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 reported event): October 5, 1999
AMERICAN MOBILE SATELLITE CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 0-23044 93-0976127
(State or other (Commission File No.) (IRS Employer
jurisdiction of Identification No.)
incorporation or
organization)
10802 Parkridge Boulevard
Reston, Virginia 20191-5416
(703) 758-6000
(Address, including zip code, and telephone number,
including area code, of registrant's principal
executive offices)
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ITEM 5. Other Events
On October 5, 1999, XM Satellite Radio Holdings Inc. ("XM Radio"), a
subsidiary of American Mobile Satellite Corporation (the "Company"), announced
that it had commenced an initial public offering of 10,000,000 shares of its
Class A common stock. The Company has committed to purchase 200,000 shares of XM
Radio's Class A common stock in such offering.
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Item 7. Financial Statements and Exhibits
(c) Exhibits
The following documents are filed as exhibits to the report:
Press Release of XM Radio dated October 5, 1999.
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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.
AMERICAN MOBILE SATELLITE
CORPORATION
By: /s/Walter V. Purnell
Walter V. Purnell
President and Chief
Executive Officer
Date: October 5, 1999
EXHIBIT 99.1
[XM Satellite Radio Logo]
FOR IMMEDIATE RELEASE
Contact: Vicki Stearn, (202) 969-7070, [email protected]
XM SATELLITE RADIO ANNOUNCES INITIAL PUBLIC OFFERING
AT $12 PER SHARE
Washington, DC, October 5, 1999 - XM Satellite Radio Holdings Inc. (NASDAQ:
XMSR) today announced that it has commenced its initial public offering of
10,000,000 shares of common stock at $12 per share. A subsidiary of Englewood,
CO-based Liberty Media Corporation (NYSE:LMG.A/B) has agreed to acquire one
million shares of this offering. XM has granted its underwriters an
over-allotment option to purchase up to an additional 1,500,000 shares of common
stock if necessary. The shares are being sold by the Company through its
underwriters Bear, Stearns & Co. Inc.; Donaldson, Lufkin & Jenrette; Deutsche
Banc Alex. Brown; and Merrill Lynch & Co. The shares begin trading today on the
Nasdaq National Market under the symbol "XMSR." The offering is expected to
close on Friday, October 8, 1999.
XM Satellite Radio plans to transmit up to 100 national audio channels of music,
news, talk, sports and children's programming from two satellites directly to
vehicle, home and portable radios for a monthly subscription price of $9.95.
A prospectus for these securities may be obtained from Bear, Stearns & Co. Inc.,
245 Park Avenue, New York, NY 10167; Donaldson, Lufkin & Jenrette Securities
Corporation, 277 Park Avenue, New York, NY 10172; Deutsche Banc Alex. Brown, 130
Liberty Street, New York, NY 10006; and, Merrill Lynch, 250 Vesey Street, New
York, NY 10281.
A registration statement relating to these securities was filed and
declared effective by the Securities and Exchange Commission. This press
release does not constitute an offer to sell or the solicitation of an
offer to buy nor shall there be any sale of these securities in any state
in which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such state.
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