file8k.htm

0000018926-07-000016.txt : 20070822 0000018926-07-000016.hdr.sgml : 20070822 20070822112454 ACCESSION NUMBER: 0000018926-07-000016 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070821 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070822 DATE AS OF CHANGE: 20070822 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CENTURYTEL INC CENTRAL INDEX KEY: 0000018926 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 720651161 STATE OF INCORPORATION: LA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07784 FILM NUMBER: 071072406 BUSINESS ADDRESS: STREET 1: P O BOX 4065 STREET 2: 100 CENTURYTEL DR CITY: MONROE STATE: LA ZIP: 71203 BUSINESS PHONE: 3183889000 MAIL ADDRESS: STREET 1: 100 CENTURYTEL DR STREET 2: P O BOX 4065 CITY: MONROE STATE: LA ZIP: 71203 FORMER COMPANY: FORMER CONFORMED NAME: CENTURY TELEPHONE ENTERPRISES INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: CENTRAL TELEPHONE & ELECTRONICS CORP DATE OF NAME CHANGE: 19720512 8-K 1 file8k.htm $750 MILLION STOCK REPURCHASE PROGRAM AND QUARTERLY CASH DIVIDEND file8k.htm

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported):

August 21, 2007

CenturyTel, Inc.

(Exact name of registrant as specified in its charter)

Louisiana	1-7784	72-0651161
(State or other jurisdiction of	(Commission File Number)	(I.R.S. Employer
incorporation or organization)		Identification No.)

100 CenturyTel Drive, Monroe, Louisiana 71203

(Address of principal executive offices) (Zip Code)

Registrant's telephone number, including area code: (318) 388-9000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ]	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ]	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240. 14a-12)

[ ]	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ]	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01

Other Events

On August 21, 2007, CenturyTel's board of directors approved a stock repurchase program authorizing us to repurchase up to $750 million of our common stock. The board of directors also approved CenturyTel's regular quarterly cash dividend of $.065 per share. For additional information, please see our press release included as Exhibit 99 herein.

Item 9.01

Financial Statements and Exhibits

(d) Exhibit

99	Press release dated August 21, 2007 announcing $750 million stock repurchase program and regular quarterly cash dividend of $.065 per share.

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.

		CENTURYTEL, INC.


Dated: August 22, 2007		By:/s/ Neil A. Sweasy
		Neil A. Sweasy
		Vice President and Controller

EX-99 2 exh99.htm EXHIBIT 99 PRESS RELEASE Unassociated Document

Exhibit 99

FOR IMMEDIATE RELEASE:	FOR MORE INFORMATION CONTACT:
August 21, 2007	Investors: Tony Davis 318.388.9525 tony.davis@centurytel.com

CenturyTel Announces $750 Million Stock Repurchase Program and Regular Quarterly Cash Dividend of $.065 Per Share

MONROE, La... CenturyTel, Inc. (NYSE: CTL) announced today that its board of directors authorized the repurchase of up to $750 million of its common stock. The Company anticipates purchasing shares in the open market, depending upon market factors and other conditions. The program will expire on September 30, 2009, unless extended by the board.

The board of directors also approved CenturyTel’s regular quarterly cash dividend of $.065, payable on September 17, 2007, to shareholders of record on September 4, 2007.

“CenturyTel has returned more then $2.1 billion to shareholders through share repurchases and cash dividends since early 2004,” said Glen F. Post III, chairman and chief executive officer. “This repurchase program, which at today’s closing price represents approximately 15% of shares outstanding as of August 20, 2007, further exhibits the Company’s commitment to return a substantial portion of its available cash to shareholders. We remain confident in our ability to generate strong cash flows to support appropriate levels of investment in our business while also repurchasing shares under this new program.”

This press release includes certain forward-looking statements. Actual results may differ materially from those in the forward-looking statements. Factors that could affect actual results include but are not limited to the possibility of unforeseen near-term cash requirements, changes in the trading price of CenturyTel’s securities, changes in general market, economic or industry conditions impacting the ability or willingness of the Company to repurchase stock, or other risks referenced from time to time in the Company’s filings with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

CenturyTel (NYSE: CTL) is a leading provider of communications, high speed Internet and entertainment services in small-to-mid-size cities through our broadband and fiber transport networks. Included in the S&P 500 Index, CenturyTel delivers advanced communications with a personal touch to customers in 25 states. Visit us at http://www.centurytel.com.

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