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):
June 25, 2003
KANSAS CITY SOUTHERN
(Exact name of company as specified in its charter)
DELAWARE 1-4717 44-0663509
-------------------------- -------------------- --------------------------
(State or other jurisdiction (Commission file (IRS Employer
of incorporation) number) Identification Number)
427 West 12th Street, Kansas City, Missouri 64105
(Address of principal executive offices) (Zip Code)
Company's telephone number, including area code:
(816) 983 - 1303
Not Applicable
(Former name or former address if changed since last report)
Item 5. Other Events
On June 25, 2003, Kansas City Southern ("KCS" or "Company") (NYSE: KSU)
announced the decision that it has received formal written notice that Mexico's
Competition Commission ("Commission") has approved the proposed NAFTA Rail
transaction. See the Press Release attached hereto as Exhibit 99.1.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit No. Document
(99) Additional Exhibits
99.1 Press Release issued by Kansas City Southern
dated June 25, 2003 entitled, "Kansas City
Southern Announces NAFTA Rail Proposal Passes
Major Regulatory Review"
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Company
has duly caused this Report to be signed on its behalf by the undersigned
hereunto duly authorized.
Kansas City Southern
Date: June 26, 2003 By: /s/ Louis G. Van Horn
__________________________________________
Louis G. Van Horn
Vice President and Comptroller
(Principal Accounting Officer)
EXHIBIT 99.1
KANSAS CITY SOUTHERN PRESS RELEASE
Cathedral Square - 427 West 12TH Street - P.O. Box 219335
Kansas City, Missouri 64121-9335 NYSE SYMBOL: KSU
Date: June 25, 2003
Media Contact: William H. Galligan Phone: 816/983-1551
william.h.galligan@kcsr.com
Kansas City Southern Announces NAFTA Rail Proposal Passes Major
Regulatory Review
Kansas City Southern (KCS) (NYSE: KSU) has received formal written notice that
Mexico's Competition Commission (Commission) has approved the proposed NAFTA
Rail transaction. After a detailed review of the proposal, the Commission found
that NAFTA Rail fully complies with Mexico's competition guidelines, and would
in no way impede open competition within the transportation sector. The
Commission granted its approval without conditions.
"We are pleased with the Competition Commission's approval of NAFTA Rail,"
stated Michael R. Haverty, chairman, president, and chief executive officer of
KCS. "NAFTA Rail will in fact enhance competition in Mexico and the United
States, as it will provide North American shippers with another viable shipping
alternative."
Under the proposed transaction announced on April 21st, TFM, S.A., de C.V.
(TFM), The Kansas City Southern Railway Company (KCSR), and the Texas Mexican
Railway Company (Tex-Mex) would be placed under the common control of a single
transportation holding company, NAFTA Rail.
In addition to the Competition Commission, NAFTA Rail needs the regulatory
approval of Mexico's Foreign Investment Commission, a decision from which is
expected by the end of July. The common control of KCSR and Tex-Mex under NAFTA
Rail will also require the approval of the Surface Transportation Board (STB) in
the United States. The STB has announced that it will rule on the KCSR-Tex-Mex
transaction by October 17, 2003.
KCS is a transportation holding company that has railroad investments in the
United States, Mexico, and Panama. Its primary holding is KCSR. KCS's rail
holdings and investments are primary components of a NAFTA Railway system that
links the commercial and industrial centers of the United States, Canada and
Mexico. KCS is headquartered in Kansas City, Missouri.