SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
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) June 30, 1998
GEOTEK COMMUNICATIONS, INC.
(Exact name of registrant as specified in charter)
Delaware 0-17581 22-2358635
(State of other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
102 Chestnut Ridge Road, Montvale, New Jersey 07645
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code 201-930-9305
N/A
(Former name or former address, if changed since last report)
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Item 5. Other Events
On July 2, 1998, Geotek Communications, Inc. (the "Company") issued a
press release announcing that the Nasdaq Listing Qualifications Panel had
determined to delist the Company's securities from Nasdaq effective with the
close of business on June 30, 1998. As previously reported, Nasdaq had earlier
informed the Company that its securities were scheduled to be delisted and that
the action was stayed pending a hearing on that decision which was subsequently
held on June 4, 1998.
Also on June 30, 1998, the Company issued a press release announcing
several changes among its executive officers and directors, including the
resignation of Yaron Eitan as Chief Executive Officer and Director of the
Company.
Copies of the press releases are attached hereto as Exhibit 99 and
incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits.
(99) Press Release dated June 30, 1998 and July 2, 1998
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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.
GEOTEK COMMUNICATIONS, INC.
Date: July 2, 1998 By: /s/ Robert Vecsler
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Name: Robert Vecsler
Title Secretary and General Counsel
Contact: Randy Miller, Treasurer 201-930-9305
Montvale, New Jersey--July 2, 1998--Geotek Communications, Inc. (NASDAQ):
GOTK, Pacific: GEO), a provider of mobile logistics systems, today announced
that the Nasdaq Listing Qualifications Panel has decided to delist the Company's
securities from Nasdaq effective with the close of business on June 30, 1998. As
previously reported, Nasdaq had earlier informed the Company that its securities
were scheduled to be delisted; that action was stayed pending a hearing which
was subsequently held on June 4, 1998.
On June 29, 1998, the Company announced the filing, in the U.S. Bankruptcy
Court in Wilmington, Delaware, of voluntary petitions seeking protection under
Chapter 11 of the Bankruptcy Code.
<PAGE>
GEOTEK COMMUNICATIONS' CEO DEPARTS; ANNE E. EISELE NAMED
CHIEF ADMINISTRATIVE OFFICER
Montvale, New Jersey--June 30, 1998--Geotek Communications, Inc. (NASDAQ:
GOTK) (Pacific: GEO), a provider of mobile logistics systems, today announced
that Yaron I. Eitan has stepped down as Chief Executive Officer of the Company
and resigned from its Board of Directors. Anne E. Eisele, Geotek's Chief
Financial Officer, also has been named Chief Administrative Officer.
Separately, the Company announced the departure of Michael McCoy,
Executive Vice President and Chief Operating Officer and Dr. George Calhoun,
Senior Vice President of Strategic Marketing. Dr. Calhoun will remain on the
Company's Board of Directors with William Spier, Chairman, Richard T. Liebhaber
and Richard Krants.
Yesterday, the Company announced the filing, in the U.S. Bankruptcy Court
in Wilmington, Delaware, of voluntary petitions seeking protection under Chapter
11 of the Bankruptcy Code.
