0001437749-11-005826.txt : 20110811 0001437749-11-005826.hdr.sgml : 20110811 20110811161653 ACCESSION NUMBER: 0001437749-11-005826 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20110811 ITEM INFORMATION: Results of Operations and Financial Condition ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110811 DATE AS OF CHANGE: 20110811 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PAULSON CAPITAL CORP CENTRAL INDEX KEY: 0000704159 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] IRS NUMBER: 930589534 STATE OF INCORPORATION: OR FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-18188 FILM NUMBER: 111027963 BUSINESS ADDRESS: STREET 1: 811 SW NAITO PARKWAY STREET 2: SUITE 200 CITY: PORTLAND STATE: OR ZIP: 97204 BUSINESS PHONE: 5032436000 MAIL ADDRESS: STREET 1: 811 SW NAITO PARKWAY STREET 2: SUITE 200 CITY: PORTLAND STATE: OR ZIP: 97204 8-K 1 pcc_8k-081111.htm FORM 8-K pcc_8k-081111.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: August 11, 2011
(Date of earliest event reported)
 
Paulson Capital Corp.
(Exact name of registrant as specified in its charter)
 
OR
(State or other jurisdiction
of incorporation)
0-18188
(Commission File Number)
93-0589534
(IRS Employer
Identification Number)
 
811 SW Naito Pkwy., Ste. 200
(Address of principal executive offices)
  
97204
(Zip Code)
 
503-243-6000
(Registrant's telephone number, including area code)
 
Not Applicable
(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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
 
 
 
 
 
Item 2.02. Results of Operations and Financial Condition
 
Paulson Capital Corp. Reports Second Quarter 2011 Results
 
Item 9.01. Financial Statements and Exhibits
 
(a) Financial statements:
            None
 
(b) Pro forma financial information:
            None
 
(c) Shell company transactions:
            None
 
(d) Exhibits
            99.1       Press Release of Paulson Capital Corp. dated August 11, 2011
 
 
 
 
 
SIGNATURE
 
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.

 
Dated: August 11, 2011
PAULSON CAPITAL CORP.
 
By:  /s/ Murray G. Smith                   
     Murray G. Smith
     Chief Financial Officer
 
 
 
 
 
 
Exhibit Index
 
Exhibit No.
Description
99.1
Press Release of Paulson Capital Corp. dated August 11, 2011

 
 
 EX-99.1 2 ex99-1.htm PRESS RELEASE ex99-1.htm
Exhibit 99.1
 
 
PAULSON CAPITAL CORP. REPORTS
SECOND QUARTER 2011 RESULTS

PORTLAND, OR – August 11, 2011

Paulson Capital Corp. (Nasdaq: PLCC), parent company of Paulson Investment Company, Inc., today reported a net loss of $2,362,021 (or ($0.41) per share) for the three months ended June 30, 2011 versus a loss of $377,712 (or ($0.06) per share) for June 30, 2010.  Revenues for June 30, 2011 totaled $2,575,434 versus $4,758,722 for the same period in 2010.
 
Chester L.F. Paulson, Chairman, stated:
 
“The problems in the global economy continue to plague small cap issues. Although we attempt to match operating costs with activity levels, many of our expenses are either fixed or difficult to change on short notice.  Accordingly fluctuations in trading, retail and corporate finance revenues tend to result in sharper fluctuations in net income or loss.”
 
Paulson Capital Corp. is the parent company of Paulson Investment Company, Inc. Located in Portland, Oregon, Paulson Investment Company is the Northwest’s largest independent brokerage firm and a national leader in public offerings of small and emerging growth companies with capital needs of $5 million to $45 million.  Founded by Chet Paulson in 1970, it has managed or underwritten more than 165 public offerings and has generated more than $1 billion for client companies.
 
This release may contain “forward-looking statements” based on current expectations but involving known and unknown risks and uncertainties.  Actual results of achievements may be materially different from those expressed or implied.  The Company’s plan and objectives are based on judgments with respect to future conditions in the securities markets as well as general assumptions regarding the economy and competitive environment in the securities industry, which can be volatile and out of our control.  In particular, we make assumptions about our ability to complete corporate finance transactions and increase the volume and size of our securities operations, which are difficult or impossible to predict accurately and often beyond the control of the Company.  Therefore, there can be no assurance that any forward-looking statement will prove to be accurate.
 
Contact: Chester L.F. Paulson – 503-243-6010