SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: December 31, 1997
Spanlink Communications, Inc.
(Exact Name of Registrant as Specified in its Charter)
Minnesota
(State or other jurisdiction of incorporation)
0-28138 41-1618845
(Commission File Number) (IRS Employer Identification No.)
7125 Northland Terrace
Minneapolis, MN 55428
(Address of principal executive offices)
(612) 971-2000
(Registrant's telephone number, including area code)
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ITEM 2. ACQUISITION OR DISPOSITION OF ASSETS
On December 31, 1997, the Company purchased the FastCall product line
from Aurora Systems, Inc., a subsidiary of Comdial Corporation. The purchase
includes intellectual property and intangible assets related to the FastCall
product line. FastCall is a computer-telephony integration software package
which streamlines the handling of incoming and outbound calls through the use of
capabilities like screen pops, voice and data transfers and automated dialing.
FastCall can be integrated with most major telephone systems.
The purchase price will be paid from royalties on future sales of the
FastCall product. Royalties will be paid by the Company on future sales of
FastCall as follows:
From purchase date through December 31, 2000 25% of sales
From January 1, 2001 through December 31, 2002 15% of sales
A minimum royalty of $600,000 will be paid by the Company. The maximum
royalty to be paid is $1,100,000. The Company prepaid $100,000 of future
royalties at the time of closing.
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SIGNATURE
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.
Spanlink Communications, Inc.
January 15, 1998 By /s/ Timothy E. Briggs
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Timothy E. Briggs
Vice President of Finance
and Chief Financial Officer
