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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549-1004
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported) October 11, 2000
GLOBAL CROSSING LTD.
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(Exact Name of Registrant as Specified in Charter)
Bermuda 000-24565 98-0189783
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
Wessex House, 45 Reid Street, Hamilton HM12 Bermuda
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (441) 296-8600
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NOT APPLICABLE
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.
On October 11, 2000, the Board of Directors of the Registrant named Thomas
J. Casey as Chief Executive Officer. Mr. Casey is also a director of the
Registrant and a member of its Office of the Chairman, and had been Vice
Chairman of the Registrant prior to his appointment as CEO. Mr. Casey
succeeded Leo Hindery, Jr., who resigned by mutual agreement. Mr. Hindery,
who is also Chairman and CEO of GlobalCenter, the Registrant's web-hosting
business, is expected to continue in these roles until completion of the
proposed sale of GlobalCenter to Exodus Communications, Inc., which is
expected to be completed early in 2001.
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SIGNATURE
Pursuant to the requirements of the Securities and Exchange Act of
1934, the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
GLOBAL CROSSING LTD.
(Registrant)
By: /s/ Dan J. Cohrs
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Name: Dan J. Cohrs
Title: Senior Vice President and
Chief Financial Officer
Dated: October 12, 2000
