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) December 8, 2003
SPRINT CORPORATION
(Exact name of Registrant as specified in its charter)
Kansas 1-04721 48-0457967
(State of Incorporation) (Commission File Number) (I.R.S. Employer
Identification No.)
6200 Sprint Parkway, Overland Park, Kansas 66251
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (913) 624-3000
(Former name or former address, if changed since last report)
P. O. Box 7997, Shawnee Mission, Kansas 66207-0997
(Mailing address of principal executive offices)
Item 5. Other Events.
On December 8, 2003, the registrant ("Sprint") announced the appointment of
two new, independent directors, E. Linn Draper, Jr., Chairman, President and
Chief Executive Officer of American Electric Power Company, and Gerald L.
Storch, Vice Chairman of Target Corporation, to the Sprint Board of Directors.
The press release was as follows:
Sprint Appoints Two New Members to Board of Directors
OVERLAND PARK, Kan. - Dec. 8, 2003 - Sprint (NYSE: FON, PCS) today announced the
appointments of E. Linn Draper, Jr. and Gerald L. Storch to the Sprint Board of
Directors.
A prominent energy sector executive and nuclear engineer, Draper is chairman,
president, and chief executive officer of American Electric Power Company (AEP),
headquartered in Columbus, Ohio, and holds the same titles for the AEP Service
Corporation, the management and technology arm of the AEP system. He became
president of AEP and the Service Corporation in March 1992, following 13 years
with Gulf States Utilities Company in Beaumont, Texas, where he served as
chairman, president and chief executive officer.
Storch is Vice Chairman of Target Corporation, and leads Target Financial
Services, Target Technology Services, Distribution Services, target.direct (the
company's e-commerce and catalog business) and Marshall Field's. Prior to
joining Target Corporation in 1993, Storch was a partner in the Boston, New York
and Los Angeles offices of McKinsey & Co., management consultants, specializing
in retailing and financial services.
Both Draper and Storch will join the Sprint board as independent directors,
effective immediately.
"Linn and Jerry are important additions to Sprint's board," said Linda K.
Lorimer, chair of Sprint's Nominating and Corporate Governance Committee. "Jerry
has helped build Target into a nationwide retail giant and Linn, with 10 years
as chief executive officer, has guided AEP effectively through a changing,
challenging regulatory environment. Both have had distinguished careers and are
very well respected in their industries. Their counsel will be instrumental to
shaping the future success of Sprint."
Draper holds a bachelor of arts degree and a bachelor of science degree in
chemical engineering from Rice University, and a doctorate in nuclear science
and engineering from Cornell University.
Storch holds a Juris Doctor degree from Harvard Law School, a master of business
administration degree from Harvard Business School, and a bachelor of arts
degree in government and economics from Harvard College.
With the appointments of Draper and Storch, the Sprint board stands at nine
directors. Seven of the nine directors are independent based on the board's 2003
determination. Gary Forsee, Sprint chairman and chief executive officer, is the
only employee director.
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Sprint's other directors include: DuBose Ausley, attorney, Ausley & McMullen, a
law firm in Tallahassee, Fla., where he was chairman from 1982 to June 1, 2002;
Irvine O. Hockaday, Jr., retired president and chief executive officer of
Hallmark Cards, Inc.; Linda Koch Lorimer, vice president and secretary of the
university, Yale University; Charles E. Rice, chairman of Mayport Venture
Partners, LLC; Louis W. Smith, retired president and chief executive officer of
the Ewing Marion Kauffman Foundation; and Stewart Turley, retired chairman of
Eckerd Corporation.
For more information about the Sprint Board of Directors, visit
www.sprint.com/ir/cg/bod2.html.
About Sprint
Sprint is a global integrated communications provider serving more than 26
million customers in over 100 countries. With approximately 68,000 employees
worldwide and nearly $27 billion in annual revenues, Sprint is widely recognized
for developing, engineering and deploying state-of-the-art network technologies,
including the United States' first nationwide all-digital, fiber- optic network
and an award-winning Tier 1 Internet backbone. Sprint provides local
communications services in 39 states and the District of Columbia and operates
the largest 100-percent digital, nationwide PCS wireless network in the United
States. For more information, visit www.sprint.com.
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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.
SPRINT CORPORATION
Date: December 9, 2003
By: /s/ Michael T. Hyde
Michael T. Hyde, Assistant Secretary
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