SECURITIES AND EXCHANGE COMMISSION
Washington, D. C.
20549
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FORM 8-K
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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 24, 1996
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TEXAS INSTRUMENTS INCORPORATED
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(Exact name of Registrant as specified in its charter)
Delaware 1-3761
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(State of Incorporation) (Commission File No.)
75-0289970
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(I.R.S. Employer Identification No.)
13500 North Central Expressway
P. O. Box 655474, Dallas, Texas 75265
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(Address of principal executive offices)(Zip Code)
Registrant's telephone number, including area code 214-995-2551
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ITEM 5. Other Events.
The information set forth in the Registrant's news release
dated June 20, 1996 (attached hereto as Exhibit 21) is
incorporated herein by reference to such news release.
ITEM 7. Exhibits.
Designation of
Exhibit in
this Report Description of Exhibit
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21 Registrant's news release
dated June 20, 1996
SIGNATURE
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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.
TEXAS INSTRUMENTS INCORPORATED
By /S/ O. WAYNE COON
________________________________
O. Wayne Coon
Assistant Secretary and
Chief Corporate Counsel
Date: June 24, 1996
Exhibit Index
Designation of
Exhibit in Paper (P)
this Report Description of Exhibit or Electronic (E)
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21 Registrant's news release E
dated June 20, 1996
EXHIBIT 21
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News Release
C-96032
Media Contact: Neil McGlone (214) 995-4961
(Please do not publish this number.)
Texas Instruments Announces New Chairman, and President/CEO
Broadens Approach to Team Management
Dallas (June 20, 1996) -- Texas Instruments announced today that its
board of directors has elected James R. (Jim) Adams chairman and
Thomas J. (Tom) Engibous president and chief executive officer.
Mr. Engibous has also been elected a director of Texas Instruments.
Mr. Adams, a former group president of SBC Communications Inc., has
served as a TI director since January, 1989. Mr. Engibous previously
served as TI executive vice president and president of the Semiconductor
Group.
An office of the chairman and the chief executive will exercise
oversight responsibility for the company's global business activities.
Messrs. Adams and Engibous, vice chairman William B. (Bill) Mitchell,
and vice chairman William P. (Pat) Weber, acting president and chief
executive officer since the sudden death of Jerry R. Junkins on May 29,
1996, will share in the responsibilities of the office. The structure,
which represents a continuation of the team management approach employed
by TI over the past several years, will make best use of TI's depth of
management experience coupled with valuable external perspective to
continue the company's strategic direction.
Additionally, TI announced the election of Richard K. (Rich) Templeton
TI executive vice president and president of the Semiconductor Group,
succeeding Mr. Engibous in that capacity. Mr. Templeton previously
served as senior vice president of the Semiconductor Group.
Speaking on behalf of the TI board, director William S. Lee said: "Jim
Adams knows TI and its businesses, and he brings a breadth of managerial
experience. He is bright and incisive, with strong character, mature
judgment, and substantial experience in corporate governance.
Importantly, his perspective from the communications industry will serve
us well as we pursue our vision of 'world leadership in digital
solutions for the networked society.'"
During Mr. Adams' more than seven years as a TI director, he has held
membership on a majority of the board committees, including Audit, Board
Organization and Nominating, Compensation, and Stockholder Relations and
Public Policy. He joined Southwestern Bell in 1962 following graduation
from Texas A&M University with bachelors' of arts degrees in mathematics
and physics. He later earned an MBA in statistics and business finance
from the University of Texas at Austin. Immediately prior to serving as
Group president of SBC Communications Inc., from which he retired in
July, 1995, Adams held the post of president and chief executive officer
of Southwestern Bell Telephone Company from 1988 to 1992.
Commenting on the election of Mr. Engibous, Mr. Adams said: "Tom is the
right person to lead TI into the 21st century. He has twenty years'
experience within TI, tremendous management skills, and the vision to
leverage TI's opportunities in highly dynamic technology industries.
Through Tom's leadership, TI's semiconductor strategy is stronger than
it has ever been, and our global presence and commitment to customers
are benchmark in the industry. TI has established itself as the clear
leader in digital signal processors, the fundamental building block of
the digital revolution. We have utmost confidence in Tom Engibous."
"Tom understands the importance of meeting the needs of our customers in
providing complete system solutions, and has made that a major thrust
of our business," said Mr. Mitchell. "As to his team, he knows well
that a diverse, empowered workforce provides competitive advantage.
I've really been impressed by his success in drawing out the best
abilities of people wherever located around the world. When he thinks
of teams and performance, he thinks and acts globally, and that's good
for TI."
Mr. Weber, a former president of the Semiconductor Group who has worked
closely with Mr. Engibous, said: "Over the past ten years, I've
developed tremendous respect and admiration for Tom, and I have great
confidence in him. He has consistently demonstrated the intellect and
ability to succeed. He's a strong leader and team player, and I was
pleased that he succeeded me as Semiconductor Group president. Tom will
do a great job as president and CEO."
Mr. Engibous joined TI in 1976 following graduation from Purdue
University where he earned his bachelor's and master's degrees in
electrical engineering. His first assignment at TI was as an integrated
circuit design engineer specializing in the design and development of
high voltage integrated circuits. Prior to becoming president of the
Semiconductor Group in December of 1993, Engibous was manager of the
worldwide application specific products business, which includes such
product families as digital signal processors, microcontrollers,
microprocessors, and ASIC products. Previously he served as manager of
the worldwide linear products business. He was appointed Semiconductor
Group vice president in 1985 and Semiconductor Group senior vice
president in 1991.
Mr. Templeton joined TI in 1980 in the Semiconductor Group's sales and
marketing organization. He has held numerous management positions
including manager of the US application specific products business. In
1993, he assumed worldwide responsibility for the application specific
products business, the principal strategic emphasis of TI's largest
business, semiconductor. Mr. Templeton was named Semiconductor Group
vice president in 1991 and Semiconductor Group senior vice president in
1994. He holds a bachelor's degree in electrical engineering from Union
College.
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NOTE TO EDITORS: Texas Instruments Incorporated, headquartered in
Dallas, Texas, is a high-technology company with sales or manufacturing
operations in more than 30 countries. TI products and services include
semiconductors; defense electronics systems; software productivity
tools; printers, mobile computing products and consumer electronics
products; electrical controls; and metallurgical materials.
More information about TI is located on the World Wide Web at
http://www.ti.com
