UNITED STATES
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):
August 18, 1999
Saville Systems PLC
(Exact name of registrant as specified in its charter)
Republic of Ireland 0-27176
(State or other jurisdiction (Commission File Number)
of incorporation or organization)
Not Applicable
(I.R.S. Employer Identification No.)
IDA Business Park, Dangan, Galway, Ireland
(Address of principal executive offices)
011-353-9-152-6611
(Registrant's telephone number, including area code)
Not Applicable
(Former Name or former address, if changed since last report)
<PAGE>
Item 5. Other Events
On August 18, 1999, Saville Systems PLC and ADC Telecommunications, Inc. issued
a joint press release which is attached hereto as Exhibit 99.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Financial Statements of Business Acquired: not applicable.
(b) Pro Forma Financial Information: not applicable.
(c) Exhibits.
Exhibit 99.1: Joint Press Release of Saville Systems PLC and ADC
Telecommunications, Inc., dated August 18, 1999
<PAGE>
SIGNATURES
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.
SAVILLE SYSTEMS PLC
(Registrant)
Date: August 18, 1999 By: /s/ Christopher A. Hanson
----------------------- ---------------------------
Christopher A. Hanson
Chief Financial Officer
(Principal Financial and
Accounting Officer)
<PAGE>
SAVILLE SYSTEMS PLC
FORM 8-K REPORT
INDEX TO EXHIBITS
Exhibit No. Description
99.1 Joint Press Release of Saville Systems PLC and
ADC Telecommunications, Inc., dated August 18, 1999
<PAGE>
Exhibit 99.1
For Immediate Release ADC Contacts: Mark Borman, Investor Relations
(612) 946-3338
Rob Clark, Public Relations
(612) 914-6355
Saville Contacts: Christopher Hanson, CFO
(781) 270-6500
Vicki Nahrung, Investor Relations
(781) 359-6570
ADC Telecommunications Names Three Saville Systems' Directors To Its Board
John J. Boyle III, John W. Sidgmore and John A. Blanchard III to join Board
upon completion of ADC's acquisition of Saville Systems
MINNEAPOLIS / BURLINGTON, MA - August 18, 1999 - ADC Telecommunications, Inc.
(Nasdaq: ADCT, www.adc.com) and Saville Systems PLC (Nasdaq: SAVLY,
www.savillesys.com) today announced that ADC has named John J. Boyle III, John
W. Sidgmore and John A. Blanchard III, as members of its Board of Directors.
These appointments, subject to completion of ADC's acquisition of Saville
Systems, will be effective at ADC's first Board meeting following the closing of
the acquisition. Boyle, Sidgmore and Blanchard are currently on the Board of
Directors of Saville Systems.
"I look forward to the further strengthening of ADC's Board with the addition of
Jack Boyle, John Sidgmore and Gus Blanchard," said William J. Cadogan, Chairman
and Chief Executive Officer of ADC Telecommunications. "All three of these
gentlemen bring seasoned leadership to develop ADC's multiservice network
strategy of providing broadband hardware systems, communication software
solutions and system integration services to communication service providers
worldwide."
Boyle is Chairman and Chief Executive Officer of Saville Systems. Sidgmore is
Vice Chairman of MCI WorldCom. Blanchard is Chairman and Chief Executive Officer
of Deluxe Corporation, a leading provider of integrated risk management,
electronic transaction services and paper payments to the financial services and
retail industries. Blanchard's previous experience includes positions as
executive vice president of General Instrument, a leading worldwide provider of
integrated and interactive broadband access solutions, and at AT&T for 25 years,
most recently as senior vice president responsible for national business sales.
As part of ADC's strategy to be a leader in operations support software
solutions for communications service providers, ADC announced the pending
acquisition of Saville Systems in June 1999. The acquisition is subject to
approval at the Saville shareholder meetings scheduled for August 31, 1999, as
well as certain other conditions including the sanction of the High Court of
Ireland and certain other governmental approvals and filings. The acquisition is
expected to be completed during ADC's fourth quarter ending October 31, 1999,
although the actual closing date will depend on when the sanction of the High
Court of Ireland is obtained.
About ADC
ADC Telecommunications, Inc., is a leading global supplier of voice, video and
data systems and solutions for telephone, cable television, Internet, broadcast,
wireless and private communications networks. ADC's systems and solutions enable
local access and high-speed transmission of communications services from service
providers to consumers and businesses over fiber-optic, copper, coaxial and
wireless media. Headquartered in Minneapolis, Minnesota, ADC has approximately
10,100 employees around the world and annual sales of $1.6 billion. ADC was
added to the Standard & Poor's 500 Index on July 30, 1999. For additional
information, visit our Web site at www.adc.com.
About Saville Systems
Founded in 1982, Saville is a leading provider of convergent billing and
customer care solutions for the telecommunications industry. Saville operates
globally with offices in the U.S., Canada, Ireland, Australia, U.K. and Germany,
and has more than 1,400 employees worldwide. Saville is a publicly held company,
traded on the Nasdaq National Market (US) market under the symbol SAVLY. For
more information, Saville can be reached at www.savillesys.com, or call (+1)
781-270-6500.
