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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
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Date of report (Date of earliest event reported): December 8, 2000
PARADYNE NETWORKS, INC.
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(Exact Name of Registrant as Specified in Charter)
Delaware 000-26485 75-2658219
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(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification No.)
8545 126th Avenue North
Largo, Florida 33773
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(Address of Principal Executive Offices, including Zip Code)
Registrant's telephone number, including area code: (727) 530-2000
N/A
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. OTHER EVENTS.
On December 11, 2000, Paradyne Networks, Inc. (the "Company") announced
that Andrew S. May resigned as Chief Executive Officer of the Company effective
December 8, 2000. Mr. May will remain a non-executive strategic advisor to the
Company until June 2001 and as a member of the Company's Board of Directors.
Simultaneously with Mr. May's resignation as the Company's Chief
Executive Officer, Sean E. Belanger, the Company's President and Chief Operating
Officer, was appointed to the position of President and Chief Executive Officer
of the Company. Mr. Belanger has also been elected to the Board of Directors of
the Company.
In connection with the foregoing management changes, the Company issued
a press release on December 11, 2000, a copy of which is attached hereto as
Exhibit 99.1 and incorporated herein by reference.
ITEM 7. EXHIBITS.
(c) Exhibits
The following exhibit is filed as part of this Report:
EXHIBIT NO. DESCRIPTION
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99.1 Press Release dated December 11, 2000.
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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.
PARADYNE NETWORKS, INC.
By: /s/ PATRICK M. MURPHY
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Name: Patrick M. Murphy
Title: Senior Vice President, Chief Financial
Officer, Treasurer and Secretary
Dated: December 11, 2000
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
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99.1 Press Release dated December 11, 2000.
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