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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 24, 2000
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 03064
(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 EVENT
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On May 24, 2000, Nashua Corporation issued the following press release:
NASHUA NAMES ANDREW ALBERT TO BOARD OF DIRECTORS
NASHUA, N.H., May 24, 2000 -- Nashua Corporation (NYSE: NSH) announced
today that its Board of Directors has elected Andrew (Andy) Albert to its
Board of Directors, increasing the company's board members to eight.
Albert became President and Chief Operating Officer of Nashua on April
17th, when the company closed on its strategic acquisition of Rittenhouse
Paper Company, a transaction announced in March. Albert, 54, had been
Chairman and Chief Executive Officer of Rittenhouse since 1983. Under his
leadership, Rittenhouse has become a leading manufacturer and marketer of
a wide range of specialty paper, pressure-sensitive labels and imaging
supplies.
Noting that Albert's election to the board was expected, as part of the
terms of the Rittenhouse transaction, Jerry Garbacz, Nashua Chairman and
Chief Executive Officer, said, "We are excited to have Andy join us at
the helm to further ensure the smooth integration of Rittenhouse and to
take this company to the next level. Andy's 20 years of strong
leadership, industry expertise and well-established reputation will be
key to achieving our goal: to expand our niche leadership positions in
paper and label manufacturing and to generate strong returns for our
shareholders over the long term."
"I am pleased to be part of the Nashua team at such a pivotal time in
its 150 year history. The combination of these companies' complementary
strengths will result in operational cost synergies, improved
distribution and a broadened customer base that will fuel top- and
bottom-line growth," said Albert. "By leveraging our core competencies in
paper and label manufacturing, the new Nashua will have a stronger and
highly focused platform to expand our niche leadership positions and
provide customers with unparalleled service. We believe the new company
will create substantial incremental value for our shareholders."
Prior to Rittenhouse, Andy Albert was Vice President and General Manager
in the London office of American National Bank & Trust of Chicago and
held positions at Irving Trust Company in New York. He received a degree
in Political Science from Washington University and earned an MBA from
the University of Wisconsin. Andy also serves on the board of the
University of Wisconsin Business School and the Juvenile Diabetes
Foundation of Chicago.
Nashua Corporation manufactures and markets a wide variety of specialty
imaging products and services to industrial and commercial customers.
With the addition of Rittenhouse, the company's products include thermal
papers, pressure-sensitive labels, cut/roll, bond, point of sale, ATM and
wide format papers, entertainment tickets, as well as toners and
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developers and ribbons for use in imaging devices. Additional information
about Nashua Corporation can be found on the World Wide Web at
www.nashua.com.
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FORWARD-LOOKING STATEMENTS
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," "will be," "will result,"
"will fuel," "will create," "believe," 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, and resources, 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 profitability, general economic
and industry conditions, failure to achieve the Rittenhouse transaction's
synergies, the settlement of various tax issues, 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.
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 26, 2000 By /s/ Peter C. Anastos
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Peter C. Anastos
Vice President, General Counsel
and Secretary
