Fbr Capital Markets Corp - Current report filing (8-K)
October 07 2008 - 4:58PM
Edgar (US Regulatory)
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): October 6,
2008
FBR Capital Markets Corporation
(Exact name of Registrant as specified in charter)
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Virginia
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001-33518
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20-5164223
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(State or other jurisdiction of
incorporation)
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(Commission file
number)
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(IRS employer identification no.)
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1001 Nineteenth Street North, Arlington,
Virginia
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22209
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(Address of principal executive
offices)
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(Zip code)
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Registrant’s telephone number, including area
code:
(703) 312-9500
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 (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under
the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule
14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule
13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 7.01 Regulation FD
Disclosure
On October 6, 2008, the Board of Directors of FBR Capital
Markets Corporation (the “Company”) approved an increase in the number of
shares of the Company’s common stock that the Company is authorized to repurchase to
ten million shares. Pursuant to the repurchase authority, on October 7, 2008, the
Company on behalf of itself and one of its subsidiaries repurchased a total of 6,565,405
shares of common stock directly from Passport Capital LLC’s Global Master Fund SPC
LTD for and on behalf of Portfolio A – Global Strategy (“Passport”). The
repurchase from Passport was a privately negotiated transaction at a purchase price of
$5.00 per share. After the repurchase from Passport, the Company has a remaining repurchase
authority of 3,434,595 shares of common stock. Of the 6,565,405 shares of common
stock repurchased by the Company on behalf of itself and its subsidiary, 1,500,000 shares
of common stock repurchased on behalf of the subsidiary of the Company may not be
retired.
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.
FBR CAPITAL MARKETS CORPORATION
Date:
October
7
,
2008 By:
/s/ Bradley J. Wright
Bradley J. Wright
Executive
Vice President, Chief Financial Officer and
Treasurer
Fbr Capital Markets Corp. (MM) (NASDAQ:FBCM)
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