-----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, RtPfPU1/bn8PX8CM6/YU+gifASOMHKwO1p7QsDHevVKGIWhV7cZPLntlgQtCXwuK tVkCuOAMDXcCAg9h23vU8A== 0000950152-03-007032.txt : 20030724 0000950152-03-007032.hdr.sgml : 20030724 20030724105113 ACCESSION NUMBER: 0000950152-03-007032 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030724 ITEM INFORMATION: Other events FILED AS OF DATE: 20030724 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CINCINNATI BELL 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: 1934 Act SEC FILE NUMBER: 001-08519 FILM NUMBER: 03799748 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: BROADWING INC DATE OF NAME CHANGE: 20000512 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 l02290ae8vk.txt CINCINNATI BELL INC. 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: July 24, 2003 CINCINNATI BELL 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 CINCINNATI BELL INC. ITEM 5. OTHER EVENT. Cincinnati Bell Inc. (NYSE: CBB) issued a Press Release on July 23, 2003 announcing that its Chief Executive Officer, Kevin W. Mooney, has decided to leave the company. A copy of the press release is attached as Exhibit 99.1. 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. CINCINNATI BELL INC. By: /s/ Jeffrey C. Smith --------------------------------------------- Jeffrey C. Smith Chief Human Resources Officer, General Counsel and Corporate Secretary Date: July 24, 2003 EXHIBIT INDEX Exhibit No. Exhibit Page No. - ----------- ------- -------- 99.1 Press Release of the Company dated July 23, 2003 EX-99.1 3 l02290aexv99w1.txt EXHIBIT 99.1 EXHIBIT 99.1 CINCINNATI BELL INC. - PRESS RELEASE Investor/Media contact: - ----------------------- Mike Hemsath 513.397.7788 mike.hemsath@cinbell.com - ------------------------ CINCINNATI BELL CEO KEVIN MOONEY RESIGNS FOLLOWING SUCCESSFUL RESTRUCTURING, 13-YEAR VETERAN DECIDES TO LEAVE, BOARD RETAINS SPENCER STUART LLP TO CONDUCT CEO SEARCH CINCINNATI - July 22, 2003 -- Cincinnati Bell Inc. (NYSE: CBB) today announced that its Chief Executive Officer, Kevin W. Mooney, has decided to leave the company, effective July 31, 2003, following the successful completion of a $2 billion restructuring of the telecommunications company. Mooney, 45, said that since the company was on the right track now to focus on its Cincinnati-based businesses, he felt this was the best time for the company to seek new leadership. "Over the last 13 years, I've worked very hard to build this company and help it survive. Now it's time for new challenges and new opportunities," Mooney said. "I'm extremely grateful to the employees of this company who have given so much during very difficult circumstances." Since September 2002 when Mooney was named CEO, the company has implemented a substantial financial and strategic repositioning. The company executed a five-point restructuring plan designed to improve the company's financial position, maintain the strength and stability of its Cincinnati-based businesses, lower the cash burn at its broadband unit while divesting of the business, reduce the company's debt, and increase shareholder value. Mooney also served as chief operating officer in 2002 and previously was the Company's chief financial officer. "During his tenure as CEO, Kevin made substantial contributions to the success of Cincinnati Bell, and we are grateful for his support and leadership," said Phillip R. Cox, Chairman of the Board. The company has retained Spencer Stuart LLP, a global executive recruiting firm, to conduct a search for his replacement. # # # ABOUT CINCINNATI BELL INC. Cincinnati Bell Inc. (NYSE: CBB) is parent to one of the nation's most respected and best performing local exchange and wireless providers with a legacy of unparalleled customer service excellence. The company was recently ranked number one in customer satisfaction, for the second year in a row, by J.D. Power and Associates for local residential telephone service and residential long distance among mainstream users. Cincinnati Bell provides a wide range of telecommunications products and services to residential and business customers in Ohio, Kentucky and Indiana. Cincinnati Bell is headquartered in Cincinnati, Ohio. For more information, visit www.cincinnatibell.com. Note: Information included in this news release contains forward-looking statements that involve potential risks and uncertainties. Cincinnati Bell's future results could differ materially from those discussed herein. Factors that could cause or contribute to such differences include, but are not limited to, Cincinnati Bell's ability to maintain its market position in communications services, general economic trends affecting the purchase of telecommunication services, world and national events that may affect the ability to provide services, and its ability to develop and launch new products and services. More information on potential risks and uncertainties is available in the company's recent filings with the Securities and Exchange Commission, including the 2002 Form 10-K for Cincinnati Bell Inc. 2 -----END PRIVACY-ENHANCED MESSAGE-----