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): April 2, 1998
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, Aurora, Illinois 60504
(Address of principal executive offices) (Zip Code)
(800) 323-6883
(Registrant's telephone number, including area code)
ITEM 5. OTHER EVENTS
On April 2, 1998, Westell Technologies, Inc. released a Press Release,
a copy of which is attached as Exhibit 99.1 to this Form 8-K and
incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits
Number Description
99.1 Press Release dated April 2, 1998 issued by the registrant.
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. Hawryszic
Stephen J. Hawrysz
Dated: April 8, 1998
PRESS RELEASE : APRIL 2, 1998
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Gary Seamans, Westell Technologies Chairman, Retires from the Company
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Aurora, IL (April 2, 1998) - Westell Technologies, Inc. (NASDAQ: WSTL) announced
today that its Chairman of the Board and Chief Executive Officer, Gary F.
Seamans, has chosen to retire from the company, effective April 1, 1998. Robert
H. Gaynor has been appointed Westell s new Chairman and CEO. Mr. Gaynor,
formerly Vice Chairman of the Westell Board of Directors and Chairman of the
Executive Committee, has been acting Chairman and CEO since December 4, 1997.
Westell will maintain the Office of the Chairman, which includes Mr. Gaynor,
together with Marc Zionts, Chief Executive Officer of Westell, Inc. and J.
Nelson, President and Chief Operating Officer of Westell, Inc.
"I have known and worked with Gary for over 25 years and view his decision to
retire, at this point in his life where he can no longer give the 120% effort to
which we had all become accustomed, to be fully consistent with his unselfish
and stellar character. I know Gary cares so much about the success of Westell
and most importantly the people at Westell that he is retiring because he
believes it is in the best interests of the company to step aside, and we will
miss him," Mr. Gaynor stated. "As Westell Technologies Chairman and CEO, I will
work diligently to make Gary s vision a reality. With our leadership team headed
by Marc Zionts, J. Nelson and Rick Riviere, we are very well-positioned for
success in the marketplace."
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.
Mr. Seamans commented, "I will greatly miss the challenge and excitement that
Westell has brought to my life. However I now find myself unable to perform at
the level that is required of Westell s Chairman and CEO. Rest assured, however,
I would not leave the company at this point if I did not believe Westell was
poised for success with a strong, experienced executive team in place. I am
confident that Westell s board of directors, management team, departmental
leaders and employees will together continue to grow into the highly successful
business it is bound to become."
"We are very focused on executing on the delivery of the commitments we ve
signed with our customers and partners around the globe. Our research and
development and business development initiatives remain focused as we look
toward a bright future within the ADSL marketplace," continued Mr. Gaynor.
"Gary s vision, leadership and commitment led us to where we are today. It is
now our responsibility to maintain our leadership position in this rapidly
emerging market and enhance an already strong competitive position."
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. 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. 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.
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For additional information contact:
Mark L. Meudt
Westell, Technologies, Inc.
VP -- Corporate Communications & Investor Relations
630-375-4125
