<PAGE>
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 17, 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 (I.R.S. Employer
of incorporation) Number) 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
On January 17, 1997, Telegen Corporation, a California corporation (the
"Company") announced in a Press Release, which is attached hereto as Exhibit
99.1, that the Company is implementing a major augmentation of its operating
management team. Jessica L. Stevens, President and a director of the Company,
is moving back into the Company's research and development laboratories to
oversee the completion and commercialization of the Company's new technologies.
Her control over the day to day operations of two of the Company's subsidiaries,
Telegen Communications Corporation ("TCC") and Telegen Display Labs, Inc.
("TDL") has been temporarily assigned while the Company has engaged an
international search firm to fill the two positions being vacated by Ms.
Stevens. Daniel Kitchen will continue in his role as President of the Company's
Morning Star Multimedia, Inc. subsidiary. Warren Dillard, the Company's Chief
Operating Officer and Chief Financial Officer, is assuming interim day-to-day
control of TCC effective immediately and W. Edward Naugler is immediately
assuming interim day-to-day operating leadership of TDL. Upon the Company's
permanently filling the interim positions of President of TCC and TDL, all
three subsidiary Presidents will report to Warren Dillard.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) Exhibits.
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99.1 Press Release dated January 17, 1997.
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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: January 17, 1997 By: /s/ Warren M. Dillard
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Warren M. Dillard,
Chief Financial Officer
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TELEGEN CORPORATION
CURRENT REPORT ON FORM 8-K
INDEX TO EXHIBITS
Exhibit No. Description
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99.1 Press Release dated January 17, 1997.
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STEVENS TO DEVOTE FULL TIME
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TO R&D FOR NEW TECHNOLOGIES
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TELEGEN TO EXPAND OPERATING
MANAGEMENT TEAM
REDWOOD CITY, CA (January 17, 1997)....Telegen Corporation (Nasdaq: TLGN)
announced today that is is implementing, as part of its 1997 strategic plan, a
major augmentation of its operating management team. According to the
announcement by Telegen Corporation President and CEO Jessica L. Stevens, the
Company has engaged a large international executive search firm to fill two key
operating positions being vacated by Stevens. The positions to be filled are
President of Telegen Display Laboratories, Inc. (the Company's flat panel
display operation), and President of Telegen Communications Corporation, its
telecom products subsidiary. Stevens said that Daniel Kitchen will continue as
President of the Company's Morning Star Multimedia, Inc. subsidiary. She said
that several candidates for the positions have already been interviewed, and
that both new executives should be on board within 90 days. All three subsidiary
Presidents will report to Telegen Corporation Chief Operating Officer & CFO
Warren M. Dillard.
Stevens commented, "My role as both entrepreneur and business executive has
been reducing the time and energy I have to spend in the lab--which is both my
first love and the company's critical path. We have a number of new technologies
that are nearing the completion stage and it is imperative for me to be back in
the lab overseeing development.
MORE-MORE-MORE
<PAGE>
TELEGEN OPERATING MANAGEMENT
Page 2-2-2
My first priority is to ensure the timely completion and commercialization of
our full-color flat panel displays, which will range in size from 5 to 21
inches."
Stevens said that in addition to his duties as Chief Operating Officer and
CFO of Telegen Corporation, Warren Dillard is assuming interim day-to-day
control of Telegen Communications Corporation, effective immediately. W. Edward
(Ted) Naugler is also immediately assuming interim day-to-day operating
leadership of Telegen Display Laboratories.
Telegen Corporation is a diversified, high technology company with products
available and under development for flat panel display, telecommunications
multimedia/entertainment and Internet markets. The Company's subsidiaries and
divisions include: Telegen Display Laboratories, Inc., which has developed a
low-cost flat panel display technology to compete with other types of flat panel
displays; Telegen Communications Corporations, which manufactures and markets a
line of intelligent telecommunications products for the small office/home office
markets, as well as Internet products and other technologies; Morning Star
Multimedia, Inc., a creator of interactive CD-ROM edutainment, infotainment and
entertainment programs and software; and Telegen Laboratories, which creates new
products and technologies.
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