<PAGE> 1
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 2, 1998
--------------------------
IXC Communications, Inc.
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 0-20803 74-2644120
- --------------------------------------------------------------------------------
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
1122 Capital of Texas Highway South, Austin, Texas 78746
- --------------------------------------------------------------------------------
(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.)
<PAGE> 2
ITEM 5. OTHER EVENTS
Attached as Exhibit 99.1 is the press release issued by IXC
Communications, Inc. dated September 2, 1998 which is hereby incorporated by
reference herein.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) EXHIBITS
99.1 Press release dated September 2, 1998
2.
<PAGE> 3
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: September 2, 1998
IXC Communications, Inc.
By: /s/ Jeffrey C. Smith
-----------------------------------
Jeffrey C. Smith
Senior Vice President,
Secretary and General Counsel
3.
<PAGE> 4
EXHIBIT INDEX
<TABLE>
<CAPTION>
Exhibit
Number Description
- ------ -----------
<C> <S>
99.1 Press release dated September 2, 1998
</TABLE>
4.
<PAGE> 1
EXHIBIT 99.1
IXC COMMUNICATIONS POSTPONES ANNOUNCED TWO-FOR-ONE
STOCK SPLIT AND ADJUSTMENT TO CAPITAL STRUCTURE
Austin, TX - September 2, 1998 - IXC Communications, Inc. (Nasdaq: IIXC)
announced today that it is postponing its recently announced two-for-one
stock split, the increase in its authorized shares of common stock and the
creation of a new class of preferred stock.
The two-for-one stock split and adjustments to the capital structure had a
record date of (and were to be effected by the filing of a Certificate of
Amendment to its Certificate of Incorporation on) September 4, 1998. The
Company's Board of Directors has determined that under current market
conditions, it would not be in the best interests of stockholders to file the
Certificate of Amendment which would effectuate the two-for-one stock split
previously approved by its directors and its stockholders. As a result, the
number of authorized, issued and outstanding shares of the Company, and the
holdings of each individual stockholder, will remain unchanged at the present
time.
IXC's network-based delivery solutions are designed to address the speed and
capacity requirements of the global communications market. Having completed the
U.S.'s first new coast-to-coast fiber optic network, IXC Communications, Inc.
is at the forefront of the industry's new class of emerging domestic and
international carriers. 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 at www.ixc-comm.com.
###
Media Contact: Investor Contact:
- -------------- -----------------
Melissa Jackson Greta Wiechman
Manager of Public Relations Senior Manager, Investor Relations
(512) 231-5247 (888) 267-9478
[email protected] [email protected]
5.
