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
October 13, 2014
Date of Report (Date of earliest event reported)
FBR & Co.
(Exact Name of Registrant as Specified in its Charter)
Virginia
(State or Other Jurisdiction of Incorporation)
001-33518 | 20-5164223 | |
(Commission File Number) | (IRS Employer Identification No.) |
1001 Nineteenth Street North
Arlington, VA 22209
(Address of Principal Executive Office) (Zip Code)
(703) 312-9500
(Registrants Telephone Number, Including Area Code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
¨ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
¨ | Soliciting material pursuant to Rule 14a12 under the Exchange Act (17 CFR 240.14a-12) |
¨ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
¨ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Item 5.02 | Departure of Directors or certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
(d)
The Board of Directors (the Board) of FBR & Co. (the Company) acting in accordance with the Companys Amended and Restated Bylaws elected William F. Strome to the Board effective October 13, 2014. Mr. Stromes election fills a vacancy on the Board of the Company. In connection with Mr. Stromes election to and service on the Board, he was granted a total of 4,458 Restricted Stock Units under the Companys 2006 Long-Term Incentive Plan. Mr. Stromes committee assignments have not been determined at the time of this filing.
The full text of the Companys press release is attached hereto as Exhibit 99.1.
Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
99.1 FBR & Co. press release dated October 17, 2014.
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.
FBR & Co. | ||||||
Date: October 17, 2014 | By: | /s/ Bradley J. Wright | ||||
Bradley J. Wright | ||||||
Executive Vice President and Chief Financial Officer |
FBR Announces William F. Strome
Elected to the FBR & Co. Board of Directors
ARLINGTON, VA, October 17, 2014 FBR & Co. (Nasdaq: FBRC) (FBR), a leading investment bank serving the middle market, announced today that William F. Strome joined the Companys Board of Directors as of Monday, October 13, 2014.
Bill has a long history with FBR - as the representative of a strategic investor in our business, then as a Senior Managing Director running our Diversified Industrials investment banking group, and finally as a client during his tenure as a Senior Vice President of RTI, said Richard J. Hendrix, Chairman and Chief Executive Officer of FBR. Additionally, over the course of his career, Bill has spent a significant amount of time advising corporate boards, both in his capacity as a corporate secretary and attorney as well as in his role as an investment banker. These experiences will provide incomparable perspective and valuable insight into our business and the marketplace in which FBR competes.
Bill served as Senior Vice President, Finance & Administration, of RTI International Metals, Inc. (NYSE: RTI), from November 2007 until his retirement in April of this year. He led the Companys strategic planning activities, acquisition and divestiture initiatives, and capital procurement as well as investor relations and treasury functions. Prior to joining RTI, Bill was a managing partner at Laurel Mountain Partners where he focused on raising acquisition financing for its principal portfolio company Liberty Waste Services. He also served as Deputy General Counsel and Corporate Secretary at PNC Financial Services Group, Inc. and was a Senior Managing Director in FBRs Investment Banking group. Bill holds an undergraduate degree in Economics from Northwestern University and a J.D. and M.B.A. from the University of Pittsburgh.
FBR & Co. (Nasdaq:FBRC) provides investment banking, merger and acquisition advisory, institutional brokerage, and research services through its subsidiary FBR Capital Markets & Co. FBR focuses capital and financial expertise on the following industry sectors: consumer; diversified industrials; energy & natural resources; financial institutions; healthcare; insurance; real estate; and technology, media & telecom. FBR is headquartered in the Washington, D.C. metropolitan area with offices throughout the United States. For more information, please visit www.fbr.com.
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