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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): MARCH 3, 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 March 3, 1998, Consolidated Graphics, Inc. (the "Company") announced
the signing of a nonbinding letter of intent to acquire Printing, Inc. of
Wichita, Kansas. 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 March 3, 1998,
related to the announcement of the signing of a nonbinding letter of
intent to acquire Printing, Inc. of Wichita, Kansas.
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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
Executive Vice President,
Chief Financial and Accounting Officer
Date: March 5, 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 PRINTING, INC.
OF WICHITA, KANSAS
HOUSTON, TEXAS - March 3, 1998 -- Consolidated Graphics, Inc. (NYSE:CGX)
today announced the signing of a letter of intent to acquire Printing, Inc. of
Wichita, Kansas in a stock-for-stock transaction. Printing, Inc., operating
since 1958, is the leading commercial printing company in Wichita, serving
customers throughout Kansas and the Midwest region. Other terms of the
transaction were not disclosed.
Printing, Inc. continues Consolidated Graphics' aggressive acquisition
program and represents the Company's entry into another strong market.
Mark Woodman, President of Printing, Inc. will remain with the
company upon completion of the transaction.
Joe R. Davis, Chairman and Chief Executive Officer of Consolidated
Graphics, commented, "Printing, Inc. has demonstrated solid growth and strong
operating performance under Mark Woodman's leadership. The company, through the
dedicated efforts of its employees, has established itself as both a market and
industry leader. With the addition of Printing, Inc. and two other pending
acquisitions, Consolidated Graphics has grown to 33 companies nationwide with
over $350 million in annualized revenues, a 100% increase over the past twelve
months."
Discussing his decision to join Consolidated Graphics, Mr. Woodman said,
"By providing our customers the highest quality products and service, we have
grown over the past 40 years into a five company operation that is recognized as
the leading commercial printer in the region. With Consolidated Graphics, we
will continue our growth and capitalize on the managerial and financial
resources that become available to us."
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.
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, general economic conditions, continued demand for its product, the
availability of raw materials, retention of its key management and operating
personnel, as well as other factors detailed in Consolidated Graphics' filings
with the Securities and Exchange Commission.
