IPO Company Profile
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Clark/Bardes Holdings, Inc.
2121 San Jacinto, Suite 2200, Dallas, TX 75201 * (214) 871-8717

The company is a leading designer, marketer and administrator of insurance-financed employee benefit programs to large corporations and community, regional and money center banks.

Primary Underwriting Group
ManagerTierPhone
Bear, Stearns & Co. Inc.Lead Manager (212) 272-4850
Conning & CompanyCo-manager (860) 520-1246
Piper Jaffray IncorporatedCo-manager (612) 342-6220

Offering Information
NASNTL:CLKB Financial: SIC 6311
Type of Shares:Common Shares Filing Date:6/12/98
U.S. Shares:4,000,000 Offer Date:8/19/98
Non-U.S. Shares:0 Filing Range:$9.00 - $10.00
Primary Shares:4,000,000 Offer Price:$9.00
Secondary Shares:0 Gross Spread:$0.63
Offering Amount: $38,000,000 Selling:$0.38
Expenses: - Reallowance:$0.10
Post-IPO Shares: -
Employees:135

Legal Counsel, Auditor and Registrar
Issuer's Law Firm: Akin, Gump, Strauss, Hauer & Feld
Bank's Law Firm: Skadden, Arps, Slate, Meagher & Flom
Registrar/Transfer Agent: Bank of New York
Auditor: Ernst & Young

Selected Financial Data

Dollar amounts in U.S. millions except for per share data
3 Month Ending Financials
Full Year
Audited
Income
Latest
Unaudited
Income
Prior
Audited
Income
Balance
Sheet
12/31/97 3/31/98 3/31/97 3/31/98
Revenue:$49.46$13.75$5.51Assets:$33.41
Net Income:$4.23$0.18$0.20Curr Assets:$8.88
EPS:$1.03$0.06$0.05Liabilities:$38.82
Prior EPS:$0.75Curr Liab:$7.44
Cash Flow/Oper:$1.81$2.75-$2.75Equity:-$5.42
Cash Flow/Fin:$22.05-$1.62-$1.32Cash:$4.72
Cash Flow/Inv:-$24.96-$0.19-$0.08Working Cap:$1.45

Use of Proceeds
The proceeds from the proposed offering will be used for the repayment of certain indebtedness of the company, extinguishment of warrants, the consummation of a pending acquisition, general corporate purposes, including working capital and possible future acquisitions.

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