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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) - FEBRUARY 12, 1999
MINNESOTA POWER, INC.
A Minnesota Corporation
Commission File No. 1-3548
IRS Employer Identification No. 41-0418150
30 West Superior Street
Duluth, Minnesota 55802
Telephone - (218) 722-2641
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ITEM 5. OTHER EVENTS.
Reference is made to the Annual Report on Form 10-K for the year ended December
31, 1998 (1998 Form 10-K) of Minnesota Power, Inc. (Minnesota Power or Company)
for background information on the following update. The cited reference is to
the Company's 1998 Form 10-K.
Ref. Page 18 - Fifth Paragraph.
Ref. Page 21 - Second Paragraph.
Ref. Page 27 - First Full Paragraph.
On February 12, 1999 the Federal Energy Regulatory Commission approved the
two-for-one stock split authorized by Minnesota Power's Board of Directors on
January 15, 1999. The effective date of the stock split will be March 2, 1999 to
shareholders of record at the close of business February 16, 1999.
As a result of the stock split, the remaining number of shares of Common Stock
registered under the Securities Act of 1933, as amended, under the Company's
registration statements listed below will be adjusted in proportion to the stock
split.
1. Registration Statement No. 333-02109 (relating to the Company's Dividend
Reinvestment and Stock Purchase Plan).
2. Registration Statement No. 333-52161 (relating to the Company's
shelf registration).
3. Registration Statement No. 33-51989 (relating to the Minnesota Power
and Affiliated Companies Employee Stock Purchase Plan).
4. Registration Statement No. 333-26755 (relating to the Minnesota Power
and Affiliated Companies Supplemental Retirement Plan).
5. Registration Statement No. 333-16463 (relating to the Company's
Executive Long-Term Incentive Compensation Plan).
6. Registration Statement No. 333-16445 (relating to the Company's Director
Long-Term Stock Incentive Plan).
7. Registration Statement No. 333-07963 (relating to offer by selling
shareholders).
8. Registration Statement No. 333-40797 (relating to offer by selling
shareholders).
9. Registration Statement No. 333-58945 (relating to offer by selling
shareholders).
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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.
Minnesota Power, Inc.
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(Registrant)
February 12, 1999 D. G. Gartzke
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D. G. Gartzke
Senior Vice President - Finance
and Chief Financial Officer
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