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 Report (Date of earliest event reported) April 18, 1996
THE BEAR STEARNS COMPANIES INC.
Exact name of registrant as specified in its charter
DELAWARE File No. 1-8989 13-3286161
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification
incorporation) Number)
245 Park Avenue, New York, New York 10167
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (212) 272-2000
Not Applicable
(former name or former address, if changed since last report)
Item 5. Other Events.
Filed herewith is a copy of The Bear Stearns Companies Inc. (the
"Company") Press Release, dated April 18, 1996, announcing its declaration of
quarterly cash dividends and a 5% stock dividend.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Financial Statements of business acquired:
Not applicable.
(b) Pro Forma financial information:
Not applicable.
(c) Exhibit:
(99) Press Release, dated April 18, 1996.
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 thereunto duly authorized.
THE BEAR STEARNS COMPANIES INC.
By: /s/ Michael J. Abatemarco
Michael J. Abatemarco
Controller
Dated: April 18, 1996
THE BEAR STEARNS COMPANIES INC.
FORM 8-K
CURRENT REPORT
Exhibit Index
Exhibit No. Description Page
(99) Press Release, dated April 18, 1996
For Immediate Release
Contact: Hannah Burns (212)272-2395
Maura Gaenzle (212)272-4445
Anne Graber (212)272-8188
THE BEAR STEARNS COMPANIES INC.
DECLARES 5% STOCK DIVIDEND;
DECLARES CASH DIVIDENDS
New York, New York -- April 18, 1996 -- The Bear Stearns Companies Inc.
(NYSE:BSC) today announced quarterly cash dividends on its outstanding shares of
common stock, on the outstanding shares of its adjustable rate cumulative
preferred stock, on the outstanding shares of its 7.88% cumulative preferred
stock and on the outstanding shares of its 7.60% cumulative preferred stock.
The company also announced a 5% stock dividend on its outstanding shares of
common stock.
5% STOCK DIVIDEND DECLARED
The Board of Directors declared a 5% stock dividend on the outstanding
shares of common stock to be distributed May 31, 1996 to shareholders of record
on May 17, 1996. The quarterly cash dividend declared today will be paid in
respect of shares of common stock outstanding on May 17, 1996, and consequently
will not be paid on the newly issued shares. Giving effect to the 5% stock
dividend, earnings per share for the third quarter of fiscal 1996 were 90 cents
versus 58 cents for the same quarter last year; earnings per share for the first
nine months were $2.26 versus $1.00 for the comparable period a year ago.
QUARTERLY CASH DIVIDENDS DECLARED
The Board of Directors declared a regular quarterly cash dividend of 15
cents per share on the outstanding shares of common stock, payable May 31, 1996
to shareholders of record on May 17, 1996. The board also declared a quarterly
cash dividend of 68 3/4 cents per share on the outstanding shares of adjustable
rate cumulative preferred stock, payable July 15, 1996 to shareholders of record
on June 28, 1996. In addition, the board declared a quarterly cash dividend of
$3.94 per share on the outstanding shares of $7.88% cumulative preferred stock,
which is equivalent to 49 1/4 cents per related depositary share, and a
quarterly cash dividend of $3.80 per share on the outstanding shares of 7.60%
cumulative preferred stock, which is equivalent to 47 1/2 cents per related
depositary share, both payable July 15, 1996 to shareholders of record on
June 28, 1996.
The Bear Stearns Companies Inc. is the parent company of Bear, Stearns & Co.
Inc., a leading investment banking and securities trading firm serving
governments, corporations, institutions and individuals worldwide. The company's
business includes corporate finance and mergers and acquisitions, institutional
equities and fixed income sales and trading, private client services, foreign
exchange and futures sales and trading, asset management and custody services.
Through Bear, Stearns Securities Corp., professional and correspondent clearing
services are provided, including securities lending. Headquartered in New York
City, the company has over 7,600 employees located in domestic offices in
Atlanta, Boston, Chicago, Dallas, Los Angeles, San Francisco and Washington,
D.C.; and an international presence in Beijing, Buenos Aires, Geneva, Hong Kong,
London, Madrid, Manila, Paris, Sao Paulo, Shanghai, Singapore and Tokyo. As of
March 29, 1996, total capital, including stockholders' equity and long-term
borrowings, was $7.8 billion. Giving effect to the 5% stock dividend, book
value as of March 29, 1996 was $15.87 per share, based on 144,314,232 shares
outstanding.
