UNITED STATES
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) April 21, 1999
TELLABS, INC.
(Exact name of registrant as specified in its charter)
Delaware 0-9692 36-3831568
(State or other jurisdiction (Commission (IRS employer
of incorporation) file number) identification no.)
4951 Indiana Avenue, Lisle, Illinois 60532
(Address of principal executive office) (Zip Code)
Registrant's telephone number, including area code (630) 378-8800
N/A
(Former name or former address, if changed since last report)
<PAGE>
Item 5. Other Events
Tellabs, Inc. (the "Company") has announced that its Board of Directors
declared a two-for-one stock split of the Company's common shares. New
shares will be issued on May 17, 1999 to stockholders of record on
May 3, 1999.
Further details of this action and other matters are contained in the press
release of Tellabs, Inc. dated April 21, 1999 attached hereto as Exhibit 99.1
and incorporated herein by reference.
Item 7. Financial Statements and Exhibits
(c) Exhibits
Exhibit 99.1 - Press Release of Tellabs, Inc. dated April 21, 1999
<PAGE>
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.
TELLABS, INC
Date: April 22, 1999 By: /s Robert E. Swininoga
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Robert E. Swininoga
Vice President and
Principal Accounting Officer
<PAGE>
Exhibit Index
Exhibit No. Description
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99.1 Press Release dated April 21, 1999
FOR IMMEDIATE RELEASE CONTACT: Thomas P. Scottino
04/21/99 (630)378-7504
[email protected]
www.tellabs.com
TELLABS ANNOUNCES TWO-FOR-ONE STOCK SPLIT,
GOAL TO TRIPLE SALES BY 2003
Lisle, Ill. - Tellabs, Inc., announced today that its Board of Directors
approved a two-for-one stock split of the company's common shares.
New shares will be issued on May 17 to shareholders of record on May 3.
At the company's Annual Stockholders' Meeting today, Tellabs President
and CEO Michael J. Birck discussed a company stretch objective dubbed
"X3 by '03." This goal calls for Tellabs to triple annual sales by the year
2003. "In October 1995, Tellabs' people heartily embraced a "2B by 2K"
objective to achieve $2 billion in annual revenue by the year 2000," Birck
said. "Since it looks that we will achieve that objective one year early, it's
only appropriate that we set our sights on the next goal -- $6 billion in
revenue by 2003."
In other business conducted at the meeting, current Tellabs Directors Brian J.
Jackman, Stephanie Pace Marshall and William F. Souders were re-elected to new
three-year terms on the company's Board of Directors.
As of April 2, 1999, Tellabs had approximately 195.8 million common shares
outstanding.
Tellabs designs, manufactures, markets and services voice and data transport
and network access systems. The company's products are used worldwide by the
providers of communications services. Tellabs stock is listed on the Nasdaq
Stock Market (TLAB).
