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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported): November 24, 1999
US WATS, INC.
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(Exact name of Registrant as Specified in its Charter)
0-22944
(Commission File Number)
New York 22-3055962
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(State or Other Jurisdiction (IRS Employer Identification
of Incorporation) Number)
2 Greenwood Square
3331 Street Road
Suite 275
Bensalem, Pennsylvania 19020
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(Address, including zip code, of Registrant's Principal Executive Offices)
(215) 633-9400
(Registrant's telephone number, including area code)
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Item 5. Other Events.
(i) Annual Shareholders Meeting. On November 24, 1999, the Annual
Meeting of Shareholders of US WATS, Inc. ("the Company") was held and action was
taken on four matters described in the Company's proxy statement prepared in
connection with such meeting. A brief description of each matter and the voting
results follows:
1. The election of five directors (James M. Rossi, Walt Anderson, Murray
Goldberg, Artie Regan and Dominic J. Romano) to the Board of Directors to serve
a term until the next annual meeting of shareholders and until his successor is
duly elected and qualified. The voting results are summarized below:
Director For Withheld Total
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James M. Rossi 17,760,632 15,400 17,776,032
Walt Anderson 17,761,232 14,800 17,776,032
Murray Goldberg 17,756,622 19,410 17,776,032
Artie Regan 17,757,232 18,800 17,776,032
Dominic J. Romano 17,761,232 14,800 17,776,032
2. An amendment to the Certificate of Incorporation of the Company:
15,109,357 Votes in favor
259,640 Votes against
11,200 Abstentions
2,395,835 Broker non-votes
3. Adoption of the 1999 Stock Option Plan received votes as follows:
14,988,584 Votes in favor
331,561 Votes against
10,900 Abstentions
2,444,987 Broker non-votes
4. Reincorporation of the Company to Delaware received votes as follows:
15,272,797 Votes in favor
100,850 Votes against
6,550 Abstentions
2,395,835 Broker non-votes
Each of the matters presented above received a sufficient amount of votes
to be approved.
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SIGNATURE
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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.
US WATS, INC.
Date: December 8, 1999 By: /s/ David Hurwitz
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Title: President and Chief Executive Officer
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