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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
MAY 12, 1998
Date of Report (Date of Earliest Event Reported)
NASHUA CORPORATION
(Exact Name of Registrant as Specified in its Charter)
DELAWARE
(State or Other Jurisdiction of Incorporation)
1-5492-1 02-0170100
(Commission File Number) (I.R.S. Employer Identification No.)
44 FRANKLIN STREET
NASHUA, NEW HAMPSHIRE 03060
(Address of Principal Executive Offices)
(603)880-2323
(Registrant's Telephone Number, Including Area Code)
NOT APPLICABLE
(Former Name or Former Address, if Changed Since Last Report)
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INFORMATION TO BE INCLUDED IN THE REPORT
ITEM 5 - OTHER EVENTS
On May 12, 1998, Nashua Corporation issued the following press release:
NASHUA CORPORATION REALIGNS SENIOR MANAGEMENT TEAM
Nashua, NH, May 12, 1998 -- Nashua Corporation (NYSE: NSH) today
announced the realignment of the Company's senior management team
designed to streamline Nashua's corporate staff and reduce expenses.
This management realignment reflects Nashua's recently implemented
strategic initiatives which have resulted in a more focused, yet
smaller, company.
As part of the organizational realignment, the Company has promoted
Assistant Treasurer and Director of Corporate Taxes John L. Patenaude
to the position of Vice President- Finance, Chief Financial Officer
and Treasurer and has appointed Associate General Counsel Peter C.
Anastos to the position of Vice President and General Counsel. Vice
President-Finance and Chief Financial Officer Daniel Junius, Vice
President and General Counsel Paul Buffum, and Associate General
Counsel Daniel Lyman will be leaving Nashua at the end of May 1998.
Assistant Treasurer William Manning will be transitioning to
Controller of Nashua's Specialty Coated Products Division.
Gerald G. Garbacz, Nashua's Chairman, President and Chief Executive
Officer, stated, "During the past several months, our strategic
initiatives have transformed Nashua into a more disciplined,
market-focused Company. At the same time, we have become a
substantially smaller company. We believe that this management
realignment brings our corporate staff structure and overhead in line
with our new streamlined operations. Although we are appreciative of
the valuable contributions that Dan, Paul and Dan have made to our
Company over the years and their individual capabilities, a leaner
corporate structure is needed to implement our growth strategy and
return Nashua to sustainable profitability."
The Company indicated that the costs associated with this realignment
were included in the restructuring charges in 1997.
John Patenaude has a Bachelor's Degree in Accounting from Boston
College and a Master's Degree in Taxation from Bentley College.
Patenaude joined Nashua Corporation in 1991 after serving as a Senior
Tax Manager at Coopers & Lybrand L.L.P.
Peter Anastos received his Bachelor's Degree in government from
Dartmouth College and his J.D. from Boston University. Prior to
joining Nashua Corporation in 1992, Anastos practiced law in Boston.
Nashua Corporation markets specialty imaging products and services to
industrial and commercial customers. The Company's products include
thermal papers, pressure- sensitive labels and specialty papers, as
well as copier, ink jet and laser printer supplies.
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SIGNATURES
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.
NASHUA CORPORATION
Date: May 18, 1998 By /s/ Peter C. Anastos
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Peter C. Anastos
Vice President, General
Counsel and Secretary
