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): December 18, 1998
(December 16, 1998)
Commission file number: 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.
This Form 8-K is filed for each of United Stationers Inc., a
Delaware corporation, and its wholly owned subsidiary,
United Stationers Supply Co., an Illinois corporation
(collectively the "Company"). United Stationers Inc. is a
holding company with no operations separate from its
operating subsidiary, United Stationers Supply Co. and its
subsidiaries.
Item 5. Other Events
The Company announced today that its board of directors
has approved a new organization structure designed to
support the Company's strategic direction.
Daniel H. Bushell has been named to the position of
executive vice president, chief financial officer, and chief
development officer. In addition to his existing
responsibilities as chief financial officer, he will be
responsible for exploring new options and acquisitions,
including international opportunities, to fuel the Company's
growth strategy. Bushell will also be responsible for the
Company's newer initiatives including Lagasse Bros, Inc.,
which was acquired in October 1996, and Azerty, which was
acquired in April 1998.
Michael D. Rowsey has resigned as executive vice
president and as a director of the Company. Mike will be
devoting his time to pursue new interests.
Steven R. Schwarz has been named to the position of
executive vice president and president of the Company's core
office supply business. Schwarz has been with United
Stationers for more than 20 years and most recently has had
responsibility for marketing and merchandising.
Item 7. Exhibits
Exhibit 99
Press release issued by the Company on December 16,
1998.
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: December 18, 1998 By: /s/ Daniel H. Bushell
Daniel H. Bushell
Executive Vice President and
Chief Financial Officer
<PAGE>
Exhibit 99
Kathleen S. Dvorak
Vice President, Investor Relations
or
Randall W. Larrimore
President and Chief Executive Officer
United Stationers Inc.
(847) 699-5000
FOR IMMEDIATE RELEASE
UNITED STATIONERS INC. ANNOUNCES
ORGANIZATIONAL CHANGES
DES PLAINES, Ill., Dec. 16, 1998 -- United Stationers Inc.
(NASDAQ: USTR) announced today that its board of directors has
approved a new organization structure designed to support the
company's strategic direction. As a result of a 15-month strategic
planning effort, the company will align its management team to drive
sales growth by more closely focusing on product, channel and
operating strategies as well as other growth initiatives.
Steven R. Schwarz, 44, has been named to the position of
executive vice president and president of the company's core office
supply business. Schwarz has been with United Stationers for more
than 20 years and most recently has had responsibility for marketing
and merchandising.
Daniel H. Bushell, 46, has been named to the position of
executive vice president and chief development officer. In addition
to his responsibilities as chief financial officer, he will be
responsible for exploring new options and acquisitions, including
international opportunities, to fuel the company's growth strategy.
Bushell will also be responsible for the company's newer initiatives
including Lagasse Bros, Inc., which was acquired in October 1996, and
Azerty, which was acquired in April 1998.
Michael D. Rowsey has resigned as executive vice president and
as a director of the company. Randall W. Larrimore, president and
chief executive officer, stated, "Mike Rowsey has played a vital role
in the merger of United and Associated and has been instrumental in
positioning United Stationers as a leader in the business products
industry. Mike has decided to leave the company to pursue new
interests. We wish Mike well in his future endeavors."
"Since the merger in 1995, the company has performed extremely
well and has produced impressive financial results. We must continue
to be responsive to changing market dynamics. Our new organization
will enable us to execute our strategy against very clearly defined
goals and objectives. The changes being undertaken will lay the
groundwork for future growth and profitability and will allow us to
take customer service to an even higher level," added Larrimore.
United Stationers Inc. is North America's largest wholesaler of
business products to resellers. Through its computer-based
distribution systems, it makes more than 35,000 items available to
over 20,000 resellers substantially within 24 hours of order
placement through 64 regional distribution centers.
United Stationers' common stock trades on The Nasdaq Stock
MarketSM under the symbol USTR.
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