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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
__________________________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
JANUARY 2, 1998
Date of report (Date of earliest event reported)
TELIDENT, INC.
(Exact Name of Registrant as Specified in Charter)
MINNESOTA 000-20887 41-1533060
(State or Other (Commission (IRS Employer
Jurisdiction File Number) Identification Number)
of Incorporation)
ONE MAIN STREET S.E., SUITE 85
MINNEAPOLIS, MINNESOTA 55414
(Address of Principal Executive Offices, including Zip Code)
(612) 623-0911
(Registrant's Telephone Number, including Area Code)
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ITEM 5 OTHER EVENTS
Reference is made to the press release issued to the public by the
Registration on January 2, 1998, and attached hereto as an exhibit.
ITEM 7 FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(c) Exhibits
99 - Press Release dated January 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 on January 2, 1998.
TELIDENT, INC.
By: /s/ W. Edward McConaghay
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W. Edward McConaghay, President and
CEO (Principal Executive Officer)
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EXHIBIT INDEX
EXHIBIT
NUMBER DESCRIPTION
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99 Press Release dated January 2, 1998
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EXHIBIT 99
FOR IMMEDIATE RELEASE
Contact: W. Edward McConaghay, (612) 617-2737
Mark W. Sheffert, (612) 338-4722
TELIDENT ANNOUNCES REVERSE STOCK SPLIT
MINNEAPOLIS, MINN., JANUARY 2, 1998-- Telident, Inc. (NASDAQ: TLDT) today
announced a one-for-four reverse stock split effective January 13, 1998, as its
next step in a series of transactions designed to strengthen Telident's
financial position. In July of 1997, Telident raised $1.25 million of equity
through a private placement of its stock. By reducing its outstanding shares of
stock, Telident will be better prepared for additional equity capital which may
be required in early 1998 to meet the new NASDAQ SmallCap stock market listing
requirements, and for the working capital required for continued expansion
through internal growth or possible acquisitions.
"This new transaction continues the restructuring program begun earlier in
1997 and prepares it for the new NASDAQ listing criteria. Telident has strong
management, a great market franchise, and potential access to capital through
public markets. It is now time to shift into the next phase of our plan by
leveraging these assets as we identify potential merger partners that can
accelerate the implementation of our entry into the broader telecommunications
market," said Mark Sheffert, Chairman of the Board of Directors.
"It is time to turn our attention to additional strategic opportunities in
telecommunications database management through its 911 emergency products and
services. We plan to meet our customers' increasing needs for comprehensive
database management software applications and services not only through internal
product development, but also through alliances and/or mergers with key
telecommunications software developers," said W. Edward McConaghay, president
and chief executive officer.
Based in Minneapolis, Minn., Telident, Inc. (www.telident.com) designs,
manufacturers and markets proprietary hardware and software systems for
providing the
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exact location of a 911 telephone call within a private branch exchange system
to emergency dispatchers, thus improving response times and enhancing safety.
In addition, the company manufactures and markets network hardware that provides
switching, selective routing and data interfacing capabilities to public and
private telephone networks and government agencies, as well as a variety of
emergency information management systems.
Except for historical financial information, the information contained in
this news release is forward-looking and subject to certain risks as described
in the company's filings with the Securities and Exchange Commission, including
the company's Form 10-KSB for the fiscal year ended June 30, 1997, and Form
10-QSB for the quarter ended September 30, 1997.
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