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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: November 29, 1999
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UNITED ASSET MANAGEMENT CORPORATION
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(Exact name of registrant as specified in its charter)
Delaware 1-9215 04-2714625
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
One International Place, Boston, MA 02110
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(Address of principal executive offices) (ZIP Code)
Registrant's telephone number, including area code: (617) 330-8900
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ITEM 5. OTHER EVENTS
On November 29, 1999, United Asset Management Corporation published a
press release in the form attached hereto as EXHIBIT 99.1, which press
release is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) EXHIBITS
Exhibit Number
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99.1 Press Release of United Asset Management Corporation
dated November 29, 1999.
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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 hereunto duly authorized.
UNITED ASSET MANAGEMENT CORPORATION
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Registrant
DATED: November 29, 1999 By: /s/ William H. Park
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William H. Park
Executive Vice President
and Chief Financial Officer
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Exhibit Index
Exhibit
No. Description
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99.1 Press Release of United Asset Management Corporation
dated November 29, 1999.
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Exhibit 99.1
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Contacts: Juliana M. Coyle (Investors)
Jonathan V. Hubbard (Media)
(617) 330-8900
Internet: http://www.uam.com
FOR IMMEDIATE RELEASE
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CHARLES E. HALDEMAN, JR., PRESIDENT, TO LEAVE UAM IN DECEMBER
SEARCH FOR CEO TO BE INITIATED
BOSTON, November 29, 1999--United Asset Management Corporation (NYSE:
UAM) today announced that Charles E. Haldeman, Jr., President and Chief
Operating Officer, will leave UAM in December to accept a position with an
investment management firm in Philadelphia. Mr. Haldeman became President of UAM
in March, 1998 after serving for 23 years as a Principal and Director of Cooke &
Bieler, Inc., a Philadelphia-based investment management affiliate of UAM.
"Ed Haldeman has been a close friend since 1986 when Cooke & Bieler
became part of UAM," said Norton H. Reamer, Chairman and Chief Executive
Officer. "As UAM's President, he brought a valued affiliate perspective to the
initiatives he worked on and he can take pride in all he accomplished. We
understand Ed's reasons for wanting to return to the Philadelphia area, and we
wish him the best with his new opportunity.
"UAM is a very different organization than it was before Ed joined the
parent company. We've made progress on improving our client cash flow, senior
management is organized to work more closely with our affiliates, and there is a
new spirit of commitment to growth among our firms. The process of change is off
to a good start at UAM, and we'll continue to pursue our strategy vigorously,"
Mr. Reamer added.
"We will immediately initiate a search for Ed's replacement.
Since I am less than a year from a normal retirement date, the Board and I
believe the search should be for a new CEO who can carry forward the work that
Ed and I have begun."
One of the largest independent investment management organizations in
the world, United Asset Management Corporation provides a broad range of
investment management services to institutions, mutual funds and high-net-worth
investors. These services are offered through a diverse group of operating firms
that managed more than $193 billion on September 30, 1999 for clients located
throughout the United States, Canada and abroad.
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