<PAGE> 1
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
JANUARY 23, 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)
Page 1 of 5
Exhibit Index appears on page 4.
<PAGE> 2
ITEM 5. OTHER EVENTS
The Registrant has announced that it has signed an agreement in principal
to sell its Plastic Molded Concepts business unit ("PMC") of Eagle, Wisconsin.
Further details of this development are contained in the press release of the
Registrant dated January 23, 1996 and attached hereto as Exhibit A.
Page 2
<PAGE> 3
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
- --------------------------
Chief Financial Officer, Treasurer, Public Information Officer and Director
Page 3
<PAGE> 4
EXHIBIT INDEX
EXHIBIT A. Registrant's Press Release Dated January 23, 1996 Page 5
Page 4
<PAGE> 1
EXHIBIT A.
NEWS
FOR IMMEDIATE RELEASE January 23, 1996
Schawk, Inc. For further information, contact
1695 River Road Marie Meisenbach Graul
Des Plaines, IL 60018 847/827-9494, ext. 221
SCHAWK ANNOUNCES AGREEMENT TO SELL PLASTIC MOLDED CONCEPTS
DES PLAINES, IL, (January 23, 1996) -- Schawk, Inc. -- (NYSE: SGK) today
announced that it has signed an agreement in principal to sell its Plastic
Molded Concepts business unit ("PMC") to a group comprised of members of the
PMC management team. PMC, which is located in Eagle, Wisconsin is a plastics
company specializing in custom contract injection molding of durable goods for
the industrial and healthcare markets. PMC also manufactures a proprietary
product line of plastic chain, and lawn and garden edging products which are
sold under the Plasti-Chain name. The management team buyout is being lead by
Larry Floyd, the current President of PMC.
Ronald J. Kay, President of the Schawk, Inc. Plastics Group indicated, "this
business transaction allows us to focus our Plastics Group strategy on growing
our two core businesses; filtration and thermoforming. We have significant
growth opportunities in these product and market areas and we intend to
strengthen and profitably grow these businesses through further acquisitions
and investments in new proprietary development."
The agreement in principal is subject to the negotiation and execution of
definitive purchase and sale agreements, financing requirements and certain
other matters. Terms of the transaction will not be disclosed at this time.
Mr. Kay indicated however, "proceeds from the sale will be utilized to further
reduce debt. "We expect to complete this transaction by the end of the first
quarter of 1996."
Schawk, Inc. consists of two operating groups; the Imaging and Information
Technologies Group ("Imaging Group") and the Plastics Group. Schawk's Imaging
Group is a leader in the graphic arts industry, providing a complete line of
premium prepress services and products for food, beverage and consumer products
packaging, as well as related marketing and advertising materials, and the
management of customer's electronic data files. Through its Plastics Group,
Schawk is a global manufacturer of injection molded filtration products and,
thermoform packaging for the healthcare, automotive, consumer and industrial
markets.
-END-
Page 5
