-----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, FwOusM2sdv1PA72FbhPklzyqS35lLKo38jnaHvZKFceHNvrYwhDF92vblTGBMZ77 h5DyqWy/HlU1W3y3cIqIVg== 0000893750-02-000724.txt : 20021127 0000893750-02-000724.hdr.sgml : 20021127 20021127130109 ACCESSION NUMBER: 0000893750-02-000724 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20021126 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20021127 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WORLDCOM INC CENTRAL INDEX KEY: 0000723527 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 581521612 STATE OF INCORPORATION: GA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-10415 FILM NUMBER: 02842813 BUSINESS ADDRESS: STREET 1: 500 CLINTON CENTER DRIVE CITY: CLINTON STATE: MS ZIP: 39056 BUSINESS PHONE: 6014605600 FORMER COMPANY: FORMER CONFORMED NAME: WORLDCOM INC /GA/ DATE OF NAME CHANGE: 19970127 FORMER COMPANY: FORMER CONFORMED NAME: LDDS COMMUNICATIONS INC /GA/ DATE OF NAME CHANGE: 19930916 FORMER COMPANY: FORMER CONFORMED NAME: MCI WORLDCOM INC DATE OF NAME CHANGE: 19980914 8-K 1 form8k.txt FORM 8K - ------------------------------------------------------------------------------ SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549-1004 ---------------------- 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): November 26, 2002 -------------- WorldCom, Inc. (Exact Name of Registrant as Specified in Charter) -------------- Georgia 0-11258 58-1521612 (State or Other Jurisdiction (Commission File Number) (IRS Employer of Incorporation) Identification No.) 500 Clinton Center Drive, Clinton, Mississippi 39056 (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code (601) 460-5600 -------------- - ------------------------------------------------------------------------------ Item 5. Other Events. Press Releases On November 26, 2002, WorldCom, Inc. (the "Company") issued a press release announcing that it has consented to the entry of a permanent injunction that will resolve claims brought in the Securities and Exchange Commission's civil lawsuit regarding the Company's past accounting practices. A copy of this press release is filed as Exhibit 99.1 hereto and incorporated by reference herein. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits. (a) Financial Statements. Not applicable. (b) Pro Forma Financial Information. Not applicable. (c) Exhibits. Exhibit No. Description of Exhibit ----------- ---------------------- 99.1 Press Release dated November 26, 2002 2 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. WORLDCOM, INC. (Registrant) By: /s/ Michael H. Salsbury -------------------------- Name: Michael H. Salsbury Title: General Counsel Dated: November 27, 2002 3 EXHIBIT INDEX Exhibit No. Description ---------- ----------- 99.1 Press Release dated November 26, 2002 4 EX-99.1 3 exhibit99_1.txt EXHIBIT 99.1 EXHIBIT 99.1 WORLDCOM GAINS SETTLEMENT WITH SEC Clinton, Miss., November 26, 2002 - WorldCom, Inc., today announced it has consented to entry of a permanent injunction that will resolve claims brought in the Securities and Exchange Commission's civil lawsuit regarding WorldCom's past accounting practices. "This settlement is a significant milestone in WorldCom's restructuring efforts," said John W. Sidgmore, WorldCom president and CEO. "Resolution of this litigation enables our company to move even more confidently toward a successful conclusion of the company's financial restructuring." Under the permanent injunction entered by the U.S. District Court for the Southern District of New York, the company neither admits nor denies the commission's allegations and agrees to the following: o not to violate securities laws in the future; o to provide reasonable training and education to its senior operational officers and financial reporting personnel to minimize the possibility of future violations; o to retain a consultant to review the effectiveness of WorldCom's material internal accounting control structure and policies; and o that the Corporate Monitor in the case will review the adequacy and effectiveness of WorldCom's corporate governance and ethics policies. WorldCom further agrees that either the SEC or the court may in the future seek a civil penalty to be paid by WorldCom or further equitable relief or sanctions. "The requirements of this agreement are squarely in line with steps we are already taking to restore public confidence in WorldCom," said Sidgmore. "Our agreement with the SEC provides additional assurance that WorldCom's plan to emerge from bankruptcy remains on schedule." ABOUT WORLDCOM WorldCom, Inc. (WCOEQ, MCWEQ) is a pre-eminent global communications provider for the digital generation, operating in more than 65 countries. With one of the most expansive, wholly owned IP networks in the world, WorldCom provides innovative data and Internet services for businesses to communicate in today's market. In April 2002, WorldCom launched The Neighborhood built by MCI - the industry's first truly any-distance, all- inclusive local and long-distance offering to consumers for one fixed monthly price. For more information, go to http://www.worldcom.com. 2 -----END PRIVACY-ENHANCED MESSAGE-----