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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) - March 6, 2007
FIRST ALBANY COMPANIES INC.
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(Exact Name of Registrant as Specified in its charter)
NEW YORK 0-14140 22-2655804
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(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
677 BROADWAY, ALBANY, NEW YORK 12207
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(Address of Principal Executive Offices) (Zip Code)
(Registrant's telephone number, including area code):
(518) 447-8500
N/A
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(Former name and 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 (see General Instruction A.2 below):
|_| 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))
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ITEM 8.01 OTHER EVENTS.
On March 6, 2007, First Albany Companies Inc. (the "Company") issued a
press release regarding the entry into an asset purchase agreement for the sale
of the Municipal Capital Markets Group of First Albany Capital Inc., a wholly
owned subsidiary of the Company, to DEPFA BANK plc. A copy of the press release
is furnished with this Current Report on Form 8-K as exhibit 99.1.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
99.1 Press Release of First Albany Companies Inc. dated March 6, 2007
SIGNATURES
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.
FIRST ALBANY COMPANIES INC.
By: /s/ C. BRIAN COAD
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Name: C. Brian Coad
Title: Chief Financial Officer
Dated: March 6, 2007