-----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, ENJHISBNkctgeX4eLZwfdI4e1JHtO+Mc+IK0I4+IfE0YlcKUgjLeQ+sFR9WtuS7R W3r9RZb3uTlmurcmfWHQEA== 0000950172-99-001256.txt : 19990920 0000950172-99-001256.hdr.sgml : 19990920 ACCESSION NUMBER: 0000950172-99-001256 CONFORMED SUBMISSION TYPE: SC 14D9/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 19990917 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: COMSAT CORP CENTRAL INDEX KEY: 0000022698 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899] IRS NUMBER: 520781863 STATE OF INCORPORATION: DC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 14D9/A SEC ACT: SEC FILE NUMBER: 005-33087 FILM NUMBER: 99713420 BUSINESS ADDRESS: STREET 1: 6560 ROCK SPRING DR CITY: BETHESDA STATE: MD ZIP: 20817 BUSINESS PHONE: 3012133000 MAIL ADDRESS: STREET 1: 6560 ROCK SPRING DRIVE CITY: BETHESDA STATE: MD ZIP: 20817 FORMER COMPANY: FORMER CONFORMED NAME: COMMUNICATIONS SATELLITE CORP /DE/ DATE OF NAME CHANGE: 19930719 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: COMSAT CORP CENTRAL INDEX KEY: 0000022698 STANDARD INDUSTRIAL CLASSIFICATION: COMMUNICATION SERVICES, NEC [4899] IRS NUMBER: 520781863 STATE OF INCORPORATION: DC FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 14D9/A BUSINESS ADDRESS: STREET 1: 6560 ROCK SPRING DR CITY: BETHESDA STATE: MD ZIP: 20817 BUSINESS PHONE: 3012133000 MAIL ADDRESS: STREET 1: 6560 ROCK SPRING DRIVE CITY: BETHESDA STATE: MD ZIP: 20817 FORMER COMPANY: FORMER CONFORMED NAME: COMMUNICATIONS SATELLITE CORP /DE/ DATE OF NAME CHANGE: 19930719 SC 14D9/A 1 SCHEDULE 14D9 - AMENDMENT NO. 6 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 ---------------- SCHEDULE 14D-9/A (Amendment No. 6) SOLICITATION/RECOMMENDATION STATEMENT PURSUANT TO SECTION 14(D)(4) OF THE SECURITIES EXCHANGE ACT OF 1934 ---------------------- COMSAT CORPORATION (Name of Subject Company) COMSAT CORPORATION (Name of Person(s) Filing Statement) Common Stock, without par value (Title of Class of Securities) 20564D107 (CUSIP Number of Class of Securities) Warren Y. Zeger, Esq. Vice President, General Counsel and Secretary COMSAT Corporation 6560 Rock Spring Drive Bethesda, Maryland 20817 (301) 214-3200 Name, address and telephone number of person authorized to receive notice and communication on behalf of the person(s) filing statement). With a Copy to: Alan C. Myers, Esq. Skadden, Arps, Slate, Meagher & Flom LLP 919 Third Avenue New York, New York 10022-3897 (212) 735-3000 This Amendment No. 6 to the Solicitation/Recommendation Statement on Schedule 14D-9 (the "Schedule 14D-9") of COMSAT Corporation, a District of Columbia corporation (the "Company" or "COMSAT") amends and supplements the Schedule 14D-9 of the Company relating to the tender offer (the "Offer") by Regulus, LLC, a single member Delaware limited liability company (the "Purchaser") and a wholly-owned subsidiary of Lockheed Martin Corporation, a Maryland corporation ("Parent" or "Lockheed Martin"), disclosed in a Tender Offer Statement on Schedule 14D-1, dated September 25, 1998, as amended, to purchase up to 49% (less certain adjustments) of the issued and outstanding shares of common stock, without par value, of the Company (the "Shares") at a price of $45.50 per Share, net to the seller in cash, without interest thereon, upon the terms and subject to the conditions set forth in the Offer to Purchase dated September 25, 1998 (the "Offer to Purchase") and in the related Letter of Transmittal (which together with the Offer to Purchase constitute the "Offer"). Capitalized terms not defined herein have the meanings assigned thereto in the Schedule 14D-9. ITEM 8. ADDITIONAL INFORMATION TO BE FURNISHED. Item 8 is hereby amended and supplemented by the addition of the following paragraphs thereto: On September 15, 1999, the FCC approved application of Parent to acquire up to forty-nine percent of the stock of COMSAT. The FCC action fulfills a major regulatory requirement necessary to conclude the Offer. On September 16, 1999, the FCC authorized satellite users to directly access INTELSAT, an action that would end COMSAT's role as the exclusive U.S. provider of INTELSAT capacity. The FCC action would also require users to pay COMSAT a signatory surcharge no less than 5.58 percent to cover COMSAT's costs as the U.S. participant in INTELSAT. COMSAT cannot assess the full impact of direct access until it reviews the text of the FCC's report and order. In addition, on September 16, 1999, the Company received confirmation from the Department of Justice that it had determined not to challenge the Merger and to permit the HSR waiting period to expire without conditions. Accordingly, under the HSR Act, the parties are free to consummate the Offer at any time after 11:59 p.m. on September 16, 1999. SIGNATURE After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Dated: September 17, 1999 COMSAT Corporation By: /s/Alan G. Korobov ---------------------------------- Name: Alan G. Korobov Title: Controller -----END PRIVACY-ENHANCED MESSAGE-----