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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): April 3, 1998
DSC COMMUNICATIONS CORPORATION
(Exact name of registrant as specified in its charter)
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Delaware 0-10018 54-1025763
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
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1000 Coit Road
Plano, Texas 75075
(Address of principal executive offices) (ZIP Code)
Registrant's telephone number, including area code: (972) 519-3000
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ITEM 5. Other Events.
For a description of the events reported pursuant to this Form 8-K,
reference is made to the press release issued to the public by the Registrant
on April 3, 1998, the text of which is attached hereto as Exhibit 99.1.
ITEM 7. Financial Statements and Exhibits.
(c) Exhibits.
Exhibit No. Description.
99.1 Text of Press Release, dated April 3, 1998
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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.
DSC COMMUNICATIONS CORPORATION
Date: April 3, 1998 By: /s/ GEORGE B. BRUNT
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George B. Brunt
Vice President, Secretary and General Counsel
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EXHIBIT INDEX
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Exhibit No. Description.
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99.1 Text of Press Release, dated April 3, 1998
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[DSC COMMUNICATIONS LOGO] NEWS RELEASE
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FOR IMMEDIATE RELEASE
CONTACT: TERRY ADAMS OR MICHAEL HAASE
972/519-4358 972/519-6855
JAMES L. DONALD PUBLICLY ANNOUNCES
HIS INTENTION TO RETIRE
Dallas, TX., April 3, 1998...DSC Communications Corporation Chairman, President
and Chief Executive Officer, James L. Donald today publicly announced his
intention to retire from the posts of president and chief executive officer.
This formal announcement follows his private communication to the DSC board of
directors on September 2, 1997, at which time he indicated his desire to retire,
preferably by year-end 1997.
Internal and external candidates are being considered for the open positions. An
executive recruitment firm has been retained. Once the search is concluded, Mr.
Donald intends to become a non-employee chairman and director of the company.
Mr. Donald joined DSC in 1981 as chief operating officer. DSC was then a
start-up organization with few employees and no marketable product.
Subsequently, Mr. Donald was named chief executive officer and chairman of DSC.
His earlier career consisted of 18 years at Texas Instruments, three years as
president of Danray, Inc. and two years at Northern Telecom.
Upon arriving at DSC, Mr. Donald refocused its development efforts towards the
needs of the long-distance marketplace and, in 1982, the company introduced
its first
-more-
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product, a digital tandem long-distance switch. That same year MCI
Communications, then a fledgling entrant to the long-distance market, received
its first delivery of product from DSC. Since then, and largely through Mr.
Donald's leadership, DSC has provided a broad portfolio of switching, access and
transport solutions to long-distance, local and wireless service providers
around the world.
William O. Hunt, a member of DSC's board of directors and chairman of its
executive search committee, commented, "We appreciate the outstanding leadership
Jim Donald has provided the company for the past 17 years. After joining DSC in
1981, Jim guided the company from a start-up, one-product operation to a $1.6
billion supplier of leading telecommunications solutions. He has led the company
into many new markets with multiple strategic product offerings. These offerings
have provided the company a solid base to build upon for continued growth."
Hunt added that, "I look forward to working with the rest of DSC's board members
in naming a successor that will lead DSC into the next millennium."
DSC Communications Corporation (NASDAQ:DIGI) is a global provider of advanced
telecommunications products, including digital switching, transmission, access
and network management systems. DSC's integrated network solutions support
voice, data and broadband services, such as intelligent networking, wireless and
switched digital video applications. DSC had 1997 annual revenues of
approximately $1.6 billion and is active in more than 60 countries worldwide.
For more information about DSC and its products, please visit the company's web
site at HTTP://WWW.DSCCC.COM.
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