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):
June 22, 1998
MICRON ELECTRONICS, INC.
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(Exact name of registrant as specified in its charter)
Minnesota
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(State or other jurisdiction of incorporation)
0-17932 41-1404301
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(Commission File No) (IRS Employer
Identification Number)
900 E. Karcher Road
Nampa, Idaho 83687
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(Address of principal executive offices)
(208) 898-3434
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(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS.
See the following press release, dated June 22, 1998,
announcing certain changes in the officers of the Company:
Joel Kocher Elected Micron Electronics CEO and Chairman;
Daltoso Retires
June 22, 1998, Nampa, Idaho Micron Electronics, Inc. (Nasdaq:
MUEI), announced today that its Board of Directors has elected Joel
J. Kocher to the position of chief executive officer and chairman
of the board. Kocher, 42, Micron's president and chief operating
officer since January, succeeds Joseph M. Daltoso, 36, who will
provide consulting services to the company for an indefinite
period of time to ensure a smooth transition.
"Joel's experience in the PC industry, and particularly his deep
understanding of the direct model, has already proven vital to
re-establishing Micron's competitiveness. In a very short period
of time as president and COO, he's made a great impact on the
company," said Daltoso. "Consistent with our plans from the time
Joel joined Micron, Joel is the clear choice to lead Micron
Electronics in our next phase of growth." Kocher will continue to
serve as president for the company in addition to his new role as
CEO and chairman.
"Under Joe's leadership, Micron grew to a $2 billion company and
the number three direct vendor recognized for its superior products
and service," said Steve Appleton, member of the board of directors
of Micron Electronics, Inc. and chairman of Micron Technology, Inc.
"On behalf of the employees of Micron Technology and Micron
Electronics, as well as both boards, I would like to recognize
Joe's 13 years of outstanding service to our companies and
extend our sincere appreciation and gratitude. We wish him the
very best in retirement."
Kocher has nearly twenty years of experience in the PC industry.
From 1987 to 1994, he worked for Dell Computer in a number of senior
management roles, last serving as the president of worldwide marketing,
sales and service. He played a key role in both architecting and
managing Dell's growth from $100 million in sales in 1987 to more
than $3.6 billion by late 1994. Kocher is credited with building
Dell's successful direct sales and marketing engine as well as
focusing the company on the corporate market. Kocher was most
recently president and COO of Power Computing, the first and
largest manufacturer of Macintosh OS compatible systems.
Daltoso served as chairman and chief executive officer of Micron
Electronics, Inc., since its inception in April 1995. Under his
leadership, Micron Electronics grew to become the third largest
provider of PC systems in the U.S. direct sales channel and the
ninth largest in the U.S. overall.
Micron Electronics, Inc. (Nasdaq: MUEI), a recognized industry
leader and direct vendor known for its award-winning products
and services, develops, manufactures and markets high-performance,
competitively priced computing solutions to consumers, small
businesses, commercial and public sector buyers. Its superior
customer service and toll-free technical support is available to
customers 24 hours a day, seven days a week. Micron offers
value and convenience through direct sales via the Internet
(www.micronpc.com), by phone (1-800-249-1179) or by fax (208-893-
7240). SpecTek, a division of Micron Electronics, Inc., processes
and markets various grades of DRAM products under the SpecTek brand name.
Micron Electronics, Inc. is majority owned by Micron Technology, Inc.
Certain forward-looking statements contained in this press
release, including the statement regarding the officer transition,
are being provided in reliance upon the "safe harbor" provisions of
the Private Securities Litigation Reform Act of 1995 and are based
on current management expectations. Factors that could cause actual
results to differ from results discussed in the forward-looking
statements include, but are not limited to, the following:
general economic conditions, competition, overall product demand
and shifts in demand, changes in technology, and other risks
disclosed in the Company's filings with the Securities and Exchange
Commission.
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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.
MICRON ELECTRONICS, INC.
Date: June 23, 1998 By /s/ T. Erik Oaas
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T. Erik Oaas
Executive Vice President, Finance and
Chief Financial Officer
