Jack Casper This is Me

 Web References

1. 1. DDN | DTI suspends contributions to 401(k) plans

   www.activedayton.com/ddn/busin - [Cached]

   Published on: 2/28/2003   Last Visited: 2/28/2003

   At the time, DTI Chief Financial Officer Jack Casper said the company was operating under a temporary waiver of its violations and was in talks with its lenders to secure an amended credit agreement.
   
   Casper said he expected the new agreement to be approved by mid-February, but DTI hasn't announced its completion.
   
   In the second-quarter filing, DTI said that if it doesn't obtain a permanent waiver, it will not be able to borrow any more funds under the revolving portion of the facility. At the end of December, DTI had borrowed $48.3 million under the revolving portion and had $4.7 million of remaining credit, the filing said.
   
   If DTI's lenders accelerated the repayment of the borrowings because of the covenant violations, the filing said, "the company will not have sufficient funds to satisfy its obligations and it will not be able to continue its operations as currently anticipated."
   
   DTI's stock (NASDAQ:DTII) has fallen about 37 percent since the company released its second-quarter results.

2. 2. DDN | DTI loss reported at $5.4M

   www.activedayton.com/ddn/busin - [Cached]

   Published on: 2/6/2003   Last Visited: 2/6/2003

   DTI Chief Financial Officer Jack Casper said the company is operating under a temporary waiver of its violations and is in talks with its lenders to secure an amended credit agreement.
   
   But Casper said the new agreement, expected to be approved by next week, will likely reduce DTI's borrowing capacity and increase interest rates.
   
   DTI's stock (NASDAQ:DTII) plunged on the news, falling 13.2 percent Wednesday to close at $1.91. The 52-week trading range is $1.50 to $4.86.