UNITED STATES
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): September 8, 2004
TELEWEST GLOBAL, INC.
(Exact name of registrant as specified in its charter)
Delaware File No. 000-50886 59-3778247
(State of incorporation) (Commission File Number) (IRS Employer
Identification No.)
160 Great Portland Street
London W1W 5QA, United Kingdom
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(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code: +44-20-7299-5000
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of
the following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17
CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
ITEM 1.01 ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT
On October 22, 2004, Telewest Global, Inc. (the "Company") entered into an
employment agreement with Anthony W.P. Stenham, the Chairman of the board
of directors of the Company, on substantially the terms and conditions
previously disclosed in the Company's Registration Statement on Form S-1
(No. 333-115508) filed with the U.S. Securities and Exchange on July 16,
2004, with the following changes:
o Mr. Stenham will be provided with substantially the same medical
benefits as provided by the Company to other members of its senior
leadership team;
o Mr. Stenham's engagement with the Company may be terminated
immediately at any time, provided that Mr. Stenham is entitled to a
severance payment of (pound)450,000 if such termination is without
cause;
o Pursuant to his employment agreement, Mr. Stenham has been granted
options to purchase 367,500 shares of the Company's common stock at an
exercise price of $0.01 per share in lieu of his previously disclosed
entitlement to 367,500 shares of restricted stock. The options vest in
arrears, subject to ratable acceleration upon the satisfaction of
performance goals measured annually over a five-year period on the
same terms as the proposed restricted stock grant.
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 thereunto duly authorized.
TELEWEST GLOBAL, INC.
Dated: October 22, 2004 By: /s/ Clive Burns
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Name: Clive Burns
Title: Secretary