-----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, CS8sht/yMuItofwBIoVmNs1368GWN9UEOCJeVn355lP0kqfh/XrqbAeJ+NQHuXt4 wJ55qsc7jbcyzraacLj4Nw== 0000950144-04-003795.txt : 20040413 0000950144-04-003795.hdr.sgml : 20040413 20040413143002 ACCESSION NUMBER: 0000950144-04-003795 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040413 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20040413 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SUNTRUST BANKS INC CENTRAL INDEX KEY: 0000750556 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 581575035 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08918 FILM NUMBER: 04730370 BUSINESS ADDRESS: STREET 1: 919 E MAIN ST CITY: RICHMOND STATE: VA ZIP: 23219 BUSINESS PHONE: 8047827107 MAIL ADDRESS: STREET 1: 303 PEACHTREE ST N E CITY: ATLANTA STATE: GA ZIP: 30308 8-K 1 g88453e8vk.txt SUNTRUST BANKS, INC. - -------------------------------------------------------------------------------- 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): APRIL 13, 2004 SunTrust Banks, Inc. ----------------------------------------------------- (Exact name of registrant as specified in its charter) Georgia 001-08918 58-1575035 ----------------------- ----------------------- --------------------------------- (State of incorporation) (Commission File Number) (IRS Employer Identification No.)
303 Peachtree Street, N.E. 30308 Atlanta, Georgia ------------------ - --------------------------------------- (Zip Code) (Address of principal executive offices) Registrant's telephone number, including area code: 404-588-7165 - -------------------------------------------------------------------------------- ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits. The following exhibit is furnished herewith. Exhibit No. 99.1 Press release. ITEM 9. REGULATION FD DISCLOSURE. SunTrust Banks, Inc. (the "Company") issued the press release furnished as Exhibit 99.1 hereto announcing the execution of a definitive agreement to purchase substantially all of the assets of Seix Investment Advisors, Inc. The information in the preceding paragraph, as well as Exhibit 99.1 referenced therein, shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filings under the Securities Act of 1933, as amended. 2 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Current Report on Form 8-K to be signed on its behalf by the undersigned, hereunto duly authorized. Date: April 13, 2004 SUNTRUST BANKS, INC. By: /s/ Kimberly N. Rhodes ---------------------- Kimberly N. Rhodes Vice President 3 EX-99.1 3 g88453exv99w1.txt EX-99.1 PRESS RELEASE EXHIBIT 99.1 News - -------------------------------------------------------------------------------- (SUNTRUST LOGO) For Immediate Release April 13, 2004 SUNTRUST'S TRUSCO CAPITAL ACQUIRES SEIX INVESTMENT ADVISORS Combined Organization to Rank Among Nation's Top Institutional Money Managers ATLANTA - SunTrust Banks, Inc. (NYSE: STI), the holding company for Trusco Capital Management, Inc. ("Trusco") announced today that Trusco has signed a definitive agreement to acquire Seix Investment Advisors ("Seix"), one of the leading institutional fixed income boutiques in the country with over $17 billion in assets under management. The addition of Seix will bring total SunTrust assets under management to $117 billion. Based on current industry rankings, the combined organization will be one of the 30 largest managers of institutional assets and one of the five largest managers of endowment and foundation assets in the country. "Broadening our institutional asset management capabilities is a key strategic priority for SunTrust. The acquisition of Seix is a significant step in line with that priority," said L. Phillip Humann, SunTrust chairman, president and CEO. Mr. Humann said the structure of the transaction announced today "reflects our recognition of the fact that Seix is a premier company with recognized fixed income expertise and exceptional growth characteristics." "My partners and I are thrilled to join forces with SunTrust and Trusco," said Christina Seix, CFA, chairman and chief investment officer of Seix Investment Advisors. "Like Seix Advisors, SunTrust and Trusco are known for integrity, honesty and quality. This combination will have real benefits to our clients, the most tangible one being the continued stability in our talented professional team. Our clients will experience no change in the people, investment style, processes and service they have come to value over the years. A combination of long-term employment agreements and a multi-year retention pool ensures that the team we have carefully assembled over the past 12 years will remain intact and motivated long into the future." -more- 2 "The Seix fixed income team is talented, experienced and highly competitive. Importantly, this is also a great cultural fit as the Seix team, like Trusco, is focused on strict adherence to their investment disciplines, sound fundamental investment research and quality client service. We look forward to combining their expertise in high grade and high yield investing with our own capabilities to further serve our clients and to continue to successfully grow the business," said Douglas S. Phillips, CFA, president, chief executive officer, and chief investment officer of Trusco Capital Management. Seix will operate as a separate institutional fixed income boutique under the Seix name, maintain its headquarters in Woodcliff Lake, N.J., and continue to service its current client base. Ms. Seix will continue in her current role as chairman and chief investment officer. About Trusco Capital Management Inc. Trusco Capital Management, Inc with over $50 billion of assets under management, provides customized investment management to a growing client base that includes endowments, foundations, corporations, healthcare organizations, municipalities, public funds, associations, insurance companies, labor unions and high net worth individuals. Trusco employs specialists in a wide variety of investment disciplines including liquidity management, fixed income and equity management. In addition, the firm serves as the investment adviser to the STI Classic Mutual Fund family. Trusco Capital Management is an SEC Registered Investment Adviser headquartered in Atlanta, Ga. For more information about Trusco visit www.truscocapital.com. About Seix Investment Advisors, Inc. Seix Investment Advisors, Inc. is one of the leading institutional fixed income managers in the country with over $17.0 billion in assets under management. The firm provides core, core plus, high yield and customized fixed income solutions to institutional clients including endowments, foundations, corporations, healthcare organizations, municipalities, public funds, associations, insurance companies, labor unions and high net worth individuals. Seix Investment Advisors is located in Woodcliff Lake, New Jersey just outside of New York City. Seix Investment Advisors is an SEC Registered Investment Adviser. For more information regarding the firm please visit www.seixadvisors.com. -more- 3 About SunTrust Banks, Inc. SunTrust Banks, Inc., headquartered in Atlanta, Georgia, is one of the nation's largest commercial banking organizations. As of March 31, 2004 SunTrust had total assets of $125.2 billion and total deposits of $80.9 billion. The company operates through an extensive distribution network primarily in Florida, Georgia, Maryland, Tennessee, Virginia and the District of Columbia and also serves customers in selected markets nationally. Its primary businesses include deposit, credit, trust and investment services. Through various subsidiaries the company provides credit cards, mortgage banking, insurance, brokerage and capital markets services. SunTrust's Internet address is www.suntrust.com. ### This press release may contain forward-looking statements, as defined by federal securities law, which involve significant risks and uncertainties. Actual results could differ materially from those contained in or implied by such statements for a variety of reasons including, but not limited to: changes in interest rates; changes in accounting principles, policies, or guidelines; significant changes in the economic scenario: significant changes in regulatory requirements; and significant changes in securities markets. SunTrust does not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made. Any such statements are made in reliance on the safe harbor protections provided under the Private Securities Act of 1995. For further information regarding SunTrust, please read the SunTrust reports filed with the SEC and available at www.sec.gov. -----END PRIVACY-ENHANCED MESSAGE-----