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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): April 9, 1998
COMMNET CELLULAR INC.
(Exact name of registrant as specified in charter)
Colorado 0-15056 84-0924904
(State or other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
8350 East Crescent Parkway 80111
Suite 400 (Zip Code)
Englewood, Colorado
(Address of Principal
Executive Offices)
Registrant's telephone number, including area code: (303) 694-3234
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Item 5. Other Events.
CommNet Cellular Inc. (the "Company") announced on April 9, 1998 that
the Company will split its common stock five-for-one, with shareholders
receiving four additional shares for each share they own as of April 20, 1998,
the record date for the split. The payment date for the stock split will be May
7, 1998.
The Company has issued a press release announcing the stock split,
which press release is filed herewith as Exhibit 99.1.
Item 7. Financial Statements and Exhibits.
(c) The following exhibits are filed with this report:
99.1 Press Release dated April 9, 1998
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
as amended, the registrant has duly caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
COMMNET CELLULAR INC.
Date: April 9, 1998 By: /s/ Daniel P. Dwyer
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Daniel P. Dwyer
Chief Financial Officer
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Exhibit 99.1
[COMMNET CELLULAR INC. LOGO]
FOR IMMEDIATE RELEASE Contact: Daniel P. Dwyer
Chief Financial Officer
CommNet Cellular Inc.
(303) 694-8520
Web Site: http//www.cels.com
COMMENT CELLULAR TO SPLIT COMMON STOCK 5 FOR 1
Englewood, CO., April 9, 1998 /PRNewswire/- CommNet Cellular Inc. (Nasdaq
National Market:CELS) announced today it will split its common stock 5 for 1,
with shareholders receiving four additional shares for each share they own as of
April 20, 1998, the record date for the split. The payment date is May 7, 1998.
CommNet currently has approximately 4.5 million shares outstanding and
after the split will have approximately 22.5 million shares outstanding. As a
result of the recent recapitalization of CommNet and merger of AV Acquisition
Corp., an affiliate of The Blackstone Group's Blackstone Capital Partners II
Merchant Banking Fund L.P., with and into CommNet, Blackstone owns
approximately 87% of the stock outstanding.
CommNet operates, manages and finances cellular telephone systems in which
its subsidiaries and affiliates hold ownership interests. CommNet owns interests
in 82 markets located in 14 states with a proportionate interest in 3.6 million
pops. CommNet is the manager in 56 of these markets with a total population of
4.2 million residing in nine contiguous states in the mountain and plains
regions. These managed markets represent one of the largest geographic
collections of contiguous wireless systems in the United States.
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P.O. Box 6606 . Englewood, CO 80155-6606
8350 East Crescent Parkway, Suite 400 . Englewood, CO 80111 . (303) 694-3234
