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) December 26, 2001 ADELPHIA BUSNIESS SOLUTIONS, INC. (Exact name of registrant as specified in charter) Delaware 000-21605 25-1669404 (State or other (Commission File Number) (IRS Employer jurisdiction of incorporation) Identification No.) One North Main Street - Coudersport, PA 16915-1141 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (814) 274-9830 Item 5. Other Events and Regulation FD Disclosure In a press release dated December 26, 2001, Adelphia Business Solutions' parent company, Adelphia Communications Corporation (Nasdaq: ADLAC)("Adelphia") announced that it declared a stock dividend of all of the shares of common stock of the Company that Adelphia owned to effectuate Adelphia's previously announced intent to spin-off the common stock of the Company. According to the press release, the record date for the dividend will be January 8, 2002 and the payment date will be January 11, 2002. A copy of Adelphia's press release dated December 26, 2001 is attached to this Form 8-K, incorporated herein by reference and filed herewith under Item 7 as Exhibit 99.01. Item 7. Financial Statements and Exhibits Exhibit No. Description 99.01 Adelphia Communications Corporation Press Release dated December 26, 2001 (Filed Herewith). SIGNATURE Pursuant to the requirements of the Security Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: January 3, 2002 ADELPHIA BUSINESS SOLUTIONS, INC. (Registrant) By: /s/Timothy J. Rigas Timothy J. Rigas Vice Chairman, Treasurer and Chief Financial Officer EXHIBIT INDEX Exhibit No. Description - ---------- ----------- 99.01 Adelphia Communications Corporation Press Release dated December 26, 2001 (Filed Herewith).