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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 16, 2000
LOGIX COMMUNICATIONS ENTERPRISES, INC.
(Exact name of registrant as specified in its charter)
OKLAHOMA 333-58693 73-1533356
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
3555 N.W. 58th Street
Tenth Floor
Oklahoma City, Oklahoma 73114
(Address of principal executive offices) (Zip Code)
(405) 516-8400
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
Logix Communications Enterprises, Inc. (the "Company") reported
certain information with respect to changes in its executive officers. The
Company's press release announcing the change in executive officers, dated
March 16, 2000 is attached hereto as Exhibit 99.1 and is incorporated herein
by reference in its entirety.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Financial Statements of Businesses Acquired
Not Applicable
(b) Pro Forma Financial Information
Not Applicable
(c) Exhibits
The following exhibits are filed as a part of this report:
Exhibit
No. Description Method of Filing
------- ----------- ----------------
99.1 Press release dated March 16, 2000 Filed herewith
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: March 16, 2000 Logix Communications Enterprises, Inc.
(Registrant)
By: /s/ Albert H. Pharis, Jr.
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Albert H. Pharis, Jr.
Chief Executive Officer
EXHIBIT INDEX
Exhibit
No. Description Method of Filing
- ------- ----------- ----------------
99.1 Press release dated March 16, 2000 Filed herewith
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Exhibit 99.1
FOR IMMEDIATE RELEASE
CONTACT:
- --------
Brian W. Boone
Treasurer/Investor Relations
(405) 516-8400
LOGIX COMMUNICATIONS ENTERPRISES, INC.
ANNOUNCES $30 MILLION IN NEW FINANCING
CHANGES IN EXECUTIVE OFFICERS ANNOUNCED
OKLAHOMA CITY - March 16, 2000 - Logix Communications Enterprises, Inc., an
integrated communications provider, announced today it has received $30
million in new financing from Dobson CC Limited Partnership, the controlling
shareholder of Logix. The funds received from this financing will be used to
pay down $10 million of the company's $50 million bank facility and to fund
operations.
Logix also announced Matthew L. Asmus, Senior Vice President of Operations,
has been named Executive Vice President and Chief Operating Officer. Mr.
Asmus has been with the company since it acquired American Telco, Inc. in
June 1998. William J. Hoffman, Jr., former President and Chief Operating
Officer, has left the company to pursue other interests.
In addition, Geoffrey M. Boyd, Executive Vice President and Chief Financial
Officer, has accepted a position as Chief Financial Officer of a competitive
local exchange carrier based in Minneapolis, Minnesota. A replacement has not
been announced.
Logix Communications is an integrated provider of information technology and
telecommunications services to businesses throughout the southwest. Logix
provides a comprehensive range of voice services, advanced data services,
Internet services and customer premise equipment. Logix news and information
are available at www.logixcom.com.
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THE INFORMATION CONTAINED IN THIS NEWS RELEASE INCLUDES CERTAIN
FORWARD-LOOKING STATEMENTS THAT ARE BASED UPON ASSUMPTIONS THAT IN THE FUTURE
MAY PROVE NOT TO HAVE BEEN ACCURATE. THOSE STATEMENTS, AND THE BUSINESS AND
PROSPECTS OF LOGIX ARE SUBJECT TO A NUMBER OF RISKS INCLUDING SUBSTANTIAL
CAPITAL EXPENDITURES REQUIRED TO FUND ITS OPERATIONS AND ITS ABILITY TO
IMPLEMENT AND CONTINUE ITS EXISTING AND NEW BUSINESS STRATEGIES. THESE AND
OTHER RISKS ARE DESCRIBED IN DOCUMENTS AND REPORTS OF LOGIX THAT ARE
AVAILABLE FROM THE SECURITIES AND EXCHANGE COMMISSION.
