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SCHEDULE 14A
(RULE 14A-101)
INFORMATION REQUIRED IN PROXY STATEMENT
SCHEDULE 14A INFORMATION
PROXY STATEMENT PURSUANT TO SECTION 14(A) OF THE SECURITIES
EXCHANGE ACT OF 1934
Filed by the registrant /X/
Filed by a party other than the registrant / /
Check the appropriate box:
/ / Preliminary proxy statement
/ / Definitive proxy statement
/X/ Definitive additional materials
/ / Soliciting material pursuant to Rule 14a-11(c) or Rule 14a-12
TELXON CORPORATION
(NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
TELXON CORPORATION
(NAME OF PERSON(S) FILING PROXY STATEMENT)
Payment of filing fee (Check the appropriate box):
/X/ $125 per Exchange Act Rule 0-11(c)(1)(ii), 14a-6(i)(1), or 14a-6(j)(2).
/ / $500 per each party to the controversy pursuant to Exchange Act Rule
14a-6(i)(3).
/ / Fee computed on table below per Exchange Act Rules 14a-6(i)(4) and 0-11.
(1) Title of each class of securities to which transaction applies:
Not Applicable
(2) Aggregate number of securities to which transaction applies:
Not Applicable
(3) Per unit price or other underlying value of transaction computed pursuant to
Exchange Act Rule 0-11:
Not Applicable
(4) Proposed maximum aggregate value of transaction:
Not Applicable
/ / Check box if any part of the fee is offset as provided by Exchange Act Rule
0-11(a)(2) and identify the filing for which the offsetting fee was paid
previously. Identify the previous filing by registration statement number, or
the form or schedule and the date of its filing.
(1) Amount previously paid:
Not Applicable
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(4) Date filed:
Not Applicable
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TELXON NEWS RELEASE
FOR IMMEDIATE RELEASE
AKRON, OHIO, August 18, 1994 - Telxon Corporation (TLXN - NASDAQ NMS),
today announced that its management had recommended formal adoption by its
Board of Directors of a policy not to reprice any of the new stock options
which are provided by the Option Plan Amendment, that will be considered at the
Company's Annual Meeting tomorrow.
Kenneth Haver, Telxon Vice President of Financial Planning, stated that
"Company management was similarly recommending that its Board not grant more
than half of the new stock options during the balance of the fiscal year ending
March 31, 1995."
"The new policies were recommended in response to questions raised by
certain institutional investors," Haver explained.
Telxon Corporation is the world leader in wireless and portable
teletransaction products, networks and systems. The company integrates advanced
portable Tele-Transaction Computers (PTCs) with wireless and network
communication technology, a wide array of peripherals and application-specific
software for more than 7,000 customers in 50 countries around the world.
Telxon's world headquarters is located in Akron, Ohio; its
manufacturing and USA Service Depot headquarters are located in Houston, Texas.
Telxon's International Division headquarters is located in Brussels, Belgium.
For more information:
Kenneth W. Haver, Vice President
Financial Planning
(216) 867-3700
(800) 800-8001
or
Richard J. Gurda, Vice President
Corporate Communications
(216) 867-3700
(800) 800-8001
