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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 13, 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
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ITEM 5. OTHER EVENTS
On January 13, 1999, Consolidated Graphics, Inc. (the "Company") announced
the signing of a letter of intent to acquire Wentworth Printing Corp. of
Columbia, South Carolina. 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 13, 1999,
related to the announcement of the signing of a letter of intent to
acquire Wentworth Printing Corp. of Columbia, South Carolina.
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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-
Mergers & Acquisitions
Chief Financial and Accounting Officer
Date: January 21, 1999
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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: Merridith Ingram/Eileen King
Morgen-Walke Associates, Inc.
(212) 850-5600
FOR IMMEDIATE RELEASE
CONSOLIDATED GRAPHICS TO ACQUIRE WENTWORTH PRINTING CORP.
OF COLUMBIA, SOUTH CAROLINA
Houston, Texas - January 13, 1999 - Consolidated Graphics announced today
the signing of a letter of intent to acquire Wentworth Printing Corp. of
Columbia, South Carolina. Founded in 1963, Wentworth is a full-service
commercial printer that is among the top five printing companies in South
Carolina. James Doar, President of Wentworth, will remain with the company upon
completion of the transaction. Other terms of the transaction were not
disclosed.
Joe R. Davis, Chairman and Chief Executive Officer of Consolidated
Graphics, commented, "Wentworth Printing has remained dedicated to the
principles that have made it successful -- superior service and quality. James
Doar and the highly skilled employees of Wentworth take pride in meeting client
needs using innovation and technology. They are a welcome addition to
Consolidated Graphics."
James Doar commented, "Wentworth has served the South Carolina market for
over 35 years, providing our customers with excellent service and a high-quality
product. These efforts will continue and improve with the considerable resources
and support of Consolidated Graphics."
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 52 companies with annualized
revenues in excess of $600 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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