CONSOLIDATED GRAPHICS INC /TX/
8-K, 1997-07-02
COMMERCIAL PRINTING
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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): JULY 1, 1997

                          CONSOLIDATED GRAPHICS, INC.
             (EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)

                TEXAS                                 0-24068                   
    (STATE OR OTHER JURISDICTION              (COMMISSION FILE NUMBER)          
          OF INCORPORATION)                                                     

                                   76-0190827
                                (I.R.S. EMPLOYER
                               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

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<PAGE>
ITEM 5.  OTHER EVENTS

     On July 1, 1997, Consolidated Graphics, Inc. (the "Company") announced
that it has signed a nonbinding letter of intent to acquire Georges & Shapiro
Lithograph, Inc. in Sacramento, California. 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 pending or
future acquisitions by the Company.

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

     (a)  EXHIBITS

     The following exhibit is filed herewith:

          99  Press release of Consolidated Graphics, Inc. dated July 1, 1997,
              with respect to the Company's announcement that it has executed a
              nonbinding letter of intent to acquire Georges & Shapiro
              Lithograph, Inc. in Sacramento, California.

                                       1
<PAGE>
                                   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:  July 2, 1997

                                       2


                                                                      EXHIBIT 99

                                 FOR:   Consolidated Graphics, Inc.
                         APPROVED BY:   Ronald E. Hale, Jr.
                                        Vice President
                                        (713) 529-4200
                             CONTACT:   Betsy Brod/Nancy Healy
                                        Media: Stan Froelich
                                        Morgen-Walke Associates, Inc.
                                        (212) 850-5600

FOR IMMEDIATE RELEASE

          CONSOLIDATED GRAPHICS ANNOUNCES LETTER OF INTENT TO ACQUIRE
                       GEORGES & SHAPIRO LITHOGRAPH, INC.

     HOUSTON, TEXAS -- JULY 1, 1997 -- CONSOLIDATED GRAPHICS, INC. (NYSE/CGX)
today announced the signing of a letter of intent to acquire Georges & Shapiro
Lithograph, Inc. in Sacramento, California. The transaction is expected to be
completed within 30 days. Other terms were not disclosed.

     Georges & Shapiro Lithograph, Inc. was founded in 1983 by Ed Georges and
Joel Shapiro, who will remain with the Company in their present management
roles. The Company serves the Sacramento and San Francisco Bay area including
Napa and Sonoma Valleys and the Silicon Valley. Georges & Shapiro Lithograph is
an award winning, full-service commercial printer, with complete pre-press and
bindery departments. Amvest Financial Group, Inc. served as financial advisors
to Georges & Shapiro for this transaction.

     Joe R. Davis, Chairman and Chief Executive Officer of Consolidated,
commented "Georges & Shapiro's decision to join Consolidated Graphics provides
an exciting opportunity to expand our share of the Northern California printing
market. Ed Georges and Joel Shapiro, together with their management and employee
team, have established an enviable reputation for superior quality and excellent
customer service. The addition of Georges & Shapiro Lithograph will complement
our existing operation in this market and is consistent with our strategy of
increasing through acquisition our share of the key commercial printing markets
in which we have an established presence. Upon completion of our pending
announced acquisitions, Consolidated Graphics will operate 21 companies in 16
markets with annualized run-rate revenues in excess of $200 million."

     Consolidated Graphics, Inc. is one of the fastest growing printing
companies in the U.S. It is a consolidator which adds value to its acquisitions
by providing the financial and operating strengths, management support and
technological advantages associated with a larger organization.

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