-----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, K+6GhLZTLd9BNEQ+w0fCKBWE1TgPet84c9GNYliK+gXBX1Wb/oriQizTidQcVGzs UiYpUmNWOTTMvSadp5YA9A== 0000950134-05-012864.txt : 20050705 0000950134-05-012864.hdr.sgml : 20050704 20050705152348 ACCESSION NUMBER: 0000950134-05-012864 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20050630 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20050705 DATE AS OF CHANGE: 20050705 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OTTER TAIL CORP CENTRAL INDEX KEY: 0000075129 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC SERVICES [4911] IRS NUMBER: 410462685 STATE OF INCORPORATION: MN FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-00368 FILM NUMBER: 05936703 BUSINESS ADDRESS: STREET 1: 215 S CASCADE ST STREET 2: PO BOX 496 CITY: FERGUS FALLS STATE: MN ZIP: 56538-0496 BUSINESS PHONE: 8664108780 MAIL ADDRESS: STREET 1: 215 S CASCADE ST STREET 2: P O BOX 496 CITY: FERGUS FALLS STATE: MN ZIP: 56538-0496 FORMER COMPANY: FORMER CONFORMED NAME: OTTER TAIL POWER CO DATE OF NAME CHANGE: 19920703 8-K 1 c96467e8vk.htm FORM 8-K e8vk
Table of Contents

 
 

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): June 30, 2005

OTTER TAIL CORPORATION

(Exact name of registrant as specified in its charter)
         
Minnesota   0-00368   41-0462685
         
(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (I.R.S. Employer
Identification No.)
 
215 South Cascade Street, P.O. Box 496, Fergus Falls, MN
  56538-0496
     
(Address of principal executive offices)
  (Zip Code)
 
Registrant’s telephone number, including area code: (866) 410-8780

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:

     
o   Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
     
o   Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
     
o   Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
     
o   Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 
 

 


TABLE OF CONTENTS

Item 7.01 Regulation FD Disclosure
Item 9.01 Financial Statement and Exhibits
Signature
EXHIBIT INDEX
Press Release


Table of Contents

Item 7.01 Regulation FD Disclosure

     On June 30, 2005 Otter Tail Corporation completed the sale of its subsidiary Midwest Information Systems, Inc. to Arvig Enterprises, Inc. Arvig Enterprises, Inc. is a full-service telecommunications company headquartered in Perham, MN, serving communities in West Central and Central Minnesota. A press release issued on July 1, 2005 related to this sale is furnished herewith as Exhibit 99.1.

Item 9.01 Financial Statement and Exhibits

     (c)  Exhibits

     99.1       Press Release issued July 1, 2005

Signature

     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, thereunto duly authorized.
         
  OTTER TAIL CORPORATION
 
 
Date: July 5, 2005  By /s/ George A. Koeck    
  George A. Koeck   
  Corporate Secretary and General Counsel   
 

2


Table of Contents

EXHIBIT INDEX

       
Exhibit   Description of Exhibit
99.1
  Press release, dated July 1, 2005

3

EX-99.1 2 c96467exv99w1.htm PRESS RELEASE exv99w1
 

Exhibit 99.1

(OTTERTAIL CORPORATION LOGO)

NEWS RELEASE

Otter Tail Corporation Contacts:
Amy Richardson/Communications, (701) 451-3580 or Loren Hanson/Shareholder Services, (218) 739-8481
Arvig Communication Systems Contact: Carmen McCullough, (218) 346-8161

For Immediate Release: July 1, 2005   Dateline: Fergus Falls, Minnesota

Sale of Midwest Information Systems Completed

Officials at Otter Tail Corporation announced today the completed sale of its telecommunications business, Midwest Information Systems, to Arvig Enterprises, Inc. in a cash-for-stock transaction. Otter Tail Corporation expects the sale of Midwest Information Systems will result in an after-tax gain estimated to be in the range of $.37 to $.42 per share. The closing of the transaction followed approval of the sale by the Minnesota Public Utilities Commission. Robert W. Baird & Co. acted as the financial advisor in the marketing process of the sale. Midwest Information Systems is based in Parkers Prairie, Minnesota, and includes Midwest Telephone Company and Data Video Systems in Parkers Prairie, Osakis Telephone Company in Osakis and Peoples Telephone Company in Bigfork.

Arvig Enterprises, Inc. is the parent company of Arvig Communication Systems (ACS), a full-service telecommunications provider based in Perham, Minnesota. In addition to providing voice, video and data services, ACS also offers cellular phones and service, business phone systems, web development services and more. For information on the company, visit www.arvig.com.

Otter Tail Corporation has interests in diversified operations that include an electric utility, plastics, manufacturing, health services, food ingredient processing and other businesses. Otter Tail Corporation stock trades on NASDAQ under the symbol OTTR. The latest investor and corporate information is available at www.ottertail.com. Corporate offices are located in Fergus Falls, Minnesota, and Fargo, North Dakota.

Forward-looking Statements
Forward-looking statements in this news release are made under the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on management’s current expectations and are subject to uncertainty and changes in circumstances. Actual results may differ materially from these expectations due to a number of factors including, but not limited to, the corporation’s ongoing involvement in diversification efforts, the timing and scope of deregulation and open competition, market valuations of forward energy contracts, growth of electric revenues, impact of the investment performance of the utility’s pension plan, changes in the economy, governmental and regulatory action, including investigations commenced by one or more agencies, weather conditions, fuel and purchased power costs, environmental issues, resin prices, the availability of off-grade potatoes due to poor growing conditions, a loss of key potato growers and other factors discussed from time to time in reports the corporation files with the Securities and Exchange Commission.

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