SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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 earliest event reported) February 28, 2003
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CHADMOORE WIRELESS GROUP, INC.
(Exact name of registrant as specified in its charter)
Colorado 0-20999 84-1058165
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
2458 EAST RUSSELL RD., SUITE B
LAS VEGAS, NEVADA 89120
(Address of principal executive offices) (Zip Code)
(702) 740-5633
(Registrant's telephone number, including area code)
NOT APPLICABLE
(Former Name or Former Address, if Changed Since Last Report)
2
INFORMATION TO BE INCLUDED IN THE REPORT
ITEM 5. OTHER EVENTS AND REGULATION FD DISCLOSURE.
On Friday, February 28, 2003, Chadmoore Wireless Group, Inc., a
dissolved Colorado corporation-2002 ("Chadmoore"), initiated its second
distribution of cash to its shareholders in the aggregate amount of $4,275,000,
or $0.061967 per share. The distribution was made through Chadmoore's
liquidating agent, Computershare Trust Company of Lakewood, Colorado. The cash
distribution by Chadmoore is the second in what is expected to be a series of
distributions over the five-year liquidation period provided for under Colorado
law. Chadmoore's first cash distribution occurred on July 15, 2002 in the
aggregate amount of $22,693,716, or $0.3323 per share. To date, $26,968,716, or
$0.394267 per share has been distributed to the shareholders of Chadmoore.
Future cash distributions will be made as litigation and tax matters are
resolved. Absent any substantial unforeseen additional liabilities or changes in
estimated liabilities, the total distribution per share over the liquidation
period is expected to be approximately $0.57 per share as disclosed in the
Company's proxy statement filed in connection with the sale of its assets to
Nextel.
This report contains "forward-looking statements" as that term is
defined in the Private Securities Litigation Reform Act of 1995. Forward-looking
statements are denoted by such words as "anticipates," "approximately," "hopes,"
"about," "expected," and similar words or phrases that refer to anticipated
future events. These forward-looking statements are subject to a number of risks
and uncertainties that could cause actual results or events to differ materially
from those expressed or implied by the forward-looking statements, including
risks related to unexpected liabilities from pending or new litigation, taxes,
liquidation costs, or other events. In addition, the Company's forward-looking
statements should be considered in the context of other risks and uncertainties
as discussed in the Company's periodic reports and in its proxy statement
filings with the SEC available for viewing at www.sec.gov. All forward-looking
statements are based on information available to Chadmoore on the date hereof.
Chadmoore is under no obligation, and expressly disclaims any obligation, to
update or alter its forward-looking statements, whether as a result of new
information, future events, or otherwise.
S I G N A T U R E
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.
CHADMOORE WIRELESS GROUP, INC.
a dissolved Colorado corporation - 2002
(Registrant)
March 17, 2003 By: /s/ Stephen K. Radusch
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Date Name: Stephen K. Radusch
Title: Chief Financial and Accounting Officer