SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Pursuant to Section 13 or 15 (d) of
The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) January 8, 2002
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THE BEAR STEARNS COMPANIES INC.
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Exact name of registrant as specified in its charter
DELAWARE File No. 1-8989 13-3286161
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(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification
incorporation) Number)
383 Madison Avenue, New York, New York 10179
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(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code: (212) 272-2000
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Not Applicable
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(former name or former address, if changed since last report)
Item 5. Other Events
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Filed herewith is a copy of The Bear Stearns Companies Inc. (the "Company")
Press Release, dated January 8, 2002, announcing its regular quarterly
cash dividend on its outstanding shares of common stock and the approval by
the Board of Directors of the Company of an amendment to its share repurchase
program to allow the Company to purchase up to $1.2 billion in aggregate cost of
common stock.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
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(a) Financial Statements of business acquired:
Not applicable.
(b) Pro Forma financial information:
Not applicable.
(c) Exhibit:
(99) Press Release, dated January 8, 2002.
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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.
THE BEAR STEARNS COMPANIES INC.
By: /s/ Marshall J Levinson
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Marshall J Levinson
Controller
(Principal Accounting Officer)
Dated: January 9, 2002
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THE BEAR STEARNS COMPANIES INC.
FORM 8-K
CURRENT REPORT
EXHIBIT INDEX
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Exhibit No. Description
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(99) Press Release, dated January 8, 2002
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For Immediate Release
Contact: Elizabeth Ventura (212) 272-9251
Rebecca Haas (212) 272-8188
THE BEAR STEARNS COMPANIES INC.
DECLARES COMMON STOCK CASH DIVIDEND;
AUTHORIZES $1.2 BILLION SHARE REPURCHASE PROGRAM
NEW YORK -January 8, 2002- The Bear Stearns Companies Inc. (NYSE: BSC) today
announced its regular quarterly cash dividend on its outstanding shares of
common stock.
The Board of Directors declared a regular, quarterly cash dividend of 15 cents
per share on the outstanding shares of common stock, payable January 31, 2002 to
stockholders of record on January 17, 2002.
Separately, the Board of Directors of the company approved an amendment to its
share repurchase program to allow the company to purchase up to $1.2 billion in
aggregate cost of common stock. The amendment supercedes the previous
authorization and replenishes the total authorization to $1.2 billion. The
company acquired approximately $830 million under the previous $1.2 billion
repurchase program authorization. The share repurchase program will be utilized
primarily to acquire shares of common stock in order to mitigate the dilutive
effect of the company's stock award plan. The purchases may be made periodically
in 2002 or beyond in the open market or through privately negotiated
transactions.
Founded in 1923, The Bear Stearns Companies Inc. (NYSE: BSC) is the parent
company of Bear, Stearns & Co. Inc., a leading investment banking and securities
trading and brokerage firm serving governments, corporations, institutions and
individuals worldwide. With approximately $29.8 billion in total capital, the
company's business includes corporate finance and mergers and acquisitions,
institutional equities and fixed income sales, trading and research, private
client services, derivatives, foreign exchange and futures sales and trading,
asset management and custody services. Through Bear, Stearns Securities Corp.,
it offers prime broker and broker dealer clearing services, including securities
lending. Headquartered in New York City, the company has approximately 10,500
employees located in domestic offices in Atlanta, Boston, Chicago, Dallas,
Denver, Los Angeles, San Francisco and San Juan; and an international presence
in Beijing, Dublin, Herzliya, Hong Kong, London, Lugano, Milan, Sao Paulo,
Seoul, Shanghai, Singapore and Tokyo. For additional information about Bear
Stearns, please visit our Web site at http://www.bearstearns.com.
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