|Title||Certificate, specimen stock: Keuffel & Esser Company (Hoboken, N.J.); Less than 100 shares Common Stock, par value $1.00 (1965).|
|Object Name||Certificate, Stock|
|Collection||Keuffel & Esser Company Collection|
|Scope & Content||
Stock certificate specimen: Keuffel & Esser Company (Hoboken, New Jersey); Less than 100 shares Common Stock, par value $1.00, (1965).
Printed and engraved certificate, 8" x 12" wide; imprinted "Specimen" over President (A.E. Busch - Alfred E. Busch) and Treasurer (Thomas R. Nye) facsimile signatures; three punched holes. Serial number: BN34700
Company stock issued earlier was held by family or officers. The company went public issuing common stock in September 1965. As a certificate for less than 100 shares and from text printed on back, it is suggested by both of these aspects that it may have been the specimen certificate intended for the stock issue made available to employees. See notes and archives 2003.037.5040, Keuffel & Esser Company, 1965 Annual Report, page , Notes to Financial Statement.
Hoboken is referenced in text on back: KEUFFEL & ESSER COMPANY WILL FURNISH TO ITS STOCKHOLDERS WITHOUT CHARGE, UPON REQUEST ADDRESSED TO THE SECRETARY OF THE COMPANY AT ITS PRINCIPAL OFFICE IN HOBOKEN, NEW JERSEY, A PRINTED COPY OF THE PREFERENCES OF ALL CLASSES OF ITS CAPITAL STOCK.
Printed by Security-Columbian Banknote Company. Note that this company has copyright at lower left corner and at the lower corner of the engraved vignette: c S.B.C.Co.
|Related Records||Show Related Records...|
Text from a photo illustration of Sept. 14, 1965 prospectus found on page 33 of: Partners in Creating /The First Century of K+E 1867/1967
The date of this Prospectus is September 14, 1965.
Keuffel & Esser Company
($1 Par Value)
THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES AND EXCHANGE COMMISSION NOR HAS THE COMMISSION PASSED UPON THE ACCURACY OR ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
Of the shares offered hereby, 250,000 shares are being offered to the public by the several Underwriters, who are purchasing 160,000 shares from the Company and 90,000 shares from a Selling Stockholder. The Company will not receive any of the proceeds from the shares being sold by the Selling Stockholder. See "Selling Stockholder." The remaining 40,000 shares covered by this Prospectus are being offered by the Company to its employees, as set forth under "Offering to Employees." The offering to employees is not underwritten.
Prior to this offering there has been no market for the Company's Common Stock. The price at which the Common Stock is being offered to the public was determined by negotiation between the Company, the Selling Stockholder and the Underwriters.
Price to PublicUnderwriting Discounts andCompany(J)Proceeds to Selling Stockholder)
Per Share1 $26.00$1.50$24.50$24.50
(/) Be/ore deducting expenses payable by the Company, estimated at $110,000, and transfer taxes payable by the Selling Stockholder estimated at $950.
The above table relates only to the 250,000 shares being offered to the public. The remaining 40,000 shares are being offered by the Company to its employees at a price of $23.40 per share. If all such 40,000 shares are sold, the Company will realize proceeds of $936,000 in addition to the proceeds shown in the table. No underwriting commissions are payable with respect to the shares offered to employees, and any shares so offered which are not purchased by employees will not be issued by the Company.
The shares of Common Stock offered to the public by the several Underwriters are offered when, as and if delivered to and accepted by the Underwriters and subject to their right to reject orders in whole or in part. It is expected that the certificates for such shares will be ready for delivery on or about September 21, 1965.
The First Boston Corporation
Busch, Alfred E.
Nye, Thomas R.
|Year Range from||1965.0|
|Year Range to||1965.0|
Keuffel & Esser Co.
Business & Commerce