-----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, M17szqzEW/smwR4W5ppeD2IoeMrdqZV8/XSjDorRcFRa2nEw8iYvise5CUoMNsIz k+6UpEeC9md4oXoF7oYJnw== 0001035704-07-000675.txt : 20070925 0001035704-07-000675.hdr.sgml : 20070925 20070925172420 ACCESSION NUMBER: 0001035704-07-000675 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070925 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070925 DATE AS OF CHANGE: 20070925 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ECHOSTAR COMMUNICATIONS CORP CENTRAL INDEX KEY: 0001001082 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 880336997 STATE OF INCORPORATION: NV FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-26176 FILM NUMBER: 071135030 BUSINESS ADDRESS: STREET 1: 9601 S. MERIDIAN BLVD. CITY: ENGLEWOOD STATE: CO ZIP: 80112 BUSINESS PHONE: 3037231000 MAIL ADDRESS: STREET 1: 9601 S. MERIDIAN BLVD. CITY: ENGLEWOOD STATE: CO ZIP: 80112 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ECHOSTAR DBS CORP CENTRAL INDEX KEY: 0001042642 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899] IRS NUMBER: 841328967 STATE OF INCORPORATION: CO FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-31929 FILM NUMBER: 071135031 BUSINESS ADDRESS: STREET 1: 9601 S. MERIDIAN BLVD. CITY: ENGLEWOOD STATE: CO ZIP: 80112 BUSINESS PHONE: 3037231277 MAIL ADDRESS: STREET 1: 9601 S. MERIDIAN BLVD. CITY: ENGLEWOOD STATE: CO ZIP: 80112 8-K 1 d50160e8vk.htm FORM 8-K e8vk
 

 
 
UNITED STATES
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): September 25, 2007
ECHOSTAR COMMUNICATIONS CORPORATION
(Exact name of registrant as specified in its charter)
         
NEVADA
(State or other jurisdiction of
incorporation)
  0-26176
(Commission File Number)
  88-0336997
(IRS Employer
Identification No.)
     
9601 S. MERIDIAN BLVD.
ENGLEWOOD, COLORADO
(Address of principal executive offices)
   
80112
(Zip Code)
(303) 723-1000
(Registrant’s telephone number, including area code)
ECHOSTAR DBS CORPORATION
(Exact name of registrant as specified in its charter)
         
COLORADO
(State or other jurisdiction of
incorporation)
  333-31929
(Commission File Number)
  84-1328967
(IRS Employer
Identification No.)
     
9601 S. MERIDIAN BLVD.
ENGLEWOOD, COLORADO
(Address of principal executive offices)
   
80112
(Zip Code)
(303) 723-1000
(Registrant’s telephone number, including area code)
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)
o   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))
 
 

 


 

Item 8.01 Other Events
Attached as an exhibit hereto is a press release dated September 25, 2007, announcing that EchoStar Communications Corporation is considering a spin-off of its technology and infrastructure business from its DISH Network U.S. consumer business.
Item 9.01 Financial Statements and Exhibits
(c) Exhibits:
     
99.1
  Press Release “EchoStar Considering Spin-off of Technology and Infrastructure Assets From DISH Network U.S. Consumer Business”
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.
         
  ECHOSTAR COMMUNICATIONS CORPORATION
ECHOSTAR DBS CORPORATION
 
 
Date: September 25, 2007  By:   /s/ R. Stanton Dodge    
      R. Stanton Dodge    
      Executive Vice President, General Counsel and Secretary   
 

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EXHIBIT INDEX
     
Exhibit No.   Description
 
   
99.1
  Press Release “EchoStar Considering Spin-off of Technology and Infrastructure Assets From DISH Network U.S. Consumer Business”

 

