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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) July 5, 1995
ALCO STANDARD CORPORATION
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(Exact name of registrant as specified in its charter)
OHIO File No. 1-5964 23-033440
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(State or other (Commission File (IRS Employer
jurisdiction of Number) (Identification
incorporation) Number)
P.O. Box 834, Valley Forge, Pennsylvania 19482
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Registrant's telephone number, including area code: (610) 296-8000
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Not Applicable
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(Former name or former address, if changed since last report)
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Item 5. Other Events.
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On July 5, 1995, the Registrant announced that it intends to offer
approximately 3.4 million shares of Automatically Convertible Equity Securities
(the "Securities") to the public. The Securities automatically convert to the
Registrant's common stock on a specified date in September 1998 (the "Mandatory
Conversion Date") at a conversion rate which is related to the market price of
the common stock on the Mandatory Conversion Date. The Securities are further
described in the preliminary prospectus which the Registrant filed with the
Securities and Exchange Commission on July 7, 1995.
On July 5, 1995, the Registrant also announced that it expects to report
earnings for the quarter ended June 30, 1995 on July 20, 1995. The Registrant
expects earnings of approximately $.98 per share for the quarter, which
represents a 22.5% increase over adjusted earnings per share of $.80 for the
third quarter of fiscal 1994. The Company's anticipated third quarter results
are consistent with its earnings expectation of $3.60 per share for the fiscal
year ending September 30, 1995 compared to $2.87 for the fiscal year ended
September 30, 1994.
Item 7. Financial Statements,Pro Forma Financial Information
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and Exhibits.
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(c) Exhibits.
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Press Release dated July 5, 1995.
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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 thereunto duly authorized.
ALCO STANDARD CORPORATION
By: /s/ Michael J. Dillon
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Michael J. Dillon
Controller
Dated: July 7, 1995
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Index to Exhibit
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Page
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(28) Press Release Dated July 5, 1995
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Exhibit 28
[LETTERHEAD OF ALCO STANDARD CORPORATION APPEARS HERE]
ALCO STANDARD ANNOUNCES OFFERING OF 3.4 MILLION
SHARES OF CONVERTIBLE 3-YEAR SECURITIES
VALLEY FORGE, PENNSYLVANIA -- JULY 5, 1995--Alco Standard Corporation
(NYSE:ASN) announced today that it intends to offer approximately 3.4 million
shares of Automatically Convertible Equity Securities. The securities will
ultimately result in the issuance of common stock in three years. The purpose of
the offering is to fund the Company's ongoing program. Goldman, Sachs & Co.,
Lehman Brothers and Prudential Securities Incorporated are managing the
offering.
Alco expects to report earnings for the third quarter ended June 30, 1995 on
July 20, 1995. As discussed in the preliminary prospectus for the offering, the
Company expects earnings of approximately $.98 per share for the quarter, which
represents a 22.5% increase over adjusted earnings per share of $.80 for the
third quarter of fiscal 1994. The Company's anticipated third quarter results
are consistent with its earnings expectation of $3.60 per share for the fiscal
year ending September 30, 1995 compared to $2.87 for the 1994 fiscal year.
Alco Standard Corporation, headquartered in Valley Forge, Pennsylvania, is a
publicly owned company which markets and distributes office equipment, paper and
imaging products and supply systems. Annual revenues in 1994 were $8 billion.
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