content: SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C. 20549
  
  
                                      FORM 8-K
  
                                   CURRENT REPORT
  
                      Filed pursuant to Section 13 or 15(d) of
                         THE SECURITIES EXCHANGE ACT OF 1934
  
                                 September 24, 2001
                           Date of Earliest Event Reported
  
  
  
                                   COMDISCO, INC.
                               (Debtor-in-Possession)
                              (a Delaware Corporation)
                                6111 North River Road
                              Rosemont, Illinois 60018
                              Telephone (847) 698-3000
                            Commission file number 1-7725
                  I.R.S. Employer Identification Number 36-2687938
  
  
  
  
  
  
  
                                        -1-
  
  <PAGE>
  
  
  
  
  
  
  
  
  Item 5   Other Events
  
  
  On September 24, 2001,  Comdisco,  Inc. announced that Michael A. Fazio, 39, had
  been named to the position of president  and chief  operating  officer and chief
  executive officer, Europe, and that Ronald C. Mishler, 41, had been named senior
  vice  president and chief  financial  officer,  replacing  Mr. Fazio.  Norman P.
  Blake, who had been serving as chairman,  president and chief executive officer,
  continues  as  chairman  and  chief  executive  officer.  All  appointments  are
  effective immediately. On September 24, 2001, the Company issued a press release
  relating to the foregoing. A copy of the press release is attached hereto.
  
  In addition to his new position as president and chief  operating  officer,  and
  chief  executive  officer,  Europe,  Mr.  Fazio  was  elected  to the  board  of
  directors.
  
                                        -2-
  
  <PAGE>
  
  
  
  Item 7.  Financial Statements and Exhibits.
  
       (c) Exhibits
  
           Exhibit No.      Description
  
           99.1             Press Release of Comdisco, Inc., dated
                            September 24, 2001.
  
  
  
                                        -3-
  <PAGE>
  
  
                                     SIGNATURES
  
  Pursuant to the  requirements  of the  Securities  and Exchange Act of 1934, the
  Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
  undersigned hereunto duly authorized.
  
  
                                 COMDISCO, INC.
  
                                      By:     /s/ Ronald Mishler
                                              ---------------------------
                                              Name:    Ronald Mishler
                                              Title:   Chief Financial Officer
  
  Dated:   October 18, 2001
  
  
                                        -4-
  <PAGE>
  
  
  
                                    EXHIBIT INDEX
  
  
       Exhibit No.       Description
  
      99.1              Press Release of Comdisco, Inc., dated September 24, 2001
  
  
  
                                        -5-
  <PAGE>
  
  EXHIBIT 99.1
    NEWS RELEASE
  
  
                COMDISCO ANNOUNCES EXECUTIVE MANAGEMENT APPOINTMENTS
  
  
  ROSEMONT,  IL, September 24, 2001 - Comdisco,  Inc.  (NYSE:CDO)  announced today
  that  Michael A.  Fazio,  39, has been named to the newly  created  position  of
  president and chief operating officer and chief executive  officer,  Europe, and
  that  Ronald C.  Mishler,  41, has been named  senior vice  president  and chief
  financial officer, replacing Mr. Fazio. Norman P. Blake, who had been serving as
  chairman, president and chief executive officer, continues as chairman and chief
  executive officer. All appointments are effective immediately.
  
  "With  these  appointments  today,  we've  taken an  important  step to  further
  strengthen  Comdisco's  management  effectiveness  at a  pivotal  time  for  the
  company," said Norm Blake, chairman and CEO. "Michael and Ron have abilities and
  experience that should prove invaluable in helping to guide Comdisco through the
  reorganization  process  toward our goal of  emergence  from Chapter 11 early in
  2002."
  
  In his new position,  Mr. Fazio will have direct  responsibility  for Comdisco's
  European Operations, its Ventures division and its Finance operations, reporting
  to Mr. Blake. Mr. Fazio joined Comdisco in July 2001 as executive vice president
  and chief financial officer. Prior to that, he was president and chief executive
  officer of Pretzel Logic Software, Inc. From 1999 to 2000, he was executive vice
  president/managing  director and chief operating officer - Americas for Deutsche
  Bank AG. Mr.  Fazio began his career with  Arthur  Andersen in 1983,  serving in
  increasingly  responsible  positions in  Andersen's  Financial  Market  Industry
  Practice,  including  partner-in-charge  of its New York Banking,  Brokerage and
  Investment Banking Industry Practice until 1999.
  
