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): March 29, 2002
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INTERNATIONAL WIRELESS, INC.
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(Exact name of Registrant as Specified in Its Charter)
Maryland 000-27045 36-4286069
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(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
120 Presidential Way
Woburn, MA 01801
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(Address of Principal Executive Offices)
Registrant's telephone number, including area code: (781) 939-7252
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(Former name or former address, if changes since last report)
ITEM 5. OTHER EVENTS.
On March 29, 2002, the Registrant entered into an Agreement with
Graham F. Paxton as its new President and CEO effective May 1, 2002. Mr. Paxton
will be directly responsible for the overall strategic management of the
Registrant. Prior to joining the registrant, Mr. Paxton as of December 1, 2000
was the President and CEO of Siemens Information and Communication Mobile LLC,
the mobile group of Siemens AG based in Munich, Germany, a leading global
electrical engineering and electronics company, with sales of $75 billion
worldwide. Prior to that, he was the executive vice president and a member of
the executive board of the Siemens Business Services division (SBS), with
responsibility for Europe, Africa and the Asia Pacific. He was instrumental in
shaping SBS from its inception in 1995 into a $7 billion information technology
company with 36,000 employees worldwide. At SBS, he successfully restructured
numerous country operations, and had a direct responsibility for large
outsourcing contracts, which represented approximately $2 billion of revenues.
Prior to Siemens Business Services, Mr. Paxton was an independent
consultant for Computer Sciences Corporation (London), Woolworth (part of the
Kingfisher Group), Philips Business Systems, Amdahl and Tesco. He began his
career in 1970 at Unilever Computer Services LTS (London) as a computer services
manager, and fulfilled similar duties of increasing responsibility at British
Homes Stores and J. Sainsbury PLC until 1987.
Mr. Paxton holds a Masters degree in Engineering. He has also
completed management courses at the Stanford University Graduate School of
Business, MIT's Sloan School of Management, INSEAD (Paris, France) and Astridge
Management College (United Kingdom).
Mr. Paxton as President and Chief Executive Officer of the Registrant,
will join the Board of Directors of the Registrant which include Stanley A.
Young, the Chairman of the Board; Dr. Ira W. Weiss, Ph.D.; and Michael Dewar,
the Chief Operating Officer.
ITEM 6. RESIGNATIONS OF REGISTRANT'S DIRECTORS.
Not Applicable.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
10.1 Employment Agreement, by and between Graham Paxton and
international Wireless, Inc., dated: March 29, 2002.
99.1 Press release of International Wireless, Inc. dated
April 2, 2002.
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.
Dated: April 5, 2002 International Wireless, Inc.
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(Registrant)
/s/ Stanley A. Young
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Stanley A. Young, CEO