SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Pursuant to Section 13 or 15 (d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) January 21, 1998
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)
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Item 5. Other Events.
Filed herewith is a copy of The Bear Stearns Companies Inc. ( the "Company")
Press Release, dated January 21, 1998, announcing its declaration of quarterly
cash dividends.
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 January 21, 1998.
<PAGE>
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: January 21, 1998
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THE BEAR STEARNS COMPANIES INC.
FORM 8-K
CURRENT REPORT
EXHIBIT INDEX
Exhibit No. Description
(99) Press Release, dated January 21, 1998
For Immediate Release
Contacts: Hannah Burns (212) 272-2395
Maura Gaenzle (212) 272-4445
Ellen Glickman (212) 272-8188
THE BEAR STEARNS COMPANIES INC.
DECLARES CASH DIVIDENDS
New York, New York -- January 21, 1998 -- 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, on the outstanding shares of its 7.60% cumulative preferred stock, and on
the outstanding shares of its 6.15% cumulative preferred stock.
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 February 27,
1998 to shareholders of record on February 13, 1998. The board also declared a
quarterly cash dividend of 68.75 cents per share on the outstanding shares of
adjustable rate cumulative preferred stock, payable April 15, 1998 to
shareholders of record on March 31, 1998. 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 49.25 cents per related
depositary share, a quarterly cash dividend of $3.80 per share on the
outstanding shares of 7.60% cumulative preferred stock, which is equivalent to
47.50 cents per related depositary share, and a quarterly cash dividend of
$3.075 per share on the outstanding shares of 6.15% cumulative preferred stock,
which is equivalent to 76.875 cents per related depositary share, all payable
April 15, 1998 to shareholders of record on March 31, 1998.
The Bear Stearns Companies Inc. is the parent company of Bear, Stearns
& Co. Inc., a leading investment banking and securities trading and brokerage
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, derivatives, foreign exchange and futures sales and trading, asset
management, and custody services. Through Bear, Stearns Securities Corp., it
offers professional and correspondent clearing, including securities lending.
Headquartered in New York City, the company has approximately 8,700 employees
located in domestic offices in Atlanta, Boston, Chicago, Dallas, Los Angeles,
and San Francisco; and an international presence in Beijing, Buenos Aires,
Dublin, Geneva, Hong Kong, London, Lugano, Paris, Sao Paulo, Shanghai,
Singapore, and Tokyo. As of December 31, 1997 total capital, including
stockholders' equity and long-term borrowings, was $14.8 billion. Book value as
of December 31, 1997 was $21.43 per share, based on 151,567,190 shares
outstanding.