  In his new position,  Mr.  Mishler will be responsible  for Comdisco's  Finance,
  Treasury and Accounting  functions,  reporting to Mr. Fazio.  Mr. Mishler joined
  Comdisco in July as senior vice president and treasurer.  Prior to Comdisco,  he
  served as senior vice president and treasurer of Old Kent Financial  Corporation
  from 1998 to 2001.  Before that,  he was vice  president  and treasurer of USF&G
  Corporation  from 1996 to 1998, and from 1984 to 1996 he held various  financial
  analysis and management positions at Heller International Corporation.
  
  Comdisco,  Inc. and 50 domestic U.S.  subsidiaries filed voluntary petitions for
  relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court
  for the Northern  District of Illinois on July 16, 2001.  The filing  allows the
  company  to  provide  for an  orderly  sale  of some  of its  businesses,  while
  resolving  short-term liquidity issues and enabling the company to reorganize on
  a sound financial basis to support its continuing businesses.  Simultaneous with
  the filing,  Comdisco also announced the proposed sale of  substantially  all of
  its Availability Solutions business to Hewlett-Packard Company for $610 million.
  Closing of that transaction is subject to a court-supervised auction process.
  
  Comdisco's  operations located outside of the United States were not included in
  the chapter 11  reorganization  cases. All of Comdisco's  businesses,  including
  those that filed for chapter 11, are conducting normal  operations.  Comdisco is
  continuing  to pursue  other  strategic  alternatives  to  create  value for its
  stakeholders, including the potential sale of its leasing businesses, as well as
  the restructuring of its Ventures group. The company has targeted emergence from
  chapter 11 during early 2002.
  
  About Comdisco
  
  Comdisco  (www.comdisco.com)  provides technology services worldwide to help its
  customers maximize  technology  functionality,  predictability and availability,
  while  freeing  them from the  complexity  of  managing  their  technology.  The
  Rosemont,  (IL)  company  offers  a  complete  suite of  information  technology
  services  including  business  continuity,  managed web hosting,  storage and IT
  Control and Predictability Solutions SM. Comdisco offers leasing to key vertical
  industries,  including  semiconductor  manufacturing  and  electronic  assembly,
  healthcare, telecommunications, pharmaceutical, biotechnology and manufacturing.
  Through its Ventures  division,  Comdisco  provides  equipment leasing and other
  financing and services to venture capital backed companies.
  
