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) January 16, 2000
PSINet Inc.
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
New York 0-25812 16-1353600
- --------------------------------------------------------------------------------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
510 Huntmar Park Drive, Herndon, Virginia 20170
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (703) 904-4100
- --------------------------------------------------------------------------------
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events
On January 18, 2000, PSINet Inc. issued a press release, a copy of
which is attached hereto as Exhibit 99.1 and incorporated herein by reference,
announcing a two-for-one stock split of its common stock.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
Exhibit 99.1 Press Release dated January 18, 2000.
<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.
Dated: January 16, 2000 PSINET INC.
By:/s/Edward D. Postal
-----------------------------
Edward D. Postal
Executive Vice President and
Chief Financial Officer
<PAGE>
EXHIBIT INDEX
Exhibit Number Exhibit Name Location
- -------------- ------------ --------
99.1 Press Release dated January 18, 2000 5
Exhibit 99.1
FOR IMMEDIATE RELEASE
- ---------------------
Media Contact: Analyst Contact:
Reid Walker David Lerch
(703) 375-1103 (703) 375-1245
[email protected] [email protected]
PSINET ANNOUNCES TWO-FOR-ONE STOCK SPLIT
HERNDON, Va., January 18, 2000- PSINet Inc. (Nasdaq:PSIX), the Internet Super
Carrier, today announced that its board of directors has approved a two-for-one
stock split of the company's common stock, which will be effected in the form of
a stock dividend. Shareholders of record at the close of business on January 28,
2000 will receive one additional share of PSINet common stock for each share
held. Certificates for the additional shares will be distributed by the
company's transfer agent on or about February 11, 2000. Based on the number of
shares currently outstanding, following the effective date of the split, PSINet
will have approximately 146.5 million shares outstanding.
Headquartered in Herndon, Va., PSINet is an Internet Super Carrier offering
global E-commerce infrastructure and a full suite of retail and wholesale
Internet services through wholly-owned PSINet subsidiaries. Services are
provided on PSINet-owned and operated fiber, satellite, Web hosting and
switching facilities providing direct access in more than 800 metropolitan areas
in 25 countries on five continents. PSINet information can be obtained by e-mail
at [email protected], by accessing the Web site at www.psinet.com or by calling in
the U.S.1-800-799-0676.
