8-K 1 0001.txt FORM 8-K 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 ---------------- January 26, 2001 ---------------- Date of Report (Date of Earliest Event Reported) MAXCOR FINANCIAL GROUP INC. --------------------------- (Exact Name of Registrant as Specified in Charter) Delaware 0-25056 59-3262958 ---------------------------- ------------------------ ---------------- (State or Other Jurisdiction (Commission File Number) (I.R.S. Employer of Incorporation) Identification No.) Two World Trade Center New York, New York ---------------------- (Address of Principal Executive Offices) 10048 ---------- (Zip Code) (212) 748-7000 -------------- (Registrant's Telephone Number, Including Area Code) --------------------------- (Former Name or Former Address, if Changed Since Last Report) The Exhibit Index is on Page 4 Page 1 of 10 Pages ITEM 5. OTHER EVENTS On January 26, 2001, the registrant issued two press releases. The first announced that the registrant's Board of Directors had authorized the expansion of the registrant's existing stock repurchase program by up to an additional 787,869 shares, or 10% of the registrant's currently outstanding common stock. This authorization was in addition to the original May 2000 repurchase authorization of 833,744 shares (10% of the registrant's outstanding common stock at that time), which, as of January 22, 2001, had been completely utilized. The second press release announced that, based on preliminary and unaudited figures, the registrant expects to report a net operating profit of approximately $.02 per common share for its fourth quarter ended December 31, 2000, on revenues of approximately $36.6 million. By contrast, for the fourth quarter of 1999, the registrant reported a net operating loss of approximately ($0.14) per common share, on revenues of approximately $32.8 million On February 5, 2001, the registrant issued a press release announcing that its broker-dealer subsidiary had commenced offering its institutional customer base a brokerage service in U.S. Government Agency Debt. The release also noted that the new desk uses an automated broker interface developed by the registrant's Tradesoft Technologies affiliate. The registrant's press releases announcing the matters described above are attached hereto respectively as Exhibits 99.1, 99.2 and 99.3, and each such press release is hereby incorporated herein by reference. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS (c) EXHIBITS. 99.1 Press Release, dated January 26, 2001. 99.2 Press Release, dated January 26, 2001. 99.3 Press Release, dated February 5, 2001. Page 2 of 10 Pages 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. MAXCOR FINANCIAL GROUP INC. By: /s/ GILBERT SCHARF ------------------------------------- Name: Gilbert Scharf Title: Chairman of the Board, President and Chief Executive Officer Date: February 6, 2001 Page 3 of 10 Pages EXHIBIT INDEX EXHIBIT NO. DESCRIPTION PAGE NO. 99.1 Press Release, dated January 26, 2001 5 99.2 Press Release, dated January 26, 2001 7 99.3 Press Release, dated February 5, 2001 9 Page 4 of 10 Pages