- Current report filing (8-K)
July 29 2010 - 10:46AM
Edgar (US Regulatory)
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 (Date of earliest event reported)
|
July
29, 2010
|
SureWest
Communications
|
(Exact
Name of Registrant as Specified in its
Charter)
|
California
|
000-29660
|
68-0365195
|
(State
or Other Jurisdiction
of
Incorporation)
|
(Commission
File
Number)
|
(IRS
Employer
Identification
No.)
|
8150
Industrial Avenue, Roseville, California
|
95678
|
(Address
of Principal Executive Offices)
|
(Zip
Code)
|
Registrant’s
telephone number, including area code
|
(916)
772-2000
|
|
(Former
Name or Former Address if Changed Since Last
Report)
|
Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
¨
|
Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
|
¨
|
Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
|
¨
|
Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR
240.14d-2(b))
|
¨
|
Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
|
Item
2.02 Results of Operations and Financial Condition.
On July
29, 2010, SureWest Communications issued a press release announcing its
financial results for the quarter and six months ended June 30,
2010. The company's press release announcing the results is attached
hereto as Exhibit 99.1. The information contained in this Current Report,
including the exhibit, is being furnished and shall not be deemed "filed" for
purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or
otherwise subject to the liabilities of that section. Such information shall not
be incorporated by reference into any filing of SureWest Communications, whether
made before or after the date hereof, regardless of any general incorporation
language in such filing.
This
press release includes Adjusted EBITDA, Free Cash Flow and net debt, which are
financial measures that are not determined in accordance with United States
generally accepted accounting principles “U.S. GAAP.” Adjusted EBITDA represents
net income (loss) from continuing operations excluding amounts for income taxes;
depreciation and amortization; non-cash pension and certain post-retirement
benefits; non-cash stock compensation; severance and other related termination
costs; and all other non-operating income/expenses. Adjusted EBITDA should not
be considered in isolation or as a substitute for consolidated net income (loss)
as a measure of performance. Free cash flow represents net income (loss) from
continuing operations plus depreciation and amortization less capital
expenditures. Free cash flow is a measure of operating cash flows available for
corporate purposes after providing sufficient fixed asset additions to maintain
current productive capacity. Net debt represents total long-term debt
(including current maturities) less cash and cash equivalents. Net debt can be
used as a component in measuring leverage. Reconciliations to the comparable
GAAP measures are provided in the accompanying financial and operating
summaries.
Item
9.01 Financial Statements and Exhibits.
The
following are filed as exhibits to this report:
Exhibit No.
|
|
Description
|
99.1
|
|
Press
Release dated July 29, 2010
|
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.
|
SUREWEST
COMMUNICATIONS
|
|
|
|
|
|
|
|
|
|
|
By:
|
/s/ Dan T.
Bessey
|
|
|
|
Dan
T. Bessey
Vice
President and Chief Financial Officer
|
|
Date: July
29, 2010
EXHIBIT
INDEX
Exhibit No.
|
Description
|
99.1
|
Press
Release dated July 29,
2010.
|
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