PROSPECTUS SUPPLEMENT (To Prospectus dated August 1, 1997) EXECUTONE INFORMATION SYSTEMS, INC. 15,938,113 Shares of Common Stock The table beginning on page 10 of the Prospectus contained in the section entitled "Selling Shareholders" is revised to delete the listing for James W. Spencer and Watermark Investments Limited and to add the following Selling Shareholders: Number of Total Number of Securities Shares to be Owned Total Number of Shares to Upon Completion Owned Prior to Offering be Offered Hereby of Offering ----------------------- ----------------- ----------- Watertone Holdings L.P. 550,000 550,000 -0- Watermark Investments Limited, LLC 75,000 75,000 -0- Mr. Robert A. Berman 1,246,192 1,246,192 -0- Mr. Guillermo Montero 1,075,813 1,075,813 -0- Mr. Philip Berman 371,250 371,250 -0- Kaniewski Family Limited 221,250 221,250 -0- Partnership Sheryl Smul Grantor Annuity Trust 1,075,813 1,075,813 -0- Mr. Lawrence M. Friedberg, CPA 185,625 185,625 -0- Ms. Sheryl Smul 185,625 185,625 -0- Mr. Gunther Arzberger 37,125 37,125 -0- Mr. William I. Bard 37,125 37,125 -0- Mr. Shlomo Ben Hamoo 3,712 3,712 -0- Mr. and Mrs. Daryl B. Cramer 9,281 9,281 -0- Mr. Kenneth G. Cramer 18,562 18,562 -0- Ms. Dawn J. Jurewicz, Trust 222,750 222,750 -0- Officer, Independent Trust Corporation f/b/o Philip Datlof, M.D. Mr. and Mrs. Paul deBary 100,000 100,000 -0- Number of Total Number of Securities Shares to be Owned Total Number of Shares to Upon Completion Owned Prior to Offering be Offered Hereby of Offering ----------------------- ----------------- ----------- Mr. Paul deBary 122,750 122,750 -0- Mr. Stephen R. Goldenberg 61,256 61,256 -0- Mr. Leonard Parker 37,125 37,125 -0- Mr. and Mrs. Burt Bloom 18,562 18,562 -0- Mr. Steven Schwimmer 18,562 18,562 -0- Dean Witter Reynolds, Inc. C/F 37,125 37,125 -0- Mr. Bruce Rosen, PSP Richard J. Rose, M.D. 111,375 111,375 -0- Ms. Robin Rose 111,375 111,375 -0- Kimi Sato 37,125 37,125 -0- Tri-State Equity Partners, L.P. 2,250,000 2,250,000 -0- The addition of these Selling Shareholders and the shares of Common Stock owned by these Selling Shareholders does not increase the total number of shares of Common Stock registered for resale by the Selling Shareholders pursuant to the Prospectus dated August 1, 1997. The number of shares offered by the Selling Shareholders pursuant to the Prospectus has been reduced by two shares as a result of the rounding of the number of shares of Common Stock received by each of the holders of the Cumulative Convertible Preferred Stock, Series A, and the Cumulative Contingently Convertible Preferred Stock, Series B (collectively, the "Preferred Stock") upon the redemption of the Preferred Stock. The date of this Prospectus Supplement is June 16, 1999.