SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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)
MARCH 5, 2003
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NTL INCORPORATED
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(Exact Name of Registrant as Specified in Charter)
Delaware 0-22616 52-1822078
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(State or Other (Commission (IRS Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
110 East 59th Street, New York, New York 10022
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(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, including area code (212) 906-8440
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(Former Name or Former Address, if Changed Since Last Report)
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
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Exhibits
99.1 Press Release issued March 5, 2003
ITEM 9. REGULATION FD DISCLOSURE
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NTL Incorporated (NASDAQ: NTLI) announced today that it has appointed Scott
Schubert as Chief Financial Officer effective April 1, 2003.
SIGNATURES
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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.
NTL INCORPORATED
(Registrant)
By:
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Name: Richard J. Lubasch
Title: Executive Vice President -
General Counsel
Dated: March 5, 2003
EXHIBIT INDEX
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EXHIBIT
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99.1 Press Release issued March 5, 2003
Exhibit 99.1
(NTL LOGO)
NTL INCORPORATED APPOINTS SCOTT SCHUBERT AS CHIEF FINANCIAL OFFICER
LONDON, March 5, 2003 - NTL Incorporated (NASDAQ: NTLI) announced today that it
has appointed Scott Schubert as Chief Financial Officer effective April 1, 2003.
Scott is currently the Executive Vice President & Chief Financial Officer of
WilTel Communications Group.
Mr Schubert will be responsible for all of NTL's financial activities, including
Cash Management, Credit Management, Capital Budgeting, Financial Planning and
Analysis, Tax, Financial Reporting, SEC and Regulatory Filings, Accounting
Systems and Controls, Internal Audit, and Investor Relations. He will report to
Barclay Knapp, Chief Executive Officer and be based in the company's operational
headquarters in Hook, Hampshire. He will join the Executive Management Group.
Mr Schubert started his career at Amoco Corporation in 1976, upon graduation
from Purdue University where he completed his MBA degree in Finance in 1976 and
a Bachelor of Science in Management in 1975. With Amoco, he held various
assignments, including working in Managerial and Financial Accounting, Financial
Evaluation and Analysis, Planning and Economic Analysis, Strategic Planning and
Treasury. In 1991 Mr Schubert became International Controller of Exploration &
Production and in 1995 he was appointed Vice President, Worldwide Financial
Services, responsible for all of the company's financial and accounting
operations. Following the merger of BP and Amoco in 1998, Mr Schubert led the
successful integration of the companies' financial operations as head of BP
Amoco's Global Financial Services.
In 1999, Mr Schubert joined Williams Communications Group Inc as Chief Financial
Officer. Williams delivers voice, data, video and IP services for worldwide
telecom carriers, internet service providers and global media and entertainment
companies. He led the company's IPO and successfully introduced a
performance-driven culture. Most recently, in 2002, he successfully led and
completed the financial restructuring of the company's balance sheet.
Barclay Knapp, Chief Executive Officer of NTL said "I am delighted that Scott is
joining us as CFO. He has over 25 years of broad financial leadership
experience, including the past 4 years in the telecommunications and media
industry, and is therefore well equipped to help exploit the opportunities at
NTL as we focus on delivering profitable growth and returning to service
excellence."
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Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995
Certain statements contained herein constitute "forward-looking statements" as
that term is defined under the Private Securities Litigation Reform Act of 1995.
When used herein, forward-looking statements involve known and unknown risks,
uncertainties, and other factors that may cause the actual results, performance
or achievements of the Company, or industry results, to be materially different
from those contemplated, projected, forecasted, estimated, budgeted, whether
expressed or implied, by such forward-looking statements. Such factors include
the following: general economic and business conditions and other matters.
For further information, please contact:
In the UK:
Analysts, Debt and Equity Holders:
Virginia Ramsden, +44 (0)20 7746 6826,
or via e-mail at investorrelations@ntl.com
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Media:
Alison Kirkwood +44 (0) 1256 752662 / (0) 7788 186 154
Justine Parrish, +44 (0)20 7746 4096 / (0)7966 421 991
Richard Oldworth, Jeremy Garcia or Mark Edwards - Buchanan Communications
Tel: +44 (0)20 7466 5000
In the US:
Analysts, Debt and Equity Holders:
Bret Richter, Senior Vice President Corporate Finance and Development
Tamar Gerber, Director Investor Relations
Tel: (+1) 212 906 8440, or via e-mail at investor_relations@ntli.com
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More on NTL:
o NTL Incorporated (NASDAQ: NTLI) offers a wide range of communications
services to residential and business customers throughout the UK and
Ireland.
o NTL's fibre-optic broadband network passes 8.4 million homes in the UK
including London, Manchester, Nottingham, Oxford, Cambridge, Cardiff,
Glasgow and Belfast. NTL Ireland has an extensive network using
fibre-optic, broadband coax & copper, broadcast, satellite and radio
technologies to provide services to its 370,000 customers in Dublin, Galway
and Waterford.
o An online media centre is available at www.ntl.com/mediacentre featuring
recent press releases, fact sheet, recapitalisation history and key dates,
photography and logos.