman and CEO said, The
Company's cash position has allowed us to purchase and retire this substantial
block of shares which we believe is in the best long-term interest of our
stockholders. The outstanding shares are now reduced to 10,376,251.
[FEDM LOGO]
225 Franklin Street, 20th Floor
Boston, MA 02110
(617) 451-0100
