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
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED): MAY 30, 1996
CADMUS COMMUNICATIONS CORPORATION
(Exact Name of Registrant as Specified in Charter)
VIRGINIA
(State or Other Jurisdiction
of Incorporation)
0-12954
(Commission
File Number)
54-1274108
(I.R.S. Employer
Identification No.)
6620 WEST BROAD STREET, SUITE 500
RICHMOND, VIRGINIA 23230
(Address of Principal Executive Offices)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE
(804) 287-5680
<PAGE>
ITEM 5. OTHER EVENTS.
On May 30, 1996, Cadmus Communications Corporation issued the press release
attached hereto as Exhibit 99.1 with respect to organizational changes.
ITEM 7. EXHIBIT.
Exhibit 99.1 Press Release
<PAGE>
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 on May 31, 1996.
CADMUS COMMUNICATIONS CORPORATION
By: /s/ C. Stephenson Gillispie, Jr.
C. Stephenson Gillispie, Jr.
Chairman, President, and Chief Executive Officer
<PAGE>
EXHIBIT INDEX
EXHIBIT PAGE
99.1 Press Release
EXHIBIT 99.1
NEWS RELEASE
CONTACT
David E. Bosher
Vice President & Treasurer
(804) 287-5685
CADMUS COMMUNICATIONS CORPORATION
ANNOUNCES ORGANIZATIONAL CHANGES
RICHMOND, VA, May 30, 1996 -- Cadmus Communications Corporation announced today
a realignment of its business groups and several related leadership changes.
Cadmus has divided its former Print Group into two new business groups, a
Graphic Communications Group and a Periodical Group, to accompany its existing
marketing and publishing groups. The Graphic Communications Group embodies the
Company's promotional printing, financial communications, specialty packaging,
point-of-purchase, and media replication product lines, as well as print
production facilities in Atlanta, Georgia; Charlotte, North Carolina; Richmond,
Virginia; and Baltimore, Maryland. The Graphic Communications Group is also
responsible for developing and delivering full-service solutions to the
Company's Fortune 1000 customers. Total annual sales for this group are
approximately $130 million.
The Periodical Group includes Cadmus Journal Services and the Company's magazine
printing product line. Cadmus Journal Services is comprised of the operations of
the Company's recent acquisition, Lancaster Information Group, as well as
operations in Richmond, Virginia and in Easton and Baltimore, Maryland. Total
annual sales for the Periodical Group are approximately $205 million.
The Company has two other business groups: marketing and publishing. The
Marketing Group, with annual sales of approximately $35 million, consists of the
Company's direct marketing, interactive, and catalog product lines. The
Publishing Group, with annual sales of approximately $22 million, consists of
the Company's consumer and custom publishing product lines.
In connection with these changes, the Company announced several
leadership and organizational changes. Michael Dinkins, formerly Cadmus' vice
president and chief financial officer, has been named group president for the
Graphic Communications Group. Mr. Dinkins joined Cadmus in 1994. In addition,
the Company announced that David G. Wilson, Jr. has been named group president
for the Periodical Group. Mr. Wilson, who has been with Cadmus since 1963,
will continue to serve as president and chief executive officer of Cadmus
Journal Services. Bruce Thomas, who will continue to serve as Cadmus' vice
president of law and development, also has been named chief financial
officer. Mr. Thomas has been with Cadmus since 1992.
-more-
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In making this announcement, Steve Gillispie, chairman, president, and chief
executive officer of Cadmus, commented, "We are working to increase
accountability for the management of both manufacturing and human resources.
These changes will make Cadmus more efficient and effective. We have created the
alignment and the focus necessary to improve the delivery of full-service
offerings to our customers. Also, we anticipate that the new structure will
improve manufacturing efficiency, increase utilization rates, and lower capital
and operating costs throughout Cadmus." Mr. Gillispie continued, "We are also
enthusiastic about the appointments we have made. Bruce, Dave and Michael are
deeply committed to Cadmus and share our vision to make Cadmus a preferred
source for 21st century graphic communication and marketing solutions. They
bring strong leadership skills and tremendous energy to their new roles."
Cadmus Communications Corporation is a graphic communications company offering
comprehensive, specialized products and services in three broad areas: printing,
marketing, and publishing. Headquartered in Richmond, Virginia, Cadmus is one of
the largest graphic communications companies in North America.
