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): February 28, 2001 GALAXY TELECOM, L.P. - ---------------------------------------------------------------------------- (Exact name of Registrant as specified in its charter) Delaware 33-95299 43-1697125 ----------------- ---------- --------------- (State or other jurisdiction of (Commission file (IRS Employer incorporation or organization) number) Identification Number) 1220 North Main, Sikeston, Missouri 63801 - ---------------------------------------------------------------------------- (Address of principal executive offices, zip code) Registrant telephone number, including area code: (573) 472-8200 NOT APPLICABLE (Former name or former address, if changed since last report.) Form 8-K Galaxy Telecom, L.P. Item 5. Other Events. On February 28, 2001, Galaxy Telecom, L.P. ("Galaxy") issued a release announcing selected consolidated statement of operations and balance sheet information. The text of this release is attached hereto as Exhibit 99.1. Item 7. Financial Statements and Exhibits (c) Exhibits. Exhibit No. Description 99.1 Text of press release issued by Galaxy announcing selected financial information. Form 8-K Galaxy Telecom, L.P. 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. GALAXY TELECOM, L.P. Date: March 2, 2001 /s/ J. Keith Davidson BY: J. Keith Davidson Vice President - Finance (Principal Financial Officer) EXHIBIT INDEX Exhibit Number Description - -------------- ---------------------------------- 99.1 Text of release issued by Galaxy announcing selected consolidated statement of operations and balance sheet information. EXHIBIT 99.1 GALAXY TELECOM, L.P. 1220 North Main Sikeston, MO 63801 SELECTED CONSOLIDATED STATEMENT OF OPERATIONS For the three months ended For the twelve months ended ----------------------------- ------------------------------ December 31, December 31, December 31, December 31, 2000 2000 2000 2000 ------------ ------------ ------------ ------------ (Unaudited) (Unaudited) (Unaudited) (Unaudited) Revenues $ 13,454,238 $ 13,664,709 $ 54,716,159 $ 56,913,515 Net Loss $ (4,272,766) $ (6,411,188) $(17,528,879) $(12,236,195) EBITDA * $ 4,341,555 $ 5,119,673 $ 18,983,665 $ 21,851,711 *Earnings before interest, taxes, depreciation, amortization and extaordinary items. SELECTED BALANCE SHEET INFORMATION December 31, 2000 December 31, 1999 ----------------- ----------------- (Unaudited) (Unaudited) Long-term debt $149,622,045 $148,176,701 TOTAL ASSETS $126,511,328 $137,530,629 ============ ============ Galaxy Telecom owns and operates 118,000 cable television subscribers in the Midwest and Southeast. Contact: J. Keith Davidson Executive Vice-President & Chief Financial Officer Telephone: (573) 472-8200