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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) September 29, 1997
------------------------------
IXC Communications, Inc.
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(Exact name of registrant as specified in its charter)
DELAWARE 0-20803 74-2644120
----------------- ----------- -------------------
(State or other (Commission (I.R.S. Employer
jurisdiction File Number) Identification No.)
of incorporation)
5000 Plaza on the Lake, Suite 200, Austin, Texas 78746
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (512) 328-1112
--------------------------
Not applicable
----------------------------------------------------------------------
(Former name or former address, if changed since last report.)
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ITEM 5. OTHER EVENTS.
Attached as Exhibit 99.1, Exhibit 99.2 and Exhibit 99.3 are press
releases issued by IXC Communications, Inc. dated September 30, 1997,
September 29, 1997 and September 29, 1997, respectively, which are hereby
incorporated by reference herein.
ITEM 7. FINANCIAL STATEMENT AND EXHIBITS
(c) EXHIBITS
99.1 Press release dated September 30, 1997
99.2 Press release dated September 29, 1997
99.3 Press release dated September 29, 1997
2.
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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.
Date: October 1, 1997
IXC Communications, Inc.
By: /s/ JAMES F. GUTHRIE
-----------------------------
James F. Guthrie
Executive Vice President
and Chief Financial Officer
3.
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EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit
Number Description
- ------- -----------
<S> <C>
99.1 Press release dated September 30, 1997
99.2 Press release dated September 29, 1997
99.3 Press release dated September 29, 1997
</TABLE>
4.
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EXHIBIT 99.1
IXC NEWS RELEASE
BENJAMIN L. SCOTT TO BECOME
NEW CEO OF IXC COMMUNICATIONS, INC.
AUSTIN, Texas, September 30, 1997 - IXC Communications, Inc. (NASDAQ:
IIXC), one of the fastest-growing U.S. telecommunications companies today
announced that Benjamin L. Scott, 47, will become the new President and Chief
Executive Officer of the Company. Mr. Scott will join the company in October and
will also become a member of its Board of Directors. Ralph J. Swett, 63, the
Company's President and Chief Executive Officer since 1992, will continue in a
leadership role at the Company as its Chairman of the Board.
With more than twenty-six years of telecommunications experience, Mr. Scott
currently serves as President and Chief Executive Officer of PrimeCo Personal
Communications, L.P. in Dallas, Texas, the PCS joint venture among Bell
Atlantic, US West, and Airtouch. At PrimeCo, Mr. Scott was responsible for the
largest wireless business launch in history. PrimeCo is nearing the end of its
first year of successful operation, punctuated by the introduction of innovative
new services and dramatic customer growth. Prior to joining PrimeCo, Mr. Scott
spent four years with Bell Atlantic, most recently as President and Chief
Executive Officer of Bell Atlantic International Wireless and previously had
over twenty years experience with AT&T Corporation with his last assignment as
President and Chief Executive Officer of AT&T Canada.
"Ben Scott possesses the experience, ability, and vision to lead IXC
through its continuing rapid growth and its emergence as a major national
telecommunications provider," said Ralph Swett. "He has performed successfully
in a number of senior telecommunication executive roles with AT&T. Bell Atlantic
and, most recently, as CEO of PrimeCo. Ben has demonstrated the ability to lead
strong management teams in a rapidly changing industry. We think he is an ideal
fit for IXC as it continues its rapid network expansion and moves into the
switched products, data and Internet businesses. Ben brings a strong focus on
systems performance, marketing excellence and the highest customer service
standards, which will complement the strengths of our existing senior management
group. Together, they will form the team that will successfully move IXC into
the next millennium."
"I am honored to have the opportunity to join IXC at this important point
in its history, and to have the opportunity to work with a highly qualified
management team," said Mr. Scott. "On a global basis, the telecommunications
industry is changing at lightning speed, creating an abundance of new
opportunities. IXC is uniquely positioned, with an extraordinary asset in its
rapidly expanding, state-of-the-art fiber optic network, which will allow IXC to
capitalize on the many areas for growth and profitability that abound in the
telecommunications field. I look
5.
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forward to working with IXC's talented executives, getting to know IXC's people
and customers, and together building IXC into one of the leading
telecommunications companies of the 21st century."
Mr. Scott and his wife Gayle, who currently live in Dallas, will be relocating
to Austin.
