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Proc-Type: 2001,MIC-CLEAR
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0000950103-03-001243.txt : 20030501
0000950103-03-001243.hdr.sgml : 20030501
20030501100057
ACCESSION NUMBER: 0000950103-03-001243
CONFORMED SUBMISSION TYPE: DEFA14A
PUBLIC DOCUMENT COUNT: 1
FILED AS OF DATE: 20030501
EFFECTIVENESS DATE: 20030501
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: COMMONWEALTH TELEPHONE ENTERPRISES INC /NEW/
CENTRAL INDEX KEY: 0000310433
STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813]
IRS NUMBER: 232093008
STATE OF INCORPORATION: PA
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: DEFA14A
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-11053
FILM NUMBER: 03675063
BUSINESS ADDRESS:
STREET 1: 100 CTE DRIVE
STREET 2: PO BOX 800
CITY: DALLAS
STATE: PA
ZIP: 18612-9799
BUSINESS PHONE: 7176742700
FORMER COMPANY:
FORMER CONFORMED NAME: COMMONWEALTH TELEPHONE ENTERPRISES INC
DATE OF NAME CHANGE: 19860501
FORMER COMPANY:
FORMER CONFORMED NAME: C TEC CORP
DATE OF NAME CHANGE: 19920703
DEFA14A
1
may0103_14a-1.htm
Section 1
SCHEDULE
14A
(Rule 14a-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION Proxy
Statement Pursuant to Section 14(a) of the Securities Exchange Act of
1934
|
Filed
by the Registrant x
Filed by a Party other than the
Registrant o Check
the appropriate box: |
o
Preliminary Proxy Statement
o
Definitive Proxy Statement o
Definitive Additional Materials
x
Soliciting Material Pursuant to Rule 14a-12
o Confidential,
For Use of the Commission Only (as permitted by Rule 14a-6(e)(2))
|
|
|
|
|
COMMONWEALTH
TELEPHONE ENTERPRISES, INC.
(Name of Registrant as Specified
in Its Charter)
(Name of Person(s) Filing Proxy Statement,
if Other Than the Registrant) |
Payment of Filing Fee (Check the appropriate
box): |
x |
No fee required. |
o |
Fee computed on table
below per Exchange Act Rules 14a-6(i)(1) and 0-11. |
|
-
Title of each class of securities
to which transaction applies:
-
Aggregate number of securities
to which transaction applies:
- Per unit price or other underlying value of transaction computed
pursuant to Exchange Act Rule 0-11 (set forth the amount on which the
filing fee is calculated and state how it was determined):
-
Proposed maximum aggregate
value of transaction:
-
Total fee paid:
|
o |
Fee paid previously with
preliminary materials. |
o |
Check box if any part
of the fee is offset as provided by Exchange Act Rule 0-11(a)(2) and identify
the filing for which the offsetting fee was paid previously. Identify the
previous filing by registration statement number, or the form or schedule
and the date of its filing. |
|
- Amount previously paid:
-
Form, Schedule or Registration
Statement No.:
-
Filing Party:
-
Date Filed:
|
Explanatory Note:
The information set forth below regarding persons who may be considered participants
hereby amends and restates the information regarding participants filed on Schedule
14A with the Commission on April 25, 2003 by Commonwealth Telephone Enterprises,
Inc.
INFORMATION
REGARDING PARTICIPANTS
Commonwealth
Telephone Enterprises, Inc. (CTE), its directors, executive officers
and other members of its management and employees may be soliciting proxies
from shareholders in connection with the annual shareholders meeting under
the rules of the Commission. Information about persons who may be considered
participants in the solicitation of proxies, including their beneficial ownership
of CTE Common Stock and CTE Class B Common Stock as of March 24, 2003 is set
forth below. Investors may obtain additional information about the directors
and executive officers of CTE and a description of their interests by reading
CTEs proxy statement for the annual shareholders meeting when it
becomes available.
|
Number
of Shares of CTE |
|
Number
of Shares of CTE Class B |
|
Name
of Beneficial Owner |
Common
Stock Beneficially Owned(1) |
|
Common Stock Beneficially Owned |
|
|
|
|
|
|
Donald P. Cawley (2)(6) |
97,075 |
|
|
|
James Q. Crowe (3)(12) |
23,629 |
|
|
|
James DePolo (4) |
171,227 |
|
|
|
Raymond J. Dobe, Jr.
(5) |
33,016 |
|
|
|
Frank M. Henry (3) |
47,910 |
|
15,398 |
|
Richard R. Jaros (3)(12) |
11,886 |
|
|
|
Daniel E. Knowles (7) |
12,484 |
|
|
|
Michael J. Mahoney (6)(8) |
198,036 |
|
|
|
David C. McCourt (6)(12) |
15,551 |
|
|
|
David C. Mitchell (3) |
13,645 |
|
|
|
Eugene Roth (9) |
1,049 |
|
3,999 |
|
James Samaha (10) |
29,759 |
|
|
|
Walter Scott, Jr. (3)(12) |
117,062 |
|
|
|
David G. Weselcouch(11) |
58,407 |
|
|
|
John J. Whyte (3) |
11,680 |
|
|
|
* None of the foregoing persons
individually beneficially owns in excess of 1% of the CTE Combined Common Equity.
