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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
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CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report: September 3, 1998
MTI TECHNOLOGY CORPORATION
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(Exact Name of Registrant as Specified in its Charter)
Delaware
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(State or Other Jurisdiction of
Incorporation or Organization)
0-23418 95-3601802
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(Commission File Number) (I.R.S. Employer
Identification No.)
4905 E. La Palma Avenue
Anaheim, California 92807
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(Address of Principal Executive Offices) (Zip Code)
(714) 970-0300
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(Registrant's telephone number,
including area code)
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ITEM 5. OTHER EVENTS
The information set forth in the Registrant's news release dated September
3, 1998 is incorporated herein by reference.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits
99.1 Text of Press Release dated September 3, 1998.
2
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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.
MTI TECHNOLOGY CORPORATION
Date: September 14, 1998 /s/ Dale R. Boyd
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Dale R. Boyd
Chief Financial Officer
(Principal Financial Officer)
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INDEX TO EXHIBITS
Exhibit Description
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99.1 Text of Press Release dated September 3, 1998
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FOR IMMEDIATE RELEASE
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Media Relations Contact: Investor Relations Contact: PR Agency Contact:
Kevin J. Liebl Frank Yoshino Kari Garcia
Vice President, Marketing Treasurer Comm Strategies
714-693-2740 714-693-2775 949-753-9292
e-mail: [email protected] e-mail: [email protected] e-mail: [email protected]
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MTI TECHNOLOGY ANNOUNCES STOCKHOLDER LAWSUIT
ANAHEIM, Calif., Sept. 3, 1998 -- MTI Technology Corp. (Nasdaq:MTIC) announced
today that a class action complaint has been filed against the company and
certain officers, alleging violations of provisions of the Securities and
Exchange Act of 1934 and rules promulgated thereunder in connection with
certain statements made during the period from May 21, 1998 through June 9,
1998. The complaint, filed Aug. 26, 1998, in the U.S. District Court for the
Central District of California, Southern Division, alleges that the defendants
were aware of certain adverse information which they failed to disclose. The
complaint does not specify the amount of damages being sought. While the
complaint has yet to be served on the company, the company has obtained a copy
of the complaint from the court. The company believes that the lawsuit is
without merit and intends to defend the suit vigorously.
MTI's mission is to be the premier provider of high-performance,
cross-platform data storage management solutions for the enterprise. MTI
integrates distributed data management software, a hierarchy of modular storage
systems and on-site services to meet the mass storage needs of its customers.
Headquartered in Anaheim, Calif., the company offers services and support from
more than 40 offices in the U.S. and Europe. MTI may be reached by phone:
800-999-9MTI or 714-970-0300, fax: 714-693-2256 or e-mail: [email protected].
Information can also be accessed via MTI Online, the company's World Wide Web
server on the Internet at: http://www.mti.com.
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