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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): March 6, 2000
(March 4, 2000)
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
Daniel H. Bushell has resigned as Executive Vice President, Chief
Development Officer, and Chief Financial Officer of United Stationers Inc.
(the "Company") and of its wholly owned subsidiary, United Stationers Supply
Co., effective March 4, 2000. His resignation was based on his desire to be
in a chief executive officer-type position, not a reflection of the financial
condition of the Company. Randall W. Larrimore will serve as Interim Chief
Financial Officer until a replacement is found. Mr. Larrimore will continue
serving as President and Chief Executive Officer of the Company.
ITEM 7. EXHIBITS
Exhibit 99
Press release issued by the Company on March 6, 2000.
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: March 6, 2000 By: Randall W. Larrimore
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Randall W. Larrimore
President, Chief Executive Officer, and
Interim Chief Financial Officer
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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 RESIGNATION OF OFFICER
DES PLAINES, Ill. March 6, 2000 -- United Stationers Inc. (Nasdaq:USTR),
North America's largest distributor of business products, announced that
Daniel H. Bushell has resigned as executive vice president, chief development
officer, and chief financial officer. Bushell has been chief financial
officer at United Stationers since 1995 and its predecessor, Associated
Stationers, since 1992.
"Dan desires to be in a chief executive officer-type position.
Together, we have agreed that such an opportunity would not be available to
him at United Stationers in the near term," said Randall W. Larrimore,
president and chief executive officer. "His role at United has been far
beyond that of chief financial officer. Dan has made significant and
valuable contributions to our company's strategy, growth, profitability and
strong financial position. We will miss Dan, but because of his
contributions, United Stationers is well-positioned to achieve its goals,"
added Larrimore.
"United is a great company. It has terrific people and I am going to
miss them," said Bushell.
The company has engaged Peter Crist, vice chairman of Korn Ferry
International, to conduct a search for a new CFO. Mr. Larrimore will serve
as chief financial officer in the interim.
United Stationers Inc. is a $3.4 billion company and is North America's
largest distributor of business products to resellers. United makes more
than 35,000 items available to 20,000 resellers within 24 hours of receiving
the order. It does this through an integrated distribution system that links
39 regional distribution centers, 21 Lagasse distribution centers that serve
the janitorial and sanitation industry, and six Azerty distribution centers
that serve computer supply resellers.
With the exception of statements regarding historical matters, the
matters discussed in this press release contain forward-looking statements
within the meaning of Section 21E of the Securities Exchange Act of 1934, as
amended. Forward-looking statements involve risks and uncertainties which
could cause actual results to differ materially from the forward-looking
information. Such risks and uncertainties include, but are not limited to,
the highly-competitive environment in which the Company operates, the
integration of acquisitions, changes in end-users" traditional demands for
business products, reliance by the Company on certain key suppliers, and the
effects on the Company of fluctuations in manufacturers" pricing and general
economic conditions. A description of these factors, as well as other
factors, which could affect the Company's business, is set forth in certain
of the Company's filings with the Securities and Exchange Commission.
The company's common stock trades on the Nasdaq National Market System
under the symbol USTR and is included in the S&P SmallCap 600 Index.
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