SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Event Reported):
January 7, 2002
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TELIGENT, INC.
(Exact Name of Registrant as Specified in its Charter)
Delaware
(State or other jurisdiction of incorporation or organization)
000-23387 54-1866562
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(Commission File Number) (IRS Employer Identification No.)
460 Herndon Parkway
Suite 100
Herndon, Virginia 20170
(Address of principal executive offices)
(Zip Code)
Registrant's telephone number, including area code (703) 326-4400
Item 5. Other Events
On January 7, 2002, the Registrant sold substantially all of the assets of
Executive Conference, Inc. ("ECI"), a wholly owned subsidiary of the Registrant,
pursuant to the terms of the Asset Purchase Agreement (the "Agreement"), dated
as of November 30, 2001, by and between ECI and Summit Acquisition LLC
("Buyer"). Under the terms of the Agreement, Buyer purchased substantially all
of ECI's assets for a purchase price of $60 million in cash, as more fully
described in the Agreement. ECI is a provider of audio and Internet-based
teleconferencing services.
The Agreement was previously filed as Exhibit 2.1 to the Current Report on Form
8-K filed by the Registrant on December 10, 2001.
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.
TELIGENT, INC.
Dated: January 8, 2002 By: /s/ Stuart H. Kupinsky
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Name: Stuart H. Kupinsky
Title: Senior Vice President,
General Counsel and Secretary