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 12, 1996
XEROGRAPHIC LASER IMAGES CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 1-11236 51-0319174
(State or other jurisdiction (Commission (I.R.S.
of incorporation) file number) Ident. no.)
101 Billerica Avenue, 5 Billerica Park
North Billerica, MA 01862
(Address of principal executive offices)
(508) 670-5999
(Registrant's telephone, number
including area code)
Information to be included in the Report
Item 1. Change in Control of Registrant.
Not applicable.
Item 2. Acquisition or Disposition of Assets.
Not applicable.
Item 3. Bankruptcy or Receivership.
Not applicable.
Item 4. Changes in Registrant's Certifying Accountant.
Not applicable.
Item 5. Other Information.
Xionics Document Technologies Inc. ("Xionics" or the "Company"),
(NASDAQ: Xion), Burlington, MA and Xerographic Laser Images Corporation
("XLI", (NASDAQ Bulletin Board: XLCC) North Billerica, MA announced on
December 12, 1996 that the companies have terminated their Memorandum of
Understanding for Xionics to acquire XLI. The two companies expect to
maintain a strong relationship. Xionics has licensed XLI's resolution
enhancement technology, as previously announced, and XLI has committed
support and engineering services to assist Xionics in the integration
of this technology into Xionics' family of image processors.
Item 6. Resignations of Registrant's Directors.
Not applicable.
Item 7. Financial Statements and Exhibits.
(1) Press Release.
Item 8. Change in Fiscal Year.
Not applicable.
Signatures
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Company has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
Xerographic Laser Images Corporation
(Registrant)
Date: December 12, 1996 By: /s/ James L. Salerno
James L. Salerno, Principal
Financial and Accounting
Officer
Press Release
Xionics and XLI Discontinue Acquisition Plans
Xionics Document Technologies Inc. ("Xionics" or the "Company"),
(NASDAQ:XION) and Xerographic Laser Images Corporation ("XLI"),
(NASDAQ Bulletin Board: XLCC) recently announced that they had signed a
memorandum of understanding for Xionics to acquire XLI for stock and cash
totaling approximately $5.2 million.
Xionics and XLI announced today that, after further discussions, they have
amicably agreed that Xionics' interests would be best served by XLI remaining
an independent technology developer. Accordingly, Xionics and XLI have
terminated their memorandum of understanding and will not proceed with the
acquisition. However, the two companies expect to maintain a strong
relationship. Xionics has licensed XLI's resolution enhancement technology,
as previously announced, and XLI has committed support and engineering
services to assist Xionics in the integration of this technology into
Xionics' XipChip family of image processors.
XLI develops hardware and software products that produce enhanced resolution
output from printers, digital copiers, scanners and fax systems.
The company's corporate headquarters is based in Billerica, MA.
Xionics is a leading developer of innovative silicon and software for
printing, scanning, copying, processing and transmitting paper documents to
computer peripherals. Xionics partners with industry's leading original
equipment manufacturers to develop peripherals that provide the performance,
output quality and network connectivity for today's office computing market.
Xionics also markets, through a worldwide distribution channel, board-level
image printing, scanning and viewing acceleration products for production
document imaging applications. The company's corporate headquarters is
based in Burlington, MA with offices in Japan, Germany and
the United Kingdom.
