UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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 (Date of earliest event reported): May 2, 2006
BEXIL CORPORATION
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(Exact Name of Registrant as Specified in Charter)
Maryland 001-12233 13-3907058
(State or Other Jurisdiction of (Commission File Number) (IRS Employer
Incorporation) Identification No.)
11 Hanover Square New York, NY 10005
(Address of Principal Executive Offices) (ZIP Code)
Registrant's telephone number, including area code: 1-212-785-0400
Not Applicable
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(Former Name or Former Address, if Changed Since Last Report)
Item 8.01. Other Events.
On May 2, 2006, Bexil Corporation (the "Company") issued a press release
announcing its business acquisition parameters.
A copy of the May 2, 2006 press release is attached hereto as Exhibit 99.1
and incorporated herein by reference. The information contained in this report
on Form 8-K (including the exhibit) shall not be deemed to be "filed" for the
purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the
"Exchange Act") or otherwise subject to the liabilities of that section, nor
shall it be deemed incorporated by reference in any filing made by the Company
under the Securities Act of 1933, as amended or the Exchange Act, except as
expressly set forth by specific reference in such a filing.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits.
Exhibit No. Description of Exhibit
========== ==================================================
99.1 Press Release announcing business acquisition
parameters.
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 hereunto duly authorized.
BEXIL CORPORATION
Date: May 2, 2006 /s/ Thomas O'Malley
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Thomas O'Malley
Chief Financial Officer
Exhibit 99.1
BEXIL CORPORATION
ANNOUNCES ACQUISITION PARAMETERS
NEW YORK -- Bexil Corporation (AMEX: BXL) announced today its business
acquisition parameters:
1) A proven track record with demonstrated earning power.
2) Sales of between $10 million and $50 million.
3) A seasoned business with solid customer relations.
4) Good return (at least 15%) on equity, little or no debt.
5) Solid management must remain. Audited financials required.
6) Particularly interested in a "spin-off" from a larger company.
Thomas Winmill, President of Bexil, said "With the $39 million proceeds from the
sale on April 28, 2006 of its operating unit, Bexil will seek to acquire and/or
develop one or more businesses. We are not interested in acquiring start-ups,
turnarounds, or high tech. We will sign a confidentiality agreement and will
protect broker's sell agreements. If the seller quotes a price, we will respond
promptly."
Bexil is a holding company. Approximately 25% of Bexil's shares are owned by
Winmill & Co. Incorporated (OTC: WNMLA), which is engaged through subsidiaries
in stock market and gold investing through its investment management of equity
and gold mutual funds, as well as through proprietary securities trading.
Safe Harbor Note
Certain of the statements and predictions contained herein constitute
forward-looking statements within the meaning of the Private Securities
Litigation Reform Act. In particular, any statements, projections or estimates
that include or reference the words "believes," "intends," "anticipates,"
"plans," "expects," "will," or any similar expression fall within the safe
harbor for forward-looking statements contained in the Reform Act.
Forward-looking statements are not guarantees of future performance and involve
risks, uncertainties, and other factors, including those set forth below, which
may cause our actual results, performance or achievements to be materially
different from any future results, performance, or achievements expressed or
implied by those statements. More information on potential risks and
uncertainties is available in the Company's recent filings with the Securities
and Exchange Commission, including its Form 10-KSB, quarterly Form 10-QSB
reports and Forms 8-K.
Contact: Thomas B. Winmill
1-212-785-0400
twinmill@bexil.com
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