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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) December 16, 1996
PictureTel Corporation
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(Exact name of registrant as specified in charter)
DELAWARE 1-9434 04-2835972
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(State or other (Commission (IRS Employer
jurisdiction of incorporation) File Number) Identification Number)
100 Minuteman Road, Andover, MA 01810
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(Address of principal executive offices)
Registrant's telephone number, including area code (508) 292-5000
(Former name or former address, if changed since last report)
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Item 5. Other Events
On December 16, 1996 the Company issued a press release reporting that
Stephen Crummey, the Vice President of Worldwide Sales, would be leaving the
Company in January 1997 and that Tom Pesut would become acting vice president
of worldwide sales.
Financial Statements and Exhibits
(a) Financial Statements of business acquired:
Not applicable
(b) Pro Forma financial information
Not applicable
(c) Exhibits:
(10)(a) Press Release dated December 16, 1996
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SIGNATURES
Pursuant to the requirements of the Securities and Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
PictureTel Corporation
(Registrant)
By /s/ Les B. Strauss
Les B. Strauss
Vice President, Finance
Date: December 17, 1996
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EXHIBIT INDEX
Exhibit No.
(10)(a) Press Release dated December 16, 1996
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EXHIBIT 10(a)
PictureTel Corporation
100 Minuteman Road
Andover, MA 01810
NEWS RELEASE
Contact: Kevin Flanagan Diane Parazin
PICTURETEL CORPORATION COPITHORNE & BELLOWS
(508) 292-5178 (617) 450-4300
[email protected] [email protected]
STEPHEN CRUMMEY LEAVING PICTURETEL IN JANUARY
TO BECOME CEO OF INTRANET START-UP COMPANY
ANDOVER, Mass. - DECEMBER 16, 1996 - PictureTel Corporation (NASDAQ: PCTL), the
global leader in videoconferencing and multimedia collaboration, today announced
that Stephen J. Crummey is leaving his position as vice president of worldwide
sales in January 1997. Crummey will become CEO of an intranet start-up company
in the Boston area. Tom Pesut, currently the company's vice president of
Americas sales, will, in an acting capacity, expand his duties to include
worldwide sales.
"Steve has done an excellent job as head of our worldwide sales
organization," said Dr. Norman E. Gaut, PictureTel's chairman and CEO. "He took
an already outstanding sales and channel organization to new heights. As he
departs, he leaves behind the best sales organization in our industry, one that
has consistently delivered superb results."
Gaut says that Peset, who joined PictureTel this year from Novell, Inc.,
where he was senior vice president of the Americas, will expand his sales duties
in North and South America to include PictureTel`s direct sales force and
channels around the world.
"Tom already has made a major impact as vice president of Americas sales,"
said Gaut. "We are confident he will continue to deliver strong results with
these added responsibilities."
PictureTel Corporation is the world leader in developing, manufacturing and
marketing a full range of videoconferencing technologies. The company's products
serve videoconferencing needs from the desktop to the boardroom. PictureTel also
markets network conferencing products and a comprehensive portfolio of
enterprise-wide services. Additional PictureTel information is available on the
Internet at www.picturetel.com PictureTel videoconferencing eliminates the
barrier of distance, enabling people to be Anywhere Now[trademark].
-End-
PictureTel is a registered trademark of PictureTel Corporation. Anywhere Now is
a trademark of PictureTel Corporation.
Recent PictureTel news releases are available on our Web site at
www.picturetel.com or by calling 1-800-716-6000, extension 4 (U.S. and Canada
only).
phone 508.292.5000
fax 508.292.3327
