-----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, NVs/I992aNYqoAH4l273XVJgyhDLpf+YN8k6aErUAQTnK1VCUEHzjXfnb4Ug4aEx PVvk+TAnG/K5uAX5fvSuTQ== 0001056114-99-000045.txt : 19991018 0001056114-99-000045.hdr.sgml : 19991018 ACCESSION NUMBER: 0001056114-99-000045 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 19990930 ITEM INFORMATION: FILED AS OF DATE: 19991001 FILER: COMPANY DATA: COMPANY CONFORMED NAME: CTC COMMUNICATIONS CORP CENTRAL INDEX KEY: 0000764841 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-TELEPHONE INTERCONNECT SYSTEMS [7385] IRS NUMBER: 042731202 STATE OF INCORPORATION: MA FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 8-K SEC ACT: SEC FILE NUMBER: 000-13627 FILM NUMBER: 99721537 BUSINESS ADDRESS: STREET 1: 220 BEAR HILL RD CITY: WALTHAM STATE: MA ZIP: 02451 BUSINESS PHONE: 7814668080 MAIL ADDRESS: STREET 1: 220 BEAR HILL RD CITY: WALTHAM STATE: MA ZIP: 02154 FORMER COMPANY: FORMER CONFORMED NAME: COMPUTER TELEPHONE CORP DATE OF NAME CHANGE: 19920703 8-K 1 CTC FORM 8-K DATED 10/01/99 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 October 1, 1999 (Date of earliest event reported) (September 30, 1999) CTC COMMUNICATIONS CORP. (Exact name of registrant as specified in its charter) Massachusetts 0-13627 04-2731202 (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 220 Bear Hill Rd., Waltham, Massachusetts 02451 (Address of principal executive offices) (Zip Code) (781) 466-8080 (Registrant's telephone number including area code) (Former name or former address if changed since last report) Item 5. Other Events Effective on September 30, 1999, CTC Communications Corp, a Massachusetts corporation ("CTC Communications"), reorganized into a holding company form of organizational structure, whereby CTC Communications Group, Inc., a Delaware corporation ("CTC Group" or the "Registrant") became the holding company. The new organizational structure will allow CTC Group to manage its organization more effectively and broadens the alternatives for future financing. The holding company organizational structure, which moved the jurisdiction of the enterprise to Delaware from Massachusetts, was effected by a merger conducted pursuant to Section 252 of the Delaware General Corporation Law and Section 79 of Chapter 156B of the Massachusetts General Corporation Law (the "Merger"), with over 2/3 of the stockholders of CTC Communications approving the Merger at its Annual Meeting of Stockholders. In the Merger, CTC-Newco, Inc., a Delaware corporation organized for the purpose of the Merger and a subsidiary of CTC Group, merged with and into CTC Communications, the surviving corporation. As a result of the Merger, the existence of CTC- Newco, Inc. ceased and CTC Group became the sole shareholder of CTC Communications. In the Merger, each share of Common Stock, $.01 par value, and each share of Series A Convertible Preferred Stock, $1.00 par value, of CTC Communications was converted into one share of Common Stock, $.01 par value and one share of Series A Convertible Preferred Stock, $1.00 par value, of CTC Group. CTC Group is authorized to issue up to 100 million shares of common stock and 10 million shares of preferred stock. The conversion of shares of CTC Communications' stock in the Merger occurred without an exchange of certificates. Accordingly, certificates formerly representing shares of outstanding stock of CTC Communications are deemed to represent the same number of shares of stock of CTC Group until such certificates are submitted to CTC Group's transfer agent for transfer. The change to the holding company structure was tax free for federal income tax purposes for stockholders. The common stock of CTC Group is listed on the Nasdaq National Market under the same symbol as its predecessor, "CPTL", with a new Cusip number of 126419100. A copy of the press release issued by CTC Communications describing the transaction is attached hereto as Exhibit 99.1. The Registrant hereby incorporates by reference the Amended and Restated Agreement and Plan of Reorganization dated as of March 1, 1999 among the Registrant, CTC Communications Group, Inc. and CTC-Newco, Inc. (filed as an Exhibit to CTC Communications Corp. Registration Statement on Form S-1 (File No. 333-77709)), the Certificate of Merger of CTC Communications attached hereto as Exhibit 3.3 and the press release attached hereto as Exhibit 99.1, each made a part hereof, into this Item 5. Item 7c. Exhibits. Exhibit 2.1** Amended and Restated Agreement and Plan of Reorganization dated as of March 1, 1999 among CTC Communications Corp., CTC Communications Group, Inc. and CTC-Newco, Inc. Exhibit 3.3 Certificate of Merger of CTC Communications Corp. Exhibit 99.1 Press Release issued by CTC Communications Corp. on October 1, 1999. - ------------ ** Incorporated by reference to an Exhibit filed as part of CTC Communications Corp. Registration Statement on Form S-1 (File No. 333-77709). 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. CTC COMMUNICATIONS CORP. By: /s/ John D. Pittenger John D. Pittenger, Executive Vice President, Finance and Administration Dated: October 1, 1999 EXHIBIT INDEX Exhibit 3.3 Certificate of Merger of CTC Communications Corp. Exhibit 99.1 Press Release issued by CTC Communications Corp. on October 1, 1999. EX-3.3 2 CERTIFICATE OF MERGER Exhibit 3.3 The Commonwealth of Massachusetts William Francis Galvin Secretary of the Commonwealth One Ashburton Place, Boston, Massachusetts 02108-1512 ARTICLES OF MERGER (General Laws, Chapter 156B, Section 79) Federal Identification No. 04-2731202 Merger of CTC Communications Corp. and CTC-Newco, Inc., a Delaware corporation, the constituent corporations, into CTC Communications Corp., one of the constituent corporations organized under the laws of Massachusetts. The undersigned officers of each of the constituent corporations certify under the penalties of perjury as follows: 1. An agreement of merger has been duly adopted in compliance with the requirements of General Laws, Chapter 156B, Section 79, and will be kept as provided by Subsection (c) thereof. The surviving corporation will furnish a copy of said agreement to any of its stockholders, or to any person who was a stockholder of any constituent corporation, upon written request and without charge. 