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UNITED STATES
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 (Date of earliest event reported) OCTOBER 30, 1997
CS WIRELESS SYSTEMS, INC.
(Exact name of registrant as specified in its charter)
DELAWARE 333-20295 23-2751747
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
200 CHISHOLM PLACE
SUITE 202
PLANO, TEXAS 75075
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (972) 633-4000
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ITEM 5. OTHER EVENTS
CS Wireless Systems, Inc.(the "Company") has appointed George Parise as
acting Chief Financial Officer to assume the responsibilities of Jeffrey A.
Kupp, who resigned effective October 30, 1997 to assume the position of Chief
Financial Officer with another company in the Dallas area. Mr. Parise shall
serve until a permanent replacement is identified and will continue to serve as
Senior Vice President of CAI Wireless Systems, Inc., the holder of approximately
48% of the Company's outstanding common stock.
ITEM 7. FINANCIAL STATEMENTS, PROFORMA FINANCIAL INFORMATION AND
EXHIBITS
(c) Exhibits
99.1 Press Release
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Company has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
DATED: November 7, 1997 CS WIRELESS SYSTEMS, INC.
BY: /s/ Albert G. McGrath, Jr.
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ALBERT G. MCGRATH, JR.
GENERAL COUNSEL
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EXHIBIT 99.1
FOR IMMEDIATE RELEASE
Contact:
Albert G. McGrath, Jr. - CS Wireless
972/633-4000
CS WIRELESS SYSTEMS, INC. ANNOUNCES MANAGEMENT CHANGE
Plano, Texas, November 7, 1997 - CS Wireless Systems, Inc. ("CS Wireless")
today announced it has appointed George Parise as acting Chief Financial
Officer ("CFO") of the Company. Mr. Parise will assume responsibilities of
the CFO position until a permanent replacement is identified. A search will
be conducted to fill the position vacated by Jeffrey A. Kupp, who resigned to
become CFO and Treasurer of IEX Corporation, a Richardson, Texas based
company that develops products for telecommunications carriers, call centers
and private networks. Mr. David E. Webb, Chief Executive Officer of CS
Wireless, said, "We wish Jeff the best in the exciting new challenge he has
taken on and are very appreciative for the contribution he made at CS
Wireless."
Mr. Parise shall continue to serve as Senior Vice President-Finance for CAI
Wireless Systems, Inc. ("CAI Wireless"), one of the largest developers,
owners, and operators of wireless cable television systems in the United
States. CAI Wireless owns approximately 48% of CS Wireless. Prior to his
employment at CAI Wireless, Mr. Parise was employed by Bell Atlantic
Corporation, most recently as CFO of CellularVision of New York (a joint
venture which launched and operated the Local Multipoint Distribution Service
system in Brooklyn, New York). Mr. Parise is a Certified Public Accountant
and was employed by Ernst & Young, formerly Ernst & Whinney, prior to joining
Bell Atlantic Corporation.
Investor relations responsibilities will be assumed by Albert G. McGrath,
Jr., CS Wireless Vice President and General Counsel. Mr. McGrath can be
reached at 972/633-4000.
Based in Plano, Texas, CS Wireless Systems, Inc. is one of the largest
wireless cable television companies in the United States in terms of line
of sight households and subscribers. Heartland Wireless Communications,
Inc., a leading developer, owner and operator of wireless cable systems in
small to mid-size markets located in the central United States, owns
approximately 36% of CS Wireless.
