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): May 20, 1998 XEROX CORPORATION (Exact name of registrant as specified in its charter) New York 1-4471 16-0468020 (State or other (Commission File (IRS Employer jurisdiction of Number) Identification incorporation) No.) 800 Long Ridge Road P. O. Box 1600 Stamford, Connecticut 06904-1600 (Address of principal executive offices)(Zip Code) Registrant's telephone number, including area code: (203) 968-3000 This document consists of 2 pages. Item 5. Other Events On May 20, 1998, Registrant completed the previously announced $415 million acquisition of XLConnect, Inc., a leading information technology services company, and its parent company, Intelligent Electronics, Inc. The organization will operate as a wholly-owned subsidiary of Registrant under a new name, "Xerox Connect, Inc.", and will reside within the Xerox Document Services Group. - ------------------------------------------------------------ SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, Registrant has duly authorized this report to be signed on its behalf by the undersigned duly authorized. XEROX CORPORATION By: MARTIN S. WAGNER Assistant Secretary Dated: May 21, 1998 -- 2 --