  Safe Harbor:
  The foregoing  contains  forward-looking  statements  regarding  Comdisco.  They
  reflect the company's current views with respect to current events and financial
  performance,  are subject to many risks,  uncertainties  and factors relating to
  the company's  operations  and business  environment  which may cause the actual
  results  of the  company to be  materially  different  from any future  results,
  express or implied by such forward-looking  statements. The company intends that
  such forward-looking statements be subject to the Safe Harbor created by Section
  27(a)  of the  Securities  Act of 1933 and  Section  21E of the  Securities  and
  Exchange  Act  of  1934.  The  words  and  phrases  "expect,"   "estimate,"  and
  "anticipate"  and  similar  expressions  identify  forward-looking   statements.
  Certain factors that could cause actual results to differ  materially from these
  forward-looking  statements include, but are not limited to, the following:  the
  ability of the  Company  to  continue  as a going  concern;  the  ability of the
  Company to operate pursuant to the terms of the DIP Facility;  Court approval of
  the Company's  first day papers and other motions  prosecuted by it from time to
  time; the ability of the Company to develop,  prosecute,  confirm and consummate
  one or more plans of reorganization  with respect to the Chapter 11 Cases; risks
  associated  with third parties seeking and obtaining court approval to terminate
  or shorten the exclusivity  period for the Company to propose and confirm one or
  more plans of reorganization,  for the appointment of a Chapter 11 trustee or to
  convert the  Company's  cases to Chapter 7 cases;  the ability of the Company to
  reduce its  workforce  and  related  expenses  and to achieve  anticipated  cost
  savings; year end audit and other procedures which may affect the Company's 2001
  financial  results;  the  ability of the  Company to obtain  trade  credit,  and
  shipments  and terms with  vendors and  service  providers  for current  orders;
  potential  adverse  developments  with  respect to the  Company's  liquidity  or
  results of  operations;  the ability to fund and execute its business  plan; the
  ability of the Company to attract,  retain and  compensate  key  executives  and
  associates;  the  ability  of the  Company  to  attract  and  retain  customers;
  potential adverse publicity; and adjustments arising in the course of completing
  the  analysis  of  information  with  respect  to the  review  of the  company's
  businesses and evaluation of impairment  charges;  continuing  volatility in the
  equity  markets,  which can affect the  availability of credit and other funding
  sources to the high  technology  sector  companies  in the  Ventures  portfolio,
  resulting in the inability of those companies to satisfy their  obligations in a
  timely manner and an increase in bad debt  experience  beyond current  reserves;
  continued  consolidation in the  telecommunications  industry and curtailment of
  the growth plans of the remaining  companies in that sector,  which could result
  in fewer buyers and reduced  prices for available  Prism  assets,  and a further
  reduction  in the  proceeds  actually  received  from the  sale of those  assets
  compared to prior  estimates and an increase in the losses  associated  with the
  discontinued  operation.  Other risk factors are listed from time to time in the
  company's  SEC reports,  including,  but not limited to, the report on Form 10-Q
  for the  quarter  ended June 30,  2001.  Comdisco  disclaims  any  intention  or
  obligation  to update or revise  any  forward-looking  statements  whether  as a
  result of new information, future events or otherwise.
  
  Contacts:
  
  Mary Moster
  (847) 518-5147
  
  Fred Spar or Jeremy Fielding
  Kekst and Company
  (212) 521-4800
metadata_documents: [{"type": "8-K", "sequence": "1", "filename": "fazio2.txt", "description": "8-K ANNOUNCEMENT", "secsgml_size_bytes": 11213}]
metadata_filer: {"company-data": {"conformed-name": "COMDISCO INC", "cik": "0000722487", "assigned-sic": "7377", "irs-number": "362687938", "state-of-incorporation": "DE", "fiscal-year-end": "0930"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-07725", "film-number": "1772716"}, "business-address": {"street1": "6111 N RIVER RD", "city": "ROSEMONT", "state": "IL", "zip": "60018", "phone": "8476983000"}, "mail-address": {"street1": "6111 NOTH RIVER ROAD", "city": "ROSEMONT", "state": "IL", "zip": "60018"}}
text: SECURITIES AND EXCHANGE COMMISSION
                               Washington, D.C. 20549
  
                                      FORM 8-K
  
                                   CURRENT REPORT
  
                      Filed pursuant to Section 13 or 15(d) of
                         THE SECURITIES EXCHANGE ACT OF 1934
  
                                 September 24, 2001
                           Date of Earliest Event Reported
  
                                   COMDISCO, INC.
                               (Debtor-in-Possession)
                              (a Delaware Corporation)
                                6111 North River Road
                              Rosemont, Illinois 60018
                              Telephone (847) 698-3000
                            Commission file number 1-7725
                  I.R.S. Employer Identification Number 36-2687938
  
                                        -1-
  Item 5   Other Events
  
  On September 24, 2001,  Comdisco,  Inc. announced that Michael A. Fazio, 39, had
  been named to the position of president  and chief  operating  officer and chief
  executive officer, Europe, and that Ronald C. Mishler, 41, had been named senior
  vice  president and chief  financial  officer,  replacing  Mr. Fazio.  Norman P.
  Blake, who had been serving as chairman,  president and chief executive officer,
  continues  as  chairman  and  chief  executive  officer.  All  appointments  are
  effective immediately. On September 24, 2001, the Company issued a press release
  relating to the foregoing. A copy of the press release is attached hereto.
  
  In addition to his new position as president and chief  operating  officer,  and
  chief  executive  officer,  Europe,  Mr.  Fazio  was  elected  to the  board  of
  directors.
  
                                        -2-
  Item 7.  Financial Statements and Exhibits.
  
