-----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, NofI17LTHsaug/ykPYtIxVCO0aM23bgnNt3120bHurusvWCjT3ECN3JZU4Qc7gNm WU9ENAujkO65ZlkKEV4pnQ== 0001047469-99-008292.txt : 19990304 0001047469-99-008292.hdr.sgml : 19990304 ACCESSION NUMBER: 0001047469-99-008292 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990319 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990303 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CS WIRELESS SYSTEMS INC CENTRAL INDEX KEY: 0001011744 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 232751747 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 333-03288 FILM NUMBER: 99556362 BUSINESS ADDRESS: STREET 1: 1101 SUMMIT AVENUE CITY: PLANO STATE: TX ZIP: 75074 BUSINESS PHONE: 9723985300 MAIL ADDRESS: STREET 1: 1101 SUMMIT AVENUE CITY: PLANO STATE: TX ZIP: 75074 8-K 1 8K 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) FEBRUARY 19, 1999 CS WIRELESS SYSTEMS, INC. (Exact name of registrant as specified in its charter) DELAWARE 333-3288 23-2751747 (State or other jurisdiction (Commission File Number) (I.R.S. Employer of incorporation) Identification No.) 1101 SUMMIT AVENUE PLANO, TEXAS 75074 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (972) 398-5300 ITEM 5. OTHER EVENTS CS Wireless Systems, Inc. (the "Company") announced on February 19, 1999 the departures of David E. Webb, the Company's Chief Executive Officer, and Thomas Dixon, the Company's Executive Vice President. A copy of the press release announcing the departures is annexed to this Form 8-K as Exhibit 99.1. Jared Abbruzzese, the Company's Chairman of the Board, was appointed to the position of Acting Chief Executive Officer. Mr. Abburzzese serves as Chief Executive Officer of CAI Wireless Systems, Inc. ("CAI"), the largest stockholder of the Company. Derwood Edge, Senior Vice President and Chief Systems Officer of CAI, was appointed as the Acting Chief Operating Officer of the Company. ITEM 7. FINANCIAL STATEMENTS, PROFORMA FINANCIAL INFORMATION AND EXHIBITS (c) Exhibits 99.1 Press Release dated February 19, 1999 SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. DATED: March 2, 1999 CS WIRELESS SYSTEMS, INC. BY: /s/ Albert G. McGrath, Jr. --------------------------- ALBERT G. MCGRATH, JR. VICE PRESIDENT EX-99.1 2 EXHIBIT 99.1 EXHIBIT 99.1 FOR IMMEDIATE RELEASE Contact: Albert G. McGrath, Jr. - CS Wireless 972/398-5300 CS WIRELESS SYSTEMS, INC. ANNOUNCES CHANGE IN MANAGEMENT STRUCTURE PLANO, Texas, February 19, 1999 - CS Wireless Systems, Inc. ("CS Wireless") today announced that the company's Chief Executive Officer, David E. Webb, has left CS Wireless to join a privately held entity formed to acquire and develop cable interests, wireless and hardwire, in various regions in the United States and Latin America. Mr. Webb has committed to be available to CS Wireless for a period of up to fourteen months in order to assist the company with its efforts to submit filings with the Federal Communications Commission for authorization for the two-way use of the MMDS spectrum and its restructuring initiatives. The company's Executive Vice President, Thomas Dixon, has resigned from the company to pursue cable opportunities in the mid-western region of the United States, but also committed to be available for up to one year to assist the company in connection with the two-way applications. The company also announced a series of management changes designed to more closely align the interests and coordinate the efforts of the company with its largest stockholder, CAI Wireless Systems, Inc. (OTC:CWSS), relative to the filings to be made with the FCC. The changes will streamline the management structure of CS Wireless and CAI. Jared E. Abbruzzese, the Chief Executive Officer of CAI, will hold the title of Acting Chief Executive Officer of CS Wireless. Additionally, Derwood Edge, a Senior Vice President and the Chief Systems Officer of CAI, has assumed the title of Acting Chief Operating Officer of CS Wireless. CS Wireless' Senior Vice President - Finance, John Lund, has been named Chief Financial Officer of the Company. Mr. Abbruzzese stated, "On behalf of CS Wireless and CAI Wireless, we extend our appreciation to Mr. Dixon who has been with the company since February 1996 and to Mr. Webb who joined the company in the capacity of Chief Executive Officer in March 1997. The companies are grateful that Messrs. Webb and Dixon have committed to be available to CS Wireless during a critical time period." In conjunction with the management changes, CS Wireless also announced that it has entered into an agreement with CAI for the purpose of coordinating the efforts of both companies with respect to two-way applications and the various agreements required in order to submit such filings with the FCC. CS Wireless has agreed to retain the engineering staff of CAI and has conferred upon CAI, subject certain Board approvals, the authority necessary for CAI to analyze, design and implement all aspects of the frequency coordination necessary for the two-way applications. The agreement calls for CS Wireless to pay to CAI the costs of the personnel provided, including benefits, and the facility and equipment utilized by the CAI personnel in delivering the services. CAI and CS Wireless are developers, owners and operators of wireless telecommunications transport systems utilizing MMDS spectrum. Headquartered in Albany, New York, CAI has focused on the development of MMDS systems in the Northeast and Mid-Atlantic regions of the United States. It owns approximately 94% of the outstanding common stock of CS Wireless, which is headquartered in Plano, Texas. CS Wireless' markets are principally in the Southwestern and Mid-western regions of the United States. -----END PRIVACY-ENHANCED MESSAGE-----