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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
(Mark one)
[X] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
For The Fiscal Year Ended December 31, 2002
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES AND
EXCHANGE ACT OF 1934
For The Transition Period From ______ To _______
COMMISSION FILE NUMBER: 333-98859
A. Full title of the plan and the address of the plan, if different from
that of the issuer named below:
UPPER PENINSULA TELEPHONE COMPANY
401(K) PLAN & TRUST
397 US 41 N - P.O. Box 86
Carney, MI 49812-0086
B. Name of issuer of the securities held pursuant to the plan and the
address of its principal executive office:
LYNCH INTERACTIVE CORPORATION
401 Theodore Fremd Avenue
Rye, NY 10580
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REQUIRED INFORMATION
Pursuant to the instructions on Form 11-K, furnished herewith are plan financial
statements and schedules prepared in accordance with the financial reporting
requirements of ERISA.
Pursuant to the requirements of the Securities Exchange Act of 1934, the
trustees (or other persons who administer the employee benefit plan) have duly
caused this annual report to be signed on its behalf by the undersigned hereunto
duly authorized.
UPPER PENINSULA TELEPHONE COMPANY
401(K) PLAN & TRUST
/s/ Becky Schetter
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Becky Schetter
Plan Administrator
June 20, 2003
Financial statements and schedules of 401(k) Savings Plan of Lynch Interactive
Corporation for the year ended December 31, 2002, prepared in accordance with
ERISA
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Beginning of Year End of Year
Plan Assets and Liabilities: (January 1, 2002) (December 31, 2002)
--------------------------- ----------------- -------------------
Total plan assets ...................................... $211,605 $ 224,066
Total plan liabilities ................................. -- --
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Net plan assets .................................. $211,605 $ 224,066
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Income, Expenses, and Transfers for the Plan Year:
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Amount Total
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Contribution received or receivable from
Employers ........................................ --
Participants ..................................... $ 91,283
Others (including rollovers) ..................... --
Noncash contributions .................................. --
Other income ........................................... $ (70,685)
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Total income ..................................... $ 20,598
Benefits paid (including direct rollovers) $ 8,057
Corrective distributions ............................... --
Certain deemed distributions of participant loans.......
Other expenses ......................................... $ 80
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Total expenses ................................... $ 8,137
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Net income (loss) ...................................... $ 12,461
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Transfers to (from) the plan ........................... --
Specific Assets:
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If the plan held assets at any time during the plan year
in any of the following categories, check "Yes" and enter
the current value of any assets remaining in the plan as
of the end of the plan year.
Value at End of Year
Yes No (December 31, 2002)
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Partnership/joint venture interests .................... X
Employer real property ................................. X
Real estate (other than employer real property) ........ X
Employer securities .................................... X $ 6,746
Participant loans ...................................... X
Loans (other than to participants) ..................... X
Tangible personal property ............................. X