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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): May 13, 1997
TELEGEN CORPORATION
(Exact name of registrant as specified in its charter)
California 14836 84-067214
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(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification No.)
101 Saginaw Drive
Redwood City, California 94063
(Address of principal executive offices)
(415) 261-9400
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS
In a press release dated May 13, 1997, the Registrant announced the
resignation of G. Frederick Forsyth from his position as President and Chief
Executive Officer of the Registrant's 90 percent-owned subsidiary, Telegen
Display Laboratories, Inc., effective immediately. Jessica L. Stevens, the
Registrant's President and Chief Executive Officer said that Mr. Forsyth and the
Registrant's management differed on projected manufacturing schedules. Ms.
Stevens said that the Registrant has scheduled re-interviews with other highly
qualified candidates for the position beginning early next week.
Mr. Forsyth joined Telegen Display Laboratories, Inc. at the beginning of
May. According to Ms. Stevens, the Company's current schedule is to bring its
first flat-panel display products to the commercial market before the end of
1998. Mr. Forsyth found this schedule aggressive, and resigned when the
Company declined to delay its product introductions to fit a more deliberate
manufacturing ramp.
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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.
TELEGEN CORPORATION
Dated: May 19, 1997 By: /s/ Warren M. Dillard
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Warren M. Dillard,
Chief Financial Officer
