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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of Earliest Event Reported): May 30, 2003
NTELOS INC.
(Exact Name of Registrant as Specified in Charter)
Virginia 0-16751 54-1443350
(State of Incorporation) (Commission File Number) (IRS Employer
Identification No.)
P.O.Box 1990
Waynesboro, Virginia 22980
(Address of principal executive offices)
(540) 946-3500
(Registrant's telephone number, including area code)
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ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits.
EXHIBIT DESCRIPTION
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2.1 Disclosure Statement
99.1 Press Release dated May 30, 2003
ITEM 9. REGULATION FD DISCLOSURE.
On May 30, 2003, NTELOS Inc. and its affiliated debtors and
debtors-in-possession (collectively, the "Company") filed a Disclosure Statement
in connection with its Chapter 11 case, which is pending in the United Stated
Bankruptcy Court for the Eastern District of Virginia (the "Bankruptcy
Court")(Case No. 03-32094). The Bankruptcy Court must approve the Disclosure
Statement, which provides details regarding the proposed Joint Plan of
Reorganization ("Plan"), before the Company can solicit votes on its Plan.
Following Bankruptcy Court approval of the Disclosure Statement, the Plan would
become effective only after receiving the required vote under bankruptcy law and
confirmation by the Bankruptcy Court. A copy of the Disclosure Statement, which
annexes the Plan, is attached hereto as Exhibit 2.1. A copy of a press release
issued by the Company is attached hereto as Exhibit 99.1.
Bankruptcy law does not permit solicitation of acceptances of the Plan
until the Bankruptcy Court approves the Disclosure Statement relating to the
Plan as providing adequate information of a kind, and in sufficient detail, as
far as is reasonably practicable in light of the nature and history of the
debtor and the condition of the debtor's books and records, that would enable a
hypothetical reasonable investor typical of the holder of claims or interests of
the relevant class to make an informed judgment about 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 Company will emerge from Chapter 11 if
and when the Plan receives the requisite stakeholder approval and is confirmed
by the Bankruptcy Court.
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.
NTELOS INC.
(Registrant)
By: /s/ Michael B. Moneymaker
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Michael B. Moneymaker
Executive Vice President and
Chief Financial Officer,
Treasurer and Secretary
Date: June 2, 2003