UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
Form 10-Q For the Period Ended: March 31, 1994
Commission File Number: 1-5064
PART I -- REGISTRANT INFORMATION
JOSTENS, INC.
(Full name of registrant)
5501 Norman Center Drive, Minneapolis, Minnesota 55437
(Address of principal executive offices) (Zip Code)
PART II -- RULES 12b-25(b) AND (c)
X (a) The reasons described in reasonable detail in Part III of this
form could not be eliminated without unreasonable effort or
expense;
X (b) The subject quarterly report on Form 10-Q will be filed on or
before the fifth calendar day following the prescribed due date;
and
(c) The accountant's statement or other exhibit required by Rule 12b-
25(c) has been attached if applicable.
PART III -- NARRATIVE
State below in reasonable detail the reasons why the Form 10-Q could not be
filed within the prescribed time period.
Due to the complexity of certain previously announced charges
taken in the third quarter of FY 1994, the Company is continuing
to review the impact relative to presentation and disclosure on
its financial statements of such charges.
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PART IV -- OTHER INFORMATION
(1) Name and telephone number of person to contact with regard to this
notification.
Orville E. Fisher, Jr. (612) 830-3241
(2) Have all other periodic reports required under Section 13 or 15(d) of
the Securities Exchange Act of 1934 or Section 30 of the Investment
Company Act of 1940 during the preceding twelve months or for such
shorter period that the registrant was required to file such report(s)
been filed? Yes
(3) Is it anticipated that any significant change in the results of
operations from the corresponding period for the last fiscal year will
be reflected by the earnings statements to be included in the subject
report or portion thereof? Yes
As previously announced, sales from continuing opera-
tions in the quarter were $158.7 million, compared
with $164.6 million in the third quarter a year
earlier. Net income for the third quarter was $1.7
million, or 4 cents per share, compared with restated
net income of $4.6 million, or 10 cents per share, a
year earlier.
In the third quarter, the Company recorded a non-cash
charge of $10.1 million, or 22 cents per share, after
taxes, to update accounting estimates involving
obsolete inventory, sale force receivables and bad
debts.
JOSTENS, INC.
(Name of Registrant as Specified in Charter)
has caused this Notification to be signed on its behalf by the undersigned
hereunto duly authorized.
By:/s/Robert C. Buhrmaster
Robert C. Buhrmaster
President and Chief Executive
Officer
Dated: May 16, 1994