EX-99.1 2 d50160exv99w1.htm PRESS RELEASE exv99w1
 

EXHIBIT 99.1
EchoStar Considering Spin-off of Technology and Infrastructure Assets From DISH Network U.S. Consumer Business
ENGLEWOOD, Colo., Sep 25, 2007 (PrimeNewswire via COMTEX News Network) — EchoStar Communications Corporation (Nasdaq:DISH) today announced that its Board of Directors has directed Management to pursue a possible separation of its businesses into two distinct publicly traded companies. EchoStar recently submitted a request to the Internal Revenue Service for a ruling as to the tax-free nature of the transaction.
Under the proposed plan, EchoStar’s U.S. consumer pay-TV business would continue to operate as the DISH Network(r). Most of the company’s other technology and infrastructure assets would be spun-off in a transaction intended to be tax-free to EchoStar and its shareholders. Upon completion of the spin-off transaction, the shareholders of EchoStar would have separate pro rata ownership interests in each company.
“We believe separation of our consumer-based and wholesale businesses could unlock additional value. Each company would be able to separately pursue the strategies that best suit its respective long-term interests. The spin-off transaction would also allow employee incentives to be tied to their respective company’s performance, and improve opportunities to effectively develop and finance expansion plans,” said Charlie Ergen, Chairman and Chief Executive Officer of EchoStar.
The transaction would be transparent to DISH Network’s over 13.585 million U.S. DBS customers. Installation, customer service, billing and other consumer services would continue to be operated by DISH Network, together with most satellites and spectrum used to support that subscriber base. Mr. Ergen would continue to serve as Chairman and CEO of DISH Network, and would fill the same roles with the spun-off company.
The spin-off assets would include, among other things, EchoStar’s award-winning set top box design and manufacturing business, its international operations, and assets used to provide fixed satellite services to third parties, together with satellites, uplink centers and spectrum licenses not considered core to DISH Network’s subscriber business. Already the world’s leading developer of digital video recorders, the set-top box business shipped over nine million units in 2006 to DISH Network and international customers. The recently announced acquisition of Sling Media further illustrates EchoStar’s commitment to delivering best-in-class consumer technology products enabling customers to enjoy their content anywhere, any time.
The spin-off is subject to certain conditions, including, among others, final approval by EchoStar’s board of directors of the transaction, effectiveness of a securities registration statement, confirmation that the spin-off will qualify as a tax-free transaction for EchoStar and its shareholders and receipt of regulatory and other necessary approvals. Final terms and timing of the transaction have not yet been determined. EchoStar is preparing a registration statement for filing with the Securities and Exchange Commission in connection with the spin-off. The registration statement will include important information about the Company, the proposed spin-off and related matters. Shareholders are urged to read the registration statement if and when it becomes available.
About EchoStar
EchoStar Communications Corporation (Nasdaq:DISH) has been a leader for more than 26 years in satellite TV equipment sales and support worldwide. The Company’s DISH Network(tm) is the fastest-growing pay-TV provider in the country since 2000 and currently serves more than 13.585 million satellite TV customers. DISH Network offers a premier line of industry-leading Digital Video Recorders (DVRs) and hundreds of video and audio channels as well as the most national HD and International channels in the U.S., Interactive TV, Latino and sports programming. DISH Network also provides a variety of package and price options including the lowest all-digital price in America and the DishDVR

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Advantage Package. EchoStar is included in the Nasdaq-100 Index (NDX) and is a Fortune 300 company. Visit www.echostar.com or call 1-800-333-DISH (3474) for more information.
The EchoStar logo is available at http://www.primenewswire.com/newsroom/prs/?pkgid=3707
Forward-Looking Statements
This press release contains “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995. The statements relate to, among other things, the contemplated spin-off by EchoStar of a separate company comprised of certain of EchoStar’s technology, infrastructure and other assets. Whenever you read a statement that is not simply a statement of historical fact (such as when we describe what we “believe,” “intend,” “plan,” “estimate,” “expect,” “may,” “will,” “would,” “could,” “anticipate,” or “will occur” and other similar statements), you must remember that our expectations may not be correct, even though we believe they are reasonable. We do not guarantee that any future transactions or events described herein will happen as described or that they will happen at all. You should read this press release completely and with the understanding that actual future results may be materially different from what we expect. This cautionary statement applies to all forward-looking statements included in this release. Whether actual events or results will conform with our expectations and predictions is subject to a number of risks and uncertainties, many of which are beyond the control of EchoStar. The risks and uncertainties include, but are not limited to, the following: (i) final approval by EchoStar’s board of directors of the transaction, (ii) effectiveness of a registration statement in connection with the spin-off, (iii) receipt of an opinion from counsel to the effect that the spin-off will qualify as a tax-free transaction for EchoStar and its stockholders, (iv) receipt of other necessary regulatory approvals may not be obtained on the terms expected or on the anticipated schedule, (v) no unanticipated developments that delay or negatively impact the contemplated spin-off, and (vi) other risks described from time to time in periodic reports filed by EchoStar with the Securities and Exchange Commission. All cautionary statements made herein should be read as being applicable to all forward-looking statements wherever they may appear. In this connection, investors should consider the risks described herein and should not place undue reliance on any forward-looking statements. EchoStar expressly disclaims any obligation or undertaking to update these statements to reflect the impact of circumstances or events that arise after the date on which they were made. Investors should consult EchoStar’s reports filed with the SEC for additional information.
This news release was distributed by PrimeNewswire, www.primenewswire.com
SOURCE: EchoStar
EchoStar Communications Corporation
Investor Relations:
Jason Kiser
(303) 723-2210
jason.kiser@echostar.com
Press Contact:
Kathie Gonzalez
(720) 514-5351
press@echostar.com

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