-----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, KgiVvs9XqT+dMyv6PvXOfU7X83Ti3nlllJEZgcX426vcS15BNEbG4x8ysz6oc1TO GsCt/zl5pPpRl8JzUzp41g== 0000950144-01-004098.txt : 20010329 0000950144-01-004098.hdr.sgml : 20010329 ACCESSION NUMBER: 0000950144-01-004098 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20010327 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010328 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CT COMMUNICATIONS INC /NC CENTRAL INDEX KEY: 0000023259 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 561837282 STATE OF INCORPORATION: NC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-19179 FILM NUMBER: 1581935 BUSINESS ADDRESS: STREET 1: 68 CABARRUS AVE EAST STREET 2: P O BOX 227 CITY: CONCORD STATE: NC ZIP: 28025 BUSINESS PHONE: 7047880244 MAIL ADDRESS: STREET 1: 68 CABARRUS AVE EAST STREET 2: PO BOX 227 CITY: CONCORD STATE: NC ZIP: 28025 FORMER COMPANY: FORMER CONFORMED NAME: CONCORD TELEPHONE CO DATE OF NAME CHANGE: 19920703 8-K 1 g68049e8-k.txt CT COMMUNICATIONS INC 1 ================================================================================ 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 27, 2001 CT COMMUNICATIONS, INC. (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER) NORTH CAROLINA 0-19179 56-1837282 (STATE OR OTHER (COMMISSION (IRS EMPLOYER JURISDICTION FILE NUMBER) IDENTIFICATION OF INCORPORATION) NUMBER) CT COMMUNICATIONS, INC. 68 CABARRUS AVENUE, EAST CONCORD, NORTH CAROLINA 28025 (ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE) REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (704) 722-2500 ================================================================================ 2 INFORMATION TO BE INCLUDED IN THE REPORT ITEM 5. OTHER EVENTS CT Communications, Inc. announced on March 27, 2001 that it intends to repurchase up to 1,000,000 shares (approximately 5%) of its outstanding common stock from time to time over the next 12 months in open market and privately negotiated transactions. ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS (c) Exhibits. 99.1 Press Release, dated March 27, 2001, announcing that CT Communications, Inc. intends to repurchase up to 1,000,000 shares (approximately 5%) of its outstanding common stock from time to time over the next 12 months in open market and privately negotiated.
3 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. CT Communications, Inc. Date: March 28, 2001 By: /s/ Amy Justis ------------------------------ Amy Justis Vice President - Finance 4 EXHIBIT INDEX
PAGE NUMBER IN SEQUENTIAL EXHIBIT NUMBERING NUMBER EXHIBIT SYSTEM - ------ ------- ------------- 99.1 Press Release, dated March 27, 2001, announcing that CT Communications, Inc. intends to repurchase up to 1,000,000 shares (approximately 5%) of its outstanding common stock from time to time over the next 12 months in open market and privately negotiated.
EX-99.1 2 g68049ex99-1.txt PRESS RELEASE 1 EXHIBIT 99.1 For Immediate Release March 27, 2001 Contact: Barry Rubens 704.722.2404 Mary Jean King 704.722.3741 CT COMMUNICATIONS ANNOUNCES STOCK REPURCHASE PLAN CT Communications, Inc. [Nasdaq: CTCI] announced today that it intends to repurchase up to 1,000,000 shares (approximately 5%) of its outstanding common stock from time to time over the next 12 months in open market and privately negotiated transactions. Michael Coltrane, CT Communications, Inc.'s President and Chief Executive Officer, stated: "The Board of Directors considers CT Communications, Inc.'s stock to be an attractive investment at recent market levels. Its objective in authorizing the repurchase program is to increase earnings per share of those shares of CT Communications, Inc. stock that remain outstanding after the repurchases." CT Communications, Inc. presently has 18,867,555 shares of common stock outstanding. As of December 31, 2000, the company reported total assets of $259 million and shareholders equity of $175 million. The company reported net income of $40.8 million for the year ended December 31, 2000, including a $23.7 million after-tax gain on the sale of an investment. The company anticipates primarily funding this repurchase program with the gains on the sale of stock in their investment portfolio. CT Communications, Inc., which is headquartered in Concord, N.C., is a growing provider of integrated telecommunications services to residential and business customers located primarily in North and South Carolina. CT Communications, Inc. offers a comprehensive package of telecommunications services, including local and long distance telephone services, Internet and data services and digital wireless services. -----END PRIVACY-ENHANCED MESSAGE-----