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)         April 22, 2003

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 elects two new board members.

At Tellabs' annual meeting on April 22, 2003, stockholders elected Bo Hedfors and Michael Lavin to its board of directors. Stockholders also re-elected current director Jan H. Suwinski. All three were elected to serve three-year terms. Further details are contained in the press release of Tellabs, Inc., dated April 22, 2003, 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 April 22, 2003.

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)

April 23, 2003
(Date)

EXHIBIT INDEX

Exhibit Number	Description
99	Press Release of Tellabs, Inc., dated April 22, 2003.

EX-99

FOR IMMEDIATE RELEASE
April 22, 2003 Bo Hedfors and Michael Lavin elected to Tellabs' board of directors,stockholder proposal for annual election of directors passed
Naperville, Ill. – At Tellabs' annual meeting today, stockholders elected two new directors-Bo Hedfors, founder of Hedfone Consulting, Inc. and former Ericsson and Motorola executive, and Michael Lavin, retired Midwest-area managing partner at KPMG LLP-enlarging the board from six to eight directors. Stockholders also re-elected current director Jan H. Suwinski, professor of Business and Operations, Cornell University, Johnson Graduate School of Management. All were elected to three-year terms.

"Bo and Mike add to Tellabs' board an even greater depth of knowledge about international and wireless markets, as well as finance," said Michael J. Birck, Tellabs chairman and CEO. "I'm confident that our board and our management team have the right expertise and strategy to chart Tellabs' path to profitable growth."

Bo Hedfors, 59, has 35 years of global telecommunications experience in both the wireline and wireless sectors of the industry. He founded his own telecom/Internet consulting practice, Hedfone Consulting, Inc., in 2002. Previously, Hedfors held executive positions at Motorola and Ericsson. Michael Lavin, 57, worked at accounting firm KPMG LLP for 35 years, including 25 years as a partner of the firm. Lavin served as KPMG's Midwest-area managing partner from 1998 to 2003 and also served on the firm's board of directors and management committee.

Tellabs stockholders passed a stockholder proposal to recommend annual elections of all directors. Tellabs currently has three classes of directors, with approximately one-third of all directors elected annually to three-year terms. Under the proposed change, all directors would stand for election each year. To effect the change, the board of directors must approve amending the company's certificate of incorporation to allow for annual election of directors, and three-fourths of shareholders must approve.

Tellabs (NASDAQ: TLAB) provides innovative bandwidth management solutions to help carriers around the world move communications traffic most efficiently and effectively. The world communicates through Tellabs™ — most telephone calls and Internet sessions in the United States and many other countries 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.

CONTACTS:
George Stenitzer
+1.630.798.3800
george.stenitzer@tellabs.com

 

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