UNITED
STATES
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): June 9, 2008
SIEBERT
FINANCIAL CORP.
(Exact name of registrant as specified in its charter)
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New York |
0-5703 |
11-1796714 |
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(State or other jurisdiction of |
(Commission File Number) |
(IRS Employer Identification |
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885 Third Avenue, New York, New York |
10022 |
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(Address of principal executive offices) |
(Zip Code) |
Registrant’s telephone number, including area code: (212) 644-2400
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(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):
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Written communications pursuant to Rule 425 under the Securities Act |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act |
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Item 8.01 |
Other Events. |
On June 9, 2008, the board of directors of Siebert Financial Corp. (the “Company”) declared a dividend of $.10 per share on the common stock of the Company, payable June 30, 2008, to shareholders of record at the close of business on June 23, 2008. Chairwoman Muriel F. Siebert has waived her right to receive the dividend in excess of the aggregate amount of dividend to be paid to other shareholders. As a result Ms. Siebert will receive a dividend of approximately $234,000 as compared to the amount of approximately $2,000,000 that would have been paid on her total holdings. The remaining waived amount of approximately $1,766,000 will be retained by the Company as capital available for use in its business. A copy of the press release issued by the Company on June 9, 2008 relating thereto is filed herewith as Exhibit 99.1
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Item 9.01 |
Financial Statements and Exhibits. |
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(d) |
Exhibits. |
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99.1 |
Press Release issued by Siebert Financial Corp., dated June 9, 2008. |
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.
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SIEBERT FINANCIAL CORP. |
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Date: June 9, 2008 |
By: |
/s/ Joseph M. Ramos, Jr. |
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Joseph M. Ramos, Jr. |
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Executive Vice President and Chief Financial Officer |