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 28, 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)
<PAGE>
Item 5. OTHER EVENTS
------------
Bear, Stearns Securities Corp. (BSSC), an indirect wholly owned subsidiary of
The Bear Stearns Companies Inc. (the "Company"), has reached an
agreement-in-principle with the Staff of the Securities and Exchange Commission
resolving the Staff's investigation regarding the Company's stock clearing
relationship with A. R. Baron, a former correspondent firm. The settlement is
subject to definitive documentation and approval of a final cease and desist
order and will require the payment of a fine of $5 million and further payments
of $20 million to settle certain private claims. The settlement will have no
material effect on the business or financial condition of BSSC or the Company.
-2-
<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/ Marshall J Levinson
-------------------------------------
Marshall J Levinson
Controller and Assistant Secretary
(Principal Accounting Officer)
Dated: June 28, 1999
-3-
