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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
Date of Report (Date of earliest event reported):
November 7, 1997
AMERICAN BUSINESS PRODUCTS, INC.
(Exact name of registrant as specified in its charter)
GEORGIA 1-7088 58-1030529
(State of (Commission File No.) (I.R.S. Employer
incorporation) Identification No.)
2100 RIVEREDGE PARKWAY, SUITE 1200
ATLANTA, GEORGIA 30328
(Address of principal executive offices, including zip code)
(770) 953-8300
(Registrant's telephone number, including area code)
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ITEM 5. OTHER EVENTS.
On November 7, 1997, Robert Gundeck resigned as President and Chief
Executive Officer of the Registrant and from the Board of Directors of the
Registrant, effective immediately. The Registrant has retained a national
search firm to find a new president. In the interim, Thomas R. Carmody has
reassumed the responsibilities of President and Chief Executive Officer.
Registrant's Press Release, issued November 7, 1997, is filed as Exhibit 99
hereto and incorporated herein by reference.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits:
The following exhibit is filed herewith:
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EXHIBIT NO. DESCRIPTION
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99 Press Release, issued November 7, 1997
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SIGNATURE
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.
AMERICAN BUSINESS PRODUCTS, INC.
/s/ Richard G. Smith
Dated: November 12, 1997 -------------------------------------------
Richard G. Smith
Vice President and Chief Financial Officer
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EXHIBIT INDEX
The following exhibits are filed as part of this Report.
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EXHIBIT NO. DESCRIPTION PAGE NO.
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99 Press Release, issued November 7, 1997
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CONTACT: T. R. CARMODY FOR IMMEDIATE RELEASE
R. W. GUNDECK RESIGNS
AS ABP PRESIDENT AND CEO
ATLANTA, November 7, 1997 - American Business Products, Inc. (NYSE:ABP)
announced today that Robert W. Gundeck, who has been President and Chief
Executive Officer since January, 1996, has resigned in order to pursue other
business opportunities. In order to facilitate an orderly transition, Mr.
Gundeck has agreed to continue on a consultant basis as needed. The Company
has retained a national search firm to find a new president.
In the interim, Thomas R. Carmody, Chairman of the ABP Board of Directors,
will reassume the responsibilities of President and Chief Executive Officer.
Mr. Carmody, 64, previously held those positions during 41 years with the
Company, serving as President and Chief Operating Officer from 1982 to 1985,
and Chief Executive Officer from 1988 to January 1, 1996. He has been Chairman
since 1994.
Mr. Carmody made the following statement: "On behalf of the Board of
Directors, let me assure ABP's customers, shareholders and employees that we
are moving forward with plans to grow the Company."
American Business Products, Inc., is a leading supplier of custom printing
services to growing niche markets. ABP operates through subsidiaries whose
products and services are: Curtis 1000 Inc., custom printed envelopes and
labels, digital document services and business forms; BookCrafters USA, Inc.,
short and medium run book printing, binding and distribution; International
Envelope Company, Tyvek(R) and other specialty envelopes and filing systems;
Jen-Coat, Inc., extrusion coating; and Discount Labels, Inc., customized
labels. ABP is a joint venture partner in Curtis 1000 Europe GmbH with
facilities in Germany, England, Luxembourg and Poland.
