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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): JANUARY 30, 1998
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.)
5858 WESTHEIMER, SUITE 200
HOUSTON, TEXAS 77057
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES AND ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE: (713) 787-0977
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ITEM 5. OTHER EVENTS
On January 30, 1998, Consolidated Graphics, Inc. (the "Company") announced
the signing of a nonbinding letter of intent to acquire Tursack Incorporated
("Tursack") of Philadelphia, Pennsylvania. 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 January 30, 1998,
related to the announcement of the signing of a nonbinding letter of
intent to acquire Tursack Incorporated ("Tursack") of Philadelphia,
Pennsylvania.
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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/ HAROLD E. GAUBERT, JR.
Harold E. Gaubert, Jr.
Executive Vice President -
Finance and Administration
Date: February 2, 1998
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EXHIBIT 99
FOR: Consolidated Graphics, Inc.
APPROVED BY: Ronald E. Hale, Jr.
Vice President & Treasurer
(713) 787-0977
CONTACT: Betsy Brod/Nancy Healy
Media: Stan Froelich
Morgen-Walke Associates, Inc.
(212) 850-5600
FOR IMMEDIATE RELEASE
CONSOLIDATED GRAPHICS TO ACQUIRE TURSACK INCORPORATED
OF PHILADELPHIA, PENNSYLVANIA
HOUSTON, TEXAS - January 30, 1998 -- Consolidated Graphics, Inc. (NYSE:CGX)
today announced the signing of a letter of intent to acquire Tursack
Incorporated ("Tursack") of Philadelphia, Pennsylvania. The acquisition of
Tursack, the premier high-quality color printer serving eastern Pennsylvania,
New York, New Jersey and Delaware, marks Consolidated Graphics' entry into this
important market. Terms of the transaction were not disclosed.
Joe R. Davis, Chairman and Chief Executive Officer of Consolidated
Graphics, stated, "Tursack Incorporated is a superior company located in one of
the nation's largest print markets. Bob Tursack and his dedicated employees have
developed a very impressive list of loyal customers by focusing on quality and
customer service. Tursack is an excellent addition to an already strong group of
companies that comprise Consolidated Graphics."
Bob Tursack Jr., President of Tursack, will continue to lead the company
after the acquisition is completed. Commenting on the announcement, Mr. Tursack
said, "From the day our family started this business 38 years ago, being the
best has always been our goal. With the additional resources now at our disposal
as part of Consolidated Graphics, we will be able to build upon the exceptional
reputation we have established over many years, a reputation earned by providing
our customers with the best in quality printing products and services."
Consolidated Graphics, Inc. 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 pending
acquisitions, Consolidated Graphics will have 32 companies with annualized
revenues in excess of $315 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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