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 4, 1997
WESTELL TECHNOLOGIES, INC.
(Exact name of registrant as specified in its charter)
DELAWARE
(State or other jurisdiction of incorporation)
0-27266 36-3154957
(Commission File Number) (I.R.S. Employer Identification Number)
750 North Commons Drive, Aurora, Illinois 60504
(Address of principal executive offices) (Zip Code)
(630) 898-2500
(Registrant's telephone number, including area code)
ITEM 5. OTHER EVENTS
On December 4, 1997, Westell Technologies, Inc. released a Press
Release announcing that Gary F. Seamans, the Chairman of the Board and
Chief Executive Officer, is taking a temporary medical leave of
absence. A copy of the press release is attached as Exhibit 99.1 to
this Form 8-K and incorporated herein by reference.
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 hereunto duly authorized.
WESTELL TECHNOLOGIES, INC.
By: /s/ Stephen J. Hawrysz
Stephen J. Hawrysz
Vice President, Treasurer and Chief Financial
Officer
Dated: December 4, 1997
[Logo]
WESTELL
NEWS RELEASE
FOR IMMEDIATE RELEASE
FOR ADDITIONAL INFORMATION CONTACT:
Mark L. Meudt Brad Wills
Westell, Inc. Wills & Associates
630-375-4125 Trade/Business
Press
301-530-3711
WESTELL TECHNOLOGIES' CEO TAKES TEMPORARY MEDICAL LEAVE OF ABSENCE
Aurora, IL (December 4, 1997) - Westell Technologies, Inc. (NASDAQ: WSTL)
announced today that its Chairman of the Board and Chief Executive Officer, Gary
F. Seamans, is taking a temporary medical leave of absence. The length of the
absence will depend upon the success of his medical treatment but will probably
be on the order of three months. In Gary's absence, Robert H. Gaynor, Westell's
Vice Chairman of the Board of Directors and Chairman of the Executive Committee
will be acting Chairman and CEO.
Mr. Gaynor has been a member of the Board of Directors since 1990, has
served as Vice Chairman since 1991 and as Chairman of the Executive Committee
since 1995. He has extensive experience at the executive level in the
telecommunications field, having served as an officer in numerous operations and
administrative capacities over a 44 year career at AT&T. As an interim measure,
Westell has established an Office of the Chairman, which includes Mr. Gaynor,
together with Rob Faw, CEO of Westell, Inc. and J. Nelson, President of Westell,
Inc.
Mr. Gaynor commented, "While Gary Seamans' energy and leadership will be
sorely missed during this brief period, Westell is fortunate to have in place a
strong, experienced executive team, headed by Rob Faw, J. Nelson and Stephen
Hawrysz, Chief Financial Officer. Together with the guidance of our board
members and the diligence of other Westell departmental leaders, we anticipate
complete continuity in Westell's ongoing business. Westell's leadership team
will remain focused on our major customers and global alliances as well as
research and development and business development initiatives with our key
technology partners. While we look forward to having Gary resume his
responsibilities at an early date, the depth and competence of Westell s
management will be evident as we maintain our leadership position in the rapidly
emerging Digital Subscriber Line marketplace and enhance an already strong
competitive position in our expanding line of telecommunications access
products."
Westell Technologies is a holding company for Westell Inc., Conference Plus
Inc. and Westell WorldWide Services Inc. Westell Inc. is a leading world-wide
innovator and manufacturer of ADSL systems and telecommunications access
products, with corporate headquarters in Aurora, Illinois. Westell's xDSL
products are currently in use or trial by numerous customers world-wide,
including Ameritech, Bell Atlantic, Bell Canada, British Telecom, GTE, MCI,
Quebec Telephone, SBC, Saskatchewan Telephone, Telecom Italia, US West and
leading Internet service providers. In addition to developing and manufacturing
xDSL and non-DSL data and telecommunications products, Westell Inc. has
established technology relationships with leading telecommunication, software,
computing and semi-conductor companies such as Atlantech Technologies, ATML, DSC
Communications, GlobeSpan, Lucent Technologies, Microsoft, Motorola, Texas
Instruments and others.
Conference Plus Inc., is a multi-point telecommunications service bureau
specializing in audio teleconferencing, multi-point video conferencing,
broadcast fax, and multimedia teleconference services. Westell WorldWide
Services Inc., a wholly owned subsidiary of Westell Technologies, provides
engineering, installation and network management services to leading network
providers as well as turn-key equipment and service solutions to enterprise
customers and service providers.
Additional information can be obtained by visiting Westell's Web site at
http://www.westell.com.
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