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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): January 31, 1997
Netrix Corporation
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(Exact name of registrant as specified in its charter)
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<S> <C> <C>
Delaware 0-50464 54-1345159
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(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification No.)
incorporation)
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13595 Dulles Technology Drive, Herndon, Virginia 22071
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (703) 742-6000
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ITEM 5 OTHER EVENTS
On January 31, 1997, Netrix Corporation (the "Company") announced that
Chuck Stein, the Company's president and CEO since 1987, has been named
Chairman of the Board. Lynn Chapman, Vice President and General Manager of the
Company's Enterprise Networking Business who has been with the Company since
1992, has been named President, Chief Executive Officer and a director of the
Company.
ITEM 7 EXHIBITS
99. Press Release dated January 31, 1997
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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.
NETRIX CORPORATION
Date: January 31, 1997 By: /s/ Robert Carroll
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Robert Carroll
Vice President, Finance
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Exhibit 99 - Press Release dated
January 31, 1997
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Herndon, VA--January 31, 1997 -- NETRIX Corporation (Nasdaq: NTRX)
announced today that Lynn Chapman has been named President, CEO, and a director
of the company. Chuck Stein, the company's president and CEO since 1987, has
been named Chairman of the Board. Stein said, "This promotion reflects
NETRIX's increasing confidence in the growth of our voice and data products,
and the impact that those products can have in the rapidly growing multiservice
frame relay and ATM enterprise network market." Stein continued, "Lynn's
experience leading our enterprise networking business last year make him
ideally suited to play a stronger role in the company as this business
expands."
Chapman has been the with company since 1992, serving in a variety of
executive positions. In his most recent role as Vice President and General
Manager of the Company's Enterprise Networking Business, Chapman has been
responsible for the sales, engineering and marketing efforts for the company's
wide area network products. The company will announce a major new product in
this area, and significant enhancements to its Voice over Frame Relay products
next week at the industry trade show ComNet. Stein said that NETRIX's new
products have received a warm reception in the marketplace during recent market
trials.
NETRIX Corporation manufacturers and markets products for public network
access, Internet service provisioning, and enterprise networks. NETRIX
products unify voice, data and image applications over the diverse and
ever-changing array of communication services. Combining patented, switched,
compressed-voice technology and advanced networking capabilities, NETRIX
delivers networking solutions that achieve substantial operational savings and
improved bottom-line network performance.
NETRIX's customers encompass a broad array of industries worldwide,
including financial services companies, major corporations, public network
operators, government agencies, and Internet service providers. Traded on the
NASDAQ National Market (Stock symbol NTRX), NETRIX sells to end users and
service providers in over 60 countries worldwide. Corporate headquarters are
located at 13595 Dulles Technology Drive, Herndon, Virginia 20171. Phone:
703/742-6000 or 800/949-2737; Fax: 703/742-4048; Internet:
http://www.netrix.com.
Forward looking statements are made in this release pursuant to the safe
harbor provisions of the Private Securities Litigation Reform Act of 1995.
Investors are cautioned that all forward looking statements are subject to
risks and uncertainties, including, without limitation, the timing of new
announcements or introductions by the Company and its competitors, the hiring
and retention of key employees, competitive pricing pressures, dependence on
third party for components and products, general economic conditions in the
United States and international markets and the risk factors detailed from time
to time in the Company's periodic reports and registration statements filed
with the Securities and Exchange Commission.
