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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: JULY 2, 2001
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(Date of Earliest Event Reported)
CAPSTEAD MORTGAGE CORPORATION
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(Exact Name of Registrant as Specified in its Charter)
MARYLAND 1-8896 75-2027937
(State of Incorporation) (Commission File No.) (I.R.S. Employer
Identification No.)
8401 NORTH CENTRAL EXPRESSWAY
SUITE 800
DALLAS, TEXAS 75225
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(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, Including Area Code: (214) 874-2323
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ITEM 5. OTHER EVENTS - PAYMENT OF SPECIAL COMMON DIVIDEND AND IMPLEMENTATION OF
1-FOR-2 REVERSE COMMON STOCK SPLIT
Special Dividend. On April 30, 2001 the Board of Directors declared a special
dividend of $7.30 per common share (pre-reverse split), or approximately $201
million of the Company's Paid-in capital, which was paid June 29, 2001 to
stockholders of record as of June 13, 2001. Because of the significance of this
distribution, the common shares did not trade ex-dividend until July 2, 2001.
Common stockholders who sold their shares after the record date, and through the
payment date, also sold their right to receive the special dividend.
1-For-2 Reverse Common Stock Split. In conjunction with declaring the special
common dividend on April 30, 2001, the Company also announced it had called a
special meeting of stockholders which was held June 15, 2001 for the purpose of
approving a 1-for-2 reverse stock split of its common stock. At the special
meeting the reverse common stock split was approved. Also on June 15, 2001, the
Board established the close of business on June 29, 2001, as the effective date
of the reverse split. As such, the first day the common shares traded post-split
was July 2, 2001. This coincided with the first day that the common shares began
trading ex-special dividend.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
Financial Statements:
Included in Exhibit 5.0 to this Form 8-K filing is a Selected Financial Data
Schedule which reflects the effect of the 1-for-2 reverse common stock split.
EXHIBITS:
EXHIBIT NUMBER: 5.0 - Selected Financial Data
EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
5.0 Selected Financial Data
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.
CAPSTEAD MORTGAGE CORPORATION
July 2, 2001 By: /s/ Andrew F. Jacobs
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Andrew F. Jacobs - Executive Vice President - Control
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EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
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5.0 Selected Financial Data