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UNITED STATES
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
March 17, 1997
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Date of Report (Date of earliest event reported)
Heartland Wireless Communications, Inc.
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(Exact Name of registrant as specified in its charter)
Delaware 0-23695 73-1435149
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
200 Chisholm Place, Suite 200, Plano, Texas 75075
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(Address of Principal Executive Offices) (Zip Code)
(972) 423-9494
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(Registrant's Telephone Number, Including Area Code)
N/A
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(Former Name, Former Address and Former
Fiscal Year, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS
As permitted by General Instruction F to Form 8-K promulgated under the
Securities Exchange Act of 1934, as amended, Heartland Wireless Communications,
Inc., a Delaware corporation (the "Registrant") is filing as an exhibit to this
Current Report on Form 8-K that press release issued by and on behalf of the
Registrant on March 17, 1997, which such press release is specifically
incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS
(a) Exhibits.
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Exhibit No. Document Description
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99.1 Press release issued by the Registrant on
March 17, 1997
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Current Report to be signed on its behalf by
the undersigned hereunto duly authorized.
HEARTLAND WIRELESS COMMUNICATIONS, INC.
Dated: March 17, 1997 By: /s/ J. Curtis Henderson
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J. Curtis Henderson
Vice President and General Counsel
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INDEX TO EXHIBITS
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EXHIBIT
NUMBER DESCRIPTION
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99.1 Press release issued by the Registrant on March 17, 1997
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FOR IMMEDIATE RELEASE
For further information contact:
Russell J. Iorio
Director of Investor Communications
(972) 633-4042
HEARTLAND ANNOUNCES SENIOR MANAGEMENT DEPARTURES
Dallas, Texas - March 17, 1997 - Heartland Wireless Communications, Inc.
(Nasdaq NMS -- HART) today announced that John R. Bailey, Randy R. Hendrix and
Robert R. Story have left the Company as part of a management and operational
restructuring. Mr. Bailey was formerly Senior Vice President - Finance, Chief
Financial Officer, Treasurer and Assistant Secretary; Mr. Hendrix was formerly
Senior Vice President - Marketing and Mr. Story was formerly Senior Vice
President - Operations. John A. Fanning, interim President and Chief Executive
Officer of Heartland, will assume the duties of Mr. Bailey until a replacement
is named. Other members of Heartland's management team will assume the duties
of Mr. Hendrix and Mr. Story.
Mr. Fanning commented on the departures by stating, "These moves are consistent
with our plan to restructure the Company in order to improve cash flow and
profitability. These three individuals were instrumental in the development of
Heartland and the Company wishes them the best."
Heartland will release preliminary fourth quarter and year ended December 31,
1996 results at 4:00 P.M. (EST) on March 20, 1997. In conjunction with the
release, management will hold a conference call to discuss the results which is
scheduled to begin at 5:00 P.M. (EST). Investors can participate by calling
(800) 788-9726, pass code 3982#. A rebroadcast of the conference call will be
available for 24 hours beginning at 7:00 P.M. (EST). To listen to the
recording, call (800) 788-9726, pass code 4049#.
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Pro-forma for previously disclosed acquisitions and divestitures, Heartland
Wireless Communications, Inc. currently holds wireless cable channel rights in
95 small to mid-size markets located in the central United States, representing
approximately 10.3 million households, approximately 9.2 million of which can
be served by line-of-sight transmissions. Furthermore, Heartland estimates
that within these markets approximately 3.7 million households are currently
unpassed by traditional hard-wire cable systems. In addition, Heartland owns a
21% equity interest in Wireless One, Inc. (Nasdaq NMS--WIRL) and owns a 37%
pro-forma equity interest in CS Wireless Systems, Inc.
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