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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 8, 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 a Letter of Intent
with Stanmont, Inc., a privately held company in Montreal, Quebec, Canada. The
Registrant intends to acquire 100% of the stock of Stanmont, Inc. Stanmont has
operations in Montreal and two operating facilities in Toronto, Ontario and had
revenues of $20 million (US) in 1995. 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 8, 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.
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(Registrant)
/s/ David A. Schawk
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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 8, 1996 Page 5
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EXHIBIT A.
NEWS
FOR IMMEDIATE RELEASE July 8, 1996
For further information, please contact:
SCHAWK, INC. STANMONT, INC.
Marie Meisenbach Graul Bernard G. Cote
Chief Financial Officer President
847/827-9494 514/527-4111
SCHAWK, INC. ANNOUNCES INTENDED ACQUISITION OF STANMONT, INC.
Des Plaines, IL -- Monday, July 8, 1996 -- Schawk, Inc. (NYSE-SGK) today
announced that it has entered into a Letter of Intent with Stanmont, Inc. of
Montreal, Quebec, Canada. Stanmont has operations in Montreal and two
operating facilities in Toronto, Ontario under the names of Batten Graphics and
Cyber Images. Stanmont has been in business for 25 years and has 175
employees. Schawk intends to acquire 100% of the stock of Stanmont, Inc.
Stanmont is a privately held company and had revenue of $20 million (US) in
1995.
David A. Schawk, Chief Executive Officer of Schawk, Inc., indicated that
the acquisition of Stanmont is consistent with strategic objectives of growing
the Schawk Companies to supply the global imaging requirements for
multinational customers and to take advantage of consolidation opportunities
within the imaging market.
Schawk stated, "Stanmont brings to Schawk a sizable Canadian operation
which produces imaging products for the packaging, retail, collateral and
advertising markets. Stanmont and Schawk will operate together as part of a
global company adding many excellent Canadian clients onto our customer
roster." Schawk continued, "Another result of the combination will be greater
purchasing power and the continuing expansion of our imaging technology base.
We believe that this transaction will further enhance our ability to better
serve our multinational client base."
Bernard G. Cote, President of Stanmont, Inc. stated, "As part of Schawk,
Stanmont looks forward to continuing its growth in the Canadian market and is
pleased to be able to provide additional and extended services to its clients
in taking advantage of Schawk's depth and proven track record in the imaging
business."
Details of the agreement as still subject to due diligence; however, the
Company expects to close this transaction later this summer. The Companies are
not disclosing the terms of the transaction.
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