-----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, Cs/Ie8PpJYF3jvtoEUElfhuQyGHJMRYysuPXwdscSFN6Osv1mglx0U5ps2pwAxnq BKSJqCP+ma35XF3jX/TSVg== /in/edgar/work/20000623/0000863437-00-000003/0000863437-00-000003.txt : 20000920 0000863437-00-000003.hdr.sgml : 20000920 ACCESSION NUMBER: 0000863437-00-000003 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20000609 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 20000623 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HECTOR COMMUNICATIONS CORP CENTRAL INDEX KEY: 0000863437 STANDARD INDUSTRIAL CLASSIFICATION: [4813 ] IRS NUMBER: 411666660 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-13891 FILM NUMBER: 659573 BUSINESS ADDRESS: STREET 1: 211 S MAIN ST STREET 2: P O BOX 428 CITY: HECTOR STATE: MN ZIP: 55342 BUSINESS PHONE: 6128486611 MAIL ADDRESS: STREET 1: P O BOX 428 STREET 2: 211 S MAIN ST CITY: HECTOR STATE: MN ZIP: 55342 8-K 1 0001.txt ACQUISITION OF HAGER TELECOM, INC. 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: June 9, 2000 (Date of Earliest Event Reported) Hector Communications Corporation ------------------------------------------------------ (Exact name of registrant as specified in its charter) Minnesota 0-18587 41-1666660 - ----------------- -------------- ------------------ (State or other (Commission (I.R.S. Employer jurisdiction File Number) Identification No.) of Incorporation) 211 South Main Street Hector, Minnesota 55342 ---------------------------------------- (Address of principal executive offices) Registrant's telephone number, including area code: (320) 848-6611 Total Pages (3) Hector Communications Corporation Form 8-K Items 1 - 4 -- Not applicable. - ------------------------------ Item 5. Other Events. - ---------------------- On June 9, 2000, Registrant, through its 68% owned subsidiary, Alliance Telecommunications Corporation, a Minnesota corporation ("Alliance"), acquired Hager TeleCom, Inc., a Wisconsin corporation ("Hager"), and its wholly owned subsidiary, Cannon Communications Corporation, a Minnesota corporation ("Cannon"). The acquisition was conducted through a merger transaction whereby a wholly-owned subsidiary of Alliance, Alliance Acquisition, Inc., a Wisconsin corporation, merged with and into Hager. The aggregate consideration paid to Hager's shareholders was $9,124,700, including an escrow of approximately $445,500. Hager provides telephone service to approximately 2000 residential and business customers in the Hager City, Wisconsin area. In addition, Hager provides Internet service to approximately 2500 customers, primarily in Redwing, Minnesota and has investments in several telecommunications ventures, including Midwest Wireless LLC. Hager's 1999 operating revenues were approximately $1,448,000. Item 6 -- Not applicable. - ------------------------- Item 7. Financial Statements and Exhibits. - ------------------------------------------ (a) Not applicable. (b) Not applicable. (c) 99.1 Press release Item 8 -- Not applicable. - ------------------------- 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. HECTOR COMMUNICATIONS CORPORATION By /s/Charles A. Braun --------------------------- Charles A. Braun Chief Financial Officer Dated: June 23, 2000 2 Hector Communications Corporation Form 8-K Exhibit 99.1 - Press Release PRESS RELEASE Contact: Curtis A. Sampson, Chairman and Chief Executive Officer at 320-848-6231 HECTOR COMMUNICATIONS REPORTS AGREEMENT TO ACQUIRE HAGER TELECOM, INC. Hector, Minnesota -- May 16, 2000 -- Hector Communications Corporation (Amex: HCT) today reported that its 68% owned subsidiary, Alliance Telecommunications Corporation, has signed a definitive agreement to acquire Hager TeleCom, Inc. and its wholly owned subsidiary, Cannon Communications Corporation. The acquisition will be conducted by a merger transaction. The aggregate consideration to be paid to Hager's shareholders is $9,124,700, including an escrow of approximately $445,500. Hager TeleCom provides telephone service to approximately 2000 residential and business customers in the Hager City, Wisconsin area. In addition, Hager provides Internet service to approximately 2500 customers, primarily in Redwing, Minnesota and has investments in several telecommunications ventures, including Midwest Wireless LLC. Hager's 1999 operating revenues were approximately $1,448,000. Curtis A. Sampson. Hector's Chairman and Chief Executive Officer, stated that: "We are pleased to report this acquisition. Hager is a well managed telecommunications company with a history of steady growth in revenues, operating income and cash flow. In addition, it is geographically complementary to the Company's operations in eastern Minnesota communities of Goodhue, Pine Island and Mazeppa. In addition to Hector's 68% interest, Alliance is owned by Golden West Telecommunications Cooperative, Inc., of Wall, South Dakota and Split Rock Telecom Cooperative, Inc., of Garreston, South Dakota. Hector Communications Corporation, through its wholly-owned and majority-owned subsidiaries, provides telephone and cable television service to rural communities in Minnesota, Wisconsin, South Dakota and Iowa. The Company presently serves more than 36,000 telephone access lines and 13,000 cable television customers. Hector is also an investor in partnerships and corporations providing wireless telephone and other telecommunications related services. 3 -----END PRIVACY-ENHANCED MESSAGE-----