-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, NGqhXwjRNtt4xR8BB3nO5UcTIDFLkacL+tkFt/wibdtzn8L6qgrOh+jWk5cCI0rS /TW7Yyjh9O6JUBxECckKKg== /in/edgar/work/0000891092-00-000936/0000891092-00-000936.txt : 20001026 0000891092-00-000936.hdr.sgml : 20001026 ACCESSION NUMBER: 0000891092-00-000936 CONFORMED SUBMISSION TYPE: N-30B-2 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000930 FILED AS OF DATE: 20001025 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CENTRAL SECURITIES CORP CENTRAL INDEX KEY: 0000018748 STANDARD INDUSTRIAL CLASSIFICATION: [0000 ] IRS NUMBER: 131875970 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-30B-2 SEC ACT: SEC FILE NUMBER: 811-00179 FILM NUMBER: 745194 BUSINESS ADDRESS: STREET 1: 375 PARK AVE CITY: NEW YORK STATE: NY ZIP: 10152 BUSINESS PHONE: 2126883011 MAIL ADDRESS: STREET 1: 375 PARK AVENUE CITY: NEW YORK STATE: NY ZIP: 10152 FORMER COMPANY: FORMER CONFORMED NAME: TRANS CENTRAL SECURITIES CORP DATE OF NAME CHANGE: 19700722 FORMER COMPANY: FORMER CONFORMED NAME: BUERGER LADET & RADINSKY INC DATE OF NAME CHANGE: 19671026 N-30B-2 1 0001.txt INTERIM REPORT TO STOCKHOLDERS ================================================================================ CENTRAL SECURITIES CORPORATION ---------- INTERIM REPORT TO STOCKHOLDERS AS OF SEPTEMBER 30, 2000 ================================================================================ To the Stockholders of CENTRAL SECURITIES CORPORATION: Financial data for the quarter ended September 30, 2000 prepared by management without audit by independent auditors and other pertinent information are submitted herewith. Comparative market values of net assets are as follows: Sept. 30, 2000 June 30, 2000 Dec. 31, 1999 -------------- ------------- ------------- Net assets .................. $683,777,340 $671,107,396 $590,655,679 Net assets per share of Common Stock ........... 40.59 39.84 35.05 Shares of Common Stock outstanding ..... 16,844,197 16,844,197 16,850,745 Comparative operating results are as follows: Nine months ended September 30, ------------------------------- 2000 1999 ---- ---- Net investment income ....................... $ 4,574,288 $ 3,946,813 Per share of Common Stock ............... .27* .23* Net realized gain on sale of investments .... 62,506,022 31,582,633 Increase (decrease) in net unrealized appreciation of investments ............... 34,670,911 (3,185,175) Increase in net assets resulting from operations ........................... 101,751,221 32,344,271 - ---------- * Per-share data are based on the average number of Common shares outstanding during the nine-month period and in 1999 are after recognition of the dividend requirement on the Convertible Preference Stock, which was redeemed on August 1, 1999. In the quarter ended September 30, 2000 the Corporation did not repurchase any of its Common Stock. However, it may from time to time purchase Common Stock in such amounts and at such prices as the Board of Directors may deem advisable in the best interests of stockholders. Stockholders' inquiries are welcome. CENTRAL SECURITIES CORPORATION WILMOT H. KIDD, President 375 Park Avenue New York, NY 10152 October 25, 2000 [2] PRINCIPAL PORTFOLIO CHANGES* July 1 to September 30, 2000 (Common Stock unless specified otherwise)
Number of Shares ----------------------------------------- Held September 30, Purchased Sold 2000 --------- ---- ------------- American Management Systems, Inc. .................... 245,000 1,220,000 Analog Devices, Inc. ................................. 20,000 790,000 ArvinMeritor, Inc. ................................... 502,500(a) 502,500 Broadwing Inc. ....................................... 15,783 900,000 Church & Dwight Co., Inc. ............................ 20,000 450,000 Conoco Inc. Class A .................................. 100,000 -- Flextronics International Ltd. ....................... 25,000 725,000 Fort James Corporation ............................... 100,000 -- Gartner Group, Inc. Class A .......................... 40,000 160,000 Impath, Inc. ......................................... 250,000(b) 50,000(c) 450,000 Intel Corporation .................................... 655,000(b) 10,000(c) 1,300,000 JLG Industries, Inc. ................................. 200,000 -- MGI Pharma, Inc. ..................................... 70,000 -- MSC Industrial Direct Company Class A ................ 60,000 140,000 Motorola, Inc. ....................................... 100,000 100,000 Nextel Communications, Inc. Class A .................. 40,000 240,000 PolyOne Corporation .................................. 1,100,000(d) 1,100,000 ProBusiness Services, Inc. ........................... 40,000 160,000 The Reynolds and Reynolds Company Class A ............ 55,000 500,000 Southeast Publishing Ventures Inc. Ser. A Pfd......... 5,000 -- SunGard Data Systems Inc. ............................ 10,000 310,000 Unisys Corporation ................................... 1,000,000 2,000,000
- ---------- * Excludes stocks listed under "Miscellaneous -- Other investments" at 6/30/00. (a) Received in exchange for 670,000 shares of Common Stock of Meritor Automotive, Inc. in a merger. (b) Stock split. (c) Post-split. (d) Of which 1,000,000 were received in exchange for 1,000,000 shares of Common Stock of M.A. Hanna Company in a merger. [3] BOARD OF DIRECTORS DONALD G. CALDER DUDLEY D. JOHNSON President President G. L. Ohrstrom & Co., Inc. Young & Franklin Inc. New York, NY Liverpool, NY JAY R. INGLIS WILMOT H. KIDD Executive Vice President President Holt Corporation New York, NY C. CARTER WALKER, JR. Washington, CT OFFICERS WILMOT H. KIDD, President CHARLES N. EDGERTON, Vice President and Treasurer KAREN E. RILEY, Secretary OFFICE 375 Park Avenue, New York, NY 10152 212-688-3011 www.centralsecurities.com CUSTODIAN UMB Bank, N.A. P.O. Box 419226, Kansas City, MO 64141-6226 TRANSFER AGENT AND REGISTRAR EquiServe, First Chicago Trust Division P. O. Box 2500, Jersey City, NJ 07303-2500 INDEPENDENT AUDITORS KPMG LLP 345 Park Avenue, New York, NY 10154 [4] -----END PRIVACY-ENHANCED MESSAGE-----