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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
Date of Report (Date of earliest event reported) January 4, 1996
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Stevens International, Inc.
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(Exact name of registrant as specified in its charter)
Delaware 1-9603 75-2159407
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
5500 Airport Freeway, Fort Worth, Texas 76117
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (817) 831-3911
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ITEM 5. OTHER EVENTS.
On January 4, 1996, Stevens International, Inc. (the "Company") announced
that it had agreed in principle to settle the securities class action lawsuit
styled Lasker v. Stevens Graphics Corp., Cause No. 3:90-CV-2766-G filed in the
United States District Court for the Northern District of Texas. The Company's
contribution to the settlement will be in the form of warrants having a value of
$700,000. The settlement is subject to execution of a definitive agreement,
court approval and other customary terms and conditions. In connection with the
settlement, the Company issued a press release on January 4, 1996, which is
incorporated herein by reference and attached as Exhibit 99 to this Form 8-K.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS.
(c) Exhibits.
The following is a list of exhibits filed as part of this Current Report on
Form 8-K:
Exhibit No. Description
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99 Press release dated January 4, 1996 regarding
settlement of class action lawsuit styled Lasker
v. Stevens Graphics Corp., Cause No. 3:90-CV-2766-
G filed in the United States District Court for
the Northern District of Texas.(1)
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(1) Filed herewith.
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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.
STEVENS INTERNATIONAL, INC.
Date: January 5, 1996 By: /s/ Kenneth W. Reynolds
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Kenneth W. Reynolds
Senior Vice President --
Finance and Administration and
Chief Financial Officer
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INDEX TO EXHIBITS
Exhibit
Number Description of Exhibit
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99 Press release dated January 4, 1996 regarding
settlement of class action lawsuit styled Lasker v.
Stevens Graphics Corp., Cause No. 3:90-CV-2766-G filed
in the United States District Court for the Northern
District of Texas.(1)
__________________
(1) Filed herewith.
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EXHIBIT 99
[LOGO OF STEVENS INTERNATIONAL, INC. APPEARS HERE]
FOR IMMEDIATE RELEASE
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For Additional Information Please Contact:
Paul I. Stevens Kenneth W. Reynolds
Chairman and Chief Executive Officer Sr. V.P. and Chief Financial Officer
817-831-3911 817-831-3911
STEVENS INTERNATIONAL, INC.
REPORTS SETTLEMENT OF LAWSUIT
Forth Worth, TX, January 4, 1996--Stevens International, Inc. (AMEX-SVGA & SVGB)
announced today that it has agreed in principle to settle a securities class
action lawsuit that had been scheduled for trial in January. The Company's
contribution to the settlement would be in the form of warrants having a value
of $700,000.
The settlement is subject to execution of a definitive agreement, court approval
and other customary term and conditions.
Stevens' Chairman, Paul I. Stevens, commented that "while we continue strongly
to believe the allegations were without merit, we concluded that it was not in
our shareholders' best interest to continue funding the expense of this
litigation."
Stevens International, Inc. is a recognized leader in manufacturing and
marketing complete web-fed printing and packaging systems for the worldwide
packaging, banknote/security and specialty/commercial printing industries.
