ITC LEARNING CORP
8-K, 1998-01-15
MOTION PICTURE & VIDEO TAPE PRODUCTION
Previous: AMERIQUEST TECHNOLOGIES INC, 10-K405/A, 1998-01-15
Next: JMB INCOME PROPERTIES LTD XII, 8-K, 1998-01-15



<PAGE>
 
                                 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)
                                        
<PAGE>
 
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.
<PAGE>
 
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
                                     ------------------------------------------
                                     Christopher E. Mack
                                     Vice President and Chief Financial Officer



Date:  January 13, 1998
<PAGE>
 
                               INDEX OF EXHIBITS
                                        
<TABLE>
<CAPTION>
Exhibit No.       Exhibit Description
<S>               <C>
99.1              Press Release of the Registrant dated January 8, 1998.
</TABLE>

<PAGE>
 
[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.


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission