SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange
Act of 1934
Date of Report (date of the earliest event reported): July
19, 1995
Ryan, Beck & Co.,
Inc .
(Exact name of registrant as specified in its charter)
New Jersey 33-5543
22-1773796
(State or other jurisdiction(Commission (IRS Employer
of incorporation File Number Identification No.)
80 Main Street, West Orange, New Jersey 07052
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (201)
325-3000
This document consists of ___4____pages
Exhibit Index appears on page__3___
Page 1 of 4
Item 5. - Other Events
On July 18, 1995, Ryan, Beck & Co., Inc. announced a stock
repurchase program. The Board of Directors has authorized
the repurchase of up to $1 million worth of stock in the
open market and through private transactions over the next
24 months when it deems appropriate. A press release
announcing the repurchase program and containing certain
additional information is attached hereto as Exhibit A and
incorporated herein by reference.
Item 7. - Financial Statements and Exhibits
Exhibit A - Press release dated July 18, 1995
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.
Ryan, Beck & Co., Inc.
Registrant
(Signature)
Leonard J. Stanley
Chief Financial
Officer
Date: July 19, 1995
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EXHIBITS
Exhibit A - Press release dated July 18, 1995 - Page 4
Page 3 of 4
Press Contact: Linda S.
Diana
Marketing Director
FOR IMMEDIATE RELEASE
RYAN, BECK & CO. REPORTS HIGHER SECOND QUARTER EARNINGS;
DECLARES $.05 REGULAR AND $.13 SPECIAL DIVIDEND
AND ANNOUNCES SHARE REPURCHASE PROGRAM
WEST ORANGE, NJ -- July 18, 1995 -- Ryan, Beck & Co.,
Inc. (NASDAQ: RBCO), an investment banking firm specializing
in the commercial banking and thrift industries and tax-
exempt securities, today announced that its 1995 second
quarter earnings surpassed those of the same 1994 period.
Results for the first half of 1995, however, were lower than
similar results in the prior year.
Second quarter 1995 revenues were $7,086,000, compared
with $5,902,000 for the same period last year. Second
quarter net income was $1,060,000, or $.31 per share,
compared with $830,000, or $.24 per share in 1994. Total
first half revenues were $12,619,000, compared with
$13,249,000 for the same period last year. Net income for
the six months ended June 30, 1995 was $1,247,000, or $.37
per share, compared with $2,233,000, or $.64 per share, the
prior year.
The Board of Directors also announced the declaration
of a special cash dividend on common shares of $.13 per
share and a regular quarterly cash dividend of $.05 per
share. Both dividends have a record date of July 28, 1995,
and a payment date of August 8, 1995.
Commenting on the results, President and Chief
Executive Officer Allen S. Greene stated, "We are generally
pleased with the results for the second quarter. The
company continues to take steps to increase profitability
and shareholder value. Examples include the opening of our
West Palm Beach, Florida office in May for our retail and
investment banking divisions and the activation of Ryan,
Beck Planning and Insurance Agency, Inc. This group offers
annuities, life insurance and various other products to our
customers. These steps, and others, are helping us position
Ryan, Beck for future growth."
The Company also announced a stock repurchase program.
The Board of Directors has authorized the repurchase of up
to $1 million worth of stock in the open market and through
private transactions over the next 24 months when it deems
appropriate.
Ryan, Beck is headquartered in West Orange, New Jersey
and has branch offices in Bala Cynwyd, Pennsylvania and West
Palm Beach, Florida. The firm engages in underwriting,
market making, distribution, and trading of bank and thrift
equity and debt securities and tax-exempt bonds; consulting,
research, and financial services to the banking and thrift
industries; and general securities brokerage.
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