-----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, WKjfYxSD1ZHLyGf2q5ocGQWNsDwg9Ogi4SJn7Glna03pxAFuVCAA1ReUn9/AMyek i0HhPAoSX7FlddcyqkrJzw== 0000950123-00-002117.txt : 20000310 0000950123-00-002117.hdr.sgml : 20000310 ACCESSION NUMBER: 0000950123-00-002117 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000309 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000309 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MORGAN J P & CO INC CENTRAL INDEX KEY: 0000068100 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 132625764 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-05885 FILM NUMBER: 564776 BUSINESS ADDRESS: STREET 1: 60 WALL ST CITY: NEW YORK STATE: NY ZIP: 10260 BUSINESS PHONE: 2124832323 MAIL ADDRESS: STREET 1: 500 STANTON CHRISTIANA RD STREET 2: ATTN RANDY REDCAY CITY: NEWARK STATE: DE ZIP: 19713 8-K 1 J.P. MORGAN & CO. INCORPORATED 1 1 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) March 9, 2000 J.P. MORGAN & CO. INCORPORATED (Exact name of registrant as specified in its charter) DELAWARE 1-5885 13-2625764 (State or other juris- (Commission (IRS Employer diction of incorporation) File Number) Identification No.) 60 WALL STREET, NEW YORK, NEW YORK 10260-0060 (Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (212) 483-2323 ----------------------------------------------------------------- (Former name or former address, if changed since last report) - -------------------------------------------------------------------------------- 2 2 ITEM 5. OTHER EVENTS On March 9, 2000, the Registrant issued a press release announcing the introduction of LabMorgan, the firm's new e-finance unit. J.P. Morgan intends to commit up to $1 billion to electronic business initiatives in 2000, the majority of which will be invested as capital in promising ventures. A copy of such press release is filed herein as exhibit 99a. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS (a) Financial Statements NONE. (b) Pro Forma Financial Information NONE. (c) Exhibits 99a. Copy of press release of J.P. Morgan & Co. Incorporated dated March 9, 2000. 3 3 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. J.P. MORGAN & CO. INCORPORATED ------------------------------ (REGISTRANT) /s/ Grace B. Vogel ---------------------------- NAME: Grace B. Vogel TITLE: Chief Accounting Officer DATE: March 9, 2000 EX-99.A 2 COPY OF PRESS RELEASE OF J.P. MORGAN & CO. INC. 1 [JP MORGAN LETTERHEAD] News release: Immediate March 9, 2000 J.P. Morgan launches LabMorgan - new e-finance unit J.P. Morgan, a pioneer in launching web-based ideas and companies in the financial services sector, today introduced LabMorgan, the firm's new e-finance unit. Combining the capabilities of a classic incubator and early-stage merchant bank with the brand, financial market prowess, content, and client reach of J.P. Morgan, LabMorgan aims to be the destination of choice for entrepreneurs with innovative e-finance ideas and a hub of technological innovation within the firm. LabMorgan will partner with Morgan's other business groups to capture the flow of e-finance ideas inside and outside the firm, and build the best of them into scalable initiatives that benefit clients, shareholders, and financial markets. "We expect LabMorgan to be a catalyst for transformative global growth for J.P. Morgan, helping us expand our client franchise, drive capital markets innovation, and advance productivity," said Douglas A. Warner III, chairman. "With our long track record of building businesses, we bring compelling strengths to entrepreneurs, potential partners, clients, and our own people as they seek to create or realize market value," said Nick Rohatyn, head of LabMorgan. "We are looking to build and nurture e-finance ideas that will shape the future of financial services, expand our client base and the markets themselves, and commercialize our marketable technology infrastructure." In addition to Rohatyn, who founded and ran the firm's top-ranked global emerging markets business and recently oversaw the broader credit markets business, Morgan is committing the full-time talents of six other managing directors to the unit at launch: Jeanne Feldhusen, Thorkild Juncker, Arthur Magnus, Peter Maillet, Peter Miller, and Phil Weisberg. During 2000, LabMorgan plans to build a staff of nearly 200 professionals globally, including external and internal hires, who will screen and accelerate ideas, identify partners, commit capital, and support idea launches. The unit will be cost-neutral to the firm's planned expenses. J.P. Morgan intends to commit up to $1 billion to electronic business initiatives in 2000, the majority of which will be invested as capital in promising ventures. "We are building LabMorgan from a strong platform of successful e-finance initiatives and investments already underway," said Rohatyn, "and expect to launch more over the next several weeks." Since June 1999, Morgan has formed Cygnifi, the first web-based independent derivatives services - ------------------------------------------------------------------------------- Press contacts: New York Michael Golden 1-212-235-0595 London Eileen Darko 44-171-325-5755 Tokyo Shuri Fukunaga 813-5573-1228 2 J.P. Morgan & Co. Incorporated News Release Page 2 company; MarketAxess, a multi-dealer bond trading portal; Horizon, a web-based risk assessment tool jointly marketed with Ernst & Young; VolCenter, a portal for foreign exchange and precious metals derivatives traders; and FpML, a web-based protocol for exchanging information between derivatives dealers and users. LabMorgan's web address is www.labmorgan.com. # # # J.P. Morgan & Co. Incorporated is a leading global financial services firm that meets critical financial needs for business enterprises, governments, and individuals. The firm advises on corporate strategy and structure, raises capital, makes markets in financial instruments, and manages investment assets. Morgan also commits its own capital to promising enterprises, and invests and trades to capture market opportunities. The company's web address is www.jpmorgan.com. -----END PRIVACY-ENHANCED MESSAGE-----