-----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, GxtYzfFV3hjKFkjBN/lwYURWLP5GVg4qRzjyLawGedOw6cGrDzO8eYTTBBnGFStx EUyQrP1Ij+RbxYWeYTnbsQ== 0000950135-96-005335.txt : 19961219 0000950135-96-005335.hdr.sgml : 19961219 ACCESSION NUMBER: 0000950135-96-005335 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19961216 ITEM INFORMATION: Other events FILED AS OF DATE: 19961218 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: PICTURETEL CORP CENTRAL INDEX KEY: 0000755095 STANDARD INDUSTRIAL CLASSIFICATION: TELEPHONE & TELEGRAPH APPARATUS [3661] IRS NUMBER: 042835972 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-09434 FILM NUMBER: 96682700 BUSINESS ADDRESS: STREET 1: 222 ROSEWOOD DR CITY: DANVERS STATE: MA ZIP: 01923 BUSINESS PHONE: 5087625000 MAIL ADDRESS: STREET 1: 222 ROSEWOOD DR CITY: DANVERS STATE: MA ZIP: 01923 FORMER COMPANY: FORMER CONFORMED NAME: PICTEL CORP DATE OF NAME CHANGE: 19870505 8-K 1 PICTURETEL CORPORATION 1 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) December 16, 1996 PictureTel Corporation - -------------------------------------------------------------------------------- (Exact name of registrant as specified in charter) DELAWARE 1-9434 04-2835972 - -------------------------------------------------------------------------------- (State or other (Commission (IRS Employer jurisdiction of incorporation) File Number) Identification Number) 100 Minuteman Road, Andover, MA 01810 - -------------------------------------------------------------------------------- (Address of principal executive offices) Registrant's telephone number, including area code (508) 292-5000 (Former name or former address, if changed since last report) 2 Item 5. Other Events On December 16, 1996 the Company issued a press release reporting that Stephen Crummey, the Vice President of Worldwide Sales, would be leaving the Company in January 1997 and that Tom Pesut would become acting vice president of worldwide sales. Financial Statements and Exhibits (a) Financial Statements of business acquired: Not applicable (b) Pro Forma financial information Not applicable (c) Exhibits: (10)(a) Press Release dated December 16, 1996 3 SIGNATURES Pursuant to the requirements of the Securities and Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. PictureTel Corporation (Registrant) By /s/ Les B. Strauss Les B. Strauss Vice President, Finance Date: December 17, 1996 4 EXHIBIT INDEX Exhibit No. (10)(a) Press Release dated December 16, 1996 EX-10.(A) 2 PRESS RELEASE 1 EXHIBIT 10(a) PictureTel Corporation 100 Minuteman Road Andover, MA 01810 NEWS RELEASE Contact: Kevin Flanagan Diane Parazin PICTURETEL CORPORATION COPITHORNE & BELLOWS (508) 292-5178 (617) 450-4300 flanagank@pictel.com diane.parazin@cbpr.com STEPHEN CRUMMEY LEAVING PICTURETEL IN JANUARY TO BECOME CEO OF INTRANET START-UP COMPANY ANDOVER, Mass. - DECEMBER 16, 1996 - PictureTel Corporation (NASDAQ: PCTL), the global leader in videoconferencing and multimedia collaboration, today announced that Stephen J. Crummey is leaving his position as vice president of worldwide sales in January 1997. Crummey will become CEO of an intranet start-up company in the Boston area. Tom Pesut, currently the company's vice president of Americas sales, will, in an acting capacity, expand his duties to include worldwide sales. "Steve has done an excellent job as head of our worldwide sales organization," said Dr. Norman E. Gaut, PictureTel's chairman and CEO. "He took an already outstanding sales and channel organization to new heights. As he departs, he leaves behind the best sales organization in our industry, one that has consistently delivered superb results." Gaut says that Peset, who joined PictureTel this year from Novell, Inc., where he was senior vice president of the Americas, will expand his sales duties in North and South America to include PictureTel`s direct sales force and channels around the world. "Tom already has made a major impact as vice president of Americas sales," said Gaut. "We are confident he will continue to deliver strong results with these added responsibilities." PictureTel Corporation is the world leader in developing, manufacturing and marketing a full range of videoconferencing technologies. The company's products serve videoconferencing needs from the desktop to the boardroom. PictureTel also markets network conferencing products and a comprehensive portfolio of enterprise-wide services. Additional PictureTel information is available on the Internet at www.picturetel.com PictureTel videoconferencing eliminates the barrier of distance, enabling people to be Anywhere Now[trademark]. -End- PictureTel is a registered trademark of PictureTel Corporation. Anywhere Now is a trademark of PictureTel Corporation. Recent PictureTel news releases are available on our Web site at www.picturetel.com or by calling 1-800-716-6000, extension 4 (U.S. and Canada only). phone 508.292.5000 fax 508.292.3327 -----END PRIVACY-ENHANCED MESSAGE-----