-----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, WM0XaF3FpmTB/WX9YXa+zc7D7SFgmqVvYxQIPz0XtQ5RS1uDI2HPxZEQGYGVaGho oaMhZGOdI1yXrKL8NNeLdQ== 0000912057-01-006547.txt : 20010226 0000912057-01-006547.hdr.sgml : 20010226 ACCESSION NUMBER: 0000912057-01-006547 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20010220 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20010223 FILER: COMPANY DATA: COMPANY CONFORMED NAME: BROADWING INC CENTRAL INDEX KEY: 0000716133 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 311056105 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-08519 FILM NUMBER: 1553269 BUSINESS ADDRESS: STREET 1: 201 E FOURTH ST 102 732 CITY: CINCINNATI STATE: OH ZIP: 45201 BUSINESS PHONE: 5133979900 MAIL ADDRESS: STREET 1: P O BOX 2301 CITY: CINCINNATI STATE: OH ZIP: 45201 FORMER COMPANY: FORMER CONFORMED NAME: CINCINNATI BELL INC /OH/ DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: CBI INC DATE OF NAME CHANGE: 19830814 8-K 1 a2039824z8-k.txt 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: February 20, 2001 BROADWING INC. (Exact name of registrant as specified in its charter) Ohio 1-8519 31-1056105 (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) 201 East Fourth Street Cincinnati, Ohio 45202 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (513) 397-9900 FORM 8-K BROADWING INC. ITEM 5. OTHER EVENT. On February 20, 2001, Broadwing Inc. (NYSE:BRW) announced a reorganization of the activities of several of its Cincinnati based subsidiaries, including Cincinnati Bell Telephone Company, Cincinnati Bell Wireless Company, Cincinnati Bell Any Distance Inc. and Cincinnati Bell Directory Inc. The reorganization is intended to create one centralized Cincinnati Bell presence for its customers. In connection with this reorganization, a dedicated product development team has been created to develop new solutions based on customer needs, the size of the reorganized units' sales force will be significantly increased, and there has been a 3% reduction in the number of support positions across the separate subsidiaries, primarily in areas such as finance, accounting, engineering and administration. Employees whose positions have been eliminated have been provided severance packages and career assistance. The foregoing events will result in a non-recurring restructuring charge of approximately $10 million. In addition, on February 21, 2001, Broadwing Inc. announced that Jeffrey C. Smith, Chief Legal and Administrative Officer, would assume the duties of General Counsel and Corporate Secretary, effective immediately. In addition to serving as General Counsel and Corporate Secretary, Mr. Smith will continue to oversee all regulatory, public affairs, human resources, administration and legal departments for Broadwing. Mr. Smith succeeds former General Counsel and Corporate Secretary Thomas E. Taylor, who has retired from the company. A copy of the press releases regarding the foregoing events are attached as exhibits. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (C) (i) Exhibit 99(i) - Press Release of Broadwing Inc. dated February 20, 2001. (ii) Exhibit 99(ii) - Press Release of Broadwing Inc. dated February 21, 2001. 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. BROADWING INC. By: /s/ Jeffrey C. Smith -------------------------------------- Jeffrey C. Smith General Counsel and Corporate Secretary Date: February 23, 2001 EX-99.I 2 a2039824zex-99_i.txt EXHIBIT 99(I) FOR IMMEDIATE RELEASE MEDIA CONTACT: INVESTOR CONTACT: Tressie Long Matt Booher Cincinnati Bell Broadwing 513-397-5890 513-397-9904 tressie.long@broadwing.com matt.booher@broadwing.com CINCINNATI BELL UNITES FOR THE CUSTOMER SEPARATE PRODUCT ORGANIZATIONS COMBINED TO IMPROVE SERVICE AND SPEED SALES CINCINNATI, OH - February 20, 2001 - Cincinnati Bell, a wholly owned subsidiary of Broadwing Inc. (NYSE: BRW), today announced a new way of running its business that will allow the company to better serve its customers while positioning the company for continued growth. The new customer-centric structure coordinates the activities of several separate Cincinnati Bell organizations, including Cincinnati Bell Telephone, Cincinnati Bell Wireless, Cincinnati Bell Any Distance and Cincinnati Bell Directory, to create one centralized Cincinnati Bell presence for the customer. "At Cincinnati Bell, our mission is to provide the best means for people and businesses to connect. The customer comes first," said Jack Cassidy, president and chief operating officer of Cincinnati Bell. "In moving to this new way of business, we have listened carefully to the expectations and opinions of customers and employees. Today, we are simplifying customer interactions and announcing changes that will create one Cincinnati Bell presence for our customers." The process of uniting the activities of the Cincinnati Bell units began when Cassidy was appointed president and chief operating officer last May. Building on Cincinnati Bell's