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) May 11, 1998
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Box Hill Systems Corp.
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(Exact name of registrant as specified in its character)
New York 1-13317 13-3460176
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
161 Avenue of the Americas
New York, NY 10013
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 212-989-4455
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N/A
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(Former name or former address, if changed since last report.)
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Item 5. Other Events
On May 11, 1998, Box Hill Systems Corp. announced that its
CEO, Mr. Philip Black, plans to take a short term medical leave of
absence.
Item 7. Financial Statements and Exhibits
Exhibits:
99 Press Release dated May 11, 1998.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act
of 1934, the registrant has caused this report to be signed on its
behalf by the undersigned hereunto duly authorized.
Box Hill Systems Corp.
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(Registrant)
Date May 13, 1998 By: /s/ Benjamin Monderer
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Benjamin Monderer
President
Box Hill Systems Corp.
161 Avenue of the Americas
New York, NY 10013
(NYSE: BXH)
At Box Hill Systems Corp. At The Financial Relations Board
Robert Rebmann Doug DeLieto Joel Herskovitz
Chief Financial Officer (General info.) (Analyst info.)
(212) 989-4455 Alicia Nieva-Woodgage
(Media info.)
(212) 661-8030
BOX HILL'S CEO TO TAKE SHORT-TERM MEDICAL LEAVE OF ABSENCE
May 11, 1998, New York, NY--Box Hill Systems Corp. (NYSE:
BXH), today announced that its CEO, Mr. Philip Black, age 43,
plans to take a short-term medical leave of absence from his
duties at the Company.
Mr. Black plans to undergo surgery within the next three
weeks to reconstruct a cardiac mitral valve and is expected
to make a full recovery. Typical recovery time for this
procedure is three to four weeks. He will resume his normal
duties following the recovery period. In the interim, the
Company's Chairman and founder, Dr. Benjamin Monderer, will
head up the executive management committee that will assume
Mr. Black's responsibilities during his absence. It is
anticipated that Mr. Black will be available to executive
management prior to his return.
Box Hill Systems Corp. (NYSE: BXH) is the leading,
full-service provider of high-availability, mission-critical
storage and backup solutions that are bigger, faster and
smarter than industry competition. Box Hill is recognized
worldwide by a customer base that includes many of the
largest financial, telecommunications, government and
university research institutions in the world. Box Hill's
home page is www.boxhill.com.
Certain statements contained in this press release, including
statements regarding the anticipated development and
expansion of Box Hill Systems Corp.'s (the "Company")
business, the intent, belief or current expectations of the
Company, its directors or its officers, primarily with
respect to the future operating performance of the Company
and the products it expects to offer and other statements
contained herein regarding matters that are not historical
facts, are
<PAGE>
"forward looking" statements within the meaning of the
Private Securities Litigation Reform Act. Because such
statements include risks and uncertainties, actual results
may differ materially from those expressed or implied by such
forward-looking statements. Those risks and uncertainties
include, among others: rapid technological change, frequent
new product introductions, evolving industry standards and
changing customer preferences in the Open Systems storage
market. In addition, the Company's business and results of
operations are subject to numerous additional risks and
uncertainties, including availability and cost of key
components; dependence on a limited number of customers;
reliance on the financial services and telecommunications
industries; ability to attract, train, retain and motivate
qualified management, technical, manufacturing, sales and
support personnel; demand on administrative, operational,
financial, manufacturing, sales and customer service
resources caused by the Company's growth and expansion; and
the Company's ability to protect its proprietary software and
other intellectual property rights. All forward looking
statements speak only as of the date on which they are made.
Box Hill undertakes no obligation to update such statements
to reflect events which occur or circumstances which exist
after the date on which they are made.
For more information on Box Hill Systems Corp. via fax at no
charge,
please dial 1-800-PRO-INFO and enter ticker symbol BXH,
or visit Box Hill's web site at www.boxhill.com
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