Each of the foregoing persons has investment and voting power over the shares
listed opposite his name except as set forth in the footnotes hereto.
(1)
|
Includes
vested matching share units and participants contributions under the
CTE Executive Stock Purchase Plan (further described below) at March 24,
2003. Does not include shares of CTE Common Stock issuable on conversion
of CTE Class B Common Stock. |
(2)
|
Includes
options to purchase 51,005 shares of CTE Common Stock exercisable within
60 days after March 24, 2003. |
(3)
|
Includes
options to purchase 10,000 shares of CTE Common Stock exercisable within
60 days after March 24, 2003. |
(4)
|
Includes
options to purchase 122,000 shares of CTE Common Stock exercisable within
60 days after March 24, 2003. |
(5)
|
Includes
options to purchase 12,400 shares of CTE Common Stock exercisable within
60 days after March 24, 2003. |
(6)
|
Under the
CTE Executive Stock Purchase Plan (ESPP), participants who defer
current compensation are credited with Share Units with a value
equal to the amount of the deferred pretax compensation. The value of a
Share Unit is based on the value of a share of CTE Common Stock. The Company
also credits each participants matching account under the ESPP with
100 percent of the number of Share Units credited based on the participants
elective contributions. Share Units credited to participants elective
contribution accounts are fully and immediately vested. Share Units credited
to participants matching accounts generally vest on the third anniversary
of the date they are credited, subject to continued employment. |
|
Share
Units credited to a participants matching account become fully vested
on a change in control of the Company, or on the participants death
or disability while actively employed. The Company has established a grantor
trust to hold CTE Common Stock corresponding to the number of Share Units
credited to participants accounts in the ESPP. Participants do not
have the right to vote Share Units, provided that the Company may, but is
not required to, make arrangements for participants to direct the trustee
of the grantor trust as to how to vote the Share Units. The table below
shows with respect to each named participant, Share Units relating to the
CTE Common Stock acquired by each such participant in lieu of current compensation
and the vested Share Units credited to the ESPP account of each such participant
as of March 24, 2003 including matching share units scheduled to vest within
60 days thereafter: |
|
Total
Shares Acquired and |
Name |
Vested
Restricted Matching
Shares |
|
|
Michael
J. Mahoney |
14,468 |
Donald
P. Cawley |
8,179 |
Raymond
J. Dobe, Jr |
4,462 |
James
Samaha |
5,882 |
David
G. Weselcouch |
4,499 |
|
Additionally,
David C. McCourt is the beneficial owner of 15,551 shares of CTE Common
Stock and Mr. Mahoney is the beneficial owner of 9,068 shares of CTE Common
Stock through the RCN Corporation Executive Stock Purchase Plan. On March
31, 2003, Mr. Mahoney transferred these 9,068 shares of CTE Common Stock
to the CTE ESPP from the RCN plan. |
(7)
|
Includes
options to purchase 8,000 shares of CTE Common Stock exercisable within
60 days of March 24, 2003. |
(8)
|
Includes
options to purchase 152,000 shares of CTE Common Stock exercisable within
60 days after March 24, 2003.
|
(9)
|
Share ownership
also includes Mr. Roths proportionate interest of shares and vested
options owned by the firm of Rosenn, Jenkins & Greenwald, L.L.P. Mr.
Roth is a Senior Partner of the firm.
|
(10)
|
Includes
options to purchase 10,400 shares of CTE Common Stock exercisable within
60 days after March 24, 2003. |
(11)
|
Includes
options to purchase 33,600 shares of CTE Common Stock exercisable within
60 days after March 24, 2003.
|
(12)
|
Does not
include 1,017,061 shares of CTE Class B Common Stock beneficially owned
by Eldorado Equity Holdings, Inc. (Eldorado), an indirect subsidiary
of Level 3 Communications, Inc. (Level 3). As an officer, Director
or shareholder of Level 3, Eldorado or a subsidiary of Level 3 that is a
parent of Eldorado, this person may be deemed to beneficially own all of
the shares of CTE Class B Common Stock beneficially owned by Eldorado.
|
Additional Information
and Where to Find It
In connection with the annual
shareholders meeting, a proxy statement will be mailed to security holders
of CTE, and CTE will file a proxy statement with the Securities and Exchange
Commission. INVESTORS AND SECURITY HOLDERS ARE ADVISED TO READ THE PROXY STATEMENT
WHEN IT BECOMES AVAILABLE, BECAUSE IT CONTAINS IMPORTANT INFORMATION. The proxy
statement and other relevant materials (when they become available), and any
other documents filed by CTE with the Commission, may be obtained free of charge
at the Commissions web site at www.sec.gov.
In addition, investors and security holders may obtain free copies of the proxy
statement and the other documents filed by CTE with the Commission by writing
to us at Investor Relations Department, Commonwealth Telephone Enterprises,
Inc., 100 CTE Drive, Dallas, Pennsylvania 18612-9774, Attn: David G. Weselcouch,
e-mail: dwes@epix.net;
(570) 631-2700.
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