8-K

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)         June 17, 2002

TELLABS, INC.
(Exact name of registrant as specified in its charter)

Delaware	0-9692	36-3831568
(State of Incorporation)	(Commission file number)	(I.R.S. Employer  Identification No.)

One Tellabs Center, 1415 W. Diehl Road, Naperville, Illinois	60563
(Address of Principal Executive Offices)	(Zip Code)

Registrant's telephone number, including area code: (630) 378-8800

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

Item 5. Other Events.

Tellabs CEO Notebaert resigns to become Qwest CEO, Tellabs Chairman Birck resumes CEO duties

Richard C. Notebaert resigns as president, chief executive officer and director of Tellabs to accept a position as chief executive officer of Qwest, effective immediately. Chairman Michael J. Birck resumes the roles of chief executive officer and president. Further details are contained in the press release of Tellabs, Inc., dated June 17, 2002, attached hereto as Exhibit 99 and incorporated herein by reference.

Item 7. Financial Statements and Exhibits.

   (c) Exhibits
     Exhibit 99 - Press Release of Tellabs, Inc., dated June 17, 2002.

SIGNATURE

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 thereunto duly authorized.
 
 

                       TELLABS, INC.
                      (Registrant)
 
 

                             /s James A. Dite
                         James A. Dite
                                                 Vice President and Controller
                                                   (Principal Accounting Officer)

June 17, 2002
(Date)

EXHIBIT INDEX

Exhibit Number	Description
99	Press Release of Tellabs, Inc., dated June 17, 2002.

EX-99

FOR IMMEDIATE RELEASE
June 17, 2002

Tellabs CEO Notebaert resigns to become Qwest CEO, Tellabs Chairman Birck resumes CEO duties

Naperville, Ill. — Richard C. Notebaert resigned as president, chief executive officer and director of Tellabs to accept a position as chief executive officer of Qwest, effective immediately. Chairman Michael J. Birck resumes the roles of chief executive officer and president.

“I appreciate Dick and his many contributions to the success of the business. I won’t say goodbye because I look forward to working with Dick as a customer,” Birck said. “I am confident that Tellabs is well-positioned to succeed — with strong customer relationships, a pristine balance sheet, a powerful product portfolio and a deep management team in place.”

Under the leadership of Birck, 64, Tellabs has grown from a company that ended its first year with $312,000 in sales and 20 employees to $2.2 billion in revenues and 5,400 employees. He served as Tellabs chairman, chief executive officer and president until Notebaert joined Tellabs in 2000. Birck is one of six founders who organized Tellabs in 1975 and took the company public in 1980.

Notebaert, 55, served as Tellabs president and CEO since September 2000 and as a Tellabs director since April 2000. He was chairman and CEO of Ameritech from 1994 through 1999.

Tellabs provides innovative bandwidth management solutions to help carriers around the world move communications most efficiently and effectively. The world communicates through Tellabs — most telephone calls and Internet sessions in several countries, including the United States, flow through the company’s equipment. Tellabs employee-owners develop and deploy solutions that provide aggregation, grooming and business services in metro/regional networks in more than 100 countries (NASDAQ: TLAB; www.tellabs.com).

CONTACTS:
George Stenitzer
+1.630.798.3800
george.stenitzer@tellabs.com
Jean Medina
+1.630.798.2509
jean.medina@tellabs.com

Tellabs and the Tellabs logo are registered trademarks of Tellabs or one of its affiliates in the United States and/or other countries. All other company names and products mentioned herein may be the property of their respective companies.