Austin, Texas-based IXC Communications, Inc. is one of the United States'
largest suppliers of voice, data and multimedia transmission services. The
Company owns and operates one of the newest nationwide digital networks and
makes network capacity available to local telephone companies, national and
regional long-distance carriers, cable and utility companies, and Internet
Service Providers. IXC offerings include private line, broadband, and switched
and dedicated inbound and outbound calling products, and calling card and debit
card services. IXC is a publicly traded company listed on NASDAQ under the
symbol IIXC. IXC's Web site is located at www.ixc-comm.net.
###
Investor Contact: Media Contact
James F. Guthrie Meri Braziel
Executive Vice President Senior Vice President of Marketing
Chief Financial Officer (512) 433-3535
(512) 427-3731 [email protected]
[email protected]
6
<PAGE> 1
EXHIBIT 99.2
IXC NEWS RELEASE
IXC COMMUNICATIONS ANNOUNCES NEW
VP OF FINANCE AND CHIEF ACCOUNTING OFFICER
AUSTIN, Texas - September 29, 1997 - IXC Communications, Inc. (NASDAQ: IIXC)
today announced that Stuart Coppens has joined the company as Vice President of
Finance and Chief Accounting Officer.
Coppens comes to IXC Communications from the Times Mirror Company, where he
most recently was Chief Financial Officer for its legal publishing subsidiary,
Matthew Bender & Company. Coppens spent 16 years at the Times Mirror Company,
earning a wealth of experience in all areas of accounting, tax, financial
reporting and process improvement. In his new position, Coppens will be
responsible for IXC's accounting, tax, finance and purchasing functions.
"Stu's experience and skills in finance and accounting are important assets for
IXC as we manage our rapid expansion into new markets and business," says Jim
Guthrie, Executive Vice President and Chief Financial Officer at IXC.
Austin, Texas-based IXC Communications, Inc. is one of the United States'
largest suppliers of digital transmission and long distance services. The
Company owns and operates one of the voice, data and multimedia transmission
services. The Company owns and operates one of the newest nationwide digital
networks and makes network capacity available to local telephone companies,
national and regional long-distance carriers, cable and utility companies, and
Internet Service Providers. IXC offerings include private line, broadband, and
switched and dedicated inbound and outbound calling products, and calling card
and debit card services. IXC is a publicly traded company listed on NASDAQ
under the symbol IIXC. IXC's Web site is located at www.ixc-comm.net.
###
Investor Contact: Media Contact
James F. Guthrie Meri Braziel
Executive Vice President Senior Vice President of Marketing
Chief Financial Officer (512) 433-3535
(512) 427-3731 [email protected]
[email protected]
7
<PAGE> 1
EXHIBIT 99.3
IXC NEWS RELEASE
IXC COMMUNICATIONS ANNOUNCES NEW
VP OF CONSTRUCTION & FACILITIES ENGINEERING
AUSTIN, Texas - September 29, 1997 - IXC Communications, Inc. (NASDAQ: IIXC)
today announced that Mike Jones, a 20-year veteran of the telecommunications
industry, has joined the company as Vice President of Construction and
Facilities Engineering.
Jones joins IXC Communications from Diamondback International, Inc., a Texas
provider of cost-effective professional services for the telecommunications
industry. Jones was Vice President of Network Business Development, responsible
for the management and development of new business contacts and executive
consulting for major corporations, including Nortel, LCI, US West, Brooks,
Citizens and IXC Communications. Previously, Jones was Senior Manager of
Contracts Management and Route Development at MCI Communications from 1993 to
1996, where he negotiated major right-of-way agreements, closing nine contracts
totaling more than 5,000 miles of new network for MCI.
"Mike's strong experience in project management and business negotiations will
be an asset to IXC," said Mike Vent, Executive Vice President of Network
Operations & Engineering at IXC. "IXC's rapid network expansion across the
nation requires the necessary expertise to build capacity successfully, and
Mike brings that experience to IXC."
Austin, Texas-based IXC Communications, Inc. is one of the United States'
largest suppliers of digital transmission and long distance services. The
Company owns and operates one of the voice, data and multimedia transmission
services. The Company owns and operates one of the newest nationwide digital
networks and makes network capacity available to local telephone companies,
national and regional long-distance carriers, cable and utility companies, and
Internet Service Providers. IXC offerings include private line, broadband, and
switched and dedicated inbound and outbound calling products, and calling card
and debit card services. IXC is a publicly traded company listed on NASDAQ
under the symbol IIXC. IXC's Web site is located at www.ixc-comm.net.
###
Investor Contact Media Contact
- ---------------- -------------
James F. Guthrie Meri Braziel
Executive Vice President Senor Vice President of Marketing
Chief Financial Officer (512) 433-3535
(512) 427-3731 [email protected]
[email protected]
8
