0000720672-11-000082.txt : 20110609 0000720672-11-000082.hdr.sgml : 20110609 20110609070350 ACCESSION NUMBER: 0000720672-11-000082 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20100608 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20110609 DATE AS OF CHANGE: 20110609 FILER: COMPANY DATA: COMPANY CONFORMED NAME: STIFEL FINANCIAL CORP CENTRAL INDEX KEY: 0000720672 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] IRS NUMBER: 431273600 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09305 FILM NUMBER: 11902107 BUSINESS ADDRESS: STREET 1: ATTN: JAMES G. LASCHOBER STREET 2: 501 N. BROADWAY CITY: ST. LOUIS STATE: MO ZIP: 63102-2102 BUSINESS PHONE: 314-342-2000 MAIL ADDRESS: STREET 1: ATTN: JAMES G. LASCHOBER STREET 2: 501 N. BROADWAY CITY: ST. LOUIS STATE: MO ZIP: 63102-2102 8-K 1 rformv8vk.htm FORM 8-K
 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 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): June 8, 2011

 

STIFEL FINANCIAL CORP.

(Exact name of registrant as specified in its charter)

 

Delaware
(State of incorporation)

001-09305
(Commission File Number)

43-1273600
(IRS Employer
Identification No.)

 

One Financial Plaza

501 North Broadway

St. Louis, Missouri 63102-2102

(Address of principal executive offices, including zip code)

 

(Registrant's telephone number, including area code) (314) 342-2000

 

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 (see General Instruction A.2. below):

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 8.01  Other Events.

On June 8, 2011, Stifel Financial Corp. (the "Company") (NYSE: SF) announced that it entered into a strategic alliance with Miller Buckfire & Co. LLC ("Miller Buckfire"), whereby the Company will invest $40 million for Senior Preferred interests in Miller Buckfire. This transaction is expected to close in the second quarter subject to regulatory approvals.

A copy of the press release is attached as exhibit 99.1 hereto and is incorporated herein by reference.

The information in Item 8.01 of this Report, including the information contained in Exhibit 99.1, shall be deemed "furnished" and shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such filing.

The information contained in this Current Report on Form 8-K as Exhibit 99.1 contains certain statements that may be deemed to be "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements in this report not dealing with historical results are forward-looking and are based on various assumptions. The forward-looking statements in this report are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by the statements. The material factors and assumptions that could cause actual results to differ materially from current expectations include, without limitation, the following: the inability to complete the investment transaction due to the failure to obtain requisite approvals of the transaction, including required regulatory approvals; the failure of the transaction to close for any other reason, or to close in a timely manner; the effect of the announcement of the strategic investment on Stifel's or Miller Buckfire's respective business relationships and business generally; or the possibility that the anticipated benefits of the strategic investment will not be realized, or will not be realized within the expected time period. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made. The Company disclaims any intent or obligation to update these forward-looking statements.

Item 9.01   Financial Statements and Exhibits.

 

(d)

Exhibits.

 

Exhibit Number

Description of Exhibit

 

 

99.1

Press release dated June 8, 2011.

 

 2


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.

 

 

 

STIFEL FINANCIAL CORP.

 

 

 

 

 

 

Date: June 9, 2011

By:

/s/ Ronald J. Kruszewski

 

 

Ronald J. Kruszewski

 

 

President and Chief Executive Officer

 

 

 

3


EXHIBIT INDEX

 

Exhibit Number

Description of Exhibit

   

99.1

Press release dated June 8, 2011.

 

 

 

4


 

EX-99.1 2 rexv99x1.htm EX-99.1 rexv99x1

Exhibit 99.1

 


 

 

FOR IMMEDIATE RELEASE

STIFEL FINANCIAL AND MILLER BUCKFIRE ENTER INTO STRATEGIC ALLIANCE

Stifel Financial to Make $40 Million Senior Preferred Investment in Miller Buckfire  

Strategic Alliance to Broaden Reach of Stifel's Capital Markets Capabilities and Miller Buckfire's Restructuring Advisory Expertise for Benefit of Both Firms and Their Clients; Stifel and Miller Buckfire Will Continue to Operate Independently

St. Louis and New York, June 8, 2011 - Stifel Financial Corp. (NYSE: SF), a full-service investment banking and wealth management firm, and Miller Buckfire & Co. LLC, a leading investment banking firm, today announced that they have entered into a strategic alliance whereby Stifel Financial will invest $40 million for Senior Preferred interests in Miller Buckfire.  The two firms will broaden their offerings by making Miller Buckfire's restructuring advisory capabilities available to Stifel's clients and Stifel's capital markets expertise available to Miller Buckfire's clients.  Stifel and Miller Buckfire will continue to operate independently under their existing structures.

