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UNITED STATES
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): June 3, 1999 (June 1, 1999)
AMERICAN PAD & PAPER COMPANY
(Exact name of registrant as specified in its charter)
Commission file number 1-11803
Delaware 04-3164298
(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
17304 Preston Road, Suite 700, Dallas, TX 75252-5613
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (972) 733-6200
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Item 5. Other Events.
On June 1, 1999, American Pad & Paper Company (OTCBB:AMPP) (AP&P) announced
the appointment of Lee E. Meyer as President of its Creative Card Division.
This press release is incorporated herein as Exhibit 99.029.
Exhibit
99.29 Press release by the Company dated June 1, 1999.
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 hereunto duly authorized.
American Pad & Paper Company
June 3, 1999 /s/ David N. Pilotte
Date David N. Pilotte
Vice President and Corporate Controller
Principal Accounting Officer
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Exhibit 99.029
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For Immediate Release CONTACT: Mark Lipscomb
(972) 733-5415
AMERICAN PAD & PAPER APPOINTS A PRESIDENT FOR THE CREATIVE CARD DIVISION
DALLAS, Texas, June 1, 1999, -- American Pad & Paper Company (OTCBB:AMPP)
(AP&P) announced today that it has named Lee E. Meyer as President of its
Creative Card Division.
Mr. Meyer, 46, will be responsible for all operations of the Creative Card
Division, which is an industry leader in the design and publishing of holiday
greeting cards, all occasion greeting cards, social and business announcements
and pre-printed papers for desktop publishing.
With over 20 years of industry experience, Mr. Meyer's most recent position
prior to joining AP&P was President, of Current Inc. and PaperDirect Inc., a
$225+ million manufacturer and marketer of greeting cards and papers. Prior to
that he held both executive and operational positions with Deluxe Corporation
and Procter and Gamble.
Mr. Meyer will report directly to William Morgan, Chief Operating Officer
of AP&P, and will be based in Chicago. During the first half of 2000, the
Company plans to consolidate Creative Card's current multiple locations in
Chicago into a single location to further increase efficiencies and provide a
strong platform to expand Creative Card's market position.
Commenting on his appointment, Mr. Meyer said, "The Century(TM) greeting
card line is well known within the industry for its quality and award winning
designs. I look forward to helping the Creative Card Division grow its current
strong base of business and increase its profit contribution to AP&P."
"Our decision to bring in Lee, a successful industry leader, will help
expand Creative Card's market presence," said James W. Swent III, Chief
Executive Officer of AP&P. "During his tenure, Current Inc.'s revenues grew from
$40 million to over $225 million annually. Lee was a key player in helping
Current expand its operations and enter new markets. I am confident that he will
help drive both immediate and long-term improvements and expansion in our
Creative Card business."
American Pad & Paper Company is a leading manufacturer and marketer
of paper-based office products in North America. Product offerings include
envelopes, writing pads, file folders, machine papers, greeting cards and other
office products. The key operating divisions of the Company are Williamhouse,
AMPAD, and Creative Card. Company revenues in 1998 were $662 million and
additional information is available on the Company's Website at
http://www.americanpad.com.
This release contains forward-looking statements relating to future
results. Actual results may differ significantly as a result of factors over
which the Company has no control, including, but not limited to the following:
changing economic conditions, slower than anticipated sales growth, price and
product competition and changes in raw material costs. Additional information,
which could affect the Company's financial results, is included in the Company's
filings with the Securities and Exchange Commission.
