SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A NO. 1
(Mark one)
[ X ] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the Fiscal Year Ended: December 31, 1999
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[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from __________ to __________
Commission File Number: 0-19179
CT COMMUNICATIONS, INC.
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(Exact name of registrant as specified in its charter)
North Carolina 56-1837282
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State or other jurisdiction (I.R.S. Employer Identification Number)
of incorporation or organization
68 Cabarrus Avenue, East, Concord, North Carolina 28025
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (704) 722-2500
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Securities registered pursuant to Section 12(b) of the Act:
Title of each class: Name of exchange on which registered:
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None None
Securities registered pursuant to Section 12(g) of the Act:
Common Stock
Rights to Purchase Common Stock
Indicate by check mark whether the Company (1) has filed all reports required to
be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the preceding 12 months (or for such shorter period that the Company was
required to file such reports), and (2) has been subject to such filing
requirements for the past 90 days. Yes X No
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Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [ ]
The aggregate market value of the voting stock held by nonaffiliates of the
Company is approximately $527,598,426 (based on the June 19, 2000 closing price
of the Common Stock of $30.12 per share). As of June 19, 2000, there were
18,842,242 shares of the Company's Common Stock outstanding.
Documents Incorporated by Reference
None
Item 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K.
Exhibit 99.1 hereof sets forth the consolidated balance sheets of
Palmetto MobileNet, L.P., as of December 31, 1999 and 1998 and the related
consolidated statements of income and partners' equity, and cash flows for each
of the three year's ended December 31, 1999, 1998 and 1997, which are included
pursuant to Rule 3-09 of Securities and Exchange Commission Regulation S-X.
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
CT COMMUNICATIONS, INC.
By: /s/ Michael R. Coltrane
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Michael R. Coltrane
President and Chief
Executive Officer
Date: June 27, 2000
/s/ Barry R. Rubens
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Barry R. Rubens
Senior Vice President, Treasurer and
Chief Financial Officer
(Principal Financial and Principal
Accounting Officer)
Date: June 27, 2000
Pursuant to the requirements of the Securities Exchange Act of 1934,
this Report has been signed below by the following persons on behalf of the
Registrant in the capacities and on the dates indicated.
Signature Title Date
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/s/ L. D. Coltrane, III
- ---------------------------- Chairman of the Board June 27, 2000
L. D. Coltrane, III and Director
/s/ Michael R. Coltrane
- ---------------------------- President, Chief Executive June 27, 2000
Michael R. Coltrane Officer and Director
(Principal Executive Officer)
/s/ John R. Boger, Jr.
- ---------------------------- Director June 27, 2000
John R. Boger, Jr.
/s/ O. Charlie Chewning, Jr.
- ----------------------------- Director June 27, 2000
O. Charlie Chewning, Jr.
/s/ William A. Coley
- ---------------------------- Director June 27, 2000
William A. Coley
/s/ Samuel E. Leftwich
- ---------------------------- Director June 27, 2000
Samuel E. Leftwich
/s/ Jerry H. McClellan
- ---------------------------- Director June 27, 2000
Jerry H. McClellan
/s/ Ben F. Mynatt
- ---------------------------- Director June 27, 2000
Ben F. Mynatt
/s/ Phil W. Widenhouse
- ---------------------------- Director June 27, 2000
Phil W. Widenhouse
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INDEX TO EXHIBITS
Exhibit
Number Description of Document
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23.2 Consent of Bauknight Pietras & Stormer, P.A.
23.3 Consent of Arthur Andersen LLP
99.1 Consolidated Financial Statements of Palmetto MobileNet, L.P.
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