-----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, THfyFCrf2fdP1XMZ6zQtyTY4kCpoS2Kk+eBqg29DU6kIaPJhUL0ZkhvfwSaYITHH R+uwr6IV5EWnT+g7KyO/ww== 0001157523-04-002865.txt : 20040330 0001157523-04-002865.hdr.sgml : 20040330 20040330170607 ACCESSION NUMBER: 0001157523-04-002865 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040330 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040330 FILER: COMPANY DATA: COMPANY CONFORMED NAME: DPL INC CENTRAL INDEX KEY: 0000787250 STANDARD INDUSTRIAL CLASSIFICATION: ELECTRIC & OTHER SERVICES COMBINED [4931] IRS NUMBER: 311163136 STATE OF INCORPORATION: OH FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09052 FILM NUMBER: 04702274 BUSINESS ADDRESS: STREET 1: 1065 WOODMAN DRIVE CITY: DAYTON STATE: OH ZIP: 45432 BUSINESS PHONE: 937 259 7142 MAIL ADDRESS: STREET 1: 1065 WOODMAN DRIVE CITY: DAYTON STATE: OH ZIP: 45432 8-K 1 a4605444.txt DPL INC. 8-K UNITED STATES 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: March 30, 2004 Date of earliest event reported: March 30, 2004 DPL Inc. - -------------------------------------------------------------------------------- (Exact name of registrant as specified in its charter) Ohio 1-9052 31-1163136 - ---------------------------- --------------------------- ----------------- (State or other jurisdiction (Commission File Number) (I.R.S. Employer of incorporation) Identification No.) 1065 Woodman Drive, Dayton, Ohio 45432 - -------------------------------------------------------------------------------- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (937) 224-6000 - -------------------------------------------------------------------------------- (Former name or former address, if changed since last report) Item 5. Other Events. DPL Inc. (NYSE-DPL) said that the Audit Committee of the Company's Board of Directors is expected to complete its review of the previously disclosed matters recently raised by a company employee as soon as practicable. As such, the Company will not timely file its annual report on Form 10-K for the year ending December 31, 2003. As previously reported, DPL expects that its 2003 financial statements will not differ materially from the Company's announced unaudited 2003 results. DPL said that the delay in obtaining certified financial statements constitutes an event of default under its term loan and revolving credit facilities. However, the Company has obtained waivers from its lenders. No amounts are outstanding under such facilities and no amounts may be drawn prior to the filing of certified financials. The failure to deliver certified financial statements results in non compliance under the Company's other debt agreements but does not result in an immediate event of default. DPL said it has the liquidity and resources to meet its near term financial needs, including the redemption of its Senior Notes 6.82% Series due April 6, 2004. DPL has cash of approximately $590 million, which includes the $175 million obtained through a private placement of senior notes on March 25, 2004. A copy of the press release is attached hereto as Exhibit 99.1. Item 7(c). Exhibits. 99.1 Press release of DPL Inc., dated March 30, 2004. 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 hereunto duly authorized. DPL Inc. Date: March 30, 2004 /s/ Caroline E. Muhlenkamp ----------------------------------------- Name: Caroline E. Muhlenkamp Title: Group Vice President and Interim Chief Financial Officer EXHIBIT INDEX 99.1 Press release of DPL Inc., dated March 30, 2004. EX-99.1 3 a4605444ex991.txt EXHIBIT 99.1 Exhibit 99.1 DPL Inc. Comments on Timing for 10-K Filing DAYTON, Ohio--(BUSINESS WIRE)--March 30, 2004--DPL Inc. (NYSE:DPL) said today that the Audit Committee of the Company's Board of Directors is expected to complete its review of the previously disclosed matters recently raised by a company employee as soon as practicable. As such, the Company will not timely file its annual report on Form 10-K for the year ending December 31, 2003. As previously reported, DPL expects that its 2003 financial statements will not differ materially from the Company's announced unaudited 2003 results. DPL said that the delay in obtaining certified financial statements constitutes an event of default under its term loan and revolving credit facilities. However, the Company has obtained waivers from its lenders. No amounts are outstanding under such facilities and no amounts may be drawn prior to the filing of certified financials. The failure to deliver certified financial statements results in non compliance under the Company's other debt agreements but does not result in an immediate event of default. DPL said it has the liquidity and resources to meet its near term financial needs, including the redemption of its Senior Notes 6.82% Series due April 6, 2004. DPL has cash of approximately $590 million, which includes the $175 million obtained through a private placement of senior notes on March 25, 2004. About DPL DPL Inc. is a diversified, regional energy company. DPL's principal subsidiaries include The Dayton Power & Light Company (DP&L) and DPL Energy. DP&L provides electric services to over 500,000 retail customers in West Central Ohio. DPL Energy markets over 4,600 megawatts of generation capacity throughout the eastern United States. DPL Inc., through its subsidiaries, ranks among the top energy companies in generation efficiency and productivity. Further information on DPL Inc. can be found at www.dplinc.com. Certain statements contained in this release are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Matters presented which relate to events or developments that are expected to occur in the future, including management's expectations, strategic objectives, business prospects, anticipated economic performance and financial condition and other similar matters constitute forward-looking statements. Forward-looking statements are based on management's beliefs, assumptions and expectation of the Company's future economic performance, taking into account the information currently available to management. These statements are not statements of historical fact. Such forward-looking statements are subject to risks and uncertainties and investors are cautioned that outcomes and results may vary materially from those projected due to many factors beyond DPL's control. Forward-looking statements speak only as of the date of the document in which they are made. We disclaim any obligation or undertaking to provide any updates or revisions to any forward-looking statement to reflect any change in our expectations or any change in events, conditions or circumstances on which the forward-looking statement is based. CONTACT: DPL Inc. 937-259-7208 -----END PRIVACY-ENHANCED MESSAGE-----