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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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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): September 24, 1997
MIDCOM Communications Inc.
(Exact name of registrant as specified in its charter)
Washington
(State or other jurisdiction of incorporation or organization)
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000-26118 91-1438806
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(Commission File Number) (I.R.S Employer Identification No.)
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26899 Northwestern Highway
Suite 120
Southfield, Michigan 48034
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(Address of principal executive offices)
(248) 304-1780
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(Registrant's telephone number, including area code)
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Item 5. Other Events
On September 2, 1997 MIDCOM Communications Inc. (the "Company") issued
a press release announcing the appointment of the Company's new Chief Financial
Officer. The text of that press release is included with this report as Exhibit
99.1.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits
99.1 Press release dated September 2, 1997.
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.
MIDCOM COMMUNICATIONS INC.
Dated: September 24, 1997 By: /s/ Steven P. Goldman
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Steven P. Goldman
Vice President and General Counsel
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MIDCOM COMMUNICATIONS INC.
EXHIBIT INDEX
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99.1 Press release dated September 2, 1997.
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Exhibit 99.1
[MIDCOM LOGO]
FOR IMMEDIATE RELEASE
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Contact: Teresa C. Stackpole
Director, Corporate Communications
206/628-6115
MIDCOM APPOINTS CHIEF FINANCIAL OFFICER
SOUTHFIELD, MI (September 2, 1997) -- MIDCOM Communications Inc. (NASDAQ: MCCI)
today named Kevin J. Smith as executive vice president and chief financial
officer. Smith, who comes to MIDCOM from his most recent role as chief
executive officer for Alexsis Inc., one of the nation's largest third-party
administrators of casualty insurance claims, will oversee all finance and
accounting functions for the company. His short term focus will be on
completion of the company's previously announced financing initiatives and its
pending merger with Phoenix Network and Trans National Communications.
"We're very happy to have Kevin on board as a key member of the MIDCOM
team. He brings a wealth of financial experience to the table from his past
involvement in reorganizations, leveraged-buyouts, acquisitions and
divestitures," said William H. Oberlin, MIDCOM's president and chief executive
officer. "His background also includes strengths beyond his financial
experience that will augment his contribution to our rapidly growing company,"
he added.
Smith has over twenty years of extensive operational and financial
management experience in both the financial services and consumer products
industries. During his tenure as chief executive officer for Alexsis, the
company's operating profit improved by $20 million in a two-year period and he
coordinated the sale of the company to CNA Insurance Companies. Prior
experience includes executive positions in key financial roles with Alexander &
Alexander Services Inc. and several Beatrice Company entities.
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Founded in 1989, MIDCOM Communications Inc. provides a broad range of
telecommunications services to small and medium-sized businesses nationwide.
The company has regional offices throughout the nation and currently invoices
approximately 100,000 customer locations per month.
