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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): April 8, 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 April 8, 1998, Consolidated Graphics, Inc. (the "Company") announced the
completion of the acquisition of 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 April 8, 1998,
related to the announcement of the completion of the acquisition of
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/ G. CHRISTOPHER COLVILLE
G. Christopher Colville
Executive Vice President,
Chief Financial and Accounting Officer
Date: April 10, 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/Jonathan Schaffer
Media: Stan Froelich/Eileen King
Morgen-Walke Associates, Inc.
(212) 850-5600
FOR IMMEDIATE RELEASE
CONSOLIDATED GRAPHICS COMPLETES
ACQUISITION OF TURSACK INCORPORATED
HOUSTON, TEXAS - April 8, 1998 -- Consolidated Graphics, Inc. (NYSE:CGX)
today announced the completion of its acquisition of Tursack Incorporated
("Tursack"), the premier high-quality color printer located in Philadelphia,
Pennsylvania. The acquisition of Tursack provides Consolidated Graphics a strong
entry into eastern Pennsylvania, New York, New Jersey and Delaware.
Terms of the transaction were not disclosed.
Joe R. Davis, Chairman and Chief Executive Officer of Consolidated
Graphics, commented, "Tursack is an exceptional organization headquartered in
Philadelphia, one of the largest printing markets in the country. With its close
proximity to many of the major metropolitan markets in the region, Tursack also
gives us access to numerous key markets in the Northeast. We look forward to
bringing our capabilities to Tursack and helping Bob Tursack and his strong team
grow their operations."
Bob Tursack, Jr., President of Tursack, stated, "Becoming a part of
Consolidated Graphics places us ahead of our competition with financial strength
and the backing of a truly unique organization. Our joining Consolidated
Graphics is a very positive development for our staff and our customers."
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 36 companies with annualized
revenues in excess of $365 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, 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.
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