-----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, GpBVZPUqoqiA94g21qebPIAfaMb+42/UWBGVUpONTaea/0RnnOL3gjsByYlFdDVi TmYFG5fOqar8mzPHz/utkQ== 0000891092-09-001649.txt : 20090423 0000891092-09-001649.hdr.sgml : 20090423 20090423152208 ACCESSION NUMBER: 0000891092-09-001649 CONFORMED SUBMISSION TYPE: N-30B-2 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20090331 FILED AS OF DATE: 20090423 DATE AS OF CHANGE: 20090423 EFFECTIVENESS DATE: 20090423 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: 09766453 BUSINESS ADDRESS: STREET 1: 630 FIFTH AVENUE STREET 2: SUITE 820 CITY: NEW YORK STATE: NY ZIP: 10111 BUSINESS PHONE: 212-698-2020 MAIL ADDRESS: STREET 1: 630 FIFTH AVENUE STREET 2: SUITE 820 CITY: NEW YORK STATE: NY ZIP: 10111 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 e35051n_30b2.txt INTERIM REPORT ================================================================================ - -------------------------------------------------------------------------------- CENTRAL SECURITIES CORPORATION ---------- INTERIM REPORT TO STOCKHOLDERS AS OF MARCH 31, 2009 - -------------------------------------------------------------------------------- ================================================================================ To the Stockholders of CENTRAL SECURITIES CORPORATION: Financial data for the quarter ended March 31, 2009 and other pertinent information prepared by management without audit by independent auditors are submitted herewith. Comparative net assets are as follows:
Mar. 31, 2009 Dec. 31, 2008 Mar. 31, 2008 ------------- ------------- ------------- Net assets........................................ $358,075,258 $397,353,061 $612,438,385 Net assets per share of Common Stock.............. $ 16.05 $ 17.79 $ 28.64 Shares of Common Stock outstanding.......... 22,303,213 22,331,813 21,385,882
Comparative operating results are as follows:
Three months ended March 31, ---------------------------- 2009 2008 ---- ---- Net investment income............................................. 3,320,455 4,008,845 Per share of Common Stock...................................... .15* .19* Net realized gain (loss) on sale of investments................... (1,815,436) 10,718,059 Decrease in net unrealized appreciation of investments............ (40,470,721) (47,111,243) Decrease in net assets resulting from operations.................. (38,965,702) (32,384,339)
- ---------- * 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 11, 2009 with 94% 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 2009 was ratified. Detailed information will be published in the June 30, 2009 Semi-Annual Report. In the quarter ended March 31, 2009 the Corporation repurchased 28,600 shares of its Common Stock at an average price per share of $10.91. 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. Purchases may be made on the NYSE-Amex or in private transactions directly with stockholders. Stockholders' inquiries are welcome. CENTRAL SECURITIES CORPORATION WILMOT H. KIDD, President [2] PRINCIPAL PORTFOLIO CHANGES January 1 to March 31, 2009 (Common Stock unless specified otherwise) (unaudited) Number of Shares ------------------------------------ Held March 31, Purchased Sold 2009 --------- ------- --------- Agilent Technologies, Inc................. -- 22,400 920,000 Analog Devices, Inc....................... -- 20,000 370,000 Arbinet-thexchange, Inc................... -- 100,000 1,000,000 The Bank of New York Mellon Corporation... -- 125,475 700,000 Capital One Financial Corporation......... -- 250,000 -- Coherent, Inc............................. -- 20,000 830,000 Maxim Integrated Products, Inc............ -- 10,000 300,000 Murphy Oil Corporation.................... -- 13,300 350,000 Roper Industries, Inc..................... -- 50,000 250,000 RSC Holdings Inc.......................... -- 70,000 -- TEN LARGEST INVESTMENTS March 31, 2009 (unaudited)
Cost Value Percent of Year First (mil.) (mil.) Net Assets Acquired ------ ------ ---------- ---------- The Plymouth Rock Company, Inc............ $ 2.2 $112.0 31.3% 1982 The Bank of New York Mellon Corporation... 12.8 19.8 5.5 1993 Murphy Oil Corporation.................... 1.4 15.7 4.4 1974 Brady Corporation......................... 2.5 15.3 4.3 1984 Coherent, Inc............................. 22.9 14.3 4.0 2007 Agilent Technologies, Inc................. 21.9 14.1 3.9 2005 Convergys Corporation..................... 25.3 14.0 3.9 1998 Intel Corporation......................... 0.3 12.2 3.4 1986 Roper Industries, Inc..................... 5.0 10.6 3.0 2003 Dover Corporation......................... 13.0 10.6 2.9 2003
[3] BOARD OF DIRECTORS Simms C. Browning, Chairman Donald G. Calder Jay R. Inglis Dudley D. Johnson Wilmot H. Kidd C. Carter Walker, Jr. OFFICERS Wilmot H. Kidd, President Charles N. Edgerton, Vice President and Treasurer William E. Sheeline, Vice President Marlene A. Krumholz, Secretary OFFICE 630 Fifth Avenue New York, NY 10111 212-698-2020 866-593-2507 (toll-free) www.centralsecurities.com TRANSFER AGENT AND REGISTRAR Computershare Trust Company, N.A. P. O. Box 43069, Providence, RI 02940-3069 800-756-8200 www.computershare.com CUSTODIAN UMB Bank, N.A. Kansas City, MO INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM KPMG LLP New York, NY [4] -----END PRIVACY-ENHANCED MESSAGE-----