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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
JUNE 8, 1999
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
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On June 8, 1999, Nashua Corporation issued the following press release:
NASHUA CORPORATION ANNOUNCES ORGANIZATIONAL CHANGES
COMPANY REALIGNS MANAGEMENT TEAM AND REPORTING STRUCTURE
NASHUA, N.H., June 8, 1999 - Nashua Corporation (NYSE: NSH) today announced
the resignation of Joseph I. Gonzalez-Rivas, Vice President of the Company
and President of the Imaging Supplies Division. Mr. Rivas is joining World
Power Technology in Edison, New Jersey as its President and CEO.
Separately, Gene P. Pache, Vice President of Nashua and President of the
Company's Label Products Division, has left the Company for personal
reasons.
Gerald G. Garbacz, Nashua's Chairman, President and CEO, stated, "Both Gene
and Joe have made important contributions to Nashua and we wish them well
in the future. Each has assembled strong, experienced management teams that
will provide Nashua with a solid foundation for growth. We are confident
that the executive teams in place today will continue to accelerate the
progress we have made to transform Nashua into a stronger, more agile
competitor that is focused on attractive opportunities in niche specialty
imaging markets. Given our accomplishments to date, the activities
currently underway, and the outlook for our markets, we expect that 1999
will be a year of solid growth for Nashua."
As a result of today's announcement, Nashua has streamlined the Company's
management team and reporting structure. Donna DiGiovine, General Manager
of the Imaging Supplies' Toner and Developer Business, and Frank Faticanti,
General Manager of the Imaging Supplies' Remanufactured Laser Toner
Cartridge business will report directly to Mr. Garbacz. In addition, the
Label Products' management team will report to Mr. Garbacz until the
Company completes its search for a new president.
Ms. DiGiovine, who was recently promoted to the position of General Manager
of the Toner and Developer Business, joined the Company in July 1996 as
Manager of Consumer Product Marketing for the Imaging Supplies Division.
Prior to joining the Company, Ms. DiGiovine spent 13 years in a variety of
marketing, sales support and customer service positions at Avery Dennison.
Ms. DiGiovine has a Bachelor of Science degree from Babson College.
Mr. Faticanti, who has been General Manager of the Remanufactured Laser
Toner Cartridge Business since June 1998, has held various positions of
increasing responsibility within Nashua Corporation since 1979. Mr.
Faticanti has Bachelor of Science degrees from the University of
Massachusetts and University of Lowell, and has a Masters in Business
Administration from Rivier College.
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The Company also announced that Peter L. Miller has joined the Imaging
Supplies Division as Director of Manufacturing for toner and developer
products, reporting to Ms. DiGiovine. Before joining the Company, Mr.
Miller was Director of the Toner division for Sharp Manufacturing
Corporation of America in Memphis, Tennessee. Prior to that, Mr. Miller
held a number of positions related to the development and manufacture of
toner, developer and other related products at Xerox Corporation. Mr.
Miller has earned a Bachelor of Science from the University of Rochester
and has studied chemical engineering at Clarkson University.
This press release contains forward-looking statements as that term is
defined in the Private Securities Litigation Reform Act of 1995. When used
in this press release, the words "will continue," "expect" and similar
expressions are intended to identify such forward-looking statements. Such
forward-looking statements are subject to risks and uncertainties which
could cause actual results to differ materially from those anticipated.
Such risks and uncertainties include, but are not limited to, the Company's
future capital needs, fluctuations in customer demand, intensity of
competition from other vendors, timing and acceptance of new product
introductions, delays or difficulties in programs designed to increase
sales and return the Company to profitability, general economic and
industry conditions, risks associated with the failure by the Company and
certain third parties to achieve Year 2000 compliance on a timely basis,
and other risks set forth in the Company's filings with the Securities and
Exchange Commission. The Company assumes no obligation to update the
information contained in this press release.
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.
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: June 14, 1999 By /s/ Peter C. Anastos
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Peter C. Anastos
Vice President, General Counsel
and Secretary
