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 23, 1996
CONSOLIDATED GRAPHICS, INC.
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
TEXAS 0-24068 76-0190827
(STATE OR OTHER JURISDICTION (COMMISSION FILE NUMBER) (I.R.S. EMPLOYER
OF INCORPORATION) IDENTIFICATION NO.)
2210 WEST DALLAS STREET
HOUSTON, TEXAS 77019
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES AND ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (713) 529-4200
ITEM 5. OTHER EVENTS
On May 23, 1996, Consolidated Graphics, Inc. (the "Company") announced the
signing of a letter of intent to acquire Garner Printing of Des Moines, Iowa for
an undisclosed amount. A copy of the press release is attached hereto as Exhibit
99.
The attached press release may contain forward looking information. Readers
are cautioned that such information involves risks and uncertainties, including
the possibility that events may occur which preclude completion of the Company's
pending acquisitions.
ITEM 7. FINANCIAL STATEMENTS AND EXHIBITS
(A) EXHIBITS
The following exhibit is filed herewith:
99 Press release of Consolidated Graphics, Inc. dated May 23, 1996
with respect to the pending acquisition of Garner Printing of Des
Moines, Iowa.
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SIGNATURE
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.
CONSOLIDATED GRAPHICS, INC.
(Registrant)
By: /s/ G. CHRISTOPHER COLVILLE
G. CHRISTOPHER COLVILLE
VICE PRESIDENT -- MERGERS AND
ACQUISITIONS CHIEF FINANCIAL
AND ACCOUNTING OFFICER
Date: May 24, 1996
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EXHIBIT 99
Consolidated Graphics
NEWS RELEASE
Contact: Mary K. Collins
Senior Vice President
(713) 529-4200
CONSOLIDATED GRAPHICS
TO ACQUIRE GARNER PRINTING OF DES MOINES
HOUSTON, TX (May 23, 1996) - Consolidated Graphics, Inc. (Nasdaq/NM:COGI)
today announced the signing of a letter of intent to acquire Garner Printing of
Des Moines, Iowa. Terms of the agreement were not disclosed.
Garner Printing is a high-quality, full-service, sheet-fed printer. The
company's five sheet-fed presses have up to seven-color capability and are
complemented by state-of-the-art prepress equipment and a complete bindery. The
company reported revenues of $13 million in 1995.
Management of Garner Printing, including owners Bob Garner, President, and
Jerry Ross, Tom Kruger, and Bill Duro, Vice Presidents, will continue in their
present roles following the acquisition. The company's name will also remain
unchanged.
"Garner Printing has a reputation for being one of the top printers in the
Midwest," said Joe R. Davis, chairman and chief executive officer of
Consolidated Graphics, Inc. "The company provides outstanding service, has
highly capable personnel and an excellent array of production equipment. We are
excited about adding Garner Printing to our existing group of strong companies.
"This acquisition represents our first entry into the Midwest market and
is our third announced acquisition in the last 60 days, joining Bridgetown
Printing in Portland, Oregon, and Eagle Press in Sacramento. The total annual
revenues to be generated by these three companies is approximately $28 million,"
concluded Davis.
Consolidated Graphics, Inc. is one of the fastest growing printing
companies in the United States. It is a consolidator in a fragmented industry
that adds value to its acquisitions by providing the financial and operational
strengths, management support and technological advantages associated with a
larger organization. With the completion of the acquisitions of Garner Printing,
Bridgetown Printing, and Eagle Press, Consolidated Graphics will operate
printing companies in a total of eleven markets which also include Dallas,
Denver, Houston, Phoenix, San Antonio, San Diego, Seattle and Tulsa.
-END-
Consolidated Graphics, Inc.
2210 West Dallas Street
Houston, Texas 77019
(713) 529-4200
