-----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, IX6BuiNNFOSvjHg8tT8PVG4VZi8MJdrLE1Y8s1v8vDoTNPIugPbCQtINPAhGBJzd eaLjqtDBv7WSI5VVBdGp5A== 0000891092-02-000576.txt : 20020430 0000891092-02-000576.hdr.sgml : 20020430 ACCESSION NUMBER: 0000891092-02-000576 CONFORMED SUBMISSION TYPE: N-30B-2 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020331 FILED AS OF DATE: 20020429 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CENTRAL SECURITIES CORP CENTRAL INDEX KEY: 0000018748 IRS NUMBER: 131875970 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: N-30B-2 SEC ACT: 1940 Act SEC FILE NUMBER: 811-00179 FILM NUMBER: 02623789 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: BUERGER LADET & RADINSKY INC DATE OF NAME CHANGE: 19671026 FORMER COMPANY: FORMER CONFORMED NAME: TRANS CENTRAL SECURITIES CORP DATE OF NAME CHANGE: 19700722 N-30B-2 1 e13299n30b2.txt FORM N-30B-2 - -------------------------------------------------------------------------------- CENTRAL SECURITIES CORPORATION ---------- INTERIM REPORT TO STOCKHOLDERS AS OF MARCH 31, 2002 - -------------------------------------------------------------------------------- To the Stockholders of CENTRAL SECURITIES CORPORATION: Financial data for the quarter ended March 31, 2002 and other pertinent information prepared by management without audit by independent auditors are submitted herewith. Comparative market values of net assets are as follows:
Mar. 31, 2002 Dec. 31, 2001 Mar. 31, 2001 ------------- ------------- ------------- Net assets .................................. $541,877,179 $539,839,060 $522,970,934 Net assets per share of Common Stock ........ 28.74 28.54 28.95 Shares of Common Stock outstanding .... 18,854,499 18,914,599 18,065,546
Comparative operating results are as follows:
Three months ended March 31, ---------------------------- 2002 2001 -------- -------- Net investment income ......................................... $ 963,277 $ 1,383,455 Per share of Common Stock .................................. .05* .08* Net realized gain on sale of investments ...................... $18,139,858 7,350,509 Decrease in net unrealized appreciation of investments ........ (15,578,590) (81,031,248) Increase (decrease) in net assets resulting from operations ... 3,524,545 (72,297,284)
- ---------- * Per-share data are based on the average number of Common shares outstanding during the three-month period. ---------- The annual meeting of stockholders of the Corporation was held on March 13, 2002 with 95% of Common shares being represented. At the meeting the Board of Directors was reelected and the selection of KPMG LLP as auditors of the Corporation for the year 2002 was ratified. Detailed information will be published in the June 30, 2002 Semi-Annual Report. [2] In the quarter ended March 31, 2002 the Corporation repurchased 60,100 shares of its Common Stock at an average price per share of $24.97. These shares were purchased on the American Stock Exchange. The Corporation 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 April 17, 2002 PRINCIPAL PORTFOLIO CHANGES January 1 to March 31, 2002 (Common Stock unless specified otherwise) Number of Shares --------------------------------------- Held March 31, Purchased Sold 2002 ----------- ------- ----------- Analog Devices, Inc. .................. 100,000 610,000 Arch Capital Group Ltd. ............... 65,000 65,000 AT&T Wireless Services, Inc. .......... 330,000 330,000 ArvinMeritor, Inc. .................... 80,000 430,000 Capital One Financial Corp. ........... 70,000 530,000 Convergys Corporation ................. 20,000 700,000 Flextronics International Ltd. ........ 100,000 1,350,000 Intel Corporation ..................... 180,000 1,120,000 Nextel Communications, Inc. Class A ... 240,000 -- Peerless Systems Corporation .......... 45,000 350,000 Solectron Corporation ................. 40,000 500,000 U.S. Treasury Note, 3% due 1/31/04 .... $21,852,000 $21,852,000 Wind River Systems, Inc. .............. 100,000 300,000 [3] BOARD OF DIRECTORS DONALD G. CALDER DUDLEY D. JOHNSON President Chairman G. L. Ohrstrom & Co., Inc. Young & Franklin Inc. New York, NY Liverpool, NY JAY R. INGLIS WILMOT H. KIDD Executive Vice President President National Marine Underwriters, Inc. New York, NY C. CARTER WALKER, JR. Washington, CT OFFICERS WILMOT H. KIDD, President CHARLES N. EDGERTON, Vice President and Treasurer MARLENE A. KRUMHOLZ, 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 Trust Company P. O. Box 2500, Jersey City, NJ 07303-2500 201-324-0313 www.equiserve.com INDEPENDENT AUDITORS KPMG LLP 757 Third Avenue, New York, NY 10017 [4] -----END PRIVACY-ENHANCED MESSAGE-----