-----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, A4w55L+bQN0oClydduXrSmw6T4jSgqSvFNSmjQBgcq7uqaMvHIy293Pa0jVPo4cV wqgdjKf3la+6WwqpNJaAXg== 0000905148-05-002088.txt : 20050329 0000905148-05-002088.hdr.sgml : 20050329 20050329165406 ACCESSION NUMBER: 0000905148-05-002088 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20050329 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050329 DATE AS OF CHANGE: 20050329 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MORGAN STANLEY CENTRAL INDEX KEY: 0000895421 STANDARD INDUSTRIAL CLASSIFICATION: FINANCE SERVICES [6199] IRS NUMBER: 363145972 STATE OF INCORPORATION: DE FISCAL YEAR END: 1130 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-11758 FILM NUMBER: 05710251 BUSINESS ADDRESS: STREET 1: 1585 BROADWAY CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 2127614000 MAIL ADDRESS: STREET 1: 1221 SIXTH AVENUE STREET 2: 5TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10020 FORMER COMPANY: FORMER CONFORMED NAME: MORGAN STANLEY DEAN WITTER & CO DATE OF NAME CHANGE: 19980326 FORMER COMPANY: FORMER CONFORMED NAME: DEAN WITTER DISCOVER & CO DATE OF NAME CHANGE: 19960315 8-K 1 efc5-0881_5682419form8k.txt ============================================================================== 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 28, 2005 -------------------- Morgan Stanley (Exact name of registrant as specified in its charter) --------------------
Delaware 1-11758 36-3145972 (State or other jurisdiction of (Commission File Number) (IRS Employer incorporation) Identification No.) 1585 Broadway, New York, New York 10036 (Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 761-4000 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): |_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ============================================================================== Item 1.01. Entry into a Material Definitive Agreement. On March 28, 2005, Morgan Stanley (the "Company") announced that Mr. Stephen S. Crawford and Ms. Zoe Cruz have been named Co-Presidents of the Company. The Compensation Committee of the Board of Directors of the Company previously approved a 2005 annual base salary of $300,000 for each of Mr. Crawford and Ms. Cruz. For more information on the appointments, see Item 5.02(c) below. Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers. (c) On March 28, 2005, the Company announced that Mr. Stephen S. Crawford and Ms. Zoe Cruz have been named Co-Presidents of the Company, with responsibility for the Company's Institutional Securities, Individual Investor and Investment Management Groups. The Company's related press release is filed as Exhibit 99.1 to this Form 8-K and is incorporated by reference herein. Stephen S. Crawford, age 40, has been an Executive Vice President and the Chief Administrative and Risk Officer since March 2004, an Executive Vice President and the Chief Financial Officer from March 2001 to March 2004, an Executive Vice President and the Chief Strategic and Administrative Officer from June 2000 to March 2001 and a Managing Director of Morgan Stanley & Co. Incorporated since 1998. Zoe Cruz, age 50, has been the Head of the Fixed Income Division since September 2000 and the Co-Head of the Foreign Exchange Department from August 1993 to September 2000. See Item 1.01 above for terms of the employment arrangements between the Company and each of the Co-Presidents. Item 8.01. Other Events. On March 29, 2005, the Company announced that Mr. Vikram S. Pandit, President and Chief Operating Officer of the Company's Institutional Securities Group, and Mr. John P. Havens, Head of the Institutional Equity Division, have informed the Company that they have decided to leave the Company to pursue other endeavors. Mr. Joseph R. Perella has been appointed Vice Chairman of the Company and will report to Mr. Philip J. Purcell, the Company's Chairman and Chief Executive Officer. The new Head of the Company's Institutional Equity Division, Mr. Jerker Johansson, and the new Head of its Fixed Income Division, Mr. Neal Shear, will report to Mr. Crawford and Ms. Cruz. Item 9.01. Financial Statements and Exhibits. (c) Exhibits Exhibit Number Description ------ ----------- 99.1 Press Release, dated March 28, 2005, issued by Morgan Stanley. 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 thereunto duly authorized. MORGAN STANLEY (Registrant) By: /s/ Ronald T. Carman --------------------------------- Name: Ronald T. Carman Title: Assistant Secretary Date: March 29, 2005 EX-99.1 2 efc5-0881_emailexh991.txt Exhibit 99.1 ------------ Contact: Investor Relations Media Relations William Pike Ray O'Rourke 212-761-0008 212-761-4262 MorganStanley[LOGO] STEPHEN S. CRAWFORD AND ZOE CRUZ NAMED CO-PRESIDENTS OF MORGAN STANLEY NEW YORK - March 28, 2005: Morgan Stanley (NYSE:MWD) announced today that Stephen S. Crawford and Zoe Cruz have been named co-presidents of the firm, with responsibility for its Institutional Securities, Individual Investor and Investment Management Groups. They will report to Morgan Stanley Chairman and Chief Executive Officer Philip J. Purcell. Zoe Cruz is a 24-year veteran of Morgan Stanley's Institutional Securities Group. For the last five years she has led its Fixed Income Division to record levels of performance. Stephen S. Crawford has been with the Firm for 19 years, starting in its Investment Banking Division, where he specialized in advising financial institutions. Mr. Crawford was Morgan Stanley's Chief Financial Officer from 2001 to 2004 and, most recently, was the Firm's Chief Administrative and Risk Officer. "By combining our institutional, individual and investment management businesses under Steve and Zoe's leadership we are continuing the great investment banking traditions of Morgan Stanley and creating a securities firm without peer," said Mr. Purcell. The appointment of a new generation of leaders for our integrated securities businesses reaffirms our commitment to building long-lasting shareholder value." Neal Shear, head of Morgan Stanley's commodities business, will succeed Ms. Cruz as head of the Fixed Income Division. "We believe that this important reorganization of our key business units will help us raise our operating leverage across the firm and realize the full potential of Morgan Stanley's great franchise," said Mr. Purcell, "We are indeed fortunate that Zoe and Steve are assuming this leadership role and are taking on this important new mission. "In her long career in Fixed Income, our largest division, Zoe Cruz has built a remarkable record of effective and efficient use of the Firm's capital to produce exceptional results for our shareholders. Steve Crawford, having served as our chief strategy officer, chief financial officer and, most recently, chief risk officer, brings to bear a keen understanding of the strategic drivers of our business, an in-depth knowledge of the whole firm and an appreciation of how it will succeed in a changing global regulatory environment. Both Zoe and Steve share a tremendous optimism about the many opportunities that lie ahead for a fully integrated firm, and together with them, I look forward to completing the challenge of building Wall Street's most valuable franchise." Mr. Purcell said. Morgan Stanley is a global financial services firm and a market leader in securities, investment management and credit services. With more than 600 offices in 28 countries, Morgan Stanley connects people, ideas and capital to help clients achieve their financial aspirations. # # # -----END PRIVACY-ENHANCED MESSAGE-----