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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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): January 8, 1998
ITC LEARNING CORPORATION
(FORMERLY KNOWN AS INDUSTRIAL TRAINING CORPORATION)
(Exact name of registrant as specified in its charter)
MARYLAND 0-13741 52-1078263
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification Number)
13515 DULLES TECHNOLOGY DRIVE
HERNDON, VIRGINIA 20171-3413
(Address of principal executive offices)
Registrant's telephone number, including area code: (703) 713-3335
NONE
(Former name and address, if changed since last report)
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ITEM 5. OTHER EVENTS
On January 7, 1998, the Board of Directors of ITC Learning Corporation (the
"Registrant" or "ITC") appointed Carl D. Stevens as Chief Executive Officer in
addition to his duties as President of ITC, replacing J. H. ("Bill") Walton.
The Registrant's press release announcing the event is attached hereto as
Exhibit 99.1 and is incorporated herein by reference.
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SIGNATURE
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.
ITC Learning Corporation
(Registrant)
By: /s/Christopher E. Mack
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Christopher E. Mack
Vice President and Chief Financial Officer
Date: January 13, 1998
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INDEX OF EXHIBITS
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<CAPTION>
Exhibit No. Exhibit Description
<S> <C>
99.1 Press Release of the Registrant dated January 8, 1998.
</TABLE>
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[ITC LOGO ITC PRESS
APPEARS LEARNING RELEASE
HERE] CORPORATION
13515 Dulles Technology Drive
Herndon, VA 20171-3413
(703) 713-3335 . (800) 638-3757
http://www.ITClearning.com
NASDAQ: ITCC
January 8, 1998 Contact: Carl Stevens, CEO & President
Chris Mack, CFO
(800) 638-3757
(703) 713-3335
ITC LEARNING NAMES
CARL D. STEVENS AS CHIEF EXECUTIVE OFFICER
Herndon, Va. - ITC Learning Corporation (ITC), specializing in multimedia
training courseware, announced today that the Company's Board of Directors
has appointed Carl D. Stevens as Chief Executive Officer in addition to his
duties as President of the Company, replacing J.H. ("Bill") Walton. Mr.
Walton remains a Director of the Company.
Mr. Stevens has been with ITC since March 1997 after a distinguished 26
year career with IBM, and this increase in responsibilities represents a
move by the Company to expand its position in the education and training
marketplace.
Mr. Stevens stated that "the opportunities in the education and training
business are without bounds. The market is huge and there are no clear cut
leaders. What is important is to know what the customers want, where they
are going, and to be able to meet those needs. ITC has plans in place to do
just that by leapfrogging its competition with an expanded portfolio of
courseware and state of the art technology to deliver it -- regardless of
the platform or the format the customers want it in. It is execution of
this plan that will drive our growth in the future and we are all very
excited about it."
ITC develops and markets workplace learning products for business,
education and government and is headquartered in Herndon, Virginia with
major facilities also in London, England and Sydney, Australia. With over
5,000 organizations worldwide using ITC's products and solutions to improve
employee productivity and skills, ITC is recognized for its excellence in
quality and support. ITC offers the largest library of interactive CD-ROM
multimedia programs available today, with over 1,500 hours of training on
Personal Computer Skills, Regulatory Compliance, Technical Skills and Basic
Skills. ITC (ITC Learning Corporation) is a publicly owned company that is
traded on NASDAQ under the symbol--ITCC.