       (c) Exhibits
  
           Exhibit No.      Description
  
           99.1             Press Release of Comdisco, Inc., dated
                            September 24, 2001.
  
                                        -3-
  SIGNATURES
  
  Pursuant to the  requirements  of the  Securities  and Exchange Act of 1934, the
  Registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
  undersigned hereunto duly authorized.
  
                                 COMDISCO, INC.
  
                                      By:     /s/ Ronald Mishler
                                              ---------------------------
                                              Name:    Ronald Mishler
                                              Title:   Chief Financial Officer
  
  Dated:   October 18, 2001
  
                                        -4-
  EXHIBIT INDEX
  
       Exhibit No.       Description
  
      99.1              Press Release of Comdisco, Inc., dated September 24, 2001
  
                                        -5-
  EXHIBIT 99.1
    NEWS RELEASE
  
                COMDISCO ANNOUNCES EXECUTIVE MANAGEMENT APPOINTMENTS
  
  ROSEMONT,  IL, September 24, 2001 - Comdisco,  Inc.  (NYSE:CDO)  announced today
  that  Michael A.  Fazio,  39, has been named to the newly  created  position  of
  president and chief operating officer and chief executive  officer,  Europe, and
  that  Ronald C.  Mishler,  41, has been named  senior vice  president  and chief
  financial officer, replacing Mr. Fazio. Norman P. Blake, who had been serving as
  chairman, president and chief executive officer, continues as chairman and chief
  executive officer. All appointments are effective immediately.
  
  "With  these  appointments  today,  we've  taken an  important  step to  further
  strengthen  Comdisco's  management  effectiveness  at a  pivotal  time  for  the
  company," said Norm Blake, chairman and CEO. "Michael and Ron have abilities and
  experience that should prove invaluable in helping to guide Comdisco through the
  reorganization  process  toward our goal of  emergence  from Chapter 11 early in
  2002."
  
  In his new position,  Mr. Fazio will have direct  responsibility  for Comdisco's
  European Operations, its Ventures division and its Finance operations, reporting
  to Mr. Blake. Mr. Fazio joined Comdisco in July 2001 as executive vice president
  and chief financial officer. Prior to that, he was president and chief executive
  officer of Pretzel Logic Software, Inc. From 1999 to 2000, he was executive vice
  president/managing  director and chief operating officer - Americas for Deutsche
  Bank AG. Mr.  Fazio began his career with  Arthur  Andersen in 1983,  serving in
  increasingly  responsible  positions in  Andersen's  Financial  Market  Industry
  Practice,  including  partner-in-charge  of its New York Banking,  Brokerage and
  Investment Banking Industry Practice until 1999.
  
  In his new position,  Mr.  Mishler will be responsible  for Comdisco's  Finance,
  Treasury and Accounting  functions,  reporting to Mr. Fazio.  Mr. Mishler joined
  Comdisco in July as senior vice president and treasurer.  Prior to Comdisco,  he
  served as senior vice president and treasurer of Old Kent Financial  Corporation
  from 1998 to 2001.  Before that,  he was vice  president  and treasurer of USF&G
  Corporation  from 1996 to 1998, and from 1984 to 1996 he held various  financial
  analysis and management positions at Heller International Corporation.
  
  Comdisco,  Inc. and 50 domestic U.S.  subsidiaries filed voluntary petitions for
  relief under Chapter 11 of the U.S. Bankruptcy Code in the U.S. Bankruptcy Court
  for the Northern  District of Illinois on July 16, 2001.  The filing  allows the
  company  to  provide  for an  orderly  sale  of some  of its  businesses,  while
  resolving  short-term liquidity issues and enabling the company to reorganize on
  a sound financial basis to support its continuing businesses.  Simultaneous with
  the filing,  Comdisco also announced the proposed sale of  substantially  all of
  its Availability Solutions business to Hewlett-Packard Company for $610 million.
  Closing of that transaction is subject to a court-supervised auction process.
  
  Comdisco's  operations located outside of the United States were not included in
  the chapter 11  reorganization  cases. All of Comdisco's  businesses,  including
  those that filed for chapter 11, are conducting normal  operations.  Comdisco is
  continuing  to pursue  other  strategic  alternatives  to  create  value for its
  stakeholders, including the potential sale of its leasing businesses, as well as
  the restructuring of its Ventures group. The company has targeted emergence from
  chapter 11 during early 2002.
  
  About Comdisco
  
  Comdisco  (www.comdisco.com)  provides technology services worldwide to help its
  customers maximize  technology  functionality,  predictability and availability,
  while  freeing  them from the  complexity  of  managing  their  technology.  The
  Rosemont,  (IL)  company  offers  a  complete  suite of  information  technology
  services  including  business  continuity,  managed web hosting,  storage and IT
  Control and Predictability Solutions SM. Comdisco offers leasing to key vertical
  industries,  including  semiconductor  manufacturing  and  electronic  assembly,
  healthcare, telecommunications, pharmaceutical, biotechnology and manufacturing.
  Through its Ventures  division,  Comdisco  provides  equipment leasing and other
  financing and services to venture capital backed companies.
  
  Safe Harbor:
  The foregoing  contains  forward-looking  statements  regarding  Comdisco.  They
  reflect the company's current views with respect to current events and financial
  performance,  are subject to many risks,  uncertainties  and factors relating to
  the company's  operations  and business  environment  which may cause the actual
  results  of the  company to be  materially  different  from any future  results,
  express or implied by such forward-looking  statements. The company intends that
  such forward-looking statements be subject to the Safe Harbor created by Section
  27(a)  of the  Securities  Act of 1933 and  Section  21E of the  Securities  and
  Exchange  Act  of  1934.  The  words  and  phrases  "expect,"   "estimate,"  and
  "anticipate"  and  similar  expressions  identify  forward-looking   statements.
  Certain factors that could cause actual results to differ  materially from these
  forward-looking  statements include, but are not limited to, the following:  the
  ability of the  Company  to  continue  as a going  concern;  the  ability of the
  Company to operate pursuant to the terms of the DIP Facility;  Court approval of
  the Company's  first day papers and other motions  prosecuted by it from time to
  time; the ability of the Company to develop,  prosecute,  confirm and consummate
  one or more plans of reorganization  with respect to the Chapter 11 Cases; risks
  associated  with third parties seeking and obtaining court approval to terminate
  or shorten the exclusivity  period for the Company to propose and confirm one or
  more plans of reorganization,  for the appointment of a Chapter 11 trustee or to
  convert the  Company's  cases to Chapter 7 cases;  the ability of the Company to
  reduce its  workforce  and  related  expenses  and to achieve  anticipated  cost
  savings; year end audit and other procedures which may affect the Company's 2001
  financial  results;  the  ability of the  Company to obtain  trade  credit,  and
  shipments  and terms with  vendors and  service  providers  for current  orders;
  potential  adverse  developments  with  respect to the  Company's  liquidity  or
  results of  operations;  the ability to fund and execute its business  plan; the
  ability of the Company to attract,  retain and  compensate  key  executives  and
  associates;  the  ability  of the  Company  to  attract  and  retain  customers;
  potential adverse publicity; and adjustments arising in the course of completing
  the  analysis  of  information  with  respect  to the  review  of the  company's
  businesses and evaluation of impairment  charges;  continuing  volatility in the
  equity  markets,  which can affect the  availability of credit and other funding
  sources to the high  technology  sector  companies  in the  Ventures  portfolio,
  resulting in the inability of those companies to satisfy their  obligations in a
  timely manner and an increase in bad debt  experience  beyond current  reserves;
  continued  consolidation in the  telecommunications  industry and curtailment of
  the growth plans of the remaining  companies in that sector,  which could result
  in fewer buyers and reduced  prices for available  Prism  assets,  and a further
  reduction  in the  proceeds  actually  received  from the  sale of those  assets
  compared to prior  estimates and an increase in the losses  associated  with the
  discontinued  operation.  Other risk factors are listed from time to time in the
  company's  SEC reports,  including,  but not limited to, the report on Form 10-Q
  for the  quarter  ended June 30,  2001.  Comdisco  disclaims  any  intention  or
  obligation  to update or revise  any  forward-looking  statements  whether  as a
  result of new information, future events or otherwise.
  
  Contacts:
  
  Mary Moster
  (847) 518-5147
  
  Fred Spar or Jeremy Fielding
  Kekst and Company
  (212) 521-4800