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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): May 14, 1999
TELXON CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 0-11402 74-1666060
(STATE OR OTHER JURISDICTION (COMMISSION (IRS EMPLOYER
OF INCORPORATION) FILE NUMBER) IDENTIFICATION NO.)
3330 WEST MARKET STREET, AKRON, OHIO 44333
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
ISSUER'S TELEPHONE NUMBER, INCLUDING AREA CODE: (330) 664-1000
Not applicable
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
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ITEM 5. OTHER EVENTS.
On May 14, 1999, Aironet Wireless Communications, Inc. ("Aironet"), a
subsidiary of Telxon Corporation ("Telxon" or the "Registrant"), issued the
press release included as Exhibit 99 to this Current Report on Form 8-K and
incorporated herein by reference.
The press release constitutes or may be viewed as forward-looking
statements within the meaning of the Private Securities Litigation Reform
Act of 1995, which forward-looking statements are inherently subject to
risks and uncertainties which could cause actual events to differ materially
from the forward-looking statements.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits.
99 Press Release issued by Aironet Wireless
Communications, Inc., a subsidiary of the
Registrant, on May 14, 1999.
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.
TELXON CORPORATION
Date: May 14, 1999 By: /s/ Glenn S. Hansen
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Glenn S. Hansen
Vice President, Legal Administration
and Corporate Counsel
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INDEX TO EXHIBITS
99 Press Release issued by Aironet Wireless
Communications, Inc., a subsidiary of the
Registrant, on May 14, 1999, filed herewith.
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[AIRONET LOGO] EXHIBIT 99
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NEWS RELEASE
Aironet Wireless Communications, Inc.
Files for Initial Public Offering
Akron, OH, May 14, 1999
Aironet Wireless Communications, Inc. today announced that it has filed a
registration statement with the Securities and Exchange Commission regarding an
initial public offering of 6 million shares of its common stock. The common
stock to be offered will consist of 4 million shares to be issued by Aironet, as
well as 2 million shares to be sold by a selling stockholder, Telxon
Corporation. Aironet and Telxon will each grant the underwriters an option to
purchase additional shares to cover over-allotments, if any. Aironet will not
receive any proceeds from the sale of shares by the selling stockholder. Dain
Rauscher Wessels, a division of Dain Rauscher Incorporated and Prudential
Securities will manage the underwriting group.
Aironet designs, develops and markets high speed, standards-based wireless local
area networking solutions designed to provide wireless local network
connectivity and Internet access to personal computer users within a building or
campus environment.
A registration statement relating to these securities has been filed with the
Securities and Exchange Commission but has not yet become effective. These
securities may not be sold nor may offers to buy be accepted prior to the time
the registration statement becomes effective. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy, nor shall
there be any sale of these securities in any state in which such offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state. An offering of common stock, if
made, will only be made by means of a prospectus.
A copy of the preliminary prospectus may be obtained when it becomes available
from the offices of DAIN RAUSCHER WESSELS, 60 SOUTH 6TH STREET, # 86V6,
MINNEAPOLIS, MN 55402 (612) 313-1200.
