-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, PBC8uAa3SaAJFl+EqNrnlugDFQfalblhAOaHsmMxXRu7PSzN8cgv1eHuJbl+vKTB 9sWT/k19hTJfGblCCWO4Ng== 0001036050-00-000287.txt : 20000307 0001036050-00-000287.hdr.sgml : 20000307 ACCESSION NUMBER: 0001036050-00-000287 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20000301 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000301 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BELL ATLANTIC CORP CENTRAL INDEX KEY: 0000732712 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 232259884 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-08606 FILM NUMBER: 558698 BUSINESS ADDRESS: STREET 1: 1095 AVE OF THE AMERICAS CITY: NEW YORK STATE: NY ZIP: 10036 BUSINESS PHONE: 2123952121 MAIL ADDRESS: STREET 1: 1717 ARCH ST 47TH FL STREET 2: 1717 ARCH ST 47TH FL CITY: PHILADELPHIA STATE: PA ZIP: 19103 8-K 1 BELL ATLANTIC CORPORATION FORM 8-K 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): March 1, 2000 BELL ATLANTIC CORPORATION (Exact name of registrant as specified in its charter) Delaware 1-8606 23-2259884 (State or other jurisdiction (Commission File Number) (I.R.S. Employer of incorporation) Identification No.) 1095 Avenue of the Americas New York, New York 10036 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (212) 395-2121 Not applicable (Former name or former address, if changed since last report) Item 5. Other Events ------------ Attached as an exhibit is a press release issued by Bell Atlantic Corporation on March 1, 2000 announcing a new share buyback program pursuant to which the company may repurchase up to 80 million shares of its common stock. Item 7. Financial Statements and Exhibits --------------------------------- (c) Exhibits. 99 Press Release, dated March 1, 2000, issued by Bell Atlantic Corporation. SIGNATURE 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. BELL ATLANTIC CORPORATION By: /s/ Doreen A. Toben -------------------------------------- Doreen A. Toben Vice President - Controller Date: March 1, 2000 EXHIBIT INDEX Exhibit Number Description - ------ ----------- 99 Press Release, dated March 1, 2000, issued by Bell Atlantic Corporation. EX-99 2 PRESS RELEASE DATED MARCH 1, 2000 EXHIBIT 99 [LOGO OF BELL ATLANTIC] NEWS RELEASE FOR IMMEDIATE RELEASE Contact: March 1, 2000 Susan Kraus 212-395-2355 susan.kraus@bellatlantic.com ---------------------------- Bell Atlantic Announces Common Stock Buyback Program NEW YORK - Bell Atlantic Corp. (NYSE:BEL) announced today that its board of directors has authorized a new share buyback program through which the company may repurchase up to 80 million shares of its common stock. Approximately 1.55 billion shares of Bell Atlantic common stock were outstanding as of Dec. 31, 1999. "Our strong cash flow and our financial flexibility enable us to take advantage of a unique buying opportunity while we continue to invest aggressively in strengthening our core business and capturing new opportunities in wireless, data and long distance," said Bell Atlantic Chairman and CEO Ivan Seidenberg. "Our repurchase and investment programs both have the same purpose: to create and deliver shareowner value." Under the program, Bell Atlantic will repurchase shares over time in the open market, with the amount and timing of repurchases depending on market conditions. The shares acquired will be held in the treasury for future corporate use. This program will be initiated and conducted in a manner consistent with Bell Atlantic's use of pooling-of-interests accounting and other terms of the pending Bell Atlantic-GTE merger. The board also rescinded a previous authorization to repurchase from time to time up to $1.4 billion in company shares over a two-year period that ends Sept. 30, 2000. Approximately $310 million of that authorization remained. Bell Atlantic News Release, page 2 Bell Atlantic is at the forefront of the new communications and information industry. With 44 million telephone access lines and 12 million wireless customers worldwide, Bell Atlantic companies are premier providers of advanced wireline voice and data services, market leaders in wireless services and the world's largest publishers of directory information. Bell Atlantic companies are also among the world's largest investors in high-growth global communications markets, with operations and investments in 23 countries. #### INTERNET USERS: Bell Atlantic news releases, executive speeches, news media contacts and other useful information are available at Bell Atlantic's News Center on the World Wide Web (http://www.ba.com). 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