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):
August 19, 2004
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LORAL ORION, INC.
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(Exact name of registrant as specified in its charter)
Delaware 0-22085 52-2008654
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(State or other (Commission (IRS Employer
jurisdiction of incorporation) File Number) Identification Number
500 Hills Drive, Bedminster, New Jersey 07921
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code:
(908) 470-2300
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Item 8.01. Other Events.
On August 19, 2004, Loral Space & Communications Ltd. ("Loral") and
certain of its subsidiaries, including Loral Orion, Inc.(the "Company"), filed
a proposed plan of reorganization (the "Plan") with the U.S. Bankruptcy Court
for the Southern District of New York (the "Bankruptcy Court"). The required
disclosure statement relating to the Plan has not yet been filed with the
Bankruptcy Court although the Company expects to do so in September 2004.
The Bankruptcy Code does not permit solicitation of acceptances or
rejections of the Plan until the Bankruptcy Court has approved the disclosure
statement relating to the Plan. Accordingly, this announcement is not intended
to be, nor should it be construed as, a solicitation for a vote on the Plan. The
Plan is subject to the confirmation and approval of the Bankruptcy Court and may
be further amended by the Company and Loral, with the consent of the Official
Committee of Unsecured Creditors.
Copies of the proposed Plan and the press release announcing the filing of
the Plan are attached hereto as Exhibits 2.1 and 99.1, respectively.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits.
Exhibit 2.1 Plan of Reorganization
Exhibit 99.1 Press Release of Loral Space & Communications Ltd. dated
August 19, 2004
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.
Loral Orion, Inc.
By: /s/ Janet T. Yeung
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Name: Janet T. Yeung
Title: Vice President and
Assistant Secretary
Date: August 23, 2004
EXHIBIT INDEX
Exhibit Description
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Exhibit 2.1 Plan of Reorganization
Exhibit 99.1 Press Release of Loral Space & Communications Ltd. dated
August 19, 2004