-----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, VQ3Urf4NxkntgQWBNCpP1L5mMq4mp358qzxpAN88wrOqzuu1sSXt0kmhDCvq9o37 wLK+AgjYbvyhI9lp62IfGQ== 0000015615-98-000012.txt : 19980428 0000015615-98-000012.hdr.sgml : 19980428 ACCESSION NUMBER: 0000015615-98-000012 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 19980630 ITEM INFORMATION: FILED AS OF DATE: 19980427 SROS: NYSE FILER: COMPANY DATA: COMPANY CONFORMED NAME: MASTEC INC CENTRAL INDEX KEY: 0000015615 STANDARD INDUSTRIAL CLASSIFICATION: WATER, SEWER, PIPELINE, COMM AND POWER LINE CONSTRUCTION [1623] IRS NUMBER: 591259279 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 001-08106 FILM NUMBER: 98601277 BUSINESS ADDRESS: STREET 1: 3155 N W 77TH AVE CITY: MIAMI STATE: FL ZIP: 33122 BUSINESS PHONE: 3055991800 MAIL ADDRESS: STREET 1: 3155 NW 77TH AVENUE STREET 2: SUITE 115 CITY: MIAMI STATE: FL ZIP: 33122-1205 FORMER COMPANY: FORMER CONFORMED NAME: BURNUP & SIMS INC DATE OF NAME CHANGE: 19920703 8-K 1 FORM 8-K FOR PRESS RELEASES 3/19, 4/2, AND 4/22/98 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 14 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of report (Date of earliest event reported) March 19, 1998 MASTEC, INC. --------------------------------------------- (Exact Name of Registrant as Specified in Charter) Delaware 0-3797 59-1259279 - -------------------------------------------------------------------------------- State of Other Jurisdiction (Commission (IRS Employer Of Incorporation) File Number) Identification No.) 3155 N.W. 77th Avenue, Miami, Florida 33122-1205 - -------------------------------------------------------------------------------- Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code: (305) 599-1800 N/A - -------------------------------------------------------------------------------- (Former Name or Former Address, if Changed Since Last Report) Item 5. Other Events On March 19, 1998, MasTec, Inc. announced it obtained a license in Paraguay to construct and operate a personal communication system (PCS) with national coverage. The development of the system will be shared by Inepar S/A Industria e Construcoes, MasTec's partner in Brazil, and Iecsa S.A., a subsidiary of the Macri Group, its partner in Argentina and Chile. The Company will operate under the name Comunicaciones Personales, S.A. (Copesa). On April 2, 1998, the Company announced approval by the Board of Directors of a stock repurchase program under which the Company, from time to time, may acquire up to 3,000,000 shares of its common stock through open market transactions at prevailing market prices. On April 22, 1998, the Company announced that Julio G. Rebull, Jr. has joined the Company in the newly created position of Senior Vice President of Marketing and Corporate Communications. The Company has issued press releases announcing the foregoing events, copies of which are attached as exhibits 99.1, 99.2, and 99.3, which are incorporated herein by reference. Item 7. Financial Statements and Exhibits. (c) 99.1 Press release dated March 19, 1998. 99.2 Press release dated April 2, 1998. 99.3 Press release dated April 22, 1998. SIGNATURES Pursuant to the requirement of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. Date: April 24, 1998. /s/ Edwin D. Johnson --------------------------------- Edwin D. Johnson Senior Vice President- Chief Financial Officer (Principal Financial Officer and Authorized Officer) EX-99.1 2 PRESS RELEASE DATED: MARCH 19, 1998 NEWS For Immediate Release From: MasTec, Inc. March 19, 1998 3155 N.W. 77th Avenue, Suite 135 Miami, Florida 33122-1205 Tel : (305) 599-1800 Fax : (305) 406-1908 For more information contact: Investor Relations Department invrels@mastec.com MASTEC, INC. ANNOUNCES JOINT VENTURE TO DEVELOP PCS LICENSE IN PARAGUAY MIAMI, FL - MasTec, Inc. (NYSE: MTZ) announced today that it has been successful in obtaining a license in Paraguay to construct and operate a personal communication system (PCS) with national coverage. In addition, the company announced that it has reached agreement with Inepar, S/A Industria e Construcoes (Sao Paulo Stock Exchange: IN), (Inepar), its partner in Brazil, and with Iecsa S.A., a subsidiary of SOCMA-Sociedad Macri (the Macri Group), its partner in Argentina and Chile, to share in development of the system. The Company will operate under the name Comunicaciones Personales, S.A. (Copesa). The agreement provides that the