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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 30, 1999
MCLEODUSA INCORPORATED
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 0-20763 42-1407240
(STATE OR OTHER COMMISSION (IRS EMPLOYER
JURISDICTION FILE NUMBER) IDENTIFICATION
OF INCORPORATION) NUMBER)
MCLEODUSA TECHNOLOGY PARK
6400 C STREET, S.W., P.O. BOX 3177,
CEDAR RAPIDS, IA 52406-3177
(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
McLeodUSA Incorporated (the "Company") announced on June 30, 1999 that its
Board of Directors had declared a two-for-one stock split to be effected in the
form of a stock dividend.
The record date for the stock split will be July 12, 1999. Stockholders of
record at the market close on that date will receive one additional share of the
Company's Class A common stock, $.01 par value per share, for each share held.
Distribution of the additional shares will take place on July 26, 1999.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibits.
99.1 Press Release, dated June 30, 1999, announcing the Board of Directors of
McLeodUSA Incorporated had declared a two-for-one stock split to be
effected in the form of a stock dividend.
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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.
McLeodUSA Incorporated
Date: July 2, 1999 By: /s/ Randall Rings
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Randall Rings
Vice President, Secretary and
General Counsel
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EXHIBIT INDEX
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EXHIBIT NUMBERING
NUMBER EXHIBIT SYSTEM
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99.1 Press Release, dated June 30, 1999, announcing
a two-for-one stock split to be effected in
the form of a stock dividend.
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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
Contact:
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McLeodUSA Incorporated
McLeodUSA Technology Park
6400 C Street SW PO Box 3177
Cedar Rapids, IA 52406-3177
Press and Investor Contact: Bryce E. Nemitz
Phone: 319-790-7800 Fax: 319-298-7767
[email protected]
Web Site: www.mcleodusa.com
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McLEODUSA ANNOUNCES TWO-FOR-ONE STOCK SPLIT
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CEDAR RAPIDS, IOWA - June 30, 1999 - McLeodUSA Incorporated (NASDAQ/NMS:MCLD), a
leading Integrated Communications Provider (ICP) in Midwest and Rocky Mountain
states, today announced that its Board of Directors has declared a two-for-one
stock split in the form of a stock dividend. The record date for the stock split
will be July 12, 1999. Stockholders of record at market close on that date will
receive one additional share of McLeodUSA common stock for each share held.
Distribution of the additional shares will take place on July 26, 1999.
"We are extremely pleased to announce this two-for-one stock split," stated
Clark McLeod, Chairman of the Board and Chief Executive Officer, "and we believe
this action will help widen the distribution and enhance the marketability of
McLeodUSA common stock."
McLeodUSA is a provider of integrated communications services to business and
residential customers in Midwest and Rocky Mountain states; additional expansion
states are planned. McLeodUSA is a facilities-oriented communications provider
with 15 switches, 7,654 route miles of fiber optics network, 495,000 local
lines, and 6,100 employees. In the next 12 months, our publishing subsidiaries
plan to distribute nearly 21 million copies of competitive directories in 22
states, expected to reach nearly 36 million people.
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