SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
Pursuant to Section 13 or 15 (d) of
The Securities Exchange Act of 1934
Amendment No. 1
Date of Report (Date of earliest event reported) April 1, 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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Explanatory Note
This Report on Form 8-K/A amends in its entirety the Current Report on Form 8-K
of The Bear Stearns Companies Inc. (the "Company") dated April 1, 1998.
Item 5. Other Events
Filed herewith is a copy of the Company's Press Release, dated April 3, 1998,
announcing the redemption of 7,500,000 outstanding Depositary Shares, each
representing a one-eighth interest in a share of The Bear Stearns Companies Inc.
7.88% Cumulative Preferred Stock, Series B.
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 3, 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: April 6, 1998
<PAGE>
THE BEAR STEARNS COMPANIES INC.
FORM 8-K/A
CURRENT REPORT
EXHIBIT INDEX
Exhibit No. Description
(99) Press Release, dated April 3, 1998
For Immediate Release: CORRECTION
Contact: Hannah Burns (212) 272-2395
Maura Gaenzle (212) 272-4445
Ellen Glickman (212) 272-8188
THE BEAR STEARNS COMPANIES INC.
TO REDEEM THE COMPANY'S
7.88% CUMULATIVE PREFERRED STOCK, SERIES B
New York, New York -- April 3, 1998 -- The Bear Stearns Companies Inc.
(NYSE: BSC) today announced that it will redeem the Depositary Shares
representing fractional interests in the 7.88% Cumulative Preferred Stock,
Series B of The Bear Stearns Companies Inc., liquidation preference $25.00 per
Depositary Share, CUSIP number 073902 405.
The shares being redeemed are the 7,500,000 outstanding Depositary
Shares, each representing a one-eighth interest in a share of The Bear Stearns
Companies Inc. 7.88% Cumulative Preferred Stock, Series B. All of the
outstanding shares of the underlying Preferred Stock will simultaneously be
redeemed as well.
The redemption date will be May 5, 1998. The redemption price will
become due and payable on, and dividends on the Depositary Shares will cease to
accrue from and after, the redemption date.
The redemption price will be $25.00, plus accrued and unpaid dividends
to the redemption date of $0.1094 per Depositary Share. This corrects the
previously reported accrued and unpaid dividends to the redemption date of
$0.1861 per Depositary Share which was released on April 1, 1998. The Bear
Stearns Companies Inc. has declared dividends of $0.4925 per Depositary Share
payable separately on April 15, 1998 to holders of record on March 31, 1998.
<PAGE>
In order to receive payment of the redemption price and accrued and
unpaid dividends, you must send your Depositary Receipts representing the
Depositary Shares with the Letter of Transmittal, duly completed and signed,
together with any required evidences of authority, to the redemption agent:
By mail: ChaseMellon Shareholder Services, L.L.C.
Post Office Box 3302
South Hackensack, New Jersey 07606
By hand: ChaseMellon Shareholder Services, L.L.C.
120 Broadway, 13th Floor
New York, New York 10271
Attention: Reorganization Department
By Overnight
Delivery: ChaseMellon Shareholder Services, L.L.C.
85 Challenger Road -- Mail Drop-Reorg
Ridgefield Park, New Jersey 07660
Attention: Reorganization Department
For information call (800) 777-3674, 9:00 a.m. - 6:00 p.m. Eastern Time.
The Bear Stearns Companies Inc. is the parent company of Bear, Stearns & Co.
Inc., a leading investment banking and securities trading and brokerage firm.
With approximately $14.8 billion in total capital, Bear Stearns serves
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 9,000 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.
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