8-K 1 j9223601e8-k.txt ADELPHIA COMMUNICATIONS CORPORATION 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) January 8, 2002 ADELPHIA COMMUNICATIONS CORPORATION (Exact name of registrant as specified in its charter) Delaware 0-16014 23-2417713 (State or other (Commission File Number) (IRS Employer jurisdiction of Identification No.) incorporation) One North Main Street - Coudersport, PA 16915-1141 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code (814) 274-9830 Item 5. Other Events and Regulation FD Disclosure (a) In a press release dated January 9, 2002, Adelphia Communications Corporation announced the final distribution ratio for its stock dividend of all of the shares of common stock of Adelphia Business Solutions, Inc. (Nasdaq: ABIZ)("ABIZ") owned by Adelphia to effectuate its previously announced intent to spin-off the common stock of ABIZ owned by it. The distribution ratio is 0.498096194. Accordingly, each holder of Adelphia Class A common stock of record as of 5:00 p.m. Eastern time on January 8, 2002 will receive 0.498096194 of a share of ABIZ Class A common stock per share of Adelphia Class A common stock. Each holder of Adelphia Class B common stock of record as of 5:00 p.m. Eastern time on January 8, 2002 will receive 0.498096194 of a share of ABIZ Class B common stock per share of Adelphia Class B common stock. The payment date for the distribution will be January 11, 2002. A copy of the press release dated January 9, 2002 is attached to this Form 8-K, incorporated herein by reference and filed herewith under Item 7 as Exhibit 99.01. (b) Adelphia is mailing an information statement relating to the ABIZ spin-off to Adelphia common stockholders of record as of 5:00 p.m. on January 8, 2002, the record date for the distribution of ABIZ common stock. A copy of the information statement is attached to this Form 8-K, incorporated herein by reference and filed herewith under Item 7 as Exhibit 99.02. Item 7. Financial Statements and Exhibits Exhibit No. Description ----------- ----------- 99.01 Press Release dated January 9, 2002 (Filed Herewith). 99.02 Information Statement dated January 8, 2002 (Filed Herewith). SIGNATURE 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 thereunto duly authorized. Date: January 9, 2002 ADELPHIA COMMUNICATIONS CORPORATION (Registrant) By: /s/ Timothy J. Rigas ---------------------------------------- Timothy J. Rigas Executive Vice President, Treasurer and Chief Financial Officer EXHIBIT INDEX Exhibit No. Description ----------- ----------- 99.01 Press Release dated January 9, 2002 (Filed Herewith). 99.02 Information Statement dated January 8, 2002 (Filed Herewith).