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Previous: PRICE T ROWE BLUE CHIP GROWTH FUND INC, 485BPOS, 1996-04-15 |
Next: NUTRITION FOR LIFE INTERNATIONAL INC, 8-K, 1996-04-15 |
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) APRIL 15, 1996
-------------------------------
SMITH BARNEY HOLDINGS INC.
------------------------------------------------------
(Exact name of registrant as specified in its charter)
DELAWARE 1-12484 06-1274088
- ---------------------------- ------------ -------------------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
388 GREENWICH STREET, NEW YORK, NY 10013
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
(212) 816-6000
- --------------------------------------------------------------------------------
(Registrant's telephone number, including area code)
Page 1 of 4 pages
No exhibits are being filed with this report.
<PAGE>
SMITH BARNEY HOLDINGS INC.
CURRENT REPORT ON FORM 8-K
ITEM 5. OTHER EVENTS
------------
RESULTS OF OPERATIONS
- ---------------------
(Preliminary and Unaudited)
This report summarizes the results of operations of Smith Barney Holdings Inc.
(the "Company") for the three-month period ended March 31, 1996 and 1995 and
provides certain additional financial information.
2
<PAGE>
SMITH BARNEY HOLDINGS INC.
SELECTED FINANCIAL DATA
(PRELIMINARY AND UNAUDITED)
(IN MILLIONS)
March 31,
---------------------
1996 1995
-------- -------
Total assets $ 44,962 $41,553
Total debt obligations $ 5,048 $ 3,868
Total stockholder's equity $ 2,474 $ 2,365
Assets managed $102,201 $82,076
Three
months ended
March 31
---------------
1996 1995
------ ------
Revenues:
Commissions $ 605 $ 448
Principal trading 283 282
Investment banking 273 116
Asset management fees 317 237
Other 27 28
------ ------
Total non-interest revenues 1,505 1,111
------ ------
Interest and dividends 445 407
Interest expense 350 315
------ ------
Net interest and dividends 95 92
------ ------
Net revenues 1,600 1,203
------ ------
Expenses excluding interest:
Employee compensation and benefits 913 742
Communications, occupancy and equipment 139 146
Other expenses 182 140
------ ------
Total expenses, excluding interest 1,234 1,028
------ ------
Income before provision for
income taxes 366 175
Provision for income taxes 143 76
------ ------
Net income $ 223 $ 99
====== ======
Note: Certain prior year amounts have been reclassified to conform to the
current year's presentation.
3
<PAGE>
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.
Date: April 15, 1996 SMITH BARNEY HOLDINGS INC.
By: /s/Michael J. Day
-----------------------------------
Michael J. Day
Vice President and Controller
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