2. The effective date of the merger determined pursuant to the agreement of merger shall be the date approved and filed by the Secretary of the Commonwealth. If a later effective date is desired, specify such date which shall not be more than thirty days after the date of filing: September 30, 1999 at 5:00 p.m. 3. The following amendments to the Articles of Organization of the surviving corporation have been effected pursuant to the agreement of merger: None. 4. The information contained in Item 4 is not a permanent part of the Articles of Organization of the surviving corporation. (a) The street address of the surviving corporation in Massachusetts is 220 Bear Hill Rd., Waltham MA 02451. (b) The name, residential address and post office address of each director and officer of the surviving corporation is: President: Steven Paul Milton, 52 Follett St., Cumberland RI 02864 Treasurer and Clerk: John D. Pittenger, 9 Hickory Dr., Medfield MA 02052 Directors: Katherine Dietze Courage, 133 East 64th St., Apt 4B, New York NY 10021 Robert J. Fabbricatore, 124 Hopewell Point, Wolfeboro NH 03894 Henry Hermann, 6425 Brookshire Dr., Dallas TX 75230 Kevin J. Maroni, 106 Laurel Rd., Chestnut Hill MA 02467 J. Richard Murphy, 17 Millpond, No. Andover MA 01845 Robert A. Nicholson, 184 Marlborough St., Boston MA 02116 Richard J. Santagati, 3 Farmland Circle, Andover MA 01810 Ralph C. Sillari, 5 Solomon Pierce Rd., Lexington MA 02173 Carl Redfield, 23 Topsail Circle, Cotuit MA 02635, , Ralph S. Troupe, 56 Indian Wind Dr., Scituate MA 02066 (c) The fiscal year end (i.e. tax year) of the surviving corporation shall end on the last day of the month of: March. (d) The name and business address of the resident agent, if any, of the surviving corporation is: CT Corporation System, 2 Oliver St., Boston MA 02109 The undersigned President and Clerk of CTC Communications Corp., a corporation organized under the laws of Massachusetts, further state under the penalties of perjury that the agreement of merger has been duly executed on behalf of such corporation and duly approved in the manner required by General Laws, Chapter 156B, Section 78. /s/ Steven Milton, President /s/John Pittenger, Clerk. EX-99.1 3 PRESS RELEASE Exhibit 99.1 Press Release Issued October 1, 1999 CTC Communications Corp. Completes Holding Company Reorganization WALTHAM, Mass.--Oct. 1, 1999--CTC Communications Corp. (NASDAQ:CPTL) (the "Company" or "CTC") announced today that it has reorganized into a holding company form of organizational structure which changed the jurisdiction of the enterprise from Massachusetts to Delaware. As a result of the reorganization, a new parent company, CTC Communications Group, Inc., a Delaware corporation ("CTC Group"), owns 100 percent of CTC, the previous publicly-held company. Stockholders of CTC have automatically become stockholders of CTC Group on a share for share basis. The new holding company organizational structure will allow CTC Group to manage its entire organization more effectively and broadens the alternatives for future financing. The reorganization was approved by the required two-thirds vote of CTC stockholders under Massachusetts law. Existing certificates representing shares of CTC's common stock serve as evidence of ownership of the same number of shares of common stock of CTC Group; an exchange of certificates is not required. The change to the holding company structure was tax free to CTC's stockholders. The by-laws, executive officers and board of directors of CTC Group are the same as those of CTC. CTC Group's common stock will continue to be listed on the Nasdaq National Market under the ticker symbol "CPTL." The new Cusip No. for CTC Group's common stock is 12641[9] 100. About CTC Communications CTC, headquartered in Waltham, Massachusetts, is a rapidly growing provider of integrated communication solutions to medium and larger-sized business customers in the Northeast U.S. It provides an extensive array of voice and data services including local, long distance, frame relay, Internet access and other advanced data services. In August of this year, the company officially became an Internet Service Provider. CTC markets its services through 310 member sales and service representatives located in 26 branch offices throughout Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, Connecticut, New York and Maryland. CTC Communications' ICN Network is fully redundant and is managed at the company's recently completed, state- of-the-art Technology Center, located at its corporate headquarters in Waltham, Massachusetts. As of June 30, 1999, the company had more than 184,000 access lines in service and has been adding approximately 40,000 new lines per quarter. CTC can be found on the Worldwide Web at www.ctcnet.com. The statements in this press release that relate to future plans, events or performance are forward-looking statements that involve risk and uncertainties that could cause actual results to differ materially from those reflected in the forward-looking statements. Readers are, accordingly, cautioned not to place undue reliance on these forward-looking statements, which speak only as to the date hereof. Additional information about these risks and uncertainties is set forth in the Company's most recent report on Form 10-Q. CTC undertakes no obligation to release publicly the results of any revisions to these forward-looking statements that may be made to reflect results, events or circumstances after the date hereof. CONTACT: CTC Communications John D. Pittenger (781) 466-1302 -----END PRIVACY-ENHANCED MESSAGE-----