KBW, Inc. (NYSE: KBW) today filed a universal shelf Registration Statement on Form S-3 with the Securities and Exchange Commission. Because KBW is a well-known seasoned issuer (WKSI) the shelf registration is available for immediate use, but the Company does not have any immediate plans to use it to raise capital.
The registration statement enables KBW to sell, in one or more public offerings, shares of its common or preferred stock, or a variety of debt and other securities.
"While KBW has no current plan to raise capital, the universal shelf will benefit KBW and its stockholders by allowing us to access the public markets in order to facilitate and expedite opportunities for growth," said John Duffy, KBW's Chairman and CEO. "In addition, since our IPO, a significant portion of our outstanding common stock, owned by employees, has been subject to restrictions on transfer and sale. Those restrictions are scheduled to begin to expire shortly. The shelf may be used to effect a secondary offering of shares by some or all of these employees."
This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor, shall there be any sale of securities in any jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. Any offer of securities covered by the registration statement will be solely by means of a prospectus included in the registration statement and any prospectus supplement that may be issued with respect to such offering.
About KBW, Inc.
KBW, Inc., through its subsidiaries Keefe, Bruyette & Woods, Inc., Keefe, Bruyette & Woods Limited and KBW Asset Management, is a full service investment bank specializing in the North American and European financial services sectors. Founded in 1962, the firm is widely recognized as a leading authority in the banking, insurance, brokerage, asset management, mortgage banking, REIT and specialty finance sectors.
Statements in this press release that are not statements of historical or current fact constitute forward-looking statements. In some cases, you can identify these statements by words such as "may","might", "will","should", "expect","plan", "intend","anticipate", "believe","estimate", "predict","potential", or "continue", the negative of these terms and other comparable terminology. Such forward-looking statements, which are based on various underlying assumptions and expectations and are subject to risks, uncertainties and other unknown factors, may include projections of our future financial performance based on our growth strategies and anticipated trends in our business. These statements are only predictions based on our current expectations and projections about future events, and there are or may be important factors that could cause our actual results to be materially different from the historical results or from any future results expressed or implied by such forward-looking statements. These factors include, but are not limited to, those discussed under the caption "Risk Factors" in our annual report on Form 10-K , which is available at the Securities and Exchange Commission website at www.sec.gov. Unless required by law, we undertake no obligation to publicly update or revise any forward-looking statement to reflect circumstances or events after the date of this press release.