Siebert Financial Corp. (Nasdaq:SIEB) and Kennedy Cabot
Acquisition, LLC today announced the dedication of Siebert Hall at
the New York Stock Exchange (NYSE) in honor of the late Muriel F.
“Mickie” Siebert, who became the first woman to both own a seat on
the NYSE and head one of its member firms, Muriel Siebert &
Co., Inc., on December 28, 1967.
Jane Macon, Chair of Siebert Financial Corp. said, “Mickie liked
to say that she came to New York City ‘with $500 and a used
Studebaker.’ She overcame tremendous challenges to become a
legendary Wall Street trailblazer, recognized as the ‘First Woman
of Finance.’ We are delighted Mickie’s contributions have been
acknowledged by the NYSE in such a historic way.”
The dedication of Siebert Hall is the first time a room at the
NYSE, designated a National Historic Landmark in 1978, has been
named after an individual.
Hosted by Tom Farley, NYSE Group President, the room features
memorabilia from Mickie Siebert’s career gifted to the NYSE by the
Estate of Muriel F. Siebert.
“When Mickie became the first female member of the NYSE in 1967,
she shattered a glass ceiling on Wall Street,” said Farley. “So,
when it came time to dedicate our newly-renovated meeting hall - a
contemporary counterpart to our more traditional Boardroom - the
progressive and ground-breaking Mickie was the obvious choice.”
Gloria E. Gebbia, owner and managing member of Kennedy Cabot
Acquisition said, “Mickie Siebert was courageous, savvy and
pioneering, both as a woman and as a business person. My family and
I are proud and humbled to continue her professional and charitable
legacy. We believe she would be very pleased that the Gebbia family
shares her passion for worthwhile causes.”
Muriel Siebert, who died in 2013, was also a pioneer in the
discount brokerage field, transforming her firm into a discount
brokerage in 1975 on the first day NYSE members were allowed to
negotiate commissions. In 1977, she put her firm in a blind trust
to serve as New York State’s first woman Superintendent of Banking
for five years, and under her watch, not a single banking
institution failed.
Throughout her career, Muriel Siebert was actively involved with
a wide range of non-profit, civic and women’s organizations. In
keeping with her personal vision, she worked tirelessly throughout
her career to promote financial literacy.
Among Muriel Siebert’s many achievements, through the Muriel F.
Siebert Foundation she focused on the development of the "Siebert
Personal Finance Program: Taking Control of Your Financial Future,”
a financial literacy program which has improved the lives of
innumerable middle and high school students and adults by teaching
them essential financial skills.
Muriel Siebert, who attended, but did not graduate from what is
now known as Case Western Reserve University in her home town of
Cleveland, Ohio, was awarded approximately twenty honorary
doctorates and received multiple other awards and honors throughout
her life.
She was described by the Encyclopedia Britannica as an “American
business executive whose successful ventures in the realm of high
finance helped expand opportunities for women in that field.”
Muriel Siebert was chosen by Scholastic Inc., for its compendium,
“100 People Who Changed America.” Other honors include the National
Association of Women Business Owners First Signature Award for
Lifetime Achievement as a pioneering women’s business owner; the
National Museum of Women in the Arts which saluted her as a pioneer
who has broken ground for women in civil society; and,
acknowledgement from the Center for Educational Innovation-Public
Education Association (CEI-PEA) for promoting financial literacy.
Muriel Siebert was inducted into Junior Achievement’s U.S. Business
Hall of Fame in 2009 and is featured in the “Women and Wall Street”
permanent collection exhibit at the Museum of American Finance.
As the first woman selected as "one who has made a difference"
for the Working Women's Hall of Fame, she was inducted into the
National Women's Hall of Fame and The International Women's Forum
International Hall of Fame. Muriel Siebert received The Athena
Foundation's highest award given to those “who open the doors of
leadership opportunity for women.” Among other honors, she received
the Pride of New York Award, and, for championing financial
literacy, both the First Lifetime Achievement Award from the New
Jersey Coalition for Financial Education and the Eleanor Roosevelt
Val-Kill Medal Award.
Muriel Siebert was widely interviewed on subjects pertaining to
the financial system and markets. She testified on behalf of
individual investors before Congress and her opinion was requested
by the White House and policymakers at the highest levels of the US
government on many substantive issues related to the financial
services system and economy.
