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) June 10,1998
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 June 10, 1998, announcing the redemption of 4,000,000
outstanding Depositary Shares, each representing a one-eighth interest in a
share of The Bear Stearns Companies Inc. 7.60% Cumulative Preferred Stock,
Series C.
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 June 10, 1998.
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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: June 15, 1998
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THE BEAR STEARNS COMPANIES INC.
FORM 8-K
CURRENT REPORT
EXHIBIT INDEX
Exhibit No. Description
(99) Press Release, dated June 10, 1998
For Immediate Release
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
7.60% CUMULATIVE PREFERRED STOCK, SERIES C
New York, New York -- June 10, 1998 -- The Bear Stearns Companies Inc.
(NYSE: BSC) today announced that it will redeem the Depositary Shares
representing fractional interests in the 7.60% Cumulative Preferred Stock,
Series C of The Bear Stearns Companies Inc., liquidation preference of $25.00
per Depositary Share, CUSIP number 073902603.
The shares being redeemed constitute all of the 4,000,000 outstanding
Depositary Shares, each representing a one-eighth interest in a share of The
Bear Stearns Companies Inc. 7.60% Cumulative Preferred Stock, Series C. All of
the outstanding shares of the underlying Preferred Stock will be simultaneously
redeemed as well.
The redemption price will become due and payable on July 15, 1998, the
redemption date. Dividends on the Depositary Shares and Preferred Stock will
cease to accrue from and after the redemption date.
The redemption price will be $25.00 per Depositary Share. The Bear
Stearns Companies Inc. previously declared dividends of $0.4750 per Depositary
Share, payable separately from the redemption, on July 15, 1998 to holders of
record on June 30, 1998.
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In order to receive payment of the redemption price, a holder must send
the Depositary Receipts representing the Depositary Shares with the Letter of
Transmittal, duly completed and signed, together with any required evidences of
authority, to:
CHASEMELLON SHAREHOLDER SERVICES, L.L.C., AS DEPOSITARY
By mail: ChaseMellon Shareholder Services, L.L.C.
Post Office Box 3302
South Hackensack, New Jersey 07606
Attention: Reorganization Department
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 $16.3 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 9,100 employees
located in domestic offices in Atlanta, Boston, Chicago, Dallas, Los
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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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