-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, VCHJ3tctEdTLmnqT8MA8wm9IqntaRz74/Wbs7b5E2rhUZ290dFu59NPbybinuGL+ l6wqa3TIrzJKPk1XQmqjyA== 0000891092-04-005631.txt : 20041118 0000891092-04-005631.hdr.sgml : 20041118 20041118120249 ACCESSION NUMBER: 0000891092-04-005631 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041116 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041118 DATE AS OF CHANGE: 20041118 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COMDIAL CORP CENTRAL INDEX KEY: 0000230131 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 942443673 STATE OF INCORPORATION: DE FISCAL YEAR END: 0724 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-09023 FILM NUMBER: 041154159 BUSINESS ADDRESS: STREET 1: 106 CATTLEMEN ROAD STREET 2: . CITY: SARASOTA STATE: FL ZIP: 34232 BUSINESS PHONE: 941-554-5000 MAIL ADDRESS: STREET 1: 106 CATTLEMEN ROAD STREET 2: . CITY: SARASOTA STATE: FL ZIP: 34232 8-K 1 e19769_8k.txt FORM 8-K UNITED STATES 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): November 16, 2004 COMDIAL CORPORATION ------------------- (Exact name of registrant as specified in its charter) Delaware 0-9023 94-2443673 - ---------------------------- ------ ---------- (State or other jurisdiction (Commission (IRS Employer of incorporation) File Number) Identification No.) 106 Cattlemen Road Sarasota, Florida 34232 ----------------- ----- (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (941) 554-5000 Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [_] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [_] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [_] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 5.02. Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers On November 18, 2004, Comdial Corporation announced that Travis L. Provow, Director, has resigned from the Company's Board of Directors effective November 16, 2004. Mr. Provow will be succeeded by Inder Tallur. A copy of the press release is furnished herewith as Exhibit 99.1. Item 9.01. Financial Statements and Exhibits (c) Exhibits Exhibit Number Description - -------------- ----------- 99.1 Press Release issued by Comdial Corporation on November 18, 2004 reporting director resignation and succession. The information in this Form 8-K, including the accompanying exhibit, shall not be deemed "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liability of such section, nor shall such information be deemed incorporated by reference into any filing pursuant to the Securities Act of 1933, as amended, or the Exchange Act, except as otherwise expressly stated in such a filing. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this Report to be signed on its behalf by the undersigned thereunto duly authorized. COMDIAL CORPORATION By: /s/ Kenneth M. Clinebell ------------------------- Kenneth M. Clinebell Chief Operating Officer Chief Financial Officer and Senior Vice President Dated: November 18, 2004 EXHIBIT INDEX Exhibit Number Description - -------------- ----------- 99.1 Press Release issued by Comdial Corporation on November 18, 2004 reporting Director resignation and succession. 2 EX-99.1 2 e19769ex99_1.txt PRESS RELEASE Exhibit 99.1 Comdial Announces New Member of Board of Directors SARASOTA, Fla., Nov. 18 /PRNewswire-FirstCall/ -- Comdial Corporation (OTC Bulletin Board: CMDZ), a leading provider of communications solutions for small and midsize enterprises, today announced that Inder Tallur has joined the Company's board of directors and will serve on the board's governance committee. "We are extremely pleased to announce Inder's appointment to the board of directors," said Neil Lichtman, president and chief executive officer. "Inder's experience in the telecommunication and computing industries brings additional market knowledge to the board as we continue our focus on the IP telephony marketplace." Mr. Tallur is a partner of ComVest Investment Partners and was previously the Director of Research for Commonwealth Associates, an investment banking firm, where he was responsible for reviewing investment opportunities in the telecommunications and technology markets. The Company also announced Lee Provow's resignation from the Company's board of directors to allow him to focus more time on his role as President of Xpedite, a subsidiary of Ptek Holdings, Inc. (Nasdaq: PTEK), a leading provider of innovative business, data and group communications services. "I would like to thank Lee for his services to the Company, its employees and shareholders," stated Neil Lichtman, president and chief executive officer. "Lee's contributions to Comdial during the past two years were significant and greatly appreciated." About Comdial Comdial is a converged voice and data communications solutions provider with over 25 years of long-standing success as a leading brand. Focused on superior customer service and reliable communications solutions, Comdial is dedicated to producing best-in-class small to mid-sized enterprise communications products. Through innovative technology and flexibility, Comdial provides comprehensive Internet Protocol (IP) communications solutions tailored to meet each customer's evolving business needs. For more information about Comdial and its communications solutions, please visit the Comdial web site at http://www.comdial.com . Forward-Looking Statements This press release contains statements that may constitute "forward- looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Investors and prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, including Comdial Corporation's ability to obtain additional funding for its business should such funding become necessary, its ability to maintain market share and to grow in a very competitive market, its ability to develop technologically advanced products to keep pace with many competitors that are much larger and have significantly more resources than Comdial, market acceptance of new products it develops, lower than anticipated demand brought about by continued weakness in telecommunications spending, risk of dilution of the Company's stock from private placement investments including the financing that was completed in March 2004 and from the private placement that was completed in 2002, as well as any other private investments or public offerings that may occur from time to time, dependence on a relatively small number of large customers, ability to maintain necessary engineering, sales, marketing and other key staff members, the risks associated with the outsourcing of its manufacturing requirements, including international risk factors, its ability to achieve its operational goals and to generate positive cash flow, any unfavorable outcome of pending disputes or litigation, including, but not limited to intellectual property infringement claims that arise from time to time and the various other factors set forth from time to time in Comdial's filings with the SEC, including, but not limited to, Comdial's Form 10-K for the year ended December 31, 2003. Comdial Corporation undertakes no obligation to publicly update or revise the forward-looking statements made in this release to reflect events or circumstances after the date of this press release or to reflect the occurrence of unanticipated events. SOURCE Comdial Corporation -0- 11/18/2004 /CONTACT: Ken Clinebell, Chief Financial Officer of Comdial Corporation, +1-941-554-5000, ext. 1513/ /Web site: http://www.comdial.com / (CMDZ PTEK) CO: Comdial Corporation; ComVest Investment Partners; Ptek Holdings, Inc. ST: Florida IN: OTC CPR TLS FIN SU: PER -----END PRIVACY-ENHANCED MESSAGE-----