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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):
October 24, 1997
EXCEL Communications, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 1-13433 75-2720091
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification No.)
incorporation)
8750 North Central Expressway, Suite 2000
Dallas, Texas 75231
(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code (214) 863-8000
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ITEM 5. OTHER EVENTS
See Exhibit 20.1 to this Form 8-K.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
INFORMATION AND EXHIBITS
(c) Exhibit.
20.1 Press Release, dated October 24, 1997,
regarding settlement of litigation.
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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 thereunto duly authorized.
EXCEL COMMUNICATIONS, INC.
October 30, 1997 By: /s/ John J. McLaine
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John J. McLaine
President and Chief
Operating Officer
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EXHIBIT INDEX
Exhibit No. Description
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20.1 Press Release, dated October 24, 1997,
regarding settlement of litigation
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CONTACT: Kenneth Kracmer
Public Relations
FOR IMMEDIATE RELEASE 214/863-8400
October 24, 1997
Mary Bell
Investor Relations
214/863-8730
STATEMENT FROM EXCEL COMMUNICATIONS
REGARDING ARBITRATION SETTLEMENT
DALLAS - Excel Communications, Inc. (NYSE: ECI) and three of its
former Independent Representatives, including Linden Wood, today announced a
settlement of an arbitration proceeding involving disputes between them.
The arbitration proceeding began after Wood and the other former Independent
Representatives filed a lawsuit against Excel in Oklahoma state court for $405
million involving, among other things, commissions and bonuses which Excel
withheld from the former Independent Representatives. The settlement involves
the payment of $1.7 million by Excel to the former Independent Representatives
as a negotiated severance package. Wood stated: "We apologize for filing the
lawsuit against Excel and regret any damage it might have caused the company,
its Independent Representatives, and shareholders."
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