-----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, VMr6JrZCwv3HPZ58W0tO4V7pUbxMtvMNIPCMr2Ylfo/7tWnR3UcjpKX+kEgY1sgG 5HTdd8J1gxXb4cTf/a2Piw== 0000950134-96-005295.txt : 19961010 0000950134-96-005295.hdr.sgml : 19961010 ACCESSION NUMBER: 0000950134-96-005295 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19961007 ITEM INFORMATION: Changes in control of registrant ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19961009 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: AMERICONNECT INC CENTRAL INDEX KEY: 0000837993 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE COMMUNICATIONS (NO RADIO TELEPHONE) [4813] IRS NUMBER: 481056927 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-18654 FILM NUMBER: 96640895 BUSINESS ADDRESS: STREET 1: 6750 W 93RD ST STE 110 CITY: OVERLAND PARK STATE: KS ZIP: 66212-1465 BUSINESS PHONE: 9133418888 MAIL ADDRESS: STREET 1: 6750 W 93RD STREET STREET 2: STE 110 CITY: OVERLAND PARK STATE: KS ZIP: 66212-1465 FORMER COMPANY: FORMER CONFORMED NAME: AMERIFAX INC /DE/ DATE OF NAME CHANGE: 19920703 8-K 1 FORM 8-K 1 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 October 7, 1996 ------------------------------------------------ Date of Report (Date of earliest event reported) AmeriConnect, Inc. ------------------------------------------------------ (Exact name of registrant as specified in its charter) Delaware 0-18654 48-1056927 - ---------------- ------------ ------------------- (State or other (Commission (I.R.S. Employer jurisdiction of File Number) Identification No.) incorporation) 6750 W. 93rd St., Suite 110, Overland Park, Kansas 66212 -------------------------------------------------------- (Address of principal executive offices) (913) 341-8888 ---------------------------------------------------- (Registrant's telephone number, including area code) 2 ITEM 1. CHANGE IN CONTROL OF REGISTRANT. On October 7, 1996, holders of a majority of the outstanding shares of capital stock of AmeriConnect, Inc., a Delaware corporation ("AmeriConnect"), voted to approve and adopt an Amended and Restated Agreement and Plan of Reorganization, dated as of June 14, 1996, by and among Phoenix Network, Inc., a Delaware corporation ("Phoenix"), Phoenix Acquisition Corp., a Delaware corporation and wholly owned subsidiary of Phoenix ("Sub"), and AmeriConnect (the "Agreement"). Under the terms of the Agreement, on October 8, 1996, Sub merged with and into AmeriConnect, AmeriConnect became a wholly-owned subsidiary of Phoenix and Sub ceased to exist (the "Merger"). At the effective time of the Merger (the "Effective Time"), each outstanding share of AmeriConnect Common Stock , par value $0.01 per share ("AmeriConnect Common"), and each outstanding share of AmeriConnect Class A Common Stock, par value $0.00001 per share ("AmeriConnect Class A" and, together with the AmeriConnect Common, the "AmeriConnect Stock"), were converted into the right to receive .360468525 shares of Phoenix Common Stock, par value $0.001 per share ("Phoenix Stock"), other than shares of AmeriConnect Stock held by stockholders exercising dissenter's rights, AmeriConnect, any subsidiary of AmeriConnect, Phoenix, Sub or any other subsidiary of Phoenix. AmeriConnect and Phoenix issued a joint press release announcing the Merger, which is filed herewith as Exhibit 99.1. Except for the historical information contained herein, the discussion above contains forward-looking statements that involve risks and uncertainties, including the risks detailed from time to time in AmeriConnect's SEC reports, including the report on Form 10-KSB for the year ended December 31, 1995 and the report on Form 10-QSB for the quarter ended June 30, 1996. 3 ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. (c) Exhibits. 99.1 Press release dated October 9, 1996. 4 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. AmeriConnect, Inc. October 8, 1996 By: /s/ WALLACE M. HAMMOND ------------------------------- Wallace M. Hammond President 5 INDEX TO EXHIBITS Exhibit Numbers Description - ------- ----------- 99.1 Press release dated October 9, 1996. EX-99.1 2 PRESS RELEASE 1 NEWS RELEASE For Immediate Release October 9, 1996 Contact: Monica Williamson Phoenix Network Investor Relations (800) 448-0804 PHOENIX NETWORK ACQUIRES AMERICONNECT OCTOBER 9, 1996 - GOLDEN, COLORADO - Phoenix Network (AMEX: PHX) announced today that it has acquired AmeriConnect (NASDAQ:AMCT), an Overland Park, Kansas based reseller of long distance services. Under the terms of the agreement, Phoenix issued approximately 2,664,000 shares of common stock in exchange for all of the shares of capital stock held by AmeriConnect stockholders. Each share of AmeriConnect stock is exchangeable for approximately .3605 shares of Phoenix common stock. For accounting purposes, the transaction will be treated as a pooling of interests. The acquisition of AmeriConnect is expected to increase Phoenix's annual revenues by over $17,000,000, or 19%, based on Phoenix's current run rate of $90,000,000 and it will add approximately 6,500 customers to Phoenix's customer base. Phoenix Network, Inc. is one of the nation's oldest and largest publicly-traded long distance resellers. In addition to its core long distance offerings, Phoenix provides Internet access, international call-back, conference calling, travel cards, debit cards, custom invoices, management reports, and a variety of other products and services. Phoenix Network's World Wide Web address is . This news release contains forward-looking statements. There are certain important factors that could cause results to differ materially from those anticipated by some of the statements made above. Among these are fluctuations in quarterly performance, competition in the long distance market, timing and customer acceptance of new services and products, and changes in general economic conditions. Additional information concerning these and other risks is listed from time to time in the Company's Securities and Exchange Commission reports, which include the report on Form 10-Q for the quarter ended June 30, 1996. Actual results my differ materially. -----END PRIVACY-ENHANCED MESSAGE-----