"We have long admired the Miller Buckfire team, whose highly specialized services fit well as part of our overall strategy of expanding our investment banking capabilities," said Stifel Financial Chairman, President, and Chief Executive Officer Ronald J. Kruszewski.  "Both of our firms are based upon fostering an entrepreneurial environment where client interests are paramount, and as a result, we are confident our expertise will be mutually beneficial to both firms and our clients.  We have structured our alliance to promote significant collaboration, and all of us at Stifel are excited to work with our new partners at Miller Buckfire."

"Our strategic alliance with Stifel is testament to the strong momentum we have built in our core franchise and optimally positions us for the next restructuring cycle, which we believe will be more focused on capital markets solutions," said Miller Buckfire Chief Executive Officer and Managing Director Kenneth A. Buckfire.  "We also will benefit from the strategic investment, which will enable us to continue to recruit and retain the very best senior restructuring bankers.  We move forward with an enhanced capital base and a very strong and broad capital markets partner, while retaining our independence and our distinctive brand in the marketplace."

Stifel Co-Head of the Institutional Group Victor J. Nesi will join Miller Buckfire's Board of Directors, and Miller Buckfire Chairman Henry S. Miller will be a senior advisor to Stifel.  This transaction is expected to close in the second quarter subject to regulatory approvals.

"I am extremely proud of Miller Buckfire's performance and success since our founding in 2002," said Mr. Miller.  "I am confident that the relationship with Stifel will build on this foundation as we see opportunities for growth.  Stifel is one of the premier capital markets firms in the business, and my colleagues and I are pleased to have formed a strategic alliance with them."


 

"Miller Buckfire has worked on some of the most complex financial restructurings in recent memory, including those of Dana, General Growth Properties, and Calpine," said Mr. Nesi.  "What has always set Henry, Ken, and their team apart is their ability to understand their clients' unique situations and craft innovative solutions to address their clients' needs.  This defining characteristic fits well with Stifel's own culture and approach to doing business, and we're confident that our two firms will work well together for the mutual benefit of our two client networks."

Stifel Financial Company Information

Stifel Financial Corp. (NYSE: SF) is a financial services holding company headquartered in St. Louis, Missouri that conducts its banking, securities, and financial services business through several wholly owned subsidiaries. Stifel clients are primarily served in the U.S. through 312 offices in 44 states and the District of Columbia through Stifel, Nicolaus & Company, Incorporated and Thomas Weisel Partners LLC, and in Canada through Stifel Nicolaus Canada Inc. Clients in the United Kingdom and Europe are served through offices of Stifel Nicolaus Limited and Stifel Nicolaus Europe Limited (formerly Thomas Weisel Partners International Limited). Each of the broker-dealer affiliates provides securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, professional money managers, businesses, and municipalities. Stifel Bank & Trust offers a full range of consumer and commercial lending solutions. To learn more about Stifel, please visit the company's web site at www.stifel.com.

Miller Buckfire Company Information

Miller Buckfire & Co., LLC, is a leading investment banking firm.  Miller Buckfire provides high-level strategic advice to many of the largest corporations and leading private equity firms in the United States and Europe.  Miller Buckfire provides a full range of investment banking advisory services, including financial restructuring, mergers and acquisitions, and debt and equity placements.  For more information, please see the firm's web site at www.millerbuckfire.com.

Financial and Legal Advisors

Stifel, Nicolaus & Company, Incorporated served as financial advisor to Stifel Financial Corp., and Bryan Cave LP served as legal advisor to the company.  Nicholas J. Sheumack of SGMA (a division of First New York Securities, LLC) provided strategic advice to Miller Buckfire, and Debevoise & Plimpton LLP provided legal advice.

2


 

Forward-Looking Statements

The information contained in this Current Report on Form 8-K as Exhibit 99.1 contains certain statements that may be deemed to be "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements in this report not dealing with historical results are forward-looking and are based on various assumptions. The forward-looking statements in this report are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in or implied by the statements. The material factors and assumptions that could cause actual results to differ materially from current expectations include, without limitation, the following: the inability to complete the investment transaction due to the failure to obtain requisite approvals of the transaction, including required regulatory approvals; the failure of the transaction to close for any other reason, or to close in a timely manner; the effect of the announcement of the strategic investment on Stifel's or Miller Buckfire's respective business relationships and business generally; or the possibility that the anticipated benefits of the strategic investment will not be realized, or will not be realized within the expected time period. The Company does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made. The Company disclaims any intent or obligation to update these forward-looking statements.

 

Stifel Investor Relations Contact

Sarah Anderson

(415) 364-2500

Miller Buckfire Contact

Chuck Dohrenwend or Dana Gorman

The Abernathy MacGregor Group

(212) 371-5999

 

3


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