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): April 14, 1999
McLEODUSA INCORPORATED
(Exact name of registrant as specified in its charter)
Delaware 0-20763 42-1407240
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification Number)
McLeodUSA Technology Park
6400 C Street SW, P.O. Box 3177
Cedar Rapids, IA 52406-3177
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (319) 364-0000
Not applicable
(Former name or former address, if changed since last report)
Item 5. Other Events
Announcement of Data Strategy
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On April 14, 1999, McLeodUSA Incorporated issued a press release
announcing its plans to offer high-speed digital access and data services as
part of its integrated communications product package using DSL (Digital
Subscriber Line) and other technologies. These services are expected to include:
. basic dial tone transmitted digitally,
. high-speed data communications for Internet and intranet
applications and
. commercial network connections for local area, metropolitan
area and wide area networks.
Attached as Exhibit 99.1 to this Current Report on Form 8-K is the text
of the April 14, 1999 press release announcing the proposed data strategy.
McLeodUSA also made available 12 slides regarding its proposed data strategy on
its Internet Web site at www.mcleodusa.com/datashow. The contents of these
slides are described in Exhibit 99.2 to this Current Report on Form 8-K.
Proposed Secondary Offering of Class A Common Stock
- ---------------------------------------------------
On April 14, 1999, McLeodUSA issued a press release announcing its plans
to file a registration statement with the Securities and Exchange Commission in
connection with a proposed underwritten secondary offering of up to nine million
shares of its Class A common stock by several of its stockholders. Attached as
Exhibit 99.3 to this Current Report on Form 8-K is the text of the April 14,
1999 press release announcing the proposed secondary offering.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits.
99.1 Press release, dated April 14, 1999, announcing the
proposed data strategy.
99.2 Description of 12 slides regarding the proposed data
strategy.
99.3 Press release, dated April 14, 1999, announcing the
proposed secondary offering.
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* * * * *
Some of the statements contained in this Current Report on Form 8-K
discuss future expectations, contain projections of results of operations or
financial condition or state other forward-looking information. Those statements
are subject to known and unknown risks, uncertainties and other factors that
could cause the actual results to differ materially from those contemplated by
the statements. The "forward-looking" information is based on various factors
and was derived using numerous assumptions. In some cases, you can identify
these so-called forward-looking statements by words like "may," "will,"
"should," "expects," "plans," "anticipates," "believes," "estimates,"
"predicts," "potential," or "continue" or the negative of those words and other
comparable words. You should be aware that those statements only reflect the
predictions of McLeodUSA. Actual events or results may differ substantially.
Important factors that could cause actual results of McLeodUSA to be materially
different from the forward-looking statements include availability of financing
and regulatory approvals, the number of potential customers in a target market,
the existence of strategic alliances or relationships, technological, regulatory
or other developments in the industry, changes in the competitive climate in
which McLeodUSA operates and the emergence of future opportunities. These and
other applicable risks are summarized under the caption "Risk Factors" in the
McLeodUSA Annual Report on Form 10-K for the fiscal year ended December 31,
1998, which is filed with the Securities and Exchange Commission.
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SIGNATURE
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.
McLEODUSA INCORPORATED
Date: April 16, 1999 By: /s/ Randall Rings
----------------------
Randall Rings
Vice President, Secretary and
General Counsel
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EXHIBIT INDEX
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Exhibit Description
- ------- -----------
99.1 Press release, dated April 14, 1999, announcing the proposed
data strategy.
99.2 Description of 12 slides regarding the proposed data strategy.
99.3 Press release, dated April 14, 1999, announcing the proposed
secondary offering.
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