-----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, TRyzz1D3Wv7/tofI1TAjHmQFo2YdSDD1AFYxcaa1M5GtzNhMfsmUDt07NlxAenGu pfATr+i1mVOHh8Q6y9yRZw== 0000899243-02-002654.txt : 20021011 0000899243-02-002654.hdr.sgml : 20021011 20021011120716 ACCESSION NUMBER: 0000899243-02-002654 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20021011 ITEM INFORMATION: Other events FILED AS OF DATE: 20021011 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CROWN CASTLE INTERNATIONAL CORP CENTRAL INDEX KEY: 0001051470 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899] IRS NUMBER: 760470458 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-16441 FILM NUMBER: 02787160 BUSINESS ADDRESS: STREET 1: 510 BERING DRIVE STREET 2: SUITE 500 CITY: HOUSTON STATE: TX ZIP: 77057 BUSINESS PHONE: 7135703000 MAIL ADDRESS: STREET 1: 510 BERING DRIVE STREET 2: SUITE 500 CITY: HOUSTON STATE: TX ZIP: 77057 8-K 1 d8k.txt FORM 8-K ============================================================================== UNITED STATES 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): October 11, 2002 Crown Castle International Corp. (Exact Name of Registrant as Specified in its Charter) Delaware 0-24737 76-0470458 (State or Other (Commission File (IRS Employer Jurisdiction of Number) Identification Incorporation) Number) 510 Bering Drive Suite 500 Houston, TX 77057 (Address of Principal Executive Office) Registrant's telephone number, including area code: (713) 570-3000 ============================================================================== This document includes "forward-looking" statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Other than statements of historical fact, all statements regarding industry prospects, the consummation of the transactions described in this document and the Company's expectations regarding the future performance of its businesses and its financial position are forward-looking statements. These forward-looking statements are subject to numerous risks and uncertainties. Item 5. Other Events Crown Castle International Corp. is in the process of restructuring its U.S. business in order to flatten its organizational structure to better align with customer demand. The restructuring streamlines Crown Castle's U.S. business into seven geographic areas with each such area being responsible for the leasing and management of approximately 1,500 towers and providing select services. Crown Castle expects to reduce its workforce by approximately 250 employees (including some at the holding company), close some smaller offices and take a restructuring charge of approximately $7 million to $10 million in the fourth quarter of 2002. The restructuring is expected to reduce annual general and administrative expenses by approximately $11 million to $14 million. Forward-Looking Statements This document contains forward-looking statements and information that are based on management's beliefs as well as assumptions made by and based upon information currently available to management. Such forward-looking statements include, but are not limited to, expectations, projections and estimates regarding (i) the amount general and administrative expenses will be reduced, (ii) the amount of the restructuring charge, (iii) the number of U.S. business regions resulting from the restructuring, and (iv) the amount by which the workforce will be reduced. Although Crown Castle believes that the expectations reflected in such forward-looking statements are reasonable, it can give no assurance that such expectations will prove to have been correct. Such statements are subject to certain risks, uncertainties and assumptions, including but not limited to (i) those relating to the matters described above, (ii) those included in the Company's filings with the Securities and Exchange Commission, and (iii) the success or failure of our efforts to implement our business strategy and the restructuring. Should one or more risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those expected. More information about potential factors which could affect Crown Castle is included in Crown Castle's filings with the Securities and Exchange Commission. 1 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. CROWN CASTLE INTERNATIONAL CORP. By: /s/ E. Blake Hawk ------------------------------ Name: E. Blake Hawk Title: Executive Vice President and General Counsel Date: October 11, 2002 2 -----END PRIVACY-ENHANCED MESSAGE-----