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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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 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
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ITEM 5. OTHER EVENTS
On July 8, 1997, Consolidated Graphics, Inc. (the "Company") announced
that it has signed a nonbinding letter of intent to acquire Austin Printing
Company, Inc. in Atlanta, Georgia. A copy of the press release is attached
hereto as Exhibit 99.1.
On July 9, 1997, the Company announced that it has signed a nonbinding
letter of intent to acquire The Walnut Circle Press, Inc. in Greensboro, North
Carolina. A copy of the press release is attached hereto as Exhibit 99.2.
The attached press releases 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 exhibits are filed herewith:
99.1 Press release of Consolidated Graphics, Inc. dated July 8, 1997,
with respect to the Company's announcement that it has signed a
nonbinding letter of intent to acquire Austin Printing Company,
Inc. in Atlanta, Georgia.
99.2 Press release of Consolidated Graphics, Inc. dated July 9, 1997,
with respect to the Company's announcement that it has signed a
nonbinding letter of intent to acquire The Walnut Circle Press,
Inc. in Greensboro, North Carolina.
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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: July 9, 1997
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EXHIBIT 99.1
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
CONSOLIDATED GRAPHICS TO ACQUIRE
AUSTIN PRINTING COMPANY, INC. IN ATLANTA, GEORGIA
HOUSTON, TEXAS -- JULY 8, 1997 -- CONSOLIDATED GRAPHICS, INC. (NYSE/CGX)
today announced the signing of a letter of intent to acquire Austin Printing
Company, Inc. in Atlanta, Georgia in a non-taxable stock-for-stock transaction.
Other terms were not disclosed.
Austin Printing Company is a high-quality sheet-fed commercial printer
serving many of Atlanta's leading companies. The company was founded in 1967 by
Charles Austin, who will continue as Chairman of the Board. Commenting on his
company's decision to join Consolidated Graphics, Mr. Austin said, "After
spending thirty years growing this company, I am pleased to see it will continue
under its existing name and be a part of the best group of printing companies in
America." Mike Strickland, President of Austin Printing, stated, "Speaking for
myself and our employees, we are very excited to be joining the Consolidated
Graphics family of companies. As part of a larger organization, we look forward
to utilizing the resources that will become available to us to increase our
already strong level of customer service."
Joe R. Davis, Chairman and Chief Executive Officer of Consolidated
Graphics, commented "We are very pleased that Austin Printing has decided to
join Consolidated Graphics as our first entry into the Atlanta market -- a very
important U.S. printing market. Austin Printing has a dedicated group of
employees who, together with Charlie Austin and Mike Strickland and their
management team, have successfully established a reputation for quality
craftsmanship and superior customer service. Austin Printing will be an
excellent addition to our already strong group of companies."
Consolidated Graphics, Inc. is one of the fastest growing printing
companies in the U.S. It is a consolidator in a highly fragmented industry,
adding value to its acquisitions through its managerial and operational
expertise, financial strength, and economies of scale. Upon completion of
pending announced acquisitions, Consolidated Graphics will operate 22 companies
in 17 markets with annualized run-rate revenues in excess of $200 million.
EXHIBIT 99.2
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
CONSOLIDATED GRAPHICS TO ACQUIRE THE WALNUT CIRCLE PRESS, INC.
IN GREENSBORO, NORTH CAROLINA
HOUSTON, TEXAS -- JULY 9, 1997 -- CONSOLIDATED GRAPHICS, INC. (NYSE/CGX)
today announced the signing of a letter of intent to acquire The Walnut Circle
Press, Inc. in Greensboro, North Carolina. The Walnut Circle Press has served
the Piedmont Triad market since its founding in 1977. Terms of the transaction
were not disclosed.
The Walnut Circle Press is a high-quality, commercial sheet-fed printer.
Bruce Clapper, President of the Company, and his management team will continue
to lead the Company after the transaction is completed. Commenting on the
announcement, Clapper said, "Consolidated Graphics is the ideal team to join as
we pursue our growth opportunities in this market."
Joe R. Davis, Chairman and Chief Executive Officer of Consolidated
Graphics, commented "The Walnut Circle Press' reputation for craftsmanship and
customer service makes it an excellent acquisition for us, strengthening our
base of operations in this important region."
Consolidated Graphics, Inc. is recognized as 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 pending
announced acquisitions, Consolidated Graphics will operate 23 companies in 18
markets with annualized run-rate revenues in excess of $210 million.
