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): April 8, 1999
IPC INFORMATION SYSTEMS, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 0-25492 58-1636502
-------- ------- ----------
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification No.)
incorporation)
WALL STREET PLAZA, 88 PINE STREET, NEW YORK, NEW YORK 10005
(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code: (212) 825-9060
NONE
(Former name or former address, if changed since last report)
<PAGE>
ITEM 2. OTHER EVENTS
IPC Information Systems, Inc. (the "Company") and International
Exchange Networks, Ltd. ("IXnet"), a subsidiary of the Company, intend to
reorganize IXnet into a holding company structure owned by the Company after
which it is intended that the holding company will offer up to 20% of its common
stock in an initial public offering through a syndicate of underwriters on a
firm commitment basis.
ITEMS 1 THROUGH 4, 6, 8 AND 9.
Not applicable.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) The following Exhibit is filed as part of this report:
EXHIBIT NO. DESCRIPTION
----------- -----------
99.1 Press Release issued on April 8, 1999.
-2-
<PAGE>
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.
IPC INFORMATION SYSTEMS, INC.
By: /s/ Gerald E. Starr
-----------------------------------------
Gerald E. Starr
President and Chief Executive Officer
Dated: April 22, 1999
-3-
EXHIBIT 99.1
IPC INFORMATION SYSTEMS, INC. FINALIZES HOLDING COMPANY STRUCTURE
NEW YORK, April 8, 1999-- IPC Information Systems, Inc. (Amex: IPI) and IXnet, a
subsidiary of IPC, announced today that they intend to reorganize IXnet into a
holding company structure owned by IPC after which it is intended that the
holding company will offer up to 20% of its common stock in an initial public
offering through a syndicate of underwriters on a firm commitment basis. The
offering is expected to be completed during the 3rd quarter of 1999. The number
of shares and the aggregate value of common stock to be sold in the initial
public offering will be determined by IPC, IXnet and the underwriters.
This release is neither an offer to sell nor a solicitation of an offer to buy
common stock. A registration statement relating to the common stock of IXnet has
not yet been filed with the Securities and Exchange Commission. The offer will
be made only by the prospectus to be included in the registration statement.
This press release is being issued pursuant to and in accordance with Rule 135
under the Securities Act of 1933.
-4-
