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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):
JULY 15, 1999
McLEODUSA INCORPORATED
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 0-20763 42-1407240
(STATE OR OTHER (COMMISSION (IRS EMPLOYER
JURISDICTION FILE NUMBER) IDENTIFICATION
OF INCORPORATION) NUMBER)
MCLEODUSA TECHNOLOGY PARK
6400 C STREET, S.W., 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
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INFORMATION TO BE INCLUDED IN THE REPORT
ITEM 5. OTHER EVENTS
Election of Anne K. Bingaman to Board of Directors
On July 15, 1999, McLeodUSA Incorporated (the "Company"), issued a press
release announcing the election of Anne K. Bingaman to its Board of Directors.
Ms. Bingaman joins the class of directors whose term expires in 2001. Enclosed
as Exhibit 99.1 to this Current Report on Form 8-K, and incorporated by
reference herein, is the text of the press release issued by the Company on
July 15, 1999.
Second Quarter Results for 1999
On July 26, 1999, the Company issued a press release announcing its
second quarter results for 1999. Revenues were $222.7 million for the quarter
ended June 30, 1999, an increase of 23 percent compared to revenues of $181.1
million for the first quarter of 1999. Net loss for the quarter was $61.4
million or $(0.41) per share compared to a net loss of $29.8 million or $(0.24)
per share for the second quarter of 1998. EBITDA (earnings before interest,
taxes, depreciation and amortization) for the quarter was a positive $11.1
million compared with EBITDA of $5.6 million for the quarter a year ago.
Enclosed as Exhibit 99.2 to this Current Report on Form 8-K, and incorporated by
reference herein, is the text of the press release issued by the Company on
July 26, 1999.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibits.
99.1 Press Release, dated July 15, 1999, announcing the appointment of Anne K. Bingaman
to the Company's Board of Directors
99.2 Press Release, dated July 26, 1999, announcing the Company's second quarter
results for 1999
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 hereunto duly authorized.
McLeodUSA Incorporated
Date: August 2, 1999 By: /s/ Randall Rings
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Randall Rings
Vice President, Secretary and
General Counsel
EXHIBIT INDEX
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PAGE NUMBER
IN SEQUENTIAL
EXHIBIT NUMBERING
NUMBER EXHIBIT SYSTEM
- --------- ------- -------------
99.1 Press Release, dated July 15, 1999,
announcing the appointment of Anne K. Bingaman to the
Company's Board of Directors
99.2 Press Release, dated July 26, 1999, announcing
the Company's second quarter results for 1999