0000350797-01-500017.txt : 20011009
0000350797-01-500017.hdr.sgml : 20011009
ACCESSION NUMBER: 0000350797-01-500017
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20011002
ITEM INFORMATION: Acquisition or disposition of assets
ITEM INFORMATION: Financial statements and exhibits
FILED AS OF DATE: 20011002
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: EATON VANCE CORP
CENTRAL INDEX KEY: 0000350797
STANDARD INDUSTRIAL CLASSIFICATION: INVESTMENT ADVICE [6282]
IRS NUMBER: 042718215
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1031
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-08100
FILM NUMBER: 1750375
BUSINESS ADDRESS:
STREET 1: 255 STATE STREET
CITY: BOSTON
STATE: MA
ZIP: 02109
BUSINESS PHONE: 6174828260
MAIL ADDRESS:
STREET 1: 255 STATE STEET
STREET 2: 11TH FLOOR
CITY: BOSTON
STATE: MA
ZIP: 02109
8-K
1
evc8k1001.txt
EVC 8-K FOR ATLANTA AND FOX CLOSING
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): October 2, 2001
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EATON VANCE CORP.
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(Exact name of registrant as specified in its charter)
Maryland 1-8100 04-2718215
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
255 State Street, Boston, Massachusetts 02109
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (617) 482-8260
--------------
INFORMATION INCLUDED IN THE REPORT
Item 2. Acquisition of Assets
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Registrant has completed its acquisitions of 80% of the equity of Fox
Asset Management, Inc. and of 70% of the equity of Atlanta Capital Management
Company, LLC, as described in Registrant's news release dated October 2, 2001, a
copy of which is filed herewith as Exhibit 99.6 and incorporated herein by
reference.
Item 7. Financial Statements and Exhibits
Financial Statements of Fox Asset Management, Inc. and of Atlanta
Capital Management Company, LLC are not required to be included herein pursuant
to Section 3.05(b)(2)(i) of Regulation S-X.
SIGNATURES
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.
EATON VANCE CORP.
(Registrant)
Date: October 2, 2001
-------------------- -----------------------------------------
William M. Steul, Chief Financial Officer
EXHIBIT INDEX
Each exhibit is listed in this index according to the number assigned to it
in the exhibit table set forth in Item 601 of Regulation S-K. The following
exhibit is filed as part of this report:
Exhibit No. Description
----------- -----------
99.6 Copy of registrant's news release dated October 2, 2001.
NEWS RELEASE
Eaton Vance Corp.
The Eaton Vance Building
255 State Street, Boston, MA 02109
(617) 598-8036
Contact: Meg Pier
For Immediate Release
EATON VANCE ANNOUNCES COMPLETION OF
ATLANTA CAPITAL AND FOX ASSET MANAGEMENT ACQUISITIONS
(October 2, 2001) BOSTON-- Eaton Vance Corp., a Boston-based investment
management firm, today announced the completion of the acquisition of Atlanta
Capital Management Company, LLC, based in Atlanta, Georgia, and Fox Asset
Management, based in Little Silver, NJ, effective September 30, 2001. The
acquisitions have increased Eaton Vance's current assets under management by
approximately 17 percent to $54.6 billion. Atlanta Capital and Fox are leading
institutional investment management firms with $6.1 billion and $1.8 billion in
assets under management, respectively. Atlanta Capital and Fox have become
subsidiaries of Eaton Vance Corp., functioning as distinct business units in
their present locations under the current managements of their respective
organizations.
As previously announced, under the terms of the acquisition agreements, Eaton
Vance acquired 70 percent of Atlanta Capital for $75 million, paid 80 percent in
cash and 20 percent in Eaton Vance stock. Atlanta Capital's employees will
continue to hold 30 percent of the equity of Atlanta Capital, with the right to
sell to Eaton Vance the 30 percent interest over a five-year period beginning in
2005. Eaton Vance will have the right to purchase the 30 percent minority
interest in two stages in 2007 and 2009. The price for acquiring the 30 percent
interest will be based on a multiple of earnings before interest and taxes in
those years. Eaton Vance acquired 80 percent of Fox Asset Management for an
initial payment of $32 million in cash and Eaton Vance stock, and payments in
2005 and 2006 of up to $30 million, contingent upon certain financial
performance criteria. Under the terms of the agreement, Fox's principals will
continue to hold 20 percent of the equity of Fox through 2006. Beginning in
2007, Fox's principals will have the right to sell and Eaton Vance will have the
right to purchase the remaining 20 percent over a five-year period. Payments for
the remaining 20 percent of the equity of Fox will be based on a multiple of
earnings before interest and taxes in those years.
Eaton Vance is traded on the New York Stock Exchange under the symbol EV.
This news release contains statements that are not historical facts, referred to
as "forward looking statements." Eaton Vance's actual future results may differ
significantly from those stated in any forward looking statements, depending
upon factors discussed in Eaton Vance's Annual Report or Form 10-K for the
fiscal year ended October 31, 2000 and its Quarterly Reports on Form 10-Q,
including market and other economic conditions.
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