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) April 10, 2000
(April 7, 2000)
WESTERN RESOURCES, INC.
(Exact Name of Registrant as Specified in Its Charter)
KANSAS 1-3523 48-0290150
(State or Other Jurisdiction of (Commission (Employer
Incorporation or Organization) File Number) Identification No.)
818 KANSAS AVENUE, TOPEKA, KANSAS 66612
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number Including Area Code (785) 575-6300
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WESTERN RESOURCES, INC.
Item 5. Other Events
On April 7, 2000, Western Resources announced that it may from time-to-
time purchase its debt securities and preferred stock.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit 99.1 - Press release dated as of April 7, 2000 issued by Western
Resources, Inc.
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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 thereunto duly authorized.
Western Resources, Inc.
Date April 10, 2000 By /s/ William B. Moore
William B. Moore, Executive Vice
President, Chief Financial
Officer and Treasurer
Date April 10, 2000 By /s/ Leroy P. Wages
Leroy P. Wages, Controller
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EXHIBIT INDEX
Exhibit Number Description of Exhibit
99.1 Press release dated as of
April 7, 2000 issued by
Western Resources, Inc.
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Exhibit 99.1
[LOGO] Western Resources Media contact:
making life a little easier Michel' J. Philipp
Phone: 785.575.1927
FAX: 785.575.6399
[email protected]
Investor contact:
Jim Martin
Phone: 785.575.6549
FAX: 785.575.8160
[email protected]
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WESTERN RESOURCES ANNOUNCES
PLANS TO REPURCHASE DEBT
TOPEKA, Kansas, April 7, 2000 - Western Resources today announced that
it may from time-to-time purchase its debt securities and preferred stock. The
timing and terms of purchases, and the amount of debt actually purchased, will
be determined by the company based on market conditions and other factors.
Purchases are expected to be made in the open market or through negotiated
transactions.
"We believe our debt is undervalued in the marketplace and this provides
us an opportunity to purchase the debt at an attractive price," said David C.
Wittig, Western Resources chairman of the board, president and chief executive
officer.
This announcement is not a request nor an offer for tender of Western
Resources debt.
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Western Resources (NYSE: WR) is a consumer services company with
interests in monitored services and energy. The company has total assets of
more than $8 billion, including security company holdings through ownership of
Protection One (NYSE: POI), which has more than 1.4 million security customers
in 48 states. Its utilities, KPL and KGE, provide electric service to
approximately 628,000 customers in Kansas. Through its ownership in ONEOK Inc.
(NYSE: OKE), a Tulsa-based natural gas company, Western Resources has a 45
percent interest in the 9th largest natural gas distribution company in the
nation, serving more than 1.4 million customers. For more information about
Western Resources and its operating companies, visit us on the Internet at
http://www.wr.com.
Forward-Looking Statements: Certain matters discussed in this news
release are "forward-looking statements." The Private Securities Litigation
Reform Act of 1995 has established that these statements qualify for safe
harbors from liability. Forward-looking statements may include words like we
"believe," "anticipate," "expect" or words of similar meaning. Forward-looking
statements describe our future plans, objectives, expectations, or goals. Such
statements address future events and conditions concerning capital
expenditures, earnings, litigation, rate and other regulatory matters, the
outcome of Protection One accounting issues being reviewed by the SEC staff,
possible corporate restructurings, mergers, acquisitions, dispositions,
liquidity and capital resources, interest and dividend rates, environmental
matters, changing weather, nuclear operations, ability to enter new markets
successfully and capitalize on growth opportunities in nonregulated
businesses, events in foreign markets in which investments have been made, and
accounting matters. Our actual results may differ materially from those
discussed here.
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See the company's and Protection One's 1999 Annual Report on Form 10-K and
Form 10-K/A, and current reports on Form 8K for further discussion of factors
affecting the company's and Protection One's performance. Western Resources
disclaims any obligation to update any forward-looking statements as a result
of developments occurring after the date of this news release.
