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): March 4, 2004
CITIZENS COMMUNICATIONS COMPANY
(Exact name of registrant as specified in its charter)
Delaware 001-11001 06-0619596
(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
3 High Ridge Park
Stamford, Connecticut 06905
(Address of Principal Executive Offices)
(203) 614-5600
(Registrant's Telephone Number,
Including Area Code)
No Change Since Last Report
---------------------------
(Former name or former address, if changed since last report)
ITEM 5. Other Events
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On March 4, 2004, Citizens Communications Company issued a press
release. A copy of the press release is attached hereto as Exhibit
99.1.
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 thereunto duly authorized.
CITIZENS COMMUNICATIONS COMPANY
(Registrant)
By: /s/ Robert J. Larson
--------------------------------
Robert J. Larson
Chief Accounting Officer
Date: March 4, 2004
Citizens Communications
3 High Ridge Park
Stamford, CT 06905
203.614.5600
Web site: www.czn.net
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Exhibit 99.1
Contacts:
Scott N. Schneider Jerry Elliott
President and Chief Operating Officer Chief Financial Officer
203.614.5219 203.614.6722
Citizens Communications Makes Announcement
Stamford, Conn., March 4, 2004 - - Citizens Communications (NYSE:CZN) today
announced that Scott N. Schneider, Citizens' President and Chief Operating
Officer, has informed the Company of his intention to leave his position as
President and Chief Operating Officer of Citizens after Citizens' Board of
Directors has reached a final determination in connection with its evaluation of
a range of possible financial and strategic alternatives. Such determination is
expected to be completed by mid-year. Dr. Leonard Tow, the Chairman and Chief
Executive Officer, stated that Mr. Schneider will continue to be intimately
involved with the Citizens team as it evaluates alternatives and that he will
continue to serve as a director of Citizens after his departure as an officer of
Citizens. "Scott made significant contributions to the success that we are
reporting today in our 2003 results, just as he was an important factor in the
success of the businesses he and I have worked on together over the past 20
years. Upon Scott's departure, I will reassume the office of President and we
will establish an Office of the President consisting of Jake Casey as Executive
Vice President and Chief Operating Officer, Jerry Elliott as Executive Vice
President and Chief Financial Officer and me. As senior members of Citizens'
management team over the past few years, Jake and Jerry have made important
contributions to the Company's many successes. Their intimate involvement in
Citizens' operating and financial affairs assures a smooth transition of
managerial responsibilities. Together, we will execute the plan we adopt."
-- MORE --
Mr. Schneider stated: "As you might imagine, I reached this decision only
after much soul searching, both professionally and personally. Leonard and I
have worked together closely for more than 20 years, and Claire and Leonard are
my close friends and confidants. I have told Leonard and the Board that I will
work with our management team, our Board and our advisors in the coming months
to assist the Board in reaching its determination. My departure is solely driven
by my desires to pursue other options that may be available to me at this time
in my career, and should not, under any circumstance, be taken as an expression
of any concern with Citizens' business or prospects."
More information on Citizens can be found at www.czn.net.
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