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) October 29, 1999
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.'s (the "Company")
Press Release, dated October 29, 1999, announcing its declaration of quarterly
cash dividends and a 5% stock dividend on its outstanding shares of common
stock.
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 October 29, 1999.
<PAGE>
Signature
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/Marshall J Levinson
Marshall J Levinson
Controller
(Principal Accounting Officer)
Dated: November 3, 1999
<PAGE>
THE BEAR STEARNS COMPANIES INC.
FORM 8-K
CURRENT REPORT
EXHIBIT INDEX
Exhibit No. Description
(99) Press Release, dated October 29, 1999
For Immediate Release
Contact: Rebecca Haas (212) 272-8188
THE BEAR STEARNS COMPANIES INC.
DECLARES 5% STOCK DIVIDEND;
DECLARES CASH DIVIDENDS
NEW YORK, October 29, 1999 -- The Bear Stearns Companies Inc. (NYSE: BSC) today
announced a 5% stock dividend on its outstanding shares of common stock. In
addition, the company also announced its regular quarterly cash dividends on its
outstanding shares of common stock, Adjustable Rate Cumulative Preferred Stock,
6.15% Cumulative Preferred Stock, 5.72% Cumulative Preferred Stock, and 5.49%
Cumulative Preferred Stock.
5% Stock Dividend Declared
The Board of Directors declared a 5% stock dividend on the outstanding shares of
common stock to be distributed November 26, 1999 to stockholders of record on
November 12, 1999. The quarterly cash dividend declared today will be paid in
respect of shares of common stock outstanding on November 12, 1999, and
consequently will not be paid on the newly issued shares.
Giving effect to the 5% stock dividend, earnings per share for the first quarter
of fiscal 2000 were 95 cents versus 36 cents for the same quarter last year, and
book value as of September 24, 1999 was $26.38 per share.
Quarterly Cash Dividends Declared
The Board of Directors declared a regular quarterly cash dividend of 15 cents
per share on the outstanding shares of the company's common stock, payable
November 26, 1999 to stockholders of record on November 12, 1999. The board also
declared a quarterly cash dividend of 68.75 cents per share on the outstanding
shares of Adjustable Rate Cumulative Preferred Stock, Series A, payable January
15, 2000 to stockholders of record on December 31, 1999. In addition, other
regular dividends declared by the Board of Directors include: (i) a cash
dividend of $3.075 per share on the outstanding shares of 6.15% Cumulative
Preferred Stock, Series E, which is equivalent to 76.875 cents per related
depositary share; (ii) a cash dividend of $2.86 per share on the outstanding
shares of 5.72% Cumulative Preferred Stock, Series F, which is equivalent to
71.50 cents per related depositary share; and (iii) a cash dividend of $2.745
per share on the outstanding shares of 5.49% Cumulative Preferred Stock, Series
G, which is equivalent to 68.625 cents per related depositary share, all payable
January 15, 2000 to stockholders of record on December 31, 1999.
Founded in 1923, 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 10,000 employees
located in domestic offices in Atlanta, Boston, Chicago, Dallas, Los Angeles and
San Francisco; and an international presence in Beijing, Buenos Aires, Dublin,
Hong Kong, London, Lugano, Puerto Rico, Sao Paulo, Shanghai, Singapore and
Tokyo. For additional information about Bear Stearns, please visit our website
at http://www.bearstearns.com.
