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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.
January 19, 2000
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Date of Report (Date of earliest event reported)
WALLACE COMPUTER SERVICES, INC.
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(Exact name of registrant as specified in its charter)
Delaware 1-6528 36-2515832
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
2275 Cabot Drive, Lisle, Illinois 60532-3630
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (630) 588-5000
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INFORMATION TO BE INCLUDED IN THE REPORT
Item 5 - Other Events
Attached as Exhibit 1 is a press release of the Registrant dated January 19,
2000, anouncing the retirement of Robert J. Cronin from the position of Chairman
and CEO of Registrant. The press release also announces the appointment of Neele
E. Stearns, Jr. as Chairman and Michael O. Duffield as Interim CEO.
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 thereunto duly authorized.
Date: January 19, 2000 Wallace Computer Services, Inc.
(Registrant)
Steven L. Carson
Secretary
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EXHIBIT I
2275 CABOT DRIVE
LISLE, IL 60532-3630
T 630.588.5000 F 630.588.5115
[LOGO] WALLACE NEWS RELEASE
FOR IMMEDIATE RELEASE
Cronin Retires From Wallace;
Stearns Named Chairman and Duffield Named Interim CEO
Lisle, Ill., January 19, 2000 -- Wallace Computer Services, Inc. (NYSE:WCS)
today announced that Chairman and CEO Robert J. Cronin, 55, is retiring from
Wallace and its Board of Directors effective immediately. Board member Neele E.
Stearns, Jr., has been named Chairman, and Michael O. Duffield, currently
President and Chief Operating Officer, will assume interim responsibilities as
CEO. A search will be conducted for a full-time CEO which will include both
Duffield and external candidates and is expected to take several months.
"I have truly enjoyed the 33 years of service with Wallace and am
especially proud of the last seven years as CEO. However, seven years is a long
time serving a dynamic changing organization and for personal reasons it is time
to move on," said Cronin.
"Speaking for the Board, I want to express our deepest appreciation and
gratitude to Bob for the energy and true commitment that he brought to this
company," added Stearns.
Cronin began his career in 1967 as a Wallace sales representative and
later held successive sales management positions culminating in Senior Vice
President of Sales and Marketing. He was made President and Chief Executive
Officer in 1992 and was named Chairman in 1998.
Stearns, 63, is the former President and Chief Executive Officer of CC
Industries, a holding company with manufacturing and real estate development
operations. He joined the Wallace Board in 1990 and most recently chaired the
Board's Governance and Nominating Committee and also served on the Audit and
Executive Committees.
Duffield, 47, began his career with Wallace as a plant management
trainee and subsequently held various management positions including Plant
Manager. He was later promoted to Manager of Manufacturing for the Business
Forms Division, and then to Vice President of Distribution. He became Vice
President of Operations in 1990 with responsibility for all manufacturing and
distribution operations. He was promoted to Senior Vice President in 1992, and
was made President and COO in 1998.
Wallace (http://www.wallace.com/) is recognized as the leading provider
of print management services to Fortune 2000 companies through its Total Print
Management program. The company's introduction of these services in 1992 has led
the trend for large companies to outsource the management and distribution of
printed materials. With nationwide resources across a wide range of traditional
and digital capabilities, Wallace can be a large organization's single print
management source. The company's print management services include eCommerce,
distribution logistics, digital asset management, inventory management, and
print optimization. Wallace is headquartered in Lisle, Illinois with
manufacturing, distribution and sales facilities throughout the United States.
