UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 and 15(d)
of the Securities Exchange Act of 1934
July 21, 1997
Date of Report (Date of earliest event reported)
SA TELECOMMUNICATIONS, INC.
Exact Name of Registrant as Specified in its Charter)
Delaware 0-18048 75-2258519
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
1600 Promenade Center, 15th Floor
Richardson, TX 75080
(Address of Principal Executive Offices) (Zip Code)
(972) 690-5888
(Registrant's Telephone Number, Including Area Code)
_________________________
(Former Name or Former Address, if Changed Since Last Report)
<PAGE>
ITEM 5. OTHER EVENTS.
SA Telecommunications, Inc. issued the press release which is
attached as Exhibit 20.1 hereto on July 21, 1997, which press
release is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND
EXHIBITS.
(c) Exhibits.
Exhibit No. Document Description
20.1* Press Release of SA Telecommunications, Inc.
dated July 21, 1997
___________
*Filed herewith
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of
1934, as amended, the Registrant has duly caused this report to be
signed on its behalf by the undersigned hereunto duly authorized.
SA TELECOMMUNICATIONS, INC.
DATE: July 22, 1997 BY: /s/ J. DAVID DARNELL
-------------------------
J. David Darnell
Vice President-Finance and
Chief Financial Officer
<PAGE>
EXHIBIT INDEX
EXHIBIT NO. DOCUMENT DESCRIPTION
20.1* Press Release of SA Telecommunications, Inc.
dated July 21, 1997
___________
*Filed herewith
SA TELECOMMUNICATIONS, INC.
Contact: Howard F. Curd
Chairman of the Board of
Directors
(972) 690-5888
FOR IMMEDIATE RELEASE
SA TELECOMMUNICATIONS
ANNOUNCES MANAGEMENT CHANGES
Dallas, Texas, July 21, 1997 -- SA Telecommunications, Inc.
(Nasdaq-STEL) today announced the resignation of Jack W. Matz,
Jr. as Chairman and Chief Executive Officer of the Company and
the election of Howard F. Curd as Chairman of the Board of
Directors. Mr. Matz will continue as a director of the Company
and will serve as a consultant to the Company.
During the past two weeks, John H. Nugent replaced Paul R. Miller
as the Interim President and Chief Operating Officer, and John Q.
Ebert resigned as a director of the Company. Mr. Nugent, a
director of the Company since July 1995, was elected as a Vice
President of the Company in September 1996.
Mr. Curd has served as a director of SA Telecommunications since
September 1995. Mr Curd also serves as Chief Executive Officer
and director of Jesup & Lamont Capital Holdings, Inc., a
diversified financial holding company, and serves as an officer
and director of its two operating subsidiaries. In addition, Mr.
Curd is a director of EMCORE Corporation, a publicly held
compound semiconductor technology and equipment manufacturing
company.
Mr. Curd stated "Over the past four years, SA Telecommunications
revenues have grown from approximately $0.7 million in 1992 to
$35.7 million in 1996. Although revenue growth is and will
continue to be important, I believe the current management team
we have in place will concentrate on costs, operations and
integration of our network."
SA Telecommunications, Inc. provides a full range of
telecommunications services including: 1+, 800/888, dedicated
services, travel and debit cards, wireless services and
conference calling. The Company provides the majority of its
services over its switching and transmission facilities on the
regional network in the contiguous regions of the west, southwest
and south central states. For further information, please visit
SA Telecommunications' Internet home page at
http://www.satele.com.
THIS PRESS RELEASE CONTAINS FORWARD-LOOKING STATEMENTS AND AS
SUCH INVOLVE KNOWN AND UNKNOWN RISKS AND UNCERTAINTIES AND OTHER
FACTORS THAT MAY CAUSE THE ACTUAL RESULTS, PERFORMANCE OR
ACHIEVEMENTS OF THE COMPANY TO BE MATERIALLY DIFFERENT FROM THOSE
EXPRESSED OR IMPLIED BY SUCH FORWARD-LOOKING STATEMENTS. SOME OF
THE FACTORS THAT MAY CAUSE SUCH MATERIAL DIFFERENCES ARE SET
FORTH AS RISK FACTORS DETAILED FROM TIME TO TIME IN THE COMPANY'S
PERIODIC REPORTS AND REGISTRATION STATEMENTS FILED WITH THE
SECURITIES AND EXCHANGE COMMISSION.
