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 report)March 31, 2000 (January
31, 2000)
Conestoga Enterprises, Inc.
(Exact name of registrant as specified in its charter)
Pennsylvania 33 30715 23 256 5087
(State or other (Commission (IRS Employer
jurisdiction File Number) Identification No)
of incorporation)
202 East First Street, Birdsboro, Pennsylvania 19508
(Address of principal executive officers) (Zip Code)
Registrants telephone number, including area code 610 582 8711
(Former name or former address, if changed since last report.)
Item 5. Other Events.
On January 31, 2000 (the Effective Date), Conestoga
Enterprises, Inc., a Pennsylvania corporation (Registrant), acquired
TeleBeam, Incorporated, a Delaware corporation (TeleBeam), by the
merger of TeleBeam into TE Merger Corporation, a Pennsylvania
corporation and a wholly owned subsidiary of Registrant (Merger
Corporation), pursuant to an Amended and Restated Agreement and Plan of
Merger, dated as of November 12, 1999, by and among Registrant,
TeleBeam and Merger Corporation. As of the Effective Date the name of
Merger Corporation was amended to TeleBeam, Incorporated.
The transaction was accounted for under the pooling of
interests method of accounting.
Attached hereto as exhibit 99.1 is Registrants consolidated
earnings statement for the two months ended February 29, 2000. This
earnings statement includes the combined financial results of
Registrant and TeleBeam from the Effective Date through February 29,
2000, and is filed in this Current Report on Form 8 K in compliance
with Accounting Series Releases Nos. 130 and 135 of the Securities and
Exchange Commission (SEC) and Section 201.01 of the SECs Codification
of Financial Reporting Policies.
Item 7. Financial Statements and Exhibits
(c) Exhibits
99.1 Consolidated Earnings Statement of Conestoga
Enterprises, Inc. for two months ended February 29, 2000.
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.
CONESTOGA ENTERPRISES, INC.
By:
Name: Albert H. Kramer
Title: President
Date: March 30, 2000
EXHIBIT INDEX
Exhibit Number Description
99.1 Consolidated Earnings Statement of Conestoga Enterprises,
Inc. for two months ended February 29, 2000.
EXHIBIT 99.1
CONESTOGA ENTERPRISES, INC AND SUBSIDIARIES
EARNINGS STATEMENT
As required by SEC Accounting Series Releases Nos. 130 and 135 and
Section 201.01 of the SECs Codification of Financial Reporting Policies
CONESTOGA ENTERPRISES, INC.
CONSOLIDATED STATEMENTS OF INCOME
(dollars in thousands, except per share data)
Two Months Ended
February 28, 2000
(unaudited)
Operating revenues:
Local service $ 2,246
Long distance and access service 8,258
Wireless service 535
Equipment and other 3,426
14,465
Operating expenses:
Operations and cost of sales 6,103
Depreciation and amortization 2,726
Selling, general and administrative 4,056
Acquisition costs 841
13,726
Operating income 739
Other income (expense), net:
Interest expense (693)
Other, net 49
(644)
Income before income taxes 95
Income taxes 454
Net income (loss) $ (359)
Basic earnings per share $ (0.06)
Diluted earnings per share $ (0.06)
