8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 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 29, 2008

IKON Office Solutions, Inc.

(Exact name of registrant as specified in its charter)

OHIO	File No. 1-5964	23-0334400
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification Number)

70 Valley Stream Parkway, Malvern, Pennsylvania     19355

Registrant’s telephone number, including area code: (610) 296-8000

Not Applicable

(Former name or former address, if changed since last report)

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:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.04 Triggering Events That Accelerate or Increase a Direct Financial Obligation or an Obligation Under Off-Balance Sheet Arrangement.

On May 29, 2008, IKON Office Solutions, Inc. (the “Company”) directed The Bank of New York, as Trustee, and in the name of and at the expense of the Company, to provide notice to holders of the Company’s Senior Unsecured Floating Rates Notes due 2012 (the “Notes”), of the Company’s election to redeem the remaining $100,000,000 in aggregate principal amount of the Notes at the redemption price of 100.00% of the principal amount of the Notes (the “Redemption”) redeemed on June 30, 2008 (the “Redemption Date”), in accordance with the terms of the indenture governing the Notes. Holders of the redeemed Notes will also receive accrued and unpaid interest up to, but not including, the Redemption Date. The Company intends to use available cash to fund the Redemption. The aggregate principal amount of Notes issued and outstanding was $100,000,000 following the Company’s partial redemption of $50,000,000 in aggregate principal amount on May 7, 2008 (the “Partial Redemption”) and, accordingly, there will be no remaining issued and outstanding Notes following the Redemption.

The description set forth above is qualified in its entirety by reference to the Notice of Redemption, a copy of which is filed herewith as Exhibit 99.1.

Item 8.01 Other Events.

On May 29, 2008, the Company issued a press release announcing its election to redeem the remaining $100,000,000 in aggregate principal amount of the Notes at the redemption price of 100.00% of the principal amount of the Notes redeemed on the Redemption Date, in accordance with the terms of the indenture governing the Notes. The Company also stated that, as a result of the Partial Redemption and the Redemption, it will incur an approximate $5.7 million loss on early extinguishment of debt in the third quarter of fiscal 2008, ending June 30, 2008. A copy of this press release is furnished herewith as Exhibit 99.2.

Item 9.01 Financial Statements and Exhibits.

The following exhibits shall be deemed to be filed or furnished, depending on the relevant item requiring such exhibits, in accordance with the provisions of Item 601 of Regulation S-K.

Exhibit No.		Description
	99.1	Notice of Partial Redemption dated May 29, 2008.
	99.2	Press Release dated May 29, 2008.

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.

IKON OFFICE SOLUTIONS, INC.
By:	/s/ Mark A. Hershey
	Mark A. Hershey
	Senior Vice President, General Counsel and Secretary

Dated: May 29, 2008

EX-99.1

Exhibit 99.1

NOTICE OF REDEMPTION

To the Holders of the IKON Office Solutions, Inc.
$150,000,000 Senior Unsecured Floating Rate Notes due 2012

*Cusip Numbers 451713AF8 and U45045AB4
Redemption Price: 100%
Total Amount Called $100,000,000

     NOTICE IS HEREBY GIVEN that, pursuant to Section 3.07 of the Indenture dated as of December 20, 2007, by and between IKON Office Solutions, Inc. (the “Company”) and The Bank of New York, as trustee, relating to the Company’s Senior Unsecured Floating Rates Notes due 2012 (the “Notes”), the Company has elected to redeem $100,000,000 in aggregate principal amount of the Notes, being all of the remaining outstanding Notes, on June 30, 2008 (the “Redemption Date”), at the redemption price of 100% of the principal amount of Notes redeemed, together with accrued and unpaid interest and any additional interest owing pursuant to the Registration Rights Agreement entered into between the Company and Wachovia Capital Markets, LLC on December 20, 2007 up to, but not including, the Redemption Date (the “Redemption Price”).

     On the Redemption Date, the Redemption Price will become due and payable on all Notes. Unless the Company defaults in the payment of the Redemption Price, interest, if any, on the Notes to be redeemed will cease to accrue on and after the Redemption Date, and the only remaining right of the holders of Notes after such date will be to receive payment of the Redemption Price upon surrender of the Notes to the Bank of New York, as paying agent (the “Paying Agent”).

