================================================================================
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
------------------------
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 31, 1999
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 31, 1999, Consolidated Graphics, Inc. (the "Company") announced
the completion of the acquisition of CMI of Chicago, Illinois. A copy of the
press release is attached hereto as Exhibit 99.1.
On March 31, 1999, Consolidated Graphics, Inc. (the "Company") announced
the completion of the acquisition of Maxwell Graphic Arts of Philadelphia,
Pennsylvania. 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 March 31, 1999,
related to the completion of the acquisition of CMI of Chicago,
Illinois.
99.2 Press release of Consolidated Graphics, Inc. dated March 31, 1999,
related to the completion of the acquisition of Maxwell Graphic Arts
of Philadelphia, Pennsylvania.
<PAGE>
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-
Mergers & Acquisitions,
Chief Financial and Accounting Officer
Date: April 6, 1999
2
EXHIBIT 99.1
FOR: Consolidated Graphics, Inc.
APPROVED BY: Ronald E. Hale, Jr.
Vice President & Treasurer
(713) 787-0977
CONTACT: Betsy Brod/Jonathan Schaffer
Media: Merridith Ingram
Morgen-Walke Associates, Inc.
(212) 850-5600
FOR IMMEDIATE RELEASE
CONSOLIDATED GRAPHICS COMPLETES ACQUISITION
OF CMI OF CHICAGO, ILLINOIS
HOUSTON, TEXAS -- March 31, 1999 -- Consolidated Graphics, Inc. (NYSE:CGX)
announced today that it has completed its acquisition of CMI of Chicago,
Illinois. CMI offers a full range of high-quality commercial printing services
including pre-press and press capabilities as well as embossing, engraving, foil
stamping, binding, die cutting and fulfillment services. David Steinberg will
continue to lead the company as President. Terms of the transaction were not
disclosed.
Joe R. Davis, Chairman and Chief Executive Officer of Consolidated
Graphics, commented, "CMI represents another excellent printing company,
expanding our presence to one of the largest and most important print markets in
the country. CMI can now take advantage of our innovative technology, best
practices management approach and financial resources to continue their growth
and superior customer service. We are pleased to welcome David Steinberg and the
entire CMI staff to our organization."
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 53 companies with annualized
revenues in excess of $590 million. For more information, visit the Company's
website at www.consolidatedgraphics.com.
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.
# # #
EXHIBIT 99.2
FOR: Consolidated Graphics, Inc.
APPROVED BY: Ronald E. Hale, Jr.
Vice President & Treasurer
(713) 787-0977
CONTACT: Betsy Brod/Jonathan Schaffer
Media: Merridith Ingram
Morgen-Walke Associates, Inc.
(212) 850-5600
FOR IMMEDIATE RELEASE
CONSOLIDATED GRAPHICS COMPLETES ACQUISITION OF
MAXWELL GRAPHIC ARTS OF PHILADELPHIA, PENNSYLVANIA
HOUSTON, TEXAS -- March 31, 1999 -- Consolidated Graphics, Inc. (NYSE:CGX)
announced today that it has completed its acquisition of Maxwell Graphic Arts of
Philadelphia, Pennsylvania. Maxwell is a full-service commercial printing
company serving corporations, advertising and design firms, and marketing and
communication professionals in eastern Pennsylvania, New Jersey and Washington
D.C. Richard Maxwell, President, and Alan Kravitz, Vice President, will continue
with the company in their current capacities. Representing the sellers in the
transaction was Steven Blodgett of S.C. Blodgett & Co., Inc. of Malvern,
Pennsylvania. Terms of the transaction were not disclosed.
Joe R. Davis, Chairman and Chief Executive Officer of Consolidated
Graphics, commented, "Maxwell enhances our already strong presence in this
region of the country and continues our aggressive acquisition strategy. We look
forward to advancing the growth of Maxwell as we extend our proven operating
strategies and sound financial structure to the company and welcome Richard
Maxwell, Alan Kravitz, and their team of dedicated employees."
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 53 companies with annualized
revenues in excess of $590 million. For more information, visit the Company's
website at www.consolidatedgraphics.com.
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.
# # #
