-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, QTkqadSGLrWhKcm3W6Ui8ZHYLkyq3G4IEy3EzMESRIMrbIZ2NMgmU2gAIbvG2Pb2 1CfXYU4CTegxWMoTfOuotg== 0001157523-07-003838.txt : 20070420 0001157523-07-003838.hdr.sgml : 20070420 20070420083449 ACCESSION NUMBER: 0001157523-07-003838 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20070420 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20070420 DATE AS OF CHANGE: 20070420 FILER: COMPANY DATA: COMPANY CONFORMED NAME: COURIER CORP CENTRAL INDEX KEY: 0000025212 STANDARD INDUSTRIAL CLASSIFICATION: BOOK PRINTING [2732] IRS NUMBER: 042502514 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-07597 FILM NUMBER: 07777333 BUSINESS ADDRESS: STREET 1: 15 WELLMAN AVENUE CITY: NORTH CHELMSFORD STATE: MA ZIP: 01863 BUSINESS PHONE: 9782516000 8-K 1 a5382446.txt COURIER CORPORATION 8-K UNITED STATES 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): April 20, 2007 COURIER CORPORATION ------------------- (Exact name of registrant as specified in its charter) Massachusetts ------------- (State or other jurisdiction of incorporation or organization) Commission File Number: 0-7597 IRS Employer Identification Number: 04-2502514 15 Wellman Avenue, North Chelmsford, MA 01863 --------------------------------------- ----- (Address of principal executive offices) (Zip Code) (978) 251-6000 -------------- (Registrant's telephone number, including area code) No Change --------- (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: |_| Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |_| Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |_| Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |_| Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 8.01 Other Events On April 20, 2007, Courier Corporation (the "Company") issued a press release announcing that several of its insiders have adopted prearranged stock trading plans. The full text of the press release is furnished as Exhibit 99.1 hereto. The trading plans comply with the Company's insider trading policy and are intended to comply with Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. Item 9.01. Financial Statements and Exhibits. (d) Exhibits. 99.1 Press Release of Courier Corporation dated April 20, 2007. [Remainder of page left blank intentionally] 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. COURIER CORPORATION By: /s/ Peter M. Folger ------------------- Peter M. Folger Senior Vice President and Chief Financial Officer Date: April 20, 2007 Exhibit Index 99.1 Press Release of Courier Corporation dated April 20, 2007 EX-99.1 2 a5382446ex99_1.txt EXHIBIT 99.1 Exhibit 99.1 Courier Corporation Executive Officers and Directors Adopt Rule 10b5-1 Trading Plans NORTH CHELMSFORD, Mass.--(BUSINESS WIRE)--April 20, 2007--Courier Corporation (Nasdaq:CRRC), one of America's leading book manufacturers and specialty publishers, today announced that several of the Company's executive officers and directors have adopted prearranged stock trading plans in accordance with guidelines specified by Rule 10b5-1 under the Securities Exchange Act of 1934, as amended. Rule 10b5-1 allows officers and directors to adopt written, pre-arranged stock trading plans at times when they are not in possession of material nonpublic information. Using these plans, insiders can gradually diversify their investment portfolios, and reduce market impact by spreading stock trades out over an extended period of time, while avoiding concerns about whether they were in possession of material nonpublic information when their stock was sold. Courier insiders who have adopted 10b5-1 plans at this time include, James F. Conway III, Chairman, President and CEO; Robert P. Story, Jr., Executive Vice President and COO; Peter M. Folger, Senior Vice President and CFO; Edward J. Hoff, Director; and Kathleen Foley Curley, Director. Under the plans adopted by these individuals, an aggregate of approximately 128,000 shares of Common Stock may be sold during the period April 2007 through December 2007. The total shares to be sold by these individuals represent approximately 10% of their total holdings in Courier stock, exclusive of any outstanding options. If all of the shares contemplated under these plans are sold in 2007, this group of insiders collectively will continue to own approximately 1,205,000 shares, or 9.6% of the total outstanding shares of the Company. These insiders have adopted these plans as part of their ongoing personal programs for managing options expiration, financial diversification, tax management and estate planning. In addition, the James F. Conway, Jr. Trust adopted a plan to sell a total of 200,000 shares of Common Stock during the period February 2007 through December 2007. To date, 59,300 shares have been sold pursuant to the trading plan. Grace R. Conway, age 80, is the beneficiary of the Trust. If all of the shares contemplated under this plan are sold in 2007, the Trust will continue to own 334,111 shares, or 2.7% of the total outstanding shares of the Company. About Courier Corporation Courier Corporation prints, publishes and sells books. Headquartered in North Chelmsford, Massachusetts, Courier has two business segments, full-service book manufacturing and specialty book publishing. For more information, visit www.courier.com. This news release includes forward-looking statements. Statements that describe future expectations, plans or strategies are considered "forward-looking statements" as that term is defined under the Private Securities Litigation Reform Act of 1995 and releases issued by the Securities and Exchange Commission. The words "believe", "expect", "anticipate", "intend", "estimate" and other expressions which are predictions of or indicate future events and trends and which do not relate to historical matters identify forward-looking statements. Such statements are subject to risks and uncertainties that could cause actual results to differ materially from those currently anticipated. Factors that could affect actual results include, among others, changes in customers' demand for the Company's products, including seasonal changes in customer orders, changes in raw material costs and availability, pricing actions by competitors, consolidation among customers and competitors, success in the integration of acquired businesses, changes in operating expenses including energy costs, changes in technology, difficulties in the start up of new equipment or information technology systems, changes in copyright laws, changes in tax regulations, changes in the Company's effective income tax rate, and general changes in economic conditions, including currency fluctuations and changes in interest rates. Although the Company believes that the assumptions underlying the forward-looking statements are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements will prove to be accurate. The forward-looking statements included herein are made as of the date hereof, and the Company undertakes no obligation to update publicly such statements to reflect subsequent events or circumstances. CONTACT: Courier Corporation James F. Conway III, 978-251-6000 Chairman, President and Chief Executive Officer or Rajeev Balakrishna, 978-251-6000 Vice President and General Counsel www.courier.com -----END PRIVACY-ENHANCED MESSAGE-----