Thomas Weisel Partners Group, Inc. - Current report filing (8-K)
August 22 2008 - 4:34PM
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):
August 18, 2008
Thomas
Weisel Partners Group, Inc.
(Exact
name of registrant as specified in its charter)
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Delaware
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No.
000-51730
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No.
20-3550472
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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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One
Montgomery Street
San
Francisco, California
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94104
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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:
(415) 364-2500
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N.A.
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(Former
name or former address, if changed since last
report)
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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:
o
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Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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o
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Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
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o
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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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o
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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
8.01
Other
Events.
In
July
2008, Thomas Weisel Partners Canada Inc., a wholly owned broker-dealer
subsidiary of Thomas Weisel Partners Group, Inc. (the “Registrant”), signed a
letter with Stetson Oil & Gas Ltd. (“Stetson Oil”) contemplating a potential
underwriting by Thomas Weisel Partners Canada of a private placement offering
of
C$25 million of equity interests in Stetson Oil. Under the letter, subject
to
certain conditions, the offering was scheduled to close on July 31, 2008,
although both parties acknowledged that the offering would not close on July
31,
2008 and engaged in discussions regarding financing alternatives for Stetson
Oil.
On
August
18, 2008, Thomas Weisel Partners Canada received a letter from Stetson Oil
claiming that it would pursue legal remedies against Thomas Weisel Partners
Canada if the C$25 million private placement equity offering did not close
on
August 22, 2008. Thomas Weisel Partners Canada responded to the August 18,
2008
letter by indicating that it did not contemplate closing the C$25 million
private placement equity offering on August 22, 2008 and that it believes that
it has meritorious defenses to the threatened claims of Stetson Oil.
The
Registrant believes it has meritorious defenses to this threatened claim and
intends to vigorously defend such action and is also committed to continue
to
try to work with Stetson Oil regarding financing alternatives.
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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Thomas
Weisel Partners Group, Inc.
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Date:
August 22, 2008
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By:
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/s/
Shaugn Stanley
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Name:
Shaugn Stanley
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Title: Chief
Financial Officer
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