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United States
Securities and Exchange Commission
Washington, DC 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 27, 1997
(May 23, 1997)
Commission file numbers: United Stationers Inc.: 0-10653
United Stationers Supply Co.: 33-59811
UNITED STATIONERS INC.
UNITED STATIONERS SUPPLY CO.
(Exact name of Registrant as specified in its charter)
United Stationers Inc.: Delaware 36-3141189
United Stationers Supply Co.: Illinois 36-2431718
(State or other jurisdiction of (IRS Employer
incorporation or organization) Identification No.)
2200 East Golf Road
Des Plaines, Illinois 60016-1267
(847) 699-5000
(Address, including zip code and telephone number, including
area code, of registrant's executive offices)
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United Stationers Inc. and United Stationers Supply Co.
Item 5. Other Events
Randall W. Larrimore has been elected to the positions
of President, Chief Executive Officer and Director of
United Stationers Inc. (the "Company") and of its wholly
owned subsidiary, United Stationers Supply Co., effective
May 23, 1997. Mr. Larrimore succeeds Frederick B. Hegi, the
Company's Chairman of the Board, Interim President and Chief
Executive Officer, who assumed the positions in November 1996.
Mr. Hegi will continue serving as Chairman of the Board of the
Company.
Item 7. Exhibits
Exhibit 99
Press release issued by the Company on May 27, 1997.
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.
United Stationers Inc.
United Stationers Supply Co.
Dated: May 27, 1997 By: /s/Daniel H. Bushell
Daniel H. Bushell
Executive Vice President and
Chief Financial Officer
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Exhibit 99
Kathleen S. Dvorak
Director, Investor Relations
or
Frederick B. Hegi, Jr.
Chairman of the Board
United Stationers Inc.
(847) 699-5000
FOR IMMEDIATE RELEASE
UNITED STATIONERS ELECTS
LARRIMORE TO PRESIDENT, CEO AND DIRECTOR
DES PLAINES, Ill., May 27, 1997 -- The United Stationers Inc.
board of directors today announced that Randall W. Larrimore, 50, has
been elected president, chief executive officer and a director. He
succeeds Frederick B. Hegi, Jr., 53, the company's chairman, interim
president and chief executive officer, who assumed the position in
November 1996. Hegi will continue serving as chairman.
"We are extremely pleased to have a person with Randy Larrimore's
experience, proven track record and value system as United Stationers'
president and chief executive officer," said Hegi. "The board of
directors was particularly impressed by his strategic planning
experience, his breadth of operational involvement and his ability to
lead and motivate a team to reach corporate goals."
"Randy's focus throughout his career has been on strategic
planning, providing superior customer service, achieving operational
efficiency, and developing consumer-based marketing programs. I am
confident that he will have the support of our strong management team
in developing new initiatives, implementing the plans already underway
and evaluating acquisitions to further enhance our growth and profit
opportunities," Hegi added.
Since 1988, Larrimore has been president and chief executive
officer of MasterBrand Industries, Inc., a manufacturer of leading
brands including Master Lock padlocks and Moen faucets, and a
subsidiary of American Brands. Under Larrimore's leadership, sales
grew from $437 million in 1988 to $1.4 billion in 1996, and operating
income tripled. Earlier in his career, Larrimore was with Richardson-
Vicks, McKinsey & Company and then with PepsiCo, first as director of
strategic planning for Europe, and then as general manager of Pepsi's
operations in Italy, Libya and Malta.
Larrimore holds a master's degree from Harvard Graduate School of
Business and an undergraduate degree in economics from Swarthmore
College He is on the board of directors of Evanston Hospital
Corporation. Larrimore resides in the Chicago area with his wife,
Judy, and two sons.
United Stationers Inc. is North America's largest wholesaler of
business products to resellers with 1996 sales of $2.3 billion.
Through its integrated computer-based distribution system, it makes
more than 30,000 items available to 15,000 resellers within 24 hours of
order placement through 41 regional distribution centers, and 14
Lagasse distribution centers specifically serving the janitorial and
sanitation industry.
The Company's common stock trades on the Nasdaq National Market
tier of the Nasdaq Stock Market under the symbol: USTR.
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