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 earliest event reported): Sept. 3, 1998
LEHMAN BROTHERS HOLDINGS INC.
(Exact name of registrant as specified in its charter)
Delaware
(State or other jurisdiction of incorporation)
1-9466 13-3216325
(Commission File Number) (IRS Employer Identification No.)
3 World Financial Center
New York, New York 10285
(Address of principal (Zip Code)
executive offices)
Registrant's telephone number, including
area code: (212) 526-7000
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Item 5. Other Events
On September 3, 1998 Lehman Brothers Holdings Inc. issued a press
release with respect to its projected third quarter 1998 earnings. A copy of
the press release is being filed herewith.
Item 7. Financial Statements and Exhibits
(c) Exhibits
The following Exhibit is filed as part of this report:
99.1 Press Release
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Company has duly caused this Report to be signed on its behalf by the
undersigned hereunto duly authorized.
LEHMAN BROTHERS HOLDINGS INC.
By:/s/ John L. Cecil
John L. Cecil
Chief Financial and
Administrative Officer
Date: September 3, 1998
<PAGE>
EXHIBIT INDEX
Exhibit No. Exhibit
99.1 Press Release
Exhibit 99.1
Lehman Brothers
Press Release
For Immediate Release MEDIA CONTACT: William J. Ahearn
(212) 526-4379
INVESTOR CONTACT: Shaun Butler
(212) 526-8381
Lehman Brothers Projects
Third Quarter Earnings Of $151 Million
NEW YORK, Sept. 3, 1998 - Lehman Brothers Holdings Inc. (NYSE: LEH) today
estimated that net income for the third quarter ended August 31, 1998, would be
approximately $151 million. Earnings for the first nine months of fiscal 1998
would be approximately $662 million. Lehman Brothers reported earnings of
$197 million in the fiscal 1997 third quarter, and $462 million for the first
nine months of fiscal 1997.
The earnings estimate for the current-year third quarter includes a reduction
in net income of approximately $60 million, reflecting the impact of
significant volatility in Russian and other emerging markets.
Lehman Brothers is a global investment bank with leadership positions in
corporate finance, advisory services, municipal finance and fixed income and
equity sales, trading and research. Lehman Brothers serves the financial needs
of corporate, government and institutional clients, and high-net-worth
individuals through offices in major financial centers worldwide.
