-----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, FaHPL36jehnIsIfH8mvNoOR7G1g9jOoUke3kZU5mBzzfshDWQwDoQHPwqGBPcMlR xjR6In6Mzwa8GNL8AkLqKg== 0001013816-05-000114.txt : 20050308 0001013816-05-000114.hdr.sgml : 20050308 20050308170048 ACCESSION NUMBER: 0001013816-05-000114 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20050308 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050308 DATE AS OF CHANGE: 20050308 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INSIGHT COMMUNICATIONS CO INC CENTRAL INDEX KEY: 0001084421 STANDARD INDUSTRIAL CLASSIFICATION: CABLE & OTHER PAY TELEVISION SERVICES [4841] IRS NUMBER: 134053502 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-26677 FILM NUMBER: 05667313 BUSINESS ADDRESS: STREET 1: 126 EAST 56TH STREET CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 2123712266 MAIL ADDRESS: STREET 1: INSIGHT COMMUNICATIONS CO INC STREET 2: 126 EAST 56TH STREET CITY: NEW YORK STATE: NY ZIP: 10022 8-K 1 form8k_30805.txt FORM 8-K 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): MARCH 8, 2005 INSIGHT COMMUNICATIONS COMPANY, INC. (Exact name of Registrant as specified in its charter) DELAWARE 0-26677 13-4053502 (State of incorporation) (Commission File No.) (IRS Employer Identification No.) 810 7TH AVENUE NEW YORK, NEW YORK 10019 (Address of principal executive offices) Registrant's telephone number: (917) 286-2300 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: |_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |X| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) ITEM 8.01. OTHER EVENTS. On March 8, 2005, we issued a press release announcing that our Board of Directors had appointed a special committee to review a proposal to acquire all of our outstanding publicly held Class A common stock. A copy of the press release is being furnished as Exhibit 99.1 to this report and incorporated herein by reference. On March 8, 2005, we sent a memo to our employees discussing our receipt of the proposal to acquire all of our outstanding publicly held Class A common stock. A copy of the memo is being furnished as Exhibit 99.2 to this report and incorporated herein by reference. ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS. (a) Financial Statements of Businesses Acquired - None (b) Pro Forma Financial Information - None (c) Exhibits: EXHIBIT NO. DESCRIPTION 99.1 Press release issued on March 8, 2005 99.2 Memo distributed to employees on March 8, 2005 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. INSIGHT COMMUNICATIONS COMPANY, INC. Dated: March 8, 2005 By: /s/ Elliot Brecher --------------------------------- ELLIOT BRECHER Senior Vice President and General Counsel EX-99 2 form8k_30805ex991.txt EXH. 99.1 PRESS RELEASE Exhibit 99.1 [GRAPHIC OMITTED] Contact: Sandra Colony | SVP, Corporate Communications | Insight Communications | 917-286-2300 FOR IMMEDIATE RELEASE INSIGHT COMMUNICATIONS' BOARD OF DIRECTORS FORMS SPECIAL COMMITTEE NEW YORK - MARCH 8, 2005 - Insight Communications' (NASDAQ: ICCI) Board of Directors has appointed a special committee of independent directors to review the proposal received from Insight co-founders Sidney R. Knafel and Michael S. Willner, together with certain related and other parties, and The Carlyle Group to acquire all of the outstanding publicly-held Class A common stock of Insight Communications. The members of the special committee are David C. Lee and Geraldine B. Laybourne. Insight Communications expects this process to have no impact on day-to-day business operations. Insight does not intend to comment further at this time. Interested parties are urged to read relevant documents as filed by Insight Communications with the Securities and Exchange Commission when such documents become available because they will contain important information. Free copies of relevant documents as filed by Insight Communications (when and if available) and other documents filed on the SEC's web site may be obtained at www.sec.gov. # # # EX-99 3 form8k_30805ex992.txt EXH. 99.2 MEMO TO EMPLOYEES Exhibit 99.2 From: Michael Willner Date: March 7, 2005 Re: Proposed Transaction Involving Insight Communications - ------------------------------------------------------------------------ As you may have heard, Sid Knafel (Chairman of Insight's Board of Directors) and The Carlyle Group (a private investment firm) and I have proposed a transaction that would make Insight Communications Company, Inc. a private company. Under the proposal, a new company would be established to acquire all of the outstanding publicly held Class A shares of Insight from its current shareholders. At this time, the conversion to a private company is merely a proposal and will need to be approved by the Board of Directors of the Company and a special committee of the Board in consultation with its advisors. The transaction will also need to comply with a wide variety of legal requirements. The entire process will take several months. You can expect that you will receive further information regarding the transaction as we move forward. You should be aware that being a private company will not change Insight's business. Current management will not change and Sid Knafel and I will continue to control the company. As a private company, Insight will continue to strive to provide great customer service and state-of-the-art products to its subscribers. This transaction should create no distractions in running our business nor will it cause any changes in your jobs. As you know, many Company employees have been given the opportunity to acquire company stock either through compensation plans or under the 401(k) plan. As part of the conversion to a private company, there will need to be some adjustments to these plans as they will operate somewhat differently. We will be providing you with additional details regarding these changes as we move forward. We expect that a Hotline will be established to help answer your questions and will provide you with information regarding the Hotline shortly. You are urged to read relevant documents as filed by Insight Communications with the Securities and Exchange Commission (SEC) when such documents become available because they will contain important information. You may obtain a free copy of the relevant documents as filed by Insight Communications (when and if available) and other documents filed by Insight Communications and the Controlling Shareholders and The Carlyle Group at the SEC's web site at WWW.SEC.GOV. We look forward to a bright future at Insight. -----END PRIVACY-ENHANCED MESSAGE-----