-----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, UNOSbWP1iQJ6kcUeWEkCJD5GslnVSia6daxHQ5pc7QWzwrXBpAzxZVS6j5nIVa0F PPloVocPUKorX51p7cu59A== 0000200245-01-000001.txt : 20010123 0000200245-01-000001.hdr.sgml : 20010123 ACCESSION NUMBER: 0000200245-01-000001 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20010116 ITEM INFORMATION: FILED AS OF DATE: 20010117 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SALOMON SMITH BARNEY HOLDINGS INC CENTRAL INDEX KEY: 0000200245 STANDARD INDUSTRIAL CLASSIFICATION: SECURITY BROKERS, DEALERS & FLOTATION COMPANIES [6211] IRS NUMBER: 112418067 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-04346 FILM NUMBER: 1510132 BUSINESS ADDRESS: STREET 1: 388 GREENWICH ST STREET 2: 28TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10013 BUSINESS PHONE: 2128166000 MAIL ADDRESS: STREET 1: SEVEN WORLD TRADE CENTER STREET 2: 29TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10048 FORMER COMPANY: FORMER CONFORMED NAME: SALOMON INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: PHIBRO CORP DATE OF NAME CHANGE: 19820526 FORMER COMPANY: FORMER CONFORMED NAME: ENGELHARD MINERALS & CHEMICALS CORP DATE OF NAME CHANGE: 19811104 8-K 1 0001.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) January 16, 2001 ---------------------------------- SALOMON SMITH BARNEY HOLDINGS INC. (Exact name of registrant as specified in its charter) New York 1-4346 11-2418067 (State or other (Commission File Number) (IRS Employer jurisdiction of Identification No.) incorporation) 388 Greenwich Street, New York, NY 10013 (Address of principal executive offices) (Zip Code) (212) 816-6000 (Registrant's telephone number, including area code) SALOMON SMITH BARNEY HOLDINGS INC. Current Report on Form 8-K Item 5. Other Events Results of Operations (Unaudited) This report summarizes the results of operations of Salomon Smith Barney Holdings Inc. for the twelve month period ended December 31, 2000 and 1999 and provides certain additional financial information. Certain prior period amounts have been reclassified or restated to conform to current period presentation.
SALOMON SMITH BARNEY HOLDINGS INC. SELECTED FINANCIAL DATA (Unaudited, dollars in millions) December 31, ------------------ 2000 1999 ---- ---- Total stockholder's equity $ 11,039 $ 9,326 Total assets under fee-based management (1) $ 445,600 $ 395,900 Twelve Months Ended December 31, 2000 1999 Revenues: Commissions $4,375 $3,642 Investment banking 3,592 3,012 Asset management and administration fees 3,322 2,650 Principal transactions 2,706 2,562 Other 517 297 ------ ------ Total noninterest revenues 14,512 12,163 ------ ------ Interest and dividends 16,260 11,275 Interest expense 14,530 9,681 ------ ------ Net interest and dividends 1,730 1,594 ------ ------ Revenues, net of interest expense 16,242 13,757 ------ ------ Noninterest expenses: Compensation and benefits 8,193 6,847 Communications 648 504 Floor brokerage and other production 645 465 Occupancy and equipment 568 447 Advertising and market development 477 339 Professional services 332 259 Other operating and administrative expenses 633 643 Restructuring charge (credit) 4 (243) ------ ------ Total noninterest expenses 11,500 9,261 ------ ------ Income before income taxes and cumulative effect of change in accounting principle 4,742 4,496 Provision for income taxes 1,710 1,669 ------ ------ Income before cumulative effect of change in accounting principle 3,032 2,827 ------ ------ Cumulative effect of change in accounting principle (net of tax benefit of $12) - (15) ------ ------ Net income $3,032 $2,812 ====== ====== (1) Includes jointly managed assets of $71.6 million and $49.1 billion as of December 31, 2000 and 1999, respectively.
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. Date: January 17, 2001 SALOMON SMITH BARNEY HOLDINGS INC. By: /s/Michael J. Day Michael J. Day Controller -----END PRIVACY-ENHANCED MESSAGE-----