SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-C
REPORT BY ISSUER OF SECURITIES QUOTED ON NASDAQ
INTERDEALER QUOTATION SYSTEM
FILED PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934 AND RULE 13a-17
OR 15d-17 THEREUNDER
U.S. (UNITED SERVICES) GLOBAL INVESTORS, INC.
(Exact name of issuer as specified in charter)
7900 CALLAGHAN ROAD
SAN ANTONIO, TEXAS 78229
(Address of principal executive offices)
(210) 308-1234
(Issuer's telephone number, including area code)
I. CHANGE IN NUMBER OF SHARES OUTSTANDING
Not Applicable, but see Exhibit 1 attached
II. CHANGE IN NAME OF ISSUER
1. Name prior to change: UNITED SERVICES ADVISORS, INC.
2. Name after change: U.S. (UNITED SERVICES) GLOBAL INVESTORS, INC.
3. Effective date of charter amendment changing name: JUNE 4, 1996
4. Date of shareholder approval of change, if required: MAY 9, 1996
Date: June 11, 1996
/s/ SUSAN B. MCGEE
-----------------------------------------
Susan B. McGee
Vice President, Corporate Secretary
(Officer's Signature & Title)
<PAGE>
EXHIBIT 1
U.S. (United Services) Global Investors, Inc. (the "Company") has
reclassified its existing Class A Common Stock as Class C Common Stock and
reclassified its existing Preferred Stock as Class A Common Stock with no change
in existing rights, privileges, or preferences in either class of stock.
The Company reclassified its stock in order to better reflect the
expectations of investors. The Company has, on a regular basis, been contacted
by brokers, investors, and shareholders who have asked, amongst other things,
for the stated rate of dividends on the Company's Preferred Stock, whether the
dividends cumulate, and whether the Preferred Stock is convertible. While the
Preferred shares do carry a 5% preference as to dividend and liquidation
distributions, they do not have the features many investors associate with
preferred stock -- namely, regular dividends at a stated rate, which may or may
not be cumulative. To avoid any confusion or misunderstanding, the Corporation
has reclassified its "Preferred Stock."
Shareholders approved the reclassification on May 9, 1996, and the
reclassification became effective June 4, 1996 when the Company's Second
Restated and Amended Articles of Incorporation were accepted and filed by the
Office of the Secretary of State in the state of Texas.
