SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
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): July 21, 1998
GEOTEK COMMUNICATIONS, INC.
(Exact name of registrant as specified in charter)
Delaware 0-17581 22-2358635
(State of other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
102 Chestnut Ridge Road, Montvale, New Jersey 07645
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 201-930-9305
N/A
(Former name or former address, if changed since last report)
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Item 5. Other Events
On July 21, 1998, Geotek Communications, Inc. and its domestic
subsidiaries (the "Company") filed a Plan of Reorganization (the "Plan") and
related Disclosure Statement in the Bankruptcy Court for the District of
Delaware, as required under the Company's Debtor-in-Possession financing
agreement. Pursuant to the Plan, there would be no distribution to the Company's
Common Stock holders and outstanding shares of Common Stock would be canceled.
Under the Plan, the current holders of the Company's Common Stock and Preferred
Stock may be offered a contingent right, subject to the prior rights of the
Company's current unsecured creditors, to purchase shares of the new Common
Stock of the Company upon the Company's emergence from bankruptcy.
No assurances can be given that any definitive agreements will be
reached or that, if reached, the transactions contemplated by the Plan will be
consummated.
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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 hereunto duly authorized.
GEOTEK COMMUNICATIONS, INC.
Date: July 23, 1998 By: /s/ Robert Vecsler
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Name: Robert Vecsler
Title Secretary and General Counsel
