1
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 22, 1999
--------------------------------
INTELECT COMMUNICATIONS, INC.
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 0-11630 76-0471342
- --------------------------------------------------------------------------------
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
1100 Executive Drive, Richardson, Texas 75081
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (972) 367-2100
-----------------------------
N/A
- --------------------------------------------------------------------------------
(Former name or former address, if changed since last report.)
2
ITEM 5. OTHER EVENTS.
A shareholders class action lawsuit was filed in the U.S. District
Court for the Northern District of Texas purported to have been filed on behalf
of all persons and entities who purchased Intelect common stock during the
period between February 24, 1998 and November 17, 1998. The named defendants
include Intelect Network Technologies Company, certain former and present
officers and directors of Intelect, and Arthur Andersen, LLP. The complaint
alleges that the defendants violated Sections 10(b) and 20(a) of the Securities
Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by making false and
misleading statements concerning Intelect's reported financial results during
the period, primarily relating to revenue recognition, asset impairment and
capitalization issues. The plaintiffs seek monetary damages, interest, costs and
expenses. Intelect intends to defend the suit vigorously in all aspects.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(a) Financial Statements of Business to Be Acquired: N/A
(b) Pro Forma Financial Information of the Business to Be Acquired: N/A
(c) Exhibits: None
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.
INTELECT COMMUNICATIONS, INC.
-------------------------------------
(Registrant)
Date: November 23, 1999 By: /s/ HERMAN M. FRIETSCH
------------------------ -------------------------------
(Signature)
Herman M. Frietsch
Chairman of the Board and CEO