-----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, VghQfcoxYs9+H+IlCxQltSc3i3pXkPoK7+IpL1F+gWGbHwGVL7j1T8EoxevNxN9t 8ZplzxNncDL9h8phbz33og== 0000950123-99-008028.txt : 19990830 0000950123-99-008028.hdr.sgml : 19990830 ACCESSION NUMBER: 0000950123-99-008028 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19990827 ITEM INFORMATION: ITEM INFORMATION: FILED AS OF DATE: 19990827 FILER: COMPANY DATA: COMPANY CONFORMED NAME: GENERAL INSTRUMENT CORP CENTRAL INDEX KEY: 0001035881 STANDARD INDUSTRIAL CLASSIFICATION: RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT [3663] IRS NUMBER: 364134221 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-12925 FILM NUMBER: 99700481 BUSINESS ADDRESS: STREET 1: 101 TOURNAMENT DRIVE CITY: HORSHAM STATE: PA ZIP: 19044 BUSINESS PHONE: 2153231000 MAIL ADDRESS: STREET 1: 101 TOURNAMENT DRIVE CITY: HORSHAM STATE: PA ZIP: 19044 FORMER COMPANY: FORMER CONFORMED NAME: NEXTLEVEL SYSTEMS INC DATE OF NAME CHANGE: 19970314 8-K 1 FORM 8-K 1 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): August 27, 1999 General Instrument Corporation (Exact name of registrant as specified in its charter) Delaware 001-12925 36-4134221 (State of incorporation) (Commission File Number) (IRS Employer Identification No.) 101 Tournament Drive, Horsham, Pennsylvania 19044 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (215) 323-1000. 2 Item 5. Other Events. On August 27, 1999, General Instrument Corporation, a Delaware corporation, issued a press release announcing that Next Level Communications, Inc. filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering for the account of Next Level. The press release is filed as Exhibit 99.1 hereto. Item 7. Financial Statements and Exhibits. Exhibit Description - ------- ----------- 99.1 Press Release issued August 27, 1999 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. GENERAL INSTRUMENT CORPORATION (Registrant) By: /s/ Marc E. Rothman ------------------------- Marc E. Rothman Vice President, Financial Planning and Analysis and Controller Date: August 27, 1999 EX-99.1 2 PRESS RELEASE 1 Exhibit 99.1 FOR IMMEDIATE RELEASE MEDIA CONTACT: Sharon Corbitt Director, Communications 215-323-1873 scorbitt@gi.com INVESTOR CONTACT: Dario Santana VP, Investor Relations 215-323-1213 dsantana@gi.com NEXT LEVEL COMMUNICATIONS FILES INITIAL PUBLIC OFFERING HORSHAM, PA (AUGUST 27, 1999) - General Instrument Corporation (NYSE: GIC) announced today that Next Level Communications, Inc. filed a registration statement with the Securities and Exchange Commission for a proposed initial public offering of common stock. Next Level Communications is the corporate successor to a partnership in which General Instrument is the limited partner. The shares will be offered for the account of Next Level Communications. While Next Level Communications did not specify a number of shares to be offered, or a price of the shares in its filing, General Instrument expects to hold approximately 65% to 70% of the outstanding common stock on a fully-diluted basis after giving effect to the offering. Next Level Communications is a provider of broadband communications systems that enable telephone companies to cost-effectively deliver a full suite of voice, video and data services over the existing copper wire telephone infrastructure. A REGISTRATION STATEMENT RELATING TO THESE SECURITIES HAS BEEN FILED WITH THE SECURITIES AND EXCHANGE COMMISSION BUT HAS NOT YET BECOME EFFECTIVE. THESE SECURITIES MAY NOT BE SOLD NOR MAY OFFERS TO BUY BE ACCEPTED PRIOR TO THE TIME THE REGISTRATION STATEMENT BECOMES EFFECTIVE. THIS COMMUNICATION SHALL NOT CONSTITUTE AN OFFER TO SELL OR THE SOLICITATION OF AN OFFER TO BUY NOR SHALL THERE BE ANY SALE OF THESE SECURITIES IN ANY STATE IN WHICH SUCH OFFER, SOLICITATION OR SALE WOULD BE UNLAWFUL PRIOR TO REGISTRATION OR QUALIFICATION UNDER THE SECURITIES LAWS OF ANY SUCH STATE. A COPY OF THE PRELIMINARY PROSPECTUS MAY BE OBTAINED FROM THE OFFICES OF MERRILL LYNCH, PIERCE, FENNER & SMITH INCORPORATED, CREDIT SUISSE FIRST BOSTON, LEHMAN BROTHERS OR WARBURG DILLON READ LLC, THE UNDERWRITERS FOR THE OFFERING. General Instrument Corporation (NYSE: GIC) is a leading worldwide provider of integrated and interactive broadband access solutions, teaming with its business partners to lead the convergence of the Internet, telecommunications and video entertainment industries. This press release contains "forward-looking" information within the meaning of the Private Securities Litigation Reform Act of 1995, and, accordingly, the cautionary statements contained in Exhibit 99, under the caption "Forward-Looking Information" in General Instrument Corporation's Quarterly Report on Form 10-Q for the quarter ended June 30, 1999, are incorporated herein by reference. Actual results might differ materially from those projected in the forward-looking statements. In addition, there can be no assurance that the public offering by Next Level Communications will be completed or as to the price or number of shares to be offered, all of which are subject to market conditions. -----END PRIVACY-ENHANCED MESSAGE-----