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 6, 1998
PATHNET, INC.
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(Exact name of registrant as specified in its charter)
Delaware 333-52247 52-1941838
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(State or other jurisdiction (Commission File (IRS Employer
of incorporation) Number) Identification Number)
1015 31st Street NW
Washington, DC 20007
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(Address of principal executive offices)
Registrant's telephone number, including area code: (202) 625-7284
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Item 5. Other Events
On October 6, 1998, the Registrant issued the press release, attached
hereto as Exhibit 99.1, announcing the expansion of the Company's management
team to include three new additions to its national sales force.
The foregoing information does not purport to be complete and is
qualified in its entirety by reference to the Exhibit to this Report.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits:
Exhibit 99.1 Registrant's Press Release dated October 6, 1998
2
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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 hereunto duly authorized.
PATHNET, INC.
Dated: October 6, 1998 By: /s/ William R. Smedberg, V
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Name: William R. Smedberg, V
Title: Vice President,
Finance and Corporate Development
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EXHIBIT INDEX
PATHNET, INC.
Current Report on Form 8-K
Exhibit No. Description
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Exhibit 99.1 Registrant's Press Release dated October 6, 1998
EXHIBIT 99.1
FOR IMMEDIATE RELEASE Contact: Laurie Parker or
October 6, 1998 JuliAnne Forrest
(202) 333-0700
PATHNET EXPANDS MANAGEMENT TEAM
Three New Vice Presidents to Head Up Regional and National Sales
Washington, D.C. - Pathnet, Inc. this week expanded its management team
to include three new additions to its national sales force. Rob DiRocco has been
named Vice President of National Account Sales; Nicholas C. Kalavity has been
appointed Regional Vice President of the Western Region, and; Phil Sullivan has
been named Regional Vice President of the Northeast Region.
Pathnet intends to be a leading provider of high-quality, low cost,
long haul telecommunications capacity to second- and third-tier U.S. markets by
upgrading existing wireless infrastructure to develop a state-of-the-art SONET
network.
"The expansion of our sales team to include qualified professionals
like Rob, Nick, and Phil clearly signals Pathnet's commitment to meet the
increasing telecommunications needs of second- and third-tier U.S. markets,"
said Mike Van Zetta, Vice President of Sales. "Their combined 40-plus years of
experience in telecommunications sales will no doubt increase our ability to
market Pathnet's network capacity to our end-user customers."
As Vice President of National Account sales for Pathnet, Rob DiRocco
will be responsible for sales to national companies such as AT&T, MCI WorldCom
and Sprint. With over 10 years experience in the field of telecommunications,
Mr. DiRocco was previously the Director of North American Sales for Hughes
Network Systems' (HNS) data networking division. Prior to HNS, he was Director
of National Account Sales for American Personal Communications, where he helped
launch the nation's first digital
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Personal Communication Services (PCS) network - Sprint Spectrum. Mr. DiRocco
also worked at Bell Atlantic as Director of Sales.
Bringing 15 years of industry experience to Pathnet, Nicholas Kalavity
previously was in the National Markets Group of TCG where he helped establish
their Emerging Markets/Carrier Services Market Segment. Prior to his work with
TCG, Mr. Kalavity was the National Account Manager for Telephone Electronics
Corporation. As Regional Vice President of the Western Region for Pathnet, Mr.
Kalavity will be responsible for sales in the Western half of the United States.
Previously the Director for Carrier Sales, Eastern Division, at Teleglobe, Phil
Sullivan brings over 17 years experience to Pathnet. Prior to his work at
Teleglobe, Mr. Sullivan worked in the Government Systems group and the Carrier
Sales division of MCI. As the Regional Vice President of the Northeast Region of
Pathnet, Mr. Sullivan will be responsible for sales in the Eastern half of the
United States. As of the beginning of June, 49 companies, controlling over
95,000 route miles of private microwave communications systems have authorized
Pathnet in writing to prepare preliminary engineering evaluations of their
networks. Pathnet is positioning itself primarily as a "carriers' carrier" to
provide a high-capacity, dedicated network to interexchange carriers, local
exchange carriers, Internet service providers, Regional Bell Operating
Companies, cellular operators and resellers. Pathnet headquarters are located in
Washington, D.C., at 1015 31st Street, N.W., Washington, D.C., 20007. For
additional information about Pathnet, visit the company website located at
www.pathnet.net.
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This press release contains some matters that are forward-looking statements.
The reader is cautioned that these forward-looking statements, such as plans to
sign additional agreements with private network operator's; offer services to
telecom service providers; build a digital network; and statements regarding the
development of Pathnet's business, and other statements contained herein
regarding matters that are not historical facts, are only predictions. No
assurance can be given that the future results will be achieved; actual events
may differ materially as a result of risks facing Pathnet. For a discussions of
factors that could affect the forward-looking statements see Pathnet's public
filings on file with the Securities and Exchange Commission.
