0001354488-15-000915.txt : 20150303 0001354488-15-000915.hdr.sgml : 20150303 20150303153028 ACCESSION NUMBER: 0001354488-15-000915 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20150227 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20150303 DATE AS OF CHANGE: 20150303 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SIEBERT FINANCIAL CORP CENTRAL INDEX KEY: 0000065596 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] IRS NUMBER: 111796714 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-05703 FILM NUMBER: 15668723 BUSINESS ADDRESS: STREET 1: 885 THIRD AVENUE STREET 2: SUITE 1720 CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2126442400 MAIL ADDRESS: STREET 1: 885 THIRD AVENUE STREET 2: SUITE 1720 CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: MICHAELS J INC DATE OF NAME CHANGE: 19950221 8-K 1 sieb_8k.htm CURRENT REPORT sieb_8k.htm
UNITED STATES
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
 
Date of Report (Date of earliest event reported): February 27, 2015
 
SIEBERT FINANCIAL CORP.
(Exact name of registrant as specified in its charter)
 
New York
0-5703
11-1796714
     
(State or other jurisdiction of
incorporation)
(Commission File Number)
(IRS Employer Identification
Number)

885 Third Avenue, New York, New York
  
10022
(Address of principal executive offices)
  
(Zip Code)

Registrant’s telephone number, including area code:
   (212) 644-2400

 
(Former name or former address, if changed since last report.)
 
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 (see General Instruction A.2. below):
 
o
Written communications pursuant to Rule 425 under the Securities Act
   
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
   
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
   
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act

 
 
 
 
 
Item 5.02 Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
 
Suzanne Shank has resigned from her position as Acting Chief Executive Officer of Siebert Financial Corporation effective as of February 27, 2015 to devote full time to her position as Chief Executive Officer of Siebert Branford Shank. Joseph M. Ramos, our Executive Vice President and Chief Financial Officer, will be performing a similar function as a principal executive officer to those previously performed by Ms. Shank.
 
Mr. Ramos has been our Executive Vice President, Chief Financial Officer and Assistant Secretary since February 10, 2003 and Chief Financial Officer of Siebert, Brandford, Shank, & Co., L.L.C. since April 20, 2009. From May 1999 to February 2002, Mr. Ramos served as Chief Financial Officer of Internet Financial Services, Inc. From November 1996 to May 1999, Mr. Ramos served as Chief Financial Officer of Nikko Securities International, Inc. From September 1987 to March 1996, Mr. Ramos worked at Cantor Fitzgerald and held various accounting and management positions, the last as Chief Financial Officer of their registered broker-dealer based in Los Angeles. From October 1982 to September 1987, Mr. Ramos was an audit manager for Deloitte & Touche LLP, a public accounting firm. Mr. Ramos is a Certified Public Accountant licensed in the State of New York.
 
Item 9.01 Financial Statements and Exhibits.
 
(d)           Exhibits
 
99.1  Press Release, dated March 3, 2015.
 
 
 
 
 
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.
 
 
SIEBERT FINANCIAL CORP.
  
       
Date: March 3, 2015
By:
/s/ Joseph M. Ramos, Jr.  
    Joseph M. Ramos, Jr.  
    Executive Vice President, Chief Operating and  
    Chief Financial Officer  
 
 
 
 EX-99.1 2 sieb_ex991.htm PRESS RELEASE, DATED MARCH 3, 2015 sieb_ex991.htm
Exhibit 99.1
 
FROM:  SIEBERT FINANCIAL CORP.
  885 Third Avenue Suite 3100
                New York, NY 10022

SIEBERT FINANCIAL CORP. ANNOUNCES COMPLETION OF SUZANNE SHANK’S ROLE AS ACTING CEO

New York—March 3, 2015--Siebert Financial Corporation [NASDAQ: SIEB] today announced that Suzanne Shank has completed her role as Acting Chief Executive Officer of Siebert Financial Corp. to devote full time to her continuing position as Chief Executive Officer of Siebert Branford Shank and Company (SBSCO). Ms. Shank co-founded SBSCO with Mickie Siebert and Napoleon Brandford in 1996.

Joseph M. Ramos, Executive Vice President and Chief Financial Officer of Siebert Financial, will continue to perform a similar function as a Principal Executive Officer to those previously performed by Ms. Shank.

At the request of the Siebert Financial board of directors following the death of company founder Muriel F. Siebert in 2013, Ms. Shank became Acting CEO of the company. Under her tenure, SBSCO completed its acquisition of the Siebert Financial Capital Markets Group in November 2014.

“It was truly an honor to lead Siebert Financial as Acting CEO after the passing of Mickie Siebert,” said Suzanne Shank. “She was a legendary Wall Street trailblazer who was a friend and mentor, as well as a business partner as co-founder of SBSCO. Working with Siebert’s Chairwoman Jane Macon, the board of directors and the staff in continuing the company’s success has been a pleasure.”

“On behalf of the Board of Directors, our management team and all employees, we thank Suzanne for her dedication during our transition, and we wish her continuing success in her dynamic leadership role as CEO of Siebert Brandford Shank,” said Jane H. Macon, Chairwoman of Siebert Financial Corp. “The Siebert Financial team remains committed to providing superior customer service to our many clients, and maintaining the high standards and integrity established by our founder Mickie Siebert.”

Mickie Siebert, who became the first woman member of the New York Stock Exchange in 1967, built Siebert Financial Corp.’s reputation for integrity, quality, service, execution and sound business practices in the securities industry over 40 years.
 
Mr. Ramos has been Executive Vice President, Chief Financial Officer and Assistant Secretary of Siebert Financial since 2003 and Chief Financial Officer of Siebert, Brandford, Shank, & Co., L.L.C. since 2009. Prior to joining Siebert, he served as Chief Financial Officer of Internet Financial Services, Inc. from 1999 to 2002. Previously, Mr. Ramos served as Chief Financial Officer of Nikko Securities International, Inc. for nearly four years. Previous to that position, he worked at Cantor Fitzgerald for nine years, holding various accounting and management positions, the last as Chief Financial Officer of its registered broker-dealer based in Los Angeles. Mr. Ramos was an audit manager for Deloitte & Touche LLP, a public accounting firm from 1982 to 1987. He is a Certified Public Accountant licensed in the State of New York.
 
 
#                      #                      #
 
About Siebert Financial Corp.
Siebert Financial Corp. is a holding company which conducts all of its brokerage operations through Muriel Siebert & Co., Inc. The firm became a member of the New York Stock Exchange in 1967, when Ms. Siebert became the first woman to own a seat on the Exchange. Siebert Financial is based in New York City with additional retail branches in Boca Raton, FL, Beverly Hills, CA and Jersey City, NJ.

For more information, please contact:

Rubenstein Associates—Public Relations
Laura Hynes-Keller: W: 212-843-8095 M: 646-797-6992 E: lhynes@rubenstein.com