-----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, UAeXM6VoTlgPyUvrIjvNdyqnRjCjgZS2Ct+jB9EztbfQ1i/aaqjpKR0vWZNNkwVp RZV5GYqie0oPeR2gu3Z1HA== 0001019056-03-000376.txt : 20030430 0001019056-03-000376.hdr.sgml : 20030430 20030430171743 ACCESSION NUMBER: 0001019056-03-000376 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030430 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20030430 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MAXCOR FINANCIAL GROUP INC CENTRAL INDEX KEY: 0000931707 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] IRS NUMBER: 593262958 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-25056 FILM NUMBER: 03674131 BUSINESS ADDRESS: STREET 1: TWO WORLD TRADE CTR STREET 2: 84TH FL CITY: NEW YORK STATE: NY ZIP: 10048 BUSINESS PHONE: 2127487000 MAIL ADDRESS: STREET 1: TWO WORLD TRADE CENTER STREET 2: 84TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10048 FORMER COMPANY: FORMER CONFORMED NAME: FINANCIAL SERVICES ACQUISITION CORP /DE/ DATE OF NAME CHANGE: 19941020 8-K 1 maxcor_8k.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 ---------------- April 30, 2003 --------------------------- 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 I.R.S. Employer of Incorporation) Number) Identification No.) One Seaport Plaza, 19th Floor New York, New York -------------------------------- (Address of Principal Executive Offices) 10038 -------------- (Zip Code) (646) 346-7000 ---------------------------------- (Registrant's Telephone Number, Including Area Code) One New York Plaza New York, New York 10292 ------------------------------------------ (Former Name or Former Address, if Changed Since Last Report) The Exhibit Index is on Page 4 Page 1 of 5 Pages Item 7. Financial Statements, Pro Forma Financial Information and Exhibits (c) Exhibits. 99.1 Letter to Stockholders, dated April 30, 2003. Item 9. Regulation FD Disclosure In connection with the Registrant's 2003 Annual Meeting of Stockholders, to be held June 5, 2003, the Registrant began mailing today to all stockholders of record as of April 25, 2003 a copy of the Registrant's Proxy Statement for the 2003 Annual Meeting and a copy of the Registrant's 2002 Annual Report. Attached as Exhibit 99.1 hereto is a Letter to Stockholders that was included as part of the 2002 Annual Report. The furnishing of the Letter to Stockholders as an exhibit to this Report is not to be deemed an admission that the letter contains material information that is required to be publicly disclosed in the manner contemplated by Regulation FD Rule 101(e)(2). Page 2 of 5 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/ ROGER SCHWED ------------------------------------ Name: Roger Schwed Title: Executive Vice President and General Counsel Date: April 30, 2003 Page 3 of 5 Pages EXHIBIT INDEX Exhibit No. Description Page No. - ---------- ----------- -------- 99.1 Letter to Stockholders, dated April 30, 2003 5 Page 4 of 5 Pages EX-99.1 3 ex99_1.txt EXHIBIT 99.1 Exhibit 99.1 ------------ [graphic logo omitted] Maxcor April 30, 2003 Dear Fellow Stockholders: Our strategy in 2002 was to focus on diversification and adding new businesses, in addition to working to rebuild and increase market share in our existing businesses. We were able to attract some outstanding professionals to help us in these efforts. In New York, we opened a U.S. Treasury brokerage desk, launched institutional sales and trading operations in both equities and convertible securities, and brought aboard a well-respected leveraged finance group. In London, we launched a new credit derivatives desk. These and other initiatives still underway are designed to complement our existing businesses, intelligently leverage our infrastructure and provide us with a strategic presence in new areas of growth and opportunity. We take pride in highlighting some of our significant financial achievements in 2002: o Our revenues grew by 10%, from $154.8 million in 2001 to $170.6 million in 2002; o Our net income grew by almost 40%, from $9.0 million in 2001 to $12.5 million in 2002; and o Our per share book value increased by almost 35%, from $4.88 at year-end 2001 to $6.56 at year-end 2002, on the heels of a 40% increase the prior year. On March 1, 2003, we completed our move to new permanent headquarters in lower Manhattan, on the 18th and 19th floors at One Seaport Plaza. After 17 months in temporary offices following the terrorist attack on the World Trade Center, where we used to occupy the 84th floor, we are thankful finally to have a home to call our own again. Our new offices keep us in the heart of New York's financial district and restore us to a top-notch working environment. The relocation marks an important milestone for us in our recovery from September 11th - a recovery that has been nothing short of remarkable. That we write to you today as part of a vigorous and profitable company is a testament to the extraordinary willpower and determination that everyone at our firm has demonstrated. We are deeply grateful to all of our employees and staff for their hard work and perseverance, as well as to our business partners and clients for their continued loyalty and support. We are moving ahead, but we will not forget. We will remember always the 61 members of our Maxcor and Euro Brokers family who were killed in the attack. In their honor, we are incorporating a specially-commissioned memorial wall into the main reception area of our new offices. We will also hold our second annual charity day next month to raise additional monies to help their families through The Euro Brokers Relief Fund. For 2003, we are mindful of the challenges of current global and economic uncertainty, and an increasingly competitive marketplace, but we believe we are well-positioned to meet them. We will maintain our focus on growth that achieves bottom-line results and builds stockholder value. Thank you for your continued support. We will continue to do our utmost to justify your decision to invest in our people and our company. Very truly yours, /s/ GILBERT D. SCHARF /s/ KEITH E. REIHL - ----------------------------- ------------------------------- Gilbert D. Scharf Keith E. Reihl Chairman & C.E.O Chief Operating Officer Page 5 of 5 Pages -----END PRIVACY-ENHANCED MESSAGE-----