SECURITIES AND EXCHANGE COMMISSION



                             Washington, D.C. 20549



                                    FORM 8-K



                                 CURRENT REPORT
                     PURSUANT TO SECTIONS 13 OR 15(d) OF THE
                         SECURITIES EXCHANGE ACT OF 1934



        Date of report (Date of earliest event reported): March 25, 1998



                               IOMEGA CORPORATION
             (Exact Name of Registrant as Specified in Its Charter)






             Delaware                    001-12333              86-0385884
    (State or Other Jurisdiction        (Commission          (I.R.S. Employer
 of Incorporation or Organization )     File Number)       Identification No.)
                                        -------------




                       1821 West Iomega Way, Roy, UT 84067
               (Address of Principal Executive Offices) (Zip Code)


       Registrant's telephone number, including area code: (801) 778-1000




                            This is Page 1 of 6 pages
                           Exhibit Index is on Page 4
 
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Item 5.  Other Events.

         Iomega Corporation (the "Company") announced on March 25, 1998 that Kim
B. Edwards had resigned as its president and chief executive officer,  effective
March 24, 1998. A copy of the Company 's press  release  dated March 25, 1998 is
filed herewith as Exhibit 99 and incorporated herein by reference.



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                                                      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 hereunto duly authorized.

Date: March 25, 1998                        IOMEGA CORPORATION
                                            (Registrant)


                            By: /s/ Leonard C. Purkis
                               Leonard C. Purkis
                               Senior Vice President, Finance and
                               Chief Financial Officer




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                                                    EXHIBIT INDEX


Exhibit  Description

   99       Press release dated March 25, 1998 entitled "IOMEGA CHIEF EXECUTIVE
            OFFICER RESIGNS."



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                  NEWS RELEASE

IOMEGA For more information contact:

         Press contact:
         Willow Baum, Iomega Corporation (801) 778-4298 / baum@iomega.com

         Analysts / Investors:
         Susan T. Stillings, Iomega Corporation (801) 778-4668 /
         stilling@iomega.com
         Tyler Thatcher, Iomega Corporation (801) 778-4362 / thatcher@iomega.com


FOR IMMEDIATE RELEASE

                     IOMEGA CHIEF EXECUTIVE OFFICER RESIGNS

                  James E. Sierk Named Acting CEO and President

ROY, Utah, March 25, 1998 Iomega Corporation announced today that Kim B. Edwards
resigned as president  and chief  executive  officer  effective  March 24, 1998.
James E. Sierk,  former  senior vice  president of Quality and  Productivity  of
Allied  Signal Inc. and an Iomega board  member,  will assume the role of acting
president and CEO.

"The board of directors very much regrets Mr. Edward's departure," said David J.
Dunn,  the  chairman  of  Iomega's  board of  directors.  "He has been  directly
responsible for Iomega's success over the last four years. Under his leadership,
Iomega grew from $141 million in annual sales to over $1.7 billion in 1997.  Kim
transformed a static,  relatively  small  company with mature  products that was
suffering losses, into a dynamic growth company. The board is extremely grateful
to Mr. Edwards for his invaluable contributions to the business."

"One  of  Iomega's  core  values  has  been  to  set  and  achieve   unrealistic
expectations,"  said Mr.  Edwards.  "I believe  that over the last few years our
people have repeatedly  demonstrated the ability to do just that. I leave Iomega
confident that the  management  team and employees are equipped to continue this
unique tradition in which I take a great deal of pride."

Mr.  Sierk,  59, who joined  Iomega's  board in October 1997,  brings  extensive
international  experience  to Iomega in addition to his expertise in quality and
productivity.  During  his 27 years with  Xerox  Corporation,  he served as vice
president of Latin American and Canadian  Operations,  and vice president of Far
Eastern Manufacturing Operations.


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At Iomega,  we have a strong  management team with substantial  depth," said Mr.
Sierk.  "Each of us is  dedicated  to  capitalizing  on  Iomega's  extraordinary
opportunities  while  aggressively  positioning  our Zip,  Jaz,  Ditto and Clik!
storage solutions as standards in their respective market segments.  In pursuing
these  opportunities,  our highest  priorities will be setting and achieving new
standards for quality and customer service in our industry."

Mr. Sierk, by his own wishes,  is not a candidate for the permanent  position of
Iomega's  president  and CEO.  Iomega  will begin a search  for a new  president
immediately.  The board of directors indicated that the ideal candidate would be
a senior  officer,  possibly a  president  or general  manager of a  substantial
division of a major  company -- one that is  preeminent  in quality and customer
service.  Iomega  wants each  initial  sale to a  customer  to be the start of a
long-term, mutually rewarding experience.

Iomega Corporation  manufactures personal read/write storage solutions that help
people manage their stuff -- anywhere.  Iomega's products provide consumers with
what they want, when they want it, at a reasonable price. The Company's industry
storage solutions,  designed for all types of computer users, include Zip drives
and genuine Zip 100 disks; Jaz one- and two-gigabyte drives and disks; and Ditto
tape  backup  drives  and tape  cartridges.  Whether  used in  homes,  business,
government  and  education,  or by creative  professionals,  all Iomega  storage
solutions  ensure high levels of quality and reliability  when using  authorized
Iomega media  products.  Iomega products are available  through  computer retail
stores, resellers, major distributors and OEMs.
                                       ###

Special Note:  The  statements in this release  related to setting and achieving
new standards of quality and customer service,  and the positioning of Zip, Jaz,
Ditto and Clik!, when introduced,  products as the standards in their respective
markets, are forward-looking statements. There are a number of important factors
that could cause actual  results to differ  materially  from those  suggested or
indicated by such forward-looking  statements.  These include, among others, the
level of demand and  acceptance  for Iomega's  drive and removable disk and tape
products,  the success of  establishing  those  products as  standards  in their
respective   market  segments,   market  responses  to  advertising   campaigns,
manufacturing issues,  product shipment delays,  competitive factors and pricing
considerations,  general economic  conditions,  and other factors  identified in
Iomega's  1997 Annual  Report and Iomega's  1996 Annual  Report as filed on Form
10-K, June 4, 1996 Prospectus and most recent  quarterly  reports filed with the
SEC.

Iomega, Zip, Jaz, the Iomega Logo and the stylized "i" are registered trademarks
of and Ditto is a trademark of, Iomega Corporation.  All other product and brand
names are the property of their respective companies.