CONSOLIDATED GRAPHICS INC /TX/
8-K, 1997-12-09
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): DECEMBER 8, 1997

                           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 December 8, 1997, Consolidated Graphics, Inc. (the "Company") announced
the signing of a nonbinding letter of intent to acquire StorterChilds Printing
Company, Inc. in Gainesville, Florida. 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 December 8,1997,
          related to the announcement of the signing of a nonbinding letter of
          intent to acquire StorterChilds Printing Company, Inc. in Gainesville,
          Florida.
<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/ Harold E. Gaubert, Jr.
                                              Harold E. Gaubert, Jr.
                                              Executive Vice President -
                                              Finance and Administration

Date:  December 8, 1997

                                        2

                                                                      EXHIBIT 99

                                            FOR:   Consolidated Graphics, Inc.

                                    APPROVED BY:   Ronald E. Hale, Jr.
                                                   Vice President & Treasurer
                                                   (713) 529-4200

                                        CONTACT:   Betsy Brod/Nancy Healy
                                                   Media: Stan Froelich
                                                   Morgen-Walke Associates, Inc.
                                                   (212) 850-5600

FOR IMMEDIATE RELEASE

                     CONSOLIDATED GRAPHICS TO ACQUIRE STORTERCHILDS
                       PRINTING COMPANY IN GAINESVILLE, FLORIDA

     HOUSTON, TEXAS - December 8, 1997 -- Consolidated Graphics, Inc. (NYSE:CGX)
today announced the signing of a letter of intent to acquire StorterChilds
Printing Company, Inc. of Gainesville, Florida in a stock-for-stock transaction.
With the acquisition of StorterChilds, Consolidated Graphics makes its entry
into the attractive Florida printing market. StorterChilds, founded almost 50
years ago, is an award-winning printing company and one of the leading
commercial printers in Central Florida.

     StorterChilds Printing Company's management team of John Childs and Jim
Storter will continue to lead the company after the transaction is completed.
Commenting on the announcement, Childs said, "Our company has been successful
because we consistently provide our customers superior service and the highest
quality color products. With Consolidated Graphics, we join a premier group of
companies that share our dedication to customer service and an organization with
the resources to help us grow and prosper in the future. This is a great
opportunity for our employees and our company to join the industry leader."

     Joe R. Davis, Chairman and Chief Executive Officer of Consolidated
Graphics, stated, "The addition of StorterChilds is a very positive first step
into an important U.S. printing market and we look forward to working with John
Childs, Jim Storter, and their dedicated employees on ways to further strengthen
their market position in Central Florida."

     Consolidated Graphics is the fastest growing printing company in the United
States. A consolidator in a highly fragmented industry, the Company adds value
to its acquisitions through managerial and operational expertise, financial
strength and economies of scale. Upon completion of this acquisition
Consolidated Graphics will have 27 companies with annualized revenues in excess
of $260 million.

     This press release contains forward-looking statements which involve known
and unknown risks, uncertainties or other factors that could cause actual
results to materially differ from the results, performance or other expectations
implied by these forward looking statements. Consolidated Graphics' expectations
regarding run-rate revenues assume, among other things, completion of pending
acquisitions that are subject to the execution of definitive agreements, general
economic conditions, continued demand for its product, the availability of raw
materials at affordable prices, retention of its key management and operating
personnel, as well as other factors detailed in Consolidated Graphics' filings
with the Securities and Exchange Commission.


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