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UNITED STATES
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
Date of Report (Date of earliest event reported): December 20, 1999
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TCSI Corporation
(Exact name of registrant as specified in its charter)
Nevada 0-19377 68-0140975
(State of incorporation) (Commission (IRS Employer
File Number) Identification No.)
1080 Marina Village Parkway, Alameda CA 94501-1046
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (510) 749-8500
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Item 5. Other Events.
On December 17, 1999, the Board of Directors of the TCSI Corporation
accepted the resignation of Dr. Ram A. Banin, the Company's President and Chief
Executive Officer and a member of the Board. The Board named Dr. Norman E.
Friedmann, a member of the Company's Board of Directors, as interim President
and Chief Executive Officer. The search for a permanent President and Chief
Executive Officer will commence immediately.
Item 7. Financial Statements and Exhibits.
Financial Statements
None.
Exhibits
Company Press Release dated December 20, 1999.
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.
TCSI Corporation
By: /s/ Arthur Wilder
Arthur H. Wilder
Chief Financial Officer, Secretary and Treasurer
(Principal Financial Officer and Principal
Accounting Officer)
Date: December 23, 1999
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FOR IMMEDIATE RELEASE
For additional information contact:
Leigh Salvo
TCSI Corporation, +1 510-749-8653
[email protected]
TCSI Announces Chief Executive Officer Changes
ALAMEDA, CA - December 20, 1999 - TCSI Corporation announced today that the
Board of Directors has named Norman E. Friedmann, Ph.D., a Director of TCSI
since 1998, as interim President and Chief Executive Officer. He will fill
vacancies in these positions resulting from the resignation of Ram Banin, Ph.D.,
effective December 17, 1999. The Company announced that it would commence a
search for a permanent Chief Executive Officer immediately.
Since its founding in 1990, Friedmann has managed Friedmann Enterprises, which
provides investment capital and management expertise to early stage Internet
technology companies. Concurrent with his responsibilities at Friedmann
Enterprises, he served as Executive Vice President and Chief Operating Officer
of Herbalife International, Inc. from 1992 to 1995. Previously, Friedmann served
as President, Chief Executive Officer, and member of the Board of Directors of
Daisy Systems from 1987 to 1989. Daisy Systems provided computer aided
engineering and design software for integrated circuit design and printed
circuit board layout. Previously, Friedmann served as President, Chief Executive
Officer, and Chairman of the Board of Cordura Corporation, a company he founded
in 1965. Cordura Corporation developed software systems for compiling and
distributing on-line databases in the automotive insurance and healthcare
industries. Friedmann serves on the Board of Governors of UCLA and is the
founder and donor of the Friedmann Chair in Knowledge Sciences at UCLA.
Friedmann, on behalf of the Board of Directors, stated, "We greatly appreciate
Ram's contributions during his seven and a half years with TCSI. He was
instrumental in guiding the Company's focus to telecom software products. We
wish him the best."
About TCSI Corporation
TCSI is a leading provider of integrated software products and services for the
global telecom industry. A recognized innovator in component-based applications
technology, TCSI products and services enable telecom service providers,
equipment manufacturers, and systems integrators to rapidly meet the growing
demand for automated management of a wide range of networks and services. The
Company offers SolutionCore(R), a telecom applications development and
deployment platform, SolutionSuites(R), sets of packaged, highly-configurable
OSS applications, and SolutionServices(tm), specialized OSS related consulting
services. TCSI serves its customers in offices throughout North America, Europe,
and the Pacific Rim. TCSI is located at 1080 Marina Village Parkway, Alameda,
CA, 94501, +1 510-749-8500, fax: +1 510-749-8700, http://www.tcsi.com
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