UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): December 4, 1998
MPEL HOLDINGS CORP.
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(Exact name of registrant as specified in its charter)
NEW YORK 0-3825 22-1842747
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(State or other jurisdiction (Commission File (IRS Employer Identification
of incorporation) Number) Number)
25 MELVILLE PARK ROAD, MELVILLE, NEW YORK 11747
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (516) 364-2700
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(Former name or former address, if changed since last report)
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Item 5. Other Events
MPEL Holdings Corp. (the "Company"), announced today, December 4, 1998,
that its Board of Directors has authorized the repurchase of up to 500,000
shares of the Company's common stock (the "Common Stock"). The Company plans to
repurchase the stock in the open market over a three (3) year period. The timing
of repurchases and the number of shares actually repurchased will depend on a
variety of factors, such as price and other market considerations. The Company
currently has approximately 9,694,142 shares outstanding.
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.
MPEL HOLDINGS CORP.
By: /s/ Steven Latessa
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Steven Latessa, President
Date: December 4, 1998
