TEKELEC
10-C, 1995-03-23
RADIO & TV BROADCASTING & COMMUNICATIONS EQUIPMENT
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<PAGE>   1


                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                   FORM 10-C

                 REPORT BY ISSUER OF SECURITIES QUOTED ON THE

                             NASDAQ STOCK MARKET

                  FILED PURSUANT TO SECTION 13 OR 15(D) OF THE

                SECURITIES EXCHANGE ACT OF 1934 AND RULE 13A-17

                              OR 15D-17 THEREUNDER


                                   TEKELEC                                   
- --------------------------------------------------------------------------------
                 (Exact name of issuer as specified in charter)

              26580 West Agoura Road, Calabasas, California 91302             
- --------------------------------------------------------------------------------
                    (Address of principal executive offices)

Issuer's telephone number, including area code      (818) 880-5656
                                               ------------------------



                   I.  CHANGE IN NUMBER OF SHARES OUTSTANDING

Indicate any change (increase or decrease) of 5% or more in the number of
shares outstanding:

1.       Title of security         Common Stock                               
                           ---------------------------------------------------

2.       Number of shares outstanding before the change          4,652,936
                                                        ----------------------

3.       Number of shares outstanding after the change           9,305,872
                                                       -----------------------

4.       Effective date of change         March 17, 1995
                                  --------------------------------------------
5.       Method of change:

             Specify method (such as merger, acquisition, exchange,
         distribution, stock split, reverse split, acquisition of stock for 
         treasury, etc.)

                Stock Split 
             -----------------------------------------
                            
             Give brief description of transaction     The Company effected a
                                                   ---------------------------
         two-for-one stock split on March 17, 1995
         ---------------------------------------------------------------------

                         II.  CHANGE IN NAME OF ISSUER

1.       Name prior to change 
                              ------------------------------------------------

2.       Name after change
                           ---------------------------------------------------

3.       Effective date of charter amendment changing name
                                                           -------------------

4.       Date of shareholder approval of change, if required
                                                             -----------------


Date      March 23, 1995                           Philip J. Alford
     ------------------------                      ---------------------------
                                                   Philip J. Alford, President






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