SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
The Securities Exchange Act of 1934
Date of Report: October 21, 1996
Date of earliest event reported: October 21, 1996
Commission file number 33-31706-01
SULLIVAN COMMUNICATIONS, INC.
(Exact name of registrant as specified in its charter)
Delaware 62-1395968
(State of incorporation) (I.R.S. employer identification number)
225 High Ridge Road
Stamford, Connecticut 06905
(203) 977-8101
(Address, including zip code, and telephone number, including area code, of
registrant's principal executive offices)
SULLIVAN GRAPHICS, INC.
(Exact name of regiment as specified in its charter)
New York 62-1003976
(State of incorporation) (I.R.S. employer identification number)
100 Winners Circle
Brentwood, Tennessee 37027
(615) 377-0377
(Address, including zip code, and telephone number, including area code, of
registrant's principal executive offices)
Not applicable
(Former name, former address and former fiscal year,
if changed since last report)
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Item 5. Other Events
Sullivan Communications and Sullivan Graphics today announced
that their EBITDA for the three months ended September 30, 1996 was
approximately $13.1 million (exclusive of approximately $1.9 million of
non-recurring charges), compared to $12.5 million for the same period in 1995.
The Print division's EBITDA was approximately $12.0 million ($11.2 million for
the 1995 period), American Color's EBITDA was approximately $2.0 million ($1.9
million for the 1995 period) and the EBITDA for other operations was
approximately $(.9) million ($(.6) million for the 1995 period). EBITDA consists
of earnings before net interest expense, income tax expense or benefit,
depreciation, amortization, other special charges related to asset write-offs
and write-downs, other income and expense, discounted operations and
extraordinary items.
Sullivan Communications, through its Sullivan Graphics
subsidiary, is one of the nation's largest suppliers of commercial heatset
offset and flexo printing. The company's ten production facilities print and
distribute products such as weekly retail advertising inserts, Sunday comic
sections, comic books and large format publications for many of the country's
leading retailers and major newspapers.
American Color, the digital imaging and prepress division of
Sullivan Communications, is one of the country's largest prepress service
organizations. The Phoenix-based company has 16 strategically located facilities
across the country. American color facilities and Sullivan Graphics plants are
linked by a state-of-the- art digital communications network to provide
instantaneous delivery of prepress materials from coast to coast.
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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.
SULLIVAN COMMUNICATIONS, INC.
SULLIVAN GRAPHICS, INC.
Date: October 21, 1996 By: /s/Joseph M.Milano
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Joseph M. Milano
Senior Vice President and
Chief Financial Officer
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