<PAGE>1
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): May 13, 1997
DAISYTEK INTERNATIONAL CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 0-25400 75-2421746
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification
incorporation) Number)
500 North Central Expressway, Plano, TX 75074
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (972) 881-4700
None
(Former name or former address, if changed since last report)
<PAGE>2
Item 5. Other Events
On May 13, 1997, the Registrant issued the press release filed
herewith as Exhibit 99.
Item 7. Financial Statements and Exhibits
(a) Financial statements of business acquired
Not applicable
(b) Pro forma financial information
Not applicable
(c) Exhibits
99. Press Release dated May 13, 1997.
<PAGE>3
SIGNATURE
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.
DAISYTEK INTERNATIONAL CORPORATION
Dated: May 13, 1997 By: /s/ THOMAS J. MADDEN
Thomas J. Madden
Chief Financial Officer
<PAGE>4
INDEX TO EXHIBITS
Exhibit Page
No. Exhibit Number
99. Press Release dated May 13, 1997 5
<PAGE>5
MEDIA CONTACTS: Reba Reid
Edelman Worldwide
214/520-3555
[email protected]
MARK LAYTON NAMED CEO OF DAISYTEK INTERNATIONAL
Daisytek Recognizes Executive for Corporate Growth
PLANO, Texas (May 13, 1997) -- Daisytek International
Corporation (NASDAQ: DZTK) announced today that Mark Layton
has been named the chief executive officer of the company.
Layton will continue to hold the position of the company's
president and chief operating officer. In his new position,
Layton will continue to direct the overall operations,
growth and development for Daisytek, the leading wholesale
distributor of computer and office automation supplies and
accessories.
"I am proud to appoint Mark as CEO of our company, "
said David Heap, chairman of the board and previous chief
executive officer. "His insight, industry expertise and
management style have driven the growth of Daisytek. Mark
deserves high recognition for the company's success and
established reputation for implementing leading edge
practices. Mark will continue to drive Daisytek's four
strategic objectives, including: a continued focus on the
rapidly expanding consumable supplies market, further the
implementation of innovative technological tools, expand
internationally, and promote the company's distribution and
telemarketing expertise to capitalize on the national trend
towards outsourcing."
Layton succeeds David Heap, chairman of the board and
chief executive officer since Heap purchased the company in
1982. Heap will continue to act as chairman of the
board.
-- more --
<PAGE>6
Layton Named CEO of Daisytek
Page Two
Layton joined Daisytek in 1988 as vice president of
operations and director and was appointed executive vice
president in 1990. He was named president, chief operating
officer and chief financial officer in 1993. Prior to
joining Daisytek, Layton was a management consultant for
Andersen Consulting, specializing in wholesale and retail
distribution and technology.
Layton is a recognized leader in the utilization of
technology in business. His leadership, broad-based
financial skills and years of practical management
experience have proven him to be one of the top executives
in the distribution industry today. Layton frequently speaks
on issues related to distribution efficiency, technology
trends and financial management.
Layton graduated in 1981 from Northern Arizona
University with a bachelor of science degree in business and
management information systems. He lives with his wife,
Cherie, and three children in Allen, Texas.
Daisytek is a leading wholesale distributor of computer
and office automation supplies and accessories, serving
approximately 24,000 customer locations in North America and
overseas. Through its strategic alliance with Federal
Express, Daisytek distributes in excess of 8,000 products
from more than 150 manufacturers via next business day
delivery throughout North America. Leading manufacturers
Daisytek represents include Hewlett-Packard, Kodak, IBM,
Apple, Okidata, Lexmark, Imation, Xerox, Sony, Panasonic,
Canon, Epson and Digital Equipment Corporation. You can
find more information about Daisytek at
http://www.daisytek.com.
# # #
