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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
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Date of Report (Date of earliest event reported):
January 19, 2000
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Digex, Incorporated
(Exact name of registrant as specified in its charter)
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Delaware 59-3582217
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification Number)
0-26873
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(Commission File Number)
One Digex Plaza
Beltsville, MD 20705
(Address of principal executive offices)
(240) 264-2000
(Telephone Number)
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ITEM 5. Other Events
On January 18, 2000, Digex, Incorporated (the "Company") issued the attached
press release.
ITEM 7. Press Release and Exhibits
Exhibit 99 Press Release, dated January 18, 2000.
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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 thereunto duly authorized.
Dated: January 19, 2000
DIGEX, INCORPORATED
(Registrant)
/s/ Mark K. Shull
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Mark K. Shull
Director, President and Chief Executive Officer
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EXHIBIT INDEX
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EXHIBIT PAGE
NO. DESCRIPTION NO.
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99 Press Release, dated January 18, 2000 __
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EXHIBIT 99
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DIGEX CONTACTS:
Laura Heinrich Scott Friedman
Digex, Incorporated MS&L New York
Phone: 301-847-5998 Phone: 212-213-7172
[email protected] [email protected]
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DIGEX COMPLETES S1 FILING
LEADING MANAGED WEB AND APPLICATION PROVIDER ALSO NAMES NEW CFO
Beltsville, MD, January 18, 2000 - Digex, Incorporated (NASDAQ: DIGX),
a leading Web and application hosting service provider for businesses worldwide
announced today that it has filed with the Securities and Exchange Commission a
registration statement for an offering of 10 million shares of its Class A
Common Stock. Digex will offer two million shares. Eight million shares will be
offered by Intermedia and will come out of Intermedia's existing pool of 50
million shares. Digex will use the proceeds it receives for capital expenditures
related to its expansion. The offering will be made only by means of a
prospectus.
Digex today also announced the appointment of Timothy M. Adams, CPA, to
the position of Chief Financial Officer, replacing Brad Sparks, effective
immediately. From April 1997 to December 1999 Adams held various management
positions at GTE Internetworking (GTEI) and BBN Planet Corporation, prior to
its acquisition by GTEI, including Vice President of Circuits Management,
Vice President of Business Operations and Vice President of Finance. Prior to
GTEI, Adams served as Chief Financial Officer for Trans National Communications.
He holds a B.S. in Accounting from Murray State University, Kentucky and an
M.B.A. from Boston University. Adams has also held various positions in the
audit and tax departments of Price Waterhouse LLP, a predecessor of
PricewaterhouseCoopers.
ABOUT DIGEX
Digex (NASDAQ "DIGX") is a leading provider of Web and application
hosting services for some of the world's leading companies that rely on the
Internet as a critical business tool. Digex also offers value-added enterprise
and professional services, including performance security testing, monitoring,
reporting and networking services. Digex customers, from mainstream corporations
to Internet-based businesses, leverage Digex's services to deploy secure,
scaleable, high performance business solutions, including electronic retailing,
online banking, online procurement and customer self-service applications.
Additional information on Digex is available at http://www.digex.com.
Forward Looking Statements
Statements contained in this news release regarding expected financial
results and other planned events are forward-looking statements, subject to
uncertainties and risks, including, but not limited to, the demand for Digex's
services and the ability of Digex to successfully implement its strategies, each
of which may be impacted, among other things, by economic, competitive or
technological conditions and the ability of Digex to successfully complete its
Y2K remediation project. These and other applicable risks are summarized under
the caption "Risk Factors" in the Company's Prospectus dated January 18, 2000,
and are updated periodically through the filing of reports and registration
statements with the Securities and Exchange Commission.
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