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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 reported): June 10, 1997
MCLEODUSA INCORPORATED
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(Exact name of registrant as specified in its charter)
Delaware 0-20763 42-1407240
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification
Number)
6400 C Street, S.W., P.O. Box 3177, Cedar Rapids, IA 52406-3177
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (319) 364-0000
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INFORMATION TO BE INCLUDED IN THE REPORT
ITEM 5. OTHER EVENTS
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ACQUISITION OF ESI COMMUNICATIONS, INC.
On June 10, 1997, McLeodUSA Incorporated (the "Company") acquired
substantially all of the assets of ESI Communications, Inc., a Minnesota
corporation, ESI Communications/SW, Inc., a Minnesota corporation, ESI
Communications/West, Inc., a Minnesota corporation, ESI Communications Downtown,
Inc., a Minnesota corporation, and ESI Communications North, Inc., a Minnesota
corporation (collectively, "ESI Communications") pursuant to an Asset Purchase
Agreement which was filed as Exhibit 2.1 to the Current Report on Form 8-K filed
by the Company on June 26, 1997. The Company paid an aggregate cash purchase
price of approximately $15.2 million for such assets. ESI Communications sells,
installs and services telephone systems in Minnesota.
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ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
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(c) The following exhibits are filed with this report:
2.1 Asset Purchase Agreement, dated as of May 30, 1997, by and
among McLeodUSA Incorporated, ESI/McLeodUSA, Inc., and ESI
Communications, Inc., ESI Communications/SW, Inc., ESI
Communications/West, Inc., ESI Communications Downtown, Inc., ESI
Communications North, Inc., and Michael Reichert, Peter Jones,
John Pupkes and Jeff Meehan. (Filed as Exhibit 2.1 to the
Current Report on Form 8-K filed June 26, 1997 and incorporated
herein by reference).
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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.
Date: July 17, 1997 McLEODUSA INCORPORATED
By: /s/ Stephen C. Gray
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Stephen C. Gray
President and Chief Operating
Officer
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EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
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2.1 Asset Purchase Agreement, dated as of May 30, 1997, by and
among McLeodUSA Incorporated, ESI/McLeodUSA, Inc., and ESI
Communications, Inc., ESI Communications/SW, Inc., ESI
Communications/West, Inc., ESI Communications Downtown, Inc., ESI
Communications North, Inc., and Michael Reichert, Peter Jones,
John Pupkes and Jeff Meehan. (Filed as Exhibit 2.1 to the
Current Report on Form 8-K filed June 26, 1997 and incorporated
herein by reference).
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