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): August 10, 2001
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VTEL CORPORATION
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(Exact Name of Registrant as Specified in Charter)
DELAWARE 0-20008 74-2415696
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
108 Wild Basin Road, Austin, Texas 78746
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(Address of Principal Executive Offices) (Zip Code)
Company's telephone number, including area code: (512) 437-2700
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(Former Name or Former Address, if Changed Since Last Report.)
Item 5. Other Events
On August 9, 2001 VTEL Corporation, doing business as Forgent Corporation,
announced it has finalized its organizational planning and has completed a
reduction in staff across the company's operations. Approximately 65 employees
worldwide will be assisted with outplacement support and severance. The
reduction affects 16 employees in Austin, 30 in King of Prussia, and 19
remote/international. The company remains committed to reducing costs and
further developing its professional services and video network management
software business lines.
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.
VTEL CORPORATION
Date: August 10, 2001 By: /s/ Jay Peterson
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Jay Peterson
Chief Financial Officer