UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
(X) CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) June 30, 1997
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AMERICAN TELECASTING, INC.
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(Exact Name of Registrant as Specified in Charter)
Delaware 0-23008 54-1486988
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(State or Other (Commission File (IRS Employer
Jurisdiction of Number) Identification No.)
Incorporation)
5575 Tech Center Drive, Suite 300, Colorado Springs CO 80919
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (719) 260-5533
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events
On June 30, 1997, American Telecasting, Inc. issued the following press
release.
HEARING DATE SET FOR REVIEW OF NASDAQ DETERMINATION
TO DELIST AMERICAN TELECASTING, INC. CLASS A COMMON STOCK
Colorado Springs, Colorado, June 30, 1997 -- American Telecasting, Inc.
("ATI") (Nasdaq: ATEL) announced today that July 25, 1997 has been set as the
date for an oral hearing on ATI's appeal of the determination by the staff of
The Nasdaq Stock Market, Inc. to delist ATI from The Nasdaq Stock Market. The
hearing will be conducted before a Nasdaq review committee. The Company's
Class A common stock will continue to be listed on the Nasdaq National Market
until the review committee issues its decision, which is expected within a
week after the hearing.
The Company is unable to predict whether its appeal will be successful.
If the appeal is unsuccessful, the Class A common stock would be removed from
listing on the Nasdaq National Market and it would likely be more difficult to
buy or sell the Class A common stock or to obtain timely and accurate
quotations to buy or sell. In addition, the delisting process could result in
a decline in the trading market for the Class A common stock, which could
potentially depress the Company's stock and bond prices, among other
consequences.
American Telecasting, Inc. is one of the largest operators of wireless
cable television systems in the United States serving approximately 173,600
subscribers in 38 markets. Wireless cable television systems use microwave
frequencies licensed by the FCC to provide multiple channel subscription
television programming. Along with its commitment to deliver high levels of
customer service, American Telecasting, Inc. offers value programming packages
by pricing its products lower than its franchise cable and direct broadcast
satellite competitors, creating improved value for its customers.
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SIGNATURES
Pursuant to the requirements of the Securities Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
AMERICAN TELECASTING, INC.
By: /s/ DAVID K. SENTMAN
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David K. Sentman
Sr. Vice President and
Chief Financial Officer
Date: June 30, 1997