record-breaking successes with new product offerings and maximizing Cincinnati Bell's industry leading reputation for customer service, Cassidy launched a customer advisory board, gaining knowledge and insight directly from the customer, and began a change acceleration process designed to explore ways to grow the business and become more customer focused. -MORE- Cincinnati Bell, page 3 of 2 February 20, 2001 Cincinnati Bell's new business structure is just one of the results. Others include a dedicated product development team that creates new solutions based on customer needs, a significant increase in the size of the sales force, and a three percent reduction of positions in areas such as finance, accounting, engineering, and administration which existed in separate business units. For employees whose positions have been eliminated by the new structure, Cincinnati Bell is providing severance packages and career assistance. These events will result in a non-recurring restructuring charge of approximately $10 million. "Cincinnati Bell's growth is dependent upon how well we serve our customers. And we believe customers are going to really appreciate the new Cincinnati Bell," said Cassidy. "Not only will customers continue to see new innovations from Cincinnati Bell, but they will see the results of a company acting as one - one bill, one voice, one service representative, and better value on all products and services." ### ABOUT CINCINNATI BELL AND BROADWING INC. Cincinnati Bell is a wholly owned subsidiary of Broadwing Inc. (NYSE: BRW). Broadwing combines unparalleled customer service with the industry's most advanced and flexible 18,000-mile next-generation fiber optic network and award-winning IP backbone, to create data and Internet solutions that are innovative, reliable, and provide businesses a competitive advantage. Broadwing will be the first provider with a fully deployed optical network and sets the standard for customer accountability with the industry's only Installation Guarantee. Headquartered in Cincinnati, Ohio and Austin, Texas with 6,000 employees in 56 sales and service offices across the country, Broadwing can be found on the Web at www.broadwing.com. EX-99.II 3 a2039824zex-99_ii.txt EXHIBIT 99(II) [LOGO] Press Release - -------------------------------------------------------------------------------- Media Contact: Thomas Osha (513) 397-7316 tom.osha@broadwing.com BROADWING NAMES JEFFREY C. SMITH GENERAL COUNSEL AND CORPORATE SECRETARY COMMUNICATIONS PROVIDER ALSO CONSOLIDATES SUPPORT OPERATIONS UNDER SEASONED LEADER CINCINNATI, OH - FEBRUARY 21, 2001 - Broadwing Inc. (NYSE: BRW), today announced that Jeffrey C. Smith, Chief Legal and Administrative Officer, would assume the duties of General Counsel and Corporate Secretary, for the next-generation communications leader, effective immediately. "Jeff has been an integral part of building Broadwing and I look forward to having his intellect, talent, and energy continue to drive our momentum as he expands his leadership role in our company," said Rick Ellenberger, Broadwing's president and CEO. Smith, who in 1997 joined IXC Communications, which merged with Cincinnati Bell in 1999 to create Broadwing, will report directly to Ellenberger. In addition to serving as General Counsel and Corporate Secretary, Smith will oversee all regulatory, public affairs, human resources, administration, and legal departments for Broadwing. Smith succeeds, as General Counsel and Corporate Secretary, Thomas Taylor, who has retired as an officer from the company. Prior to coming to Broadwing, Smith spent 11 years in various leadership positions at The Times Mirror Company, including: Associate General Counsel & Assistant Secretary, Vice President of Planning and Development, for one of the company's divisions, and as General Counsel to the Baltimore Sun newspaper. Prior to 1985, Smith was employed for seven years in private law practice as a trial and business attorney. Smith holds a M.B.A. from Pepperdine University, a J.D. from the University of California, Hastings College of the Law in San Francisco and a B.S. from Lewis and Clark College. He is a member of the American Society of Corporate Secretaries and the Texas General Counsel Association. ABOUT BROADWING Broadwing Inc. (NYSE: BRW) combines unparalleled customer service with the industry's most advanced and flexible 18,500 mile next-generation fiber optic network and award-winning IP backbone, to create data and Internet solutions that are innovative, reliable, and provide businesses a competitive advantage. Broadwing will be the first provider with a fully deployed optical network and sets the standard for customer accountability with the industry's only Installation Guarantee. Headquartered in Cincinnati, Ohio and Austin, Texas with 6,000 employees in 56 sales and service offices across the country, Broadwing can be found on the Web at www.broadwing.com. # # # -----END PRIVACY-ENHANCED MESSAGE-----