SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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):
January 21, 2003 (January 16, 2003)
CITIZENS COMMUNICATIONS COMPANY
(Exact Name of Registrant as Specified in Charter)
Delaware 001-11001 06-0619596
(State of Other (Commission File Number) (IRS Employer Identification
Jurisdiction of No.)
Incorporation)
3 High Ridge Park, Stamford, Connecticut 06905
(Address of Principal Executive Offices) (Zip Code)
(203) 614-5600
(Registrant's telephone number, including area code)
Item 5. Other Events and Required FD Disclosure.
On January 16, 2003, Citizens Communications Company (the "Company")
and Mellon Investors Services, as Rights Agent, entered into Amendment No. 1
to the Rights Agreement, dated as of January 16, 2003 (the "Rights Agreement
Amendment"), which amended the Rights Agreement, dated as of March 6, 2002 (as
amended the "Rights Agreement"), between the Company and the Rights Agent, (i)
to increase from 15% to 20% the ownership percentage of the Company's common
stock that any institutional investor who has reported its beneficial
ownership of shares of the Company's common stock on Schedule 13G under the
Securities Exchange Act of 1934 may own without becoming an "Acquiring Person"
and thereby triggering the rights plan and (ii) to increase from 20% to 22.5%
the percentage of the Company's common stock that an institutional Schedule
13G filer may inadvertently beneficially own without triggering the rights
plan. Pursuant to the Rights Agreement Amendment, if such an institutional 13G
filer subsequently files a Schedule 13D, such institutional investor would
have 20 business days to reduce its ownership percentage to below 15%. The
forgoing description of the Rights Agreement Amendment does not purport to be
complete and is qualified in its entirety by reference to the Rights Agreement
Amendment.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
Exhibit
No. Exhibit
4 Amendment No. 1 to Rights Agreement, dated as of
January 16, 2003, between Citizens Communications
Company and Mellon Investor Services LLC, as
Rights Agent, is incorporated herein by reference
to the exhibit to the Company's Registration
Statement on Form 8-A/A, dated January 16, 2003.
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.
CITIZENS COMMUNICATIONS COMPANY
By: /s/ L. Russell Mitten
----------------------------------
Name: L. Russell Mitten
Title: Secretary
Date: January 16, 2003
EXHIBIT INDEX
Exhibit No. Exhibit Name
4 Amendment No. 1 to Rights Agreement, dated as of
January 16, 2003, between Citizens Communications
Company and Mellon Investor Services LLC, as
Rights Agent, is incorporated herein by reference
to the exhibit to the Company's Registration
Statement on Form 8-A/A, dated January 16, 2003.