8-K 1 mar2005final.txt 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) April 15, 2005 CITIGROUP GLOBAL MARKETS HOLDINGS INC. (Exact name of registrant as specified in its charter) --------------------------------------------------------------------------- New York 1-15286 11-2418067 (State or other (Commission (IRS Employer jurisdiction File Number) Identification No.) of incorporation) 388 Greenwich Street, New York, NY 10013 --------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) (212) 816-6000 --------------------------------------------------------------------------- (Registrant's telephone number, including area code) 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)) CITIGROUP GLOBAL MARKETS HOLDINGS INC. Current Report on Form 8-K Item 5. Other Events Results of Operations (Unaudited) This report summarizes the results of operations of Citigroup Global Markets Holdings Inc. for the three-month period ended March 31, 2005 and 2004 and provides certain additional financial information. CITIGROUP GLOBAL MARKETS HOLDINGS INC. SELECTED FINANCIAL DATA (Unaudited, dollars in millions) March 31, -------------------- 2005 2004 ---- ---- Total stockholder's equity $ 17,530 $ 16,057 Three Months Ended March 31, ----------------- 2005 2004 ---- ---- Revenues: Commissions $ 1,138 $ 1,197 Asset management and administration fees 1,053 1,005 Investment banking 874 882 Principal transactions 854 310 Other 96 44 ------ ------ Total non-interest revenues 4,015 3,438 ------ ------ Interest and dividends 3,473 2,194 Interest expense 2,551 1,230 ------ ------ Net interest and dividends 922 964 ------ ------ Revenues, net of interest expense 4,937 4,402 ------ ------ Non-interest expenses: Compensation and benefits 2,547 2,355 Communications 266 141 Floor brokerage and other production 240 191 Professional services 174 128 Occupancy and equipment 144 137 Advertising and market development 87 76 Other operating and administrative expenses 147 81 ------ ------ Total non-interest expenses 3,605 3,109 ------ ------ Income before income taxes 1,332 1,293 Provision for income taxes 444 472 ------ ------ Net income $ 888 $ 821 ======== ======== SIGNATURE 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 thereunto duly authorized. Date: April 15, 2005 CITIGROUP GLOBAL MARKETS HOLDINGS INC. By: /s/Cliff Verron ------------------------ Cliff Verron Controller