-----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, UcpPq6y7q7EWUAPgLSgs+M0UsZBjISngfZIljSLQ0PkXMUzuGZcVYN46RG4KMuTV VRg/sSYKaCwNbAuvMAjJyA== 0000950128-04-000006.txt : 20040106 0000950128-04-000006.hdr.sgml : 20040106 20040106145619 ACCESSION NUMBER: 0000950128-04-000006 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20040106 ITEM INFORMATION: Other events ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 20040106 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WESCO INTERNATIONAL INC CENTRAL INDEX KEY: 0000929008 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-ELECTRICAL APPARATUS & EQUIPMENT, WIRING SUPPLIES [5063] IRS NUMBER: 251723345 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-14989 FILM NUMBER: 04509690 BUSINESS ADDRESS: STREET 1: COMMERCE COURT 4 STATION SQUARE STREET 2: STE 700 CITY: PITTSBURGH STATE: PA ZIP: 15219 BUSINESS PHONE: 4124542200 MAIL ADDRESS: STREET 1: COMMERCE COURT 4 STATION SQUARE STREET 2: STE 700 CITY: PITTSBURGH STATE: PA ZIP: 15219 FORMER COMPANY: FORMER CONFORMED NAME: CDW HOLDING CORP DATE OF NAME CHANGE: 19971217 8-K 1 j0491101e8vk.txt WESCO INTERNATIONAL, INC. =============================================================================== 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 AND EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): JANUARY 6, 2004 WESCO INTERNATIONAL, INC. (Exact name of registrant as specified in its charter) Commission file number 001-14989 DELAWARE 25-1723342 (State or other jurisdiction of (IRS Employer Identification No.) incorporation or organization) 225 WEST STATION SQUARE DRIVE SUITE 700 PITTSBURGH, PENNSYLVANIA 15219 (412) 454-2200 (Address of principal executive offices) (Registrant's telephone number, including area code) N/A (Former name or former address, if changed since last report) =============================================================================== ITEM 5. OTHER EVENTS. On January 6, 2004, WESCO International, Inc. issued a press release announcing that it has redeemed, in a privately negotiated transaction with 19 employees, the net equity value of stock options originally granted in 1994 and 1995, representing approximately 2.9 million shares. A copy of the press release is attached hereto as Exhibit 99.1. ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS. a) Financial statements of businesses acquired. Not applicable. b) Pro forma financial information. Not applicable. c) Exhibits. 99.1 Press Release of WESCO International, Inc. dated January 6, 2004. 2 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. January 6, 2004 WESCO International, Inc. ----------------- -------------------------------------- (Date) /s/ Stephen A. Van Oss ------------------------------ Stephen A. Van Oss Vice President, Chief Financial Officer 3 EXHIBIT INDEX Exhibit 99.1: Press release of WESCO International, Inc. date January 6, 2004. 4 EX-99.1 3 j0491101exv99w1.txt PRESS RELEASE EXHIBIT 99.1 [logo] NEWS RELEASE ----------------------------------------------------------------------- WESCO International, Inc. / Suite 700, 225 West Station Square Drive / Pittsburgh, PA 15219 WESCO INTERNATIONAL, INC. ANNOUNCES PURCHASE OF THE NET EQUITY VALUE OF STOCK OPTIONS FOR 2.9 MILLION SHARES OF ITS COMMON STOCK Contact: Stephen A. Van Oss, Chief Financial Officer WESCO International, Inc. (412) 454-2271, Fax: (412) 454-2477 http://www.wescodist.com Pittsburgh, PA, January 6, 2004 - WESCO International, Inc. [NYSE:WCC], a leading provider of electrical MRO products, construction materials, and advanced integrated supply procurement outsourcing services, today announced that it has redeemed, in a privately negotiated transaction with 19 employees, the net equity value of stock options originally granted in 1994 and 1995, representing approximately 2.9 million shares or approximately 7% of its Common Stock outstanding. James A. Stern, Chairman of the Compensation Committee of the Board of Directors, commented, "This accretive transaction, at a discount to current market, was preceded by the repurchase of 4.3 million shares of Common Stock in late November from an institutional holder. Additionally, we are pleased to be able to provide a liquidity event for long-term management personnel while protecting all shareholders from undue open market pressure on the Company's stock." ### WESCO International, Inc. [NYSE: WCC] is a publicly traded Fortune 500 holding company, headquartered in Pittsburgh, Pennsylvania, whose primary operating entity is WESCO Distribution, Inc. WESCO Distribution is a leading distributor of electrical construction products and electrical and industrial maintenance, repair and operating (MRO) supplies, and is the nation's largest provider of integrated supply services with 2002 annual product sales of approximately $3.3 billion. The Company employs approximately 5,400 people, maintains relationships with 24,000 suppliers, and serves more than 100,000 customers worldwide. Major markets include commercial and industrial firms, contractors, government agencies, educational institutions, telecommunications businesses and utilities. WESCO operates five fully automated distribution centers and 350 full-service branches in North America and selected international markets, providing a local presence for area customers and a global network to serve multi-location businesses and multi-national corporations. ### The matters discussed herein may contain forward-looking statements that are subject to certain risks and uncertainties that could cause actual results to differ materially from expectations. Certain of these risks are set forth in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2002, as well as the Company's other reports filed with the Securities and Exchange Commission. WESCO's Internet address is: http://www.wescodist.com. -----END PRIVACY-ENHANCED MESSAGE-----