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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
AUGUST 20, 1998
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 completed the acquisition of
Horan Imaging Solutions, a leading supplier to the New York advertising agency
market, founded over seventy years ago, with revenues of approximately $17
million.
This 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 August 3, 1998 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/ James J. Patterson
- ----------------------
Chief Financial Officer
/s/ Dennis D. Wilson
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Director of Financial Reporting and Chief Accounting Officer
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EXHIBIT INDEX
EXHIBIT A. Registrant's Press Release August 3, 1998
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EXHIBIT 99.1
EXHIBIT A.
[ LOGO OF SCHAWK, INC.]
NEWS FOR IMMEDIATE RELEASE
Schawk, Inc.
1695 River Road
Des Plaines, IL 60018
For further information, please contact:
James J. Patterson, Senior Vice President and Chief Financial Officer
at 847.827.9494 or e-mail: [email protected]
SCHAWK COMPLETES ACQUISITION OF
HORAN IMAGING SOLUTIONS
Des Plaines, IL - August 3, 1998 - Schawk, Inc., (NYSE:SGK) North
America's leading digital imaging company for consumer products, announced today
that it has completed the acquisition of Horan Imaging Solutions, Inc. Horan has
been a leading supplier to the New York advertising agency market since its
founding over seventy years ago. Their services include digital image assembly,
scanning and other high quality color imaging services.
David A. Schawk, President and Chief Executive Officer of Schawk, Inc.,
stated, "We have worked very closely with Horan for the last two months and are
more excited than ever that Horan and the existing Schawk operating divisions
will be extremely complementary to each other. The benefits that Schawk will
contribute, particularly in the area of technology, will enable Horan to
continue providing superior services to meet their clients' changing
requirements. Horan will provide Schawk with a truly blue chip imaging service
provider to the agency marketplace."
Frank Maquire, Jr., President of the Horan division, added, "We are
extremely pleased with the relationships which have been established within the
Schawk organization. As a result of this transaction, our ability to meet our
clients' growing requirements for speed and quality has been greatly enhanced."
In his concluding remarks, Mr. Schawk indicated that the transaction
was one of three concluded during 1998. "The acquisition of Horan is consistent
with our ongoing practice of acquiring leading imaging service providers to the
packaging, agency and promotional markets. We look forward to Horan's continuing
growth as part of the Schawk organization."
Schawk, Inc., headquartered in suburban Chicago, is a leading supplier
of electronic digitized high resolution color imaging, database management and
on-site facility management, as well as related prepress and digital archiving
and distribution services. Schawk provides advanced technology services for the
food, beverage and consumer products packaging, point of sale and advertising
markets.
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