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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 (date of earliest event reported): November 20, 1996
BHC Financial, Inc.
(Exact name of registrant as specified in its charter)
Delaware 0-20185 23-2264646
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) ( Identification No.)
incorporation)
One Commerce Square
2005 Market Street
Philadelphia, Pennsylvania 19103-3212
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: 215-636-3000
Not Applicable
(Former name or former address, if changed since last report)
This document contains three (3) pages.
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Item 5. Other Events
The Company has entered into a written agreement with Citicorp
Investment Services, Inc. ("CIS"), the Company's largest Client, to continue its
clearing relationship with BHC Securities, Inc. through June 30, 1998. This
agreement serves to rescind the unofficial oral notice given to the Company by
CIS of its intent to internalize its securities processing function through an
affiliate and consequently the Company no longer anticipates that the Clearing
Agreement with CIS will terminate in the fourth quarter of 1996. This item had
been previously reported on Form 8-K dated March 13, 1996. The Clearing
Agreement may be terminated, however, at any time prior to June 30, 1998 upon
six months prior written notice.
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SIGNATURE
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.
BHC Financial, Inc.
Date: December 3, 1996 By:______________________________
Lawrence E. Donato
Senior Vice President and CFO
