e8vk
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): August 31, 2010
MEDIACOM COMMUNICATIONS CORPORATION
(Exact name of Registrant as specified in its charter)
|
|
|
|
|
Delaware
(State of incorporation)
|
|
0-29227
(Commission File No.)
|
|
06-1566067
(IRS Employer Identification No.) |
100 Crystal Run Road
Middletown, New York 10941
(Address of principal executive offices)
Registrants telephone number: (845) 695-2600
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the Registrant under any of the following provisions:
|
|
|
o |
|
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
|
|
|
|
þ |
|
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
|
|
|
|
o |
|
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
|
|
|
|
o |
|
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
|
On August 31, 2010, Rocco B. Commisso, our Chairman and Chief Executive Officer, issued a
press release announcing that he has withdrawn his May 31, 2010 non-binding offer to purchase all
of the shares of Mediacom not currently owned by him.
A copy of the press release is being furnished as Exhibit 99.1 to this report and incorporated
herein by reference.
|
|
|
Item 9.01. |
|
Financial Statements and Exhibits. |
|
|
|
|
|
Exhibit No. |
|
Description |
|
99.1 |
|
|
Press release issued on August 31, 2010 |
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.
Dated: August 31, 2010
|
|
|
|
|
|
Mediacom Communications Corporation
|
|
|
By: |
/s/ Mark E. Stephan
|
|
|
|
Mark E. Stephan |
|
|
|
Executive Vice President and
Chief Financial Officer |
|
|
exv99w1
Exhibit 99.1
For Immediate Release
Rocco B. Commisso Withdraws His Offer to Take
Mediacom Communications Private
Middletown, New York August 31, 2010 Rocco B. Commisso, the founder, Chairman and Chief
Executive Officer of Mediacom Communications Corporation (Nasdaq: MCCC), today announced that he
has withdrawn his May 31, 2010 non-binding offer to purchase all of the shares of Mediacom not
currently owned by him. Mr. Commisso reached this decision after the Special Committee of
Mediacoms Board of Directors rejected a meaningful increase to his initial offer price, and
despite Mr. Commissos agreement that acceptance of such offer would be subject to the approval of
the holders of a majority of shares of Mediacom that Mr. Commisso does not own.
In commenting on the determination of the Special Committee, Mr. Commisso stated I am very
disappointed with the highly unusual process and ground rules established by the Special Committee
and its financial and legal advisors to evaluate my proposal. I firmly believe that the Special
Committees decision is not in the best interests of Mediacoms shareholders.
Mr. Commisso expressed particular frustration that the Special Committees rejection of his revised
offer deprived Mediacoms public shareholders of the opportunity to decide for themselves whether
or not to accept a price for their shares that represents a significant premium to the closing
price of Mediacom shares on the trading day immediately prior to the May 31st offer and to the
average closing price over the six-month period prior to such date.
Based on the rejection of the offer, Mr. Commisso has determined to withdraw his proposal and
terminate discussions with the Special Committee. He reiterated that he currently has no interest
in entering into a transaction to sell his Mediacom shares. He remains focused, as he has been
since founding Mediacom in 1995, on working with the Companys dedicated management team to lead
Mediacoms 4,500 employees in providing quality services to Mediacoms customers and delivering
value to all of its shareholders.
Contact:
Rocco B. Commisso
845-695-2600