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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
JULY 29, 1996
Date of Report
(Date of earliest event reported)
SCHAWK, INC.
(Exact name of Registrant
as specified in its charter)
DELAWARE
(State or other jurisdiction of incorporation or organization)
1-9335
(Commission File Number(s))
36-2545354
(I.R.S. Employer Identification No.)
1695 RIVER ROAD
DES PLAINES, ILLINOIS
(Address of principal executive office)
60018
(Zip Code)
847/827-9494
(Registrant's telephone number, including area code)
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Exhibit Index appears on page 4.
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ITEM 5. OTHER EVENTS
The Registrant has announced that it has entered into an agreement
providing for the acquisition of Converterscan, a supplier of digitally imaged
products headquartered in Stanford, Connecticut, by Schawk, Inc. As part of
the transaction, Schawk will acquire 100 percent of the stock of Converterscan,
a privately owned company with 1995 revenues of approximately $5.2 million.
Converterscan, a recognized leader in the packaging market, has operating
facilities in both Stanford, Connecticut and Atlanta, Georgia.
This intended acquisition has been deemed not to be "significant" as
defined by Instruction 4 to Item 2 of the Form 8-K. Further details of this
development are contained in the press release of the Registrant dated July 29,
1996 and attached hereto as Exhibit A.
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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, hereunto duly authorized.
SCHAWK, INC.
- -------------
(Registrant)
/s/ David A. Schawk
- -----------------------------------------------
President, Chief Executive Officer and Director
/s/ Marie Meisenbach Graul
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Chief Financial Officer, Treasurer, Public Information Officer and Director
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EXHIBIT INDEX
EXHIBIT A. Registrant's Press Release Dated July 29, 1996 Page 5
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EXHIBIT A.
NEWS
FOR IMMEDIATE RELEASE July 29, 1996
For further information, please contact:
Ms. Marie Meisenbach Graul Mr. Jacques Lily
Chief Financial Officer President
Schawk, Inc. (847) 827-9494 Converterscan (202) 359-4885
SCHAWK, INC. ANNOUNCES INTENDED ACQUISITION OF CONVERTERSCAN
Des Plaines, IL -- July 29, 1996 -- Schawk, Inc. (NYSE-SGK), a leading
imaging and information services and plastics manufacturing company, and
Converterscan, a nationally recognized supplier of digitally imaged products,
have entered into an agreement providing for the acquisition of Converterscan
by Schawk. As part of the transaction, Schawk will acquire 100 percent of the
stock of Converterscan, a privately owned company with 1995 revenues of
approximately $5.2 million. Converterscan, a recognized leader in the
packaging market, has operating facilities in both Stanford, Conn. and Atlanta,
Ga.
Details of the agreement remain subject to certain conditions;
however, the companies expect to close this transaction on or about August 1,
1996. The companies are not disclosing the terms of the transaction.
"The acquisition of Converterscan is consistent with the strategic
objective of expanding Schawk's position as a leading provider of imaging
products and services for our multinational clients and to take advantage of
consolidation opportunities which are occurring within the imaging market,"
said David A. Schawk, Chief Executive Officer of Schawk, Inc.
Mr. Schawk added, "Converterscan brings additional clients and growth
in one of our core competency areas, flexible packaging for the food and
beverage industries. They are one of the pioneers in the manufacturing of
digital plates which further complements our existing operations. We believe
the integration of Converterscan into the Schawk Family of companies further
demonstrates our growth capabilities, and will enhance the product mix
available to our clients."
Mr. Jacques Lilly, President of Converterscan commented, "We are very
excited about becoming part of the Schawk organization and believe this
transaction will enable us to better meet our clients' ever-increasing demands
for cycle time reduction."
Converterscan, founded in 1983, has clients which include major
multinational food and beverage companies as well as multi-site domestic
printer/converters of flexible packaging in the U.S.
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