SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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 26, 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
ITEM 5. OTHER EVENTS
On March 26, 1998, Consolidated Graphics, Inc. (the "Company") announced the
signing of a nonbinding letter of intent to acquire Image Systems, Inc. of
Milwaukee, Wisconsin. A copy of the press release is attached hereto as Exhibit
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
The following exhibit is filed herewith:
99 Press release of Consolidated Graphics, Inc. dated March 26, 1998,
related to the announcement of the signing of a nonbinding letter of
intent to acquire Image Systems, Inc. of Milwaukee, Wisconsin.
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.
By: /s/ G. Christopher Colville
G. Christopher Colville
Executive Vice President,
Chief Financial and Accounting Officer
Date: March 27, 1998
FOR: Consolidated Graphics, Inc.
APPROVED BY: Ronald E. Hale, Jr.
Vice President & Treasurer
CONTACT: Betsy Brod/Jonathan Schaffer
Media: Stan Froelich
Morgen-Walke Associates, Inc.
FOR IMMEDIATE RELEASE
CONSOLIDATED GRAPHICS TO ACQUIRE IMAGE SYSTEMS, INC.
OF MILWAUKEE, WISCONSIN
HOUSTON, TEXAS - March 26, 1998 -- Consolidated Graphics, Inc. (NYSE:CGX)
today announced the signing of a letter of intent to acquire Image Systems, Inc.
of Milwaukee, Wisconsin. Image Systems is a high quality commercial printer
serving a wide variety of corporate clients. Terms of the transaction were not
George Fiel, President of Image Systems, will remain with the company upon
completion of the transaction. Discussing the announcement, Fiel said, "With
Consolidated Graphics, we join the most successful group of commercial printing
companies in the United States. They share our long-standing commitment to
advanced printing technologies, a commitment that has created for us a
competitive advantage in our market. As part of Consolidated Graphics we look
forward to fully capitalizing on that advantage."
Joe R. Davis, Chairman and Chief Executive Officer of Consolidated
Graphics, added, "Image Systems marks our entry into yet another strong printing
market. George Fiel and his staff have dedicated themselves to providing their
customers a superior product through hard work and a technology-driven focus on
customer service. We are very pleased with their decision to join Consolidated
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 35 companies with annualized
revenues in excess of $360 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.