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Form 8-K

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

December 16, 2008

Date of report (Date of earliest event reported)

SEI Investments Company

(Exact name of registrant as specified in its charter)

 

Pennsylvania   0-10200   23-1707341

(State or other jurisdiction

of incorporation)

  

(Commission

File No.)

  

(I.R.S. Employer

Identification No.)

1 Freedom Valley Drive

Oaks, Pennsylvania 19456

(Address of principal executive offices) (Zip Code)

(610) 676-1000

(Registrants’ telephone number, including area code)

Not applicable

(Former name or former address, if changed since last report)

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:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. Other Events.

On Tuesday, December 16, 2008, the Company issued a press release declaring a dividend of $.08 (eight cents) per share. The cash dividend will be payable to shareholders of record on January 6, 2009 with a payment date of January 22, 2009. A copy of the press release is furnished as Exhibit 99.1 and incorporated in this Item 8.01 by reference.

As provided in General Instruction B.2 to Form 8-K, the information furnished in this Item 8.01 and Exhibit 99.1 hereto shall not be deemed “filed” for purposes of Section 18 of the Securities and Exchange Act of 1934, as amended, nor shall it be deemed incorporated by reference in any filing with the Securities and Exchange Commission, except as shall be expressly provided by specific reference in such filing.

 

Item 9.01. Financial Statements and Exhibits.

 

  (d) Exhibits.

 

  99.1 Press Release of SEI Investments Company dated December 16, 2008.

 

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    SEI Investments Company
Date:  December 18, 2008     By:   /s/ Dennis J. McGonigle
       

Dennis J. McGonigle

Chief Financial Officer

 

3

EXHIBIT INDEX

 

Exhibit Number

   

Description

99.1    Press Release of SEI Investments Company dated December 16, 2008.

 

4

Press Release

Exhibit 99.1

NEWS FROM SEI

 

Contact:

    Larry Wexler

Voice:

    610.676.1440

E-Mail:

    lwexler@seic.com

Pages:

    1

For Immediate Release

SEI DECLARES $.08 PER SHARE DIVIDEND

Oaks, PA, December 16, 2008 – The Board of Directors of SEI Investments Company (NASDAQ:SEIC) today declared a dividend of $.08 (eight cents) per share. The cash dividend will be payable to shareholders of record on January 6, 2009 with a payment date of January 22, 2009.

In addition, the Board of Directors today announced that its has adopted a shareholder rights plan designed to ensure that all shareholders of the company receive fair and equal treatment in the event of an unsolicited takeover proposal. The plan is intended to safeguard against coercive tactics designed to gain control of the company without allowing all shareholders to realize the long-term value of their investment, particularly in light of the current market price of SEI’s common stock and the extreme volatility in the stock markets. The rights plan is also designed to enhance the company’s ability to negotiate with a prospective acquirer. The rights plan was not adopted in response to any specific effort to acquire control of the company. This shareholder rights plan is similar to the shareholder rights plan of the company that is scheduled to terminate on December 19, 2008. Under the shareholder rights plan, each holder of SEI common stock at the close of business on January 6, 2009, will receive one right for each share of common stock held. A summary of the rights plan will be included in a Current Report on Form 8-K to be filed by SEI with the Securities and Exchange Commission and will also be mailed to shareholders of record of SEI’s common stock following the January 6, 2009 record date.

About SEI

SEI (NASDAQ:SEIC) is a leading global provider of outsourced asset management, investment processing and investment operations solutions. The company’s innovative solutions help corporations, financial institutions, financial advisors, and affluent families create and manage wealth. As of September 30, 2008, through its subsidiaries and partnerships in which the company has a significant interest, SEI administers $431 billion in mutual fund and pooled assets and manages $162 billion in assets. SEI serves clients, conducts or is registered to conduct business and/or operations, from more than 20 offices in over a dozen countries. For more information, visit www.seic.com.