     The Notes called for Redemption must be surrendered to the Paying Agent to collect the Redemption Price. The address of the Paying Agent is:

First	Express Delivery Only	By Hand Only
Class/Registered/Certified
The Bank of New York	The Bank of New York	The Bank of New York
P.O. Box 396	111 Sanders Creek	111 Sanders Creek
Att: Debt Processing Unit	Parkway	Parkway
(ACT)	East Syracuse, NY 13057	East Syracuse, NY 13057
East Syracuse, NY 13057	Att: Corporate Trust	Att: Corporate Trust
	Window	Window

     *No representation is hereby made as to the correctness or accuracy of the CUSIP number, if any, listed in this Notice or printed in the Notes.

     Paying Agents are required to withhold 28% of gross payments to Holders of the Notes who fail to provide a valid taxpayer identification number on or before the date upon which the Notes are presented for payment.

EX-99.2

Exhibit 99.2

IKON Office Solutions, Inc.
70 Valley Stream Parkway
Malvern, PA 19355
www.ikon.com

News Release

Contacts:

Investors	Media
Henry M. Miller, Jr.	Wendy Pinckney
Vice President, Corporate Finance	Director, Corporate Communications
610-408-7060	610-408-7297
hmmiller@ikon.com	wpinckney@ikon.com

IKON TO REDEEM REMAINING $100 MILLION OF 2012 NOTES

MALVERN, Pa.—May 29, 2008—IKON Office Solutions (NYSE:IKN), the world’s largest independent channel for document management systems and services, announced today it will redeem for cash the remaining $100 million in aggregate principal amount of its Senior Unsecured Floating Rate Notes due 2012. The redemption price will be 100 percent of the principal amount plus accrued and unpaid interest up to, but not including, the redemption date of June 30, 2008. A notice of redemption has been sent to all current registered holders of the Notes by the trustee, The Bank of New York.

As a result of this redemption and the redemption of $50 million on May 7, 2008, the Company will incur an approximate $5.7 million loss from the early extinguishment of debt in the third quarter of fiscal 2008, ending June 30, 2008. As a reminder, the Company’s previously communicated outlook for the third quarter and full year fiscal 2008 excluded the impact of any losses from the early extinguishment of debt. The Company issued $150 million of the 2012 Notes on December 20, 2007.

This news release does not constitute an offer to buy the Senior Unsecured Floating Rate Notes due 2012.

About IKON

IKON Office Solutions, Inc. (www.ikon.com) is the world’s largest independent channel for document management systems and services, enabling customers to improve document workflow and increase efficiency. IKON integrates best-in-class copiers, printers and MFP technologies from leading manufacturers, such as Canon, Ricoh, and Konica Minolta, and document management software and systems from companies like Captaris, Kofax, EFI, eCopy and others, to deliver tailored, high-value

solutions implemented and supported by its global services organization — IKON Enterprise Services. With fiscal year 2007 revenue of $4.2 billion, IKON has approximately 25,000 employees in over 400 locations throughout North America and Western Europe.

Safe Harbor

This news release includes information that may constitute forward-looking statements within the meaning of the federal securities laws. These forward-looking statements include, but are not limited to, statements relating to the redemption of the Company’s Senior Unsecured Floating Rate Notes due 2012 and the expected loss on extinguishment of debt. Although IKON believes the expectations contained in such forward-looking statements are reasonable, it can give no assurances that such expectations will prove correct. Such forward-looking statements are based upon management’s current plans or expectations and are subject to a number of risks and uncertainties set forth in our filings with the U.S. Securities and Exchange Commission. As a consequence of these and other risks and uncertainties, IKON’s current plans, anticipated actions and future financial condition, results may differ materially from those expressed in any forward-looking statements.

IKON Office Solutions^® and IKON: Document Efficiency at Work^® are trademarks of IKON Office Solutions, Inc. All other trademarks are the property of their respective owners.

(FIKN)
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