network construction for the PCS system will be performed by MasTec Inepar S/A - Sistemas De Telecomunicacoes (MasTec-Inepar), a Brazilian telecommunications infrastructure construction company owned 51% by MasTec and 49% by Inepar. Jorge Mas, Chairman and Chief Executive Officer, said: "The opportunities to create shareholder value through relatively minor investments in selected markets continue to present themselves to us. Current telephony penetration in Paraguay is estimated to be a mere 3 lines per 100 inhabitants, the lowest in South America. A substantial backlog in demand for service bodes well for our investment and we look forward to working with Inepar and the Macri Group to capture a significant piece of the market as rapidly as possible." Opening the Lines of Communication(R) worldwide, MasTec is one of the world's leading telecommunications and related infrastructure service providers, serving clients throughout the United States, Latin America and Spain. For more information, please visit our web site at www.mastec.com. ### EX-99.2 3 PRESS RELEASE DATED: APRIL 2, 1998 NEWS For Immediate Release From MasTec, Inc. April 2, 1998 3155 N.W. 77th Avenue, Suite 135 Miami, Florida 33122-1205 Tel : (305) 599-1800 Fax : (305) 406-1908 For more information contact: Investor Relations Department invrels@mastec.com MASTEC BOARD APPROVES STOCK REPURCHASE PROGRAM MIAMI, FL - MasTec, Inc. (NYSE: MTZ) announced today that the Board of Directors of MasTec has approved a stock repurchase program under which the Company, from time to time, will acquire up to 3,000,000 shares of the Company's common stock through open market transactions at prevailing market prices. The timing and duration of the program will be dependent on market conditions and is subject to applicable laws and existing agreements. Jorge Mas, Chairman and Chief Executive Officer, said: "We continue to be committed to maximizing stockholder value. Having a repurchase program in place allows us to capitalize on short term swings in our stock price to the benefit of our core, long term stockholder base and is an efficient use of the Company's capital. Based on projections, a buy-back program at current stock prices would be accretive to earnings per share." Opening the Lines of Communication(R) worldwide, MasTec is one of the world's leading telecommunications and related infrastructure service providers, serving clients throughout the United States, Latin America and Spain. For more information, please visit our web site at www.mastec.com. ### EX-99.3 4 PRESS RELEASE DATED: APRIL 22, 1998 NEWS For Immediate Release From MasTec, Inc. April 22, 1998 3155 N.W. 77th Avenue, Suite 135 Miami, Florida 33122-1205 Tel : (305) 599-1800 Fax : (305) 406-1908 For more information contact: Investor Relations Department invrels@mastec.com MASTEC, INC. ANNOUNCES NEW SENIOR VICE PRESIDENT MIAMI, FL - MasTec, Inc. (NYSE: MTZ) announced today that Julio G. Rebull, Jr. has joined the Company in a newly created position of Senior Vice President of Marketing and Corporate Communications. Mr. Rebull was previously the President and co-founder of JGR & Associates (JGR), a marketing communications firm based in South Florida. During his tenure at JGR, Mr. Rebull successfully directed communications programs for a diverse portfolio of clients, including fortune 500 companies such as American Airlines and American Express, and governmental entities such as the Costa Rican Tourism Board, throughout the United States, Latin America and the Caribbean. Jorge Mas, Chairman and Chief Executive Officer, said: "We are always seeking the best talent available to help support our growth strategy. Julio has a great business mind and is a recognized communications strategist that we believe will be a great addition to the MasTec management team." "This is an exciting opportunity to use my knowledge and skills as part of the visionary team at MasTec", commented Mr. Rebull. "MasTec is without a doubt a leader in one of the most exciting industries and has positioned itself to continue as the leader." Opening the Lines of Communication(R) worldwide, MasTec is one of the world's leading telecommunications and related infrastructure service providers, serving clients throughout the United States, Latin America and Spain. For more information, please visit our web site at www.mastec.com. ### -----END PRIVACY-ENHANCED MESSAGE-----