In November 2002, Simon and Schuster published her
autobiography, Changing the Rules – Adventures of a Wall Street
Maverick.
About Siebert Financial Corp.
Siebert Financial is a holding company that conducts its retail
discount brokerage business through its wholly-owned subsidiary,
Muriel Siebert & Co., Inc. The firm became a member of the NYSE
in 1967, when Ms. Siebert became the first woman to own a seat on
the Exchange. In addition, in 2014 the Company began business as a
registered investment advisor through a wholly-owned subsidiary,
Siebert Investment Advisors, Inc. Siebert Financial is based in New
York City with additional retail branches in Boca Raton, FL and
Beverly Hills, CA. www.siebertnet.com
About Kennedy Cabot Acquisition
Kennedy Cabot Acquisition is a Nevada limited liability company.
The principals of Kennedy Cabot Acquisition have substantial
experience in the brokerage industry and are/were affiliates of
StockCross Financial Services, Inc. StockCross is a broker-dealer
member of FINRA with offices across the United States.
Cautionary note regarding forward-looking statements
This communication contains “forward-looking statements” (as
defined in the Securities Litigation Reform Act of 1995) regarding,
among other things, future events. Words such as “anticipate,”
“expect,” “intend,” “believe,” and words and terms of similar
substance used in connection with any discussion of future plans,
actions or events identify forward-looking statements.
Forward-looking statements relating to the proposed transactions
include, but are not limited to: statements about the benefits of
the proposed transactions; Siebert Financial’s and Kennedy Cabot
Acquisition’s plans, objectives, expectations and intentions; the
expected timing of completion of the proposed transactions; and
other statements relating to the transactions that are not
historical facts. Forward-looking statements are based on
information currently available to Siebert Financial and Kennedy
Cabot Acquisition, as the case may be, and involve estimates,
expectations and projections. Investors are cautioned that all such
forward-looking statements are subject to risks and uncertainties,
and important factors could cause actual events or results to
differ materially from those indicated by such forward-looking
statements. With respect to the proposed transactions between
Siebert Financial and Kennedy Cabot Acquisition, these risks and
factors could include, but are not limited to: securing regulatory
approval; the risk that a condition to closing may be delayed or
may not be satisfied; the diversion of management time on
transaction-related issues; changes in the general economic
environment, or social or political conditions, that could affect
the business of Siebert Financial and the Broker-Dealer; and the
potential impact of the announcement or consummation of the
proposed transactions on relationships with customers, competitors,
management and other employees.
Additional information concerning other risk factors is also
contained in Siebert Financial’s most recently filed Annual Reports
on Form 10-K, subsequent Quarterly Reports on Form 10-Q, Current
Reports on Form 8-K, and other SEC filings.
Notice to Investors
This communication is provided for informational purposes only
and is neither an offer to purchase nor a solicitation of an offer
to sell any securities of Siebert Financial. The tender offer for
the outstanding common stock of Siebert Financial not owned by the
Estate has not yet commenced. Any offers to purchase or
solicitation of offers to sell will be made only pursuant to the
tender offer statement (including the offer to purchase, the letter
of transmittal and other documents relating to the tender offer)
which will be filed on Schedule TO by Kennedy Cabot Acquisition
with the SEC, and soon thereafter Siebert Financial will file a
Solicitation/Recommendation Statement on Schedule 14D-9 with
respect to the tender offer. Siebert Financial’s shareholders are
advised to read these documents and any other documents relating to
the tender offer that will be filed with the SEC carefully and in
their entirety because they contain important information. Siebert
Financial’s shareholders may obtain copies of these documents for
free at the SEC’s website at www.sec.gov or by contacting Siebert
Financial’s investor relations department at Siebert Financial
Corp., 885 Third Avenue, New York, New York 10022, Attention:
Investor Relations.
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version on businesswire.com: http://www.businesswire.com/news/home/20161115005381/en/
Siebert Financial Corp.Media:RubensteinMarcia
Horowitz, 212-843-8014mhorowitz@rubenstein.comorLHK Communications
LLC / New YorkLaura Hynes-Keller, +1- 212-758 8602 / +1-646-797
6992laurahk@lhkcommunications.comorKennedy Cabot Acquisition,
LLCMedia:Gusrae Kaplan Nusbaum PLLC / New YorkMartin H.
Kaplan, 212-514-8369kcacquisition@gmail.com
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