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): June 4, 1997
Ryan, Beck & Co., Inc. .
(Exact name of registrant as specified in its charter)
New Jersey
(State or other jurisdiction of incorporation)
22-1773796
(IRS Employer Identification No.)
0-14684
(Commission File Number)
80 Main Street, West Orange, New Jersey
(Address of principal executive offices)
07052
(Zip Code)
Registrant's telephone number, including area code: (201) 325-
3000
This document consists of ___3____pages
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Item 5. Other Events
On June 3, 1997, Ryan, Beck & Co. Inc. (the "Company")
announced that Fenwick H. Garvey resigned as Chairman of the
Board and a director of the Company effective immediately.
Richard B. Neff, a director of the Company, has been named
Chairman of the Board.
A copy of the press release relating to such management changes
and additional information is attached hereto and incorporated by
reference herein.
Item 7. Financial Statements, Pro Forma Financial
Information and Exhibits
( c ) Exhibits
1. Press release dated June 4, 1997
Pursuant to the requirements of the Securities Exchange Act of
1934, the Registrant has duly caused this Form 8-K to be signed on
its behalf by the undersigned, thereunto duly authorized.
Ryan, Beck & Co., Inc.
Registrant
/s/ Leonard J. Stanley
Leonard J. Stanley
Senior Vice President, Chief Financial and Administrative Officer
Date: June 6, 1997
Page 2 of 3
Press Contact: Leonard J. Stanley, Senior Vice President
Linda S. Diana, Marketing Director
FOR IMMEDIATE RELEASE
RYAN, BECK & CO. ANNOUNCES BOARD CHANGES
WEST ORANGE, NJ - June 4, 1997 -- Ryan, Beck & Co., Inc.
(NASDAQ: RBCO) today announced that Fenwick H. Garvey has
resigned as Chairman of the Company's Board of Directors. Richard
B. Neff, a director since 1994, has been named Chairman of the Board.
Mr. Garvey, who has been with Ryan, Beck & Co. since 1969, stated
that his decision resulted from a desire to spend more time with his
young family. Mr. Garvey will remain associated with Ryan, Beck as
a senior advisor, and will also retain his position with the Company's
equity trading department. Mr. Garvey stated, "It has been an honor to
have been part of Ryan, Beck virtually all of my professional career and
I look forward to a continued association for many years to come. I am
particularly enthusiastic that the Board agreed with my
recommendation that Mr. Neff succeed me. He brings a new
dimension of business expertise and acumen to our Company."
Richard B. Neff, 48, was appointed to Ryan, Beck's Board of
Directors in 1994 and is executive vice president and chief financial
officer of DiGiorgio Corp., a wholesale food distributor headquartered
in New Jersey, and president and chief executive officer of Las Plumas
Lumber Co., LLC. Mr. Neff's appointment marks a new direction for
the Company's Board of Directors, which had previously been chaired
by an inside director.
In commenting on Mr. Garvey's announcement, Mr. Neff stated,
"Wick Garvey was instrumental in making Ryan, Beck & Co. the
successful firm it is today. We regret, but respect, his decision and
wish him well."
Ben A. Plotkin, President of Ryan, Beck, added, "I share Wick's
excitement over Richard Neff's appointment. His diverse business
experience will be a valuable asset to our Company and further
emphasizes our stated commitment to diversifying revenues while
enhancing shareholder value."
Ryan, Beck is headquartered in West Orange, New Jersey and 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;
insurance products and estate planning, and general securities
brokerage.
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