-----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, MKR510GkNnVaJReJZ5ctqiHzw0GTHo4EYaaWSmRK1a+o2a2wkZyIS0YOiHkvUhvx fWUeokyunsyos9RJCxPxzA== 0001199073-06-000522.txt : 20060714 0001199073-06-000522.hdr.sgml : 20060714 20060714140900 ACCESSION NUMBER: 0001199073-06-000522 CONFORMED SUBMISSION TYPE: 6-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20060714 FILED AS OF DATE: 20060714 DATE AS OF CHANGE: 20060714 FILER: COMPANY DATA: COMPANY CONFORMED NAME: HOLLINGER INC CENTRAL INDEX KEY: 0000911707 STANDARD INDUSTRIAL CLASSIFICATION: NEWSPAPERS: PUBLISHING OR PUBLISHING & PRINTING [2711] IRS NUMBER: 135691211 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 6-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-22346 FILM NUMBER: 06962330 BUSINESS ADDRESS: STREET 1: 10 TORONTO ST STREET 2: TORONTO CITY: ONTARIO CANADA STATE: A6 ZIP: 00000 BUSINESS PHONE: 4163638721 MAIL ADDRESS: STREET 1: 10 TORONTO ST STREET 2: TORONTO CITY: ONTARIO CANADA STATE: A6 ZIP: 00000 6-K 1 hol20060714_2.htm HOLLINGER INC. FORM 6-K Hollinger Inc. Form 6-K

 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
FORM 6-K
 
REPORT OF FOREIGN PRIVATE ISSUER PURSUANT
TO RULE 13a-16 OR 15d-16 UNDER
THE SECURITIES EXCHANGE ACT OF 1934
 
For the month of  July 2006
 
Commission File Number: 0 - 22346
 
HOLLINGER INC.
 
10 Toronto Street
Toronto, Ontario
M5C 2B7
 
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F
or Form 40-F.     Form 20-F þ Form 40-F ¨
 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):
 
  Yes  ¨
  No  þ
                 
Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):
         
  Yes  ¨
  No  þ
 
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g-3 under the Securities
Exchange Act of 1934.
 
  Yes ¨
  No  þ
 
If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b):
 
EXHIBIT LIST:
 
 

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, thereunto duly authorized.
 
     
 
HOLLINGER INC.
 
 
 
 
 
 
Date: July 14, 2006 By:   /s/ Randall C. Benson
 
Randall C. Benson
 
Chief Restructuring Officer
EX-99.1 2 ex99_1.htm PRESS RELEASE, DATED JULY 13, 2006 Press release, dated July 13, 2006

 
COURT ORDERS TRIAL OF ISSUE IN HOLLINGER INC.’S EFFORTS TO
REVERSE INTERIM DIRECTORS’ ARRANGEMENTS
 
TORONTO, Ontario, July 13, 2006 -- Hollinger Inc. (TSX:HLG.C and HLG.PR.B) (“Hollinger” or “the Company”) today announced that the Ontario Superior Court of Justice has ordered a trial of the issue to determine whether the Court should vary the Consent Order made July 8, 2005 in respect of five previous Hollinger directors (the "Interim Directors").
 
The Court ruled there will have to be a “factual determination of the fairness and reasonability” of commitments the Interim Directors made for their own benefit, and asked for submissions regarding the process of that inquiry.
 
The Court also ruled that the Interim Directors are not entitled to indemnification from the Company for their legal costs for the trial of issue unless and until that proceeding is decided in their favour.
 
In October, 2005, Hollinger sought to vary the Consent Order that changed the composition of the Company’s Board and may have contained terms that limited Hollinger’s ability to commence the legal action against the Interim Directors. The current Hollinger Board questions the arrangements of the Interim Directors and the governance process used to put them in place.
 
The arrangements Hollinger seeks to review include the Interim Directors committing Hollinger to pay each of them fees of $500 per hour which resulted in them claiming more than $600,000 each for the first five months of 2005 alone. They also awarded themselves a termination bonus of $600,000 each, payable when they ceased to be a director for any reason, including voluntary retirement or dismissal for cause. In addition, the Interim Directors approved releases purporting to release them from any future legal action by Hollinger.
 
Prior to the appointment of the new Board, two of the Interim Directors received termination bonuses, increasing their compensation to more than $1.2 million each for the period. The remaining Interim Directors did not receive the bonuses.
 
 
Company Profile
 
Hollinger's principal asset is its approximately 66.8% voting and 17.4% equity interest in Hollinger International, a newspaper publisher with assets which include the Chicago Sun-Times and a large number of community newspapers in the Chicago area. Hollinger also owns a portfolio of commercial real estate in Canada. Further information can be obtained at www.hollingerinc.com.
 
 
Media contact:
John Lute
Lute & Company
416 929 5883
jlute@luteco.com
-----END PRIVACY-ENHANCED MESSAGE-----