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 5, 1997
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ECHOSTAR COMMUNICATIONS CORPORATION
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(EXACT NAME OF REGISTRANT AS SPECIFIED IN CHARTER)
NEVADA 0-26176 88-0336997
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(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
90 INVERNESS CIRCLE EAST, ENGLEWOOD, COLORADO 80112
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(Address of principal executive offices) (Zip Code)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (303) 799-8222
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Not Applicable
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(Former name or former address, if changed since last report)
ITEM 5. OTHER EVENTS.
As previously disclosed, effective with its Quarterly Report on Form
10-Q for the three months ended June 30, 1997, EchoStar Communications
Corporation (EchoStar) does not technically comply with the criteria for
listing on the NASDAQ National Market. Specifically, EchoStar's net tangible
assets (calculated as total assets less total liabilities) are less than the
$2 million minimum NASDAQ National Market maintenance standard. This
technical non-compliance results primarily from depreciation of EchoStar's
satellites and related DBS infrastructure assets, and accretion of the debt
financing EchoStar has used to finance construction of that infrastructure,
in advance of the increasing revenue expected to be generated from that
infrastructure. As expected, during September 1997 EchoStar received written
confirmation that its Class A Common Stock will continue to be listed on the
NASDAQ National Market notwithstanding EchoStar's technical non-compliance.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Financial statements of business acquired
Not applicable
(b) Pro forma financial information
Not applicable
(c) Exhibits
99.1 Letter received by EchoStar Communications Corporation from
The Nasdaq Stock Market, Inc.
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.
ECHOSTAR COMMUNICATIONS CORPORATION
Date: September 5, 1997 By: /s/ David K. Moskowitz
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David K. Moskowitz
Senior Vice President and
General Counsel