-----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, AvrI19Yzn0mdOlxsaW0sHqNsXNIl1t73ZQKmC2dMf4wup0Letb2SgbCbR3/AUWYi sRGHqW0AFRTBq/fMYfcpIA== 0001157523-08-003983.txt : 20080508 0001157523-08-003983.hdr.sgml : 20080508 20080508134636 ACCESSION NUMBER: 0001157523-08-003983 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20080508 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20080508 DATE AS OF CHANGE: 20080508 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: 08813117 BUSINESS ADDRESS: STREET 1: 15 WELLMAN AVENUE CITY: NORTH CHELMSFORD STATE: MA ZIP: 01863 BUSINESS PHONE: 9782516000 8-K 1 a5680585.htm COURIER CORP. 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): May 8, 2008

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 May 8, 2008, Courier Corporation announced that its Board of Directors expanded the Company’s Share Repurchase Plan and authorized the repurchase of up to an additional $5 million of the Company's outstanding common stock. This brings the total amount authorized under the Share Repurchase Plan to $15 million since its commencement in November 2007. Share repurchases will take place from time to time at management's discretion depending on market conditions, share price and other factors, either on the open market or privately negotiated. The share repurchase program may be suspended or terminated at any time without prior notice. The full text of the press release is furnished as Exhibit 99.1 hereto.


Item 9.01     Financial Statements and Exhibits.

(d) Exhibits.

99.1                   Press release of Courier Corporation dated May 8, 2008 announcing expansion of Share Repurchase Plan.




[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:

May 8, 2008


Exhibit Index

99.1

Press release of Courier Corporation dated May 8, 2008 announcing expansion of Share Repurchase Plan.

EX-99.1 2 a5680585ex99_1.htm EXHIBIT 99.1

Exhibit 99.1

Courier Corporation Expands Share Repurchase Plan

NORTH CHELMSFORD, Mass.--(BUSINESS WIRE)--The Board of Directors of Courier Corporation (Nasdaq: CRRC), today expanded the Company’s Share Repurchase Plan and authorized the repurchase of up to an additional $5 million of the Company's outstanding common stock. This brings the total amount authorized under the Share Repurchase Plan to $15 million since its commencement in November 2007. Share repurchases will take place from time to time at management's discretion depending on market conditions, share price and other factors, either on the open market or privately negotiated. The share repurchase program may be suspended or terminated at any time without prior notice.

Since the inception of the share repurchase program, the Company has repurchased approximately 371,500 shares for approximately $10 million. The new authorization, which is effective immediately, does not have a deadline for the commencement or execution of repurchases.

"We are pleased to continue to take steps to return cash to stockholders," said Courier Chairman and Chief Executive Officer James F. Conway III. "Today’s announcement is further evidence of the Board’s confidence in our long-term outlook."

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 and shifting orders to lower cost regions, changes in market growth rates such as the housing market, changes in raw material costs and availability, pricing actions by competitors and other competitive pressures in the markets in which the Company competes, consolidation among customers and competitors, success in the execution of acquisitions and the performance and integration of acquired businesses, changes in operating expenses including medical and energy costs, changes in technology including migration from paper-based books to digital, difficulties in the start up of new equipment or information technology systems, changes in copyright laws, changes in tax regulations, changes in environmental regulations, changes in the Company’s effective income tax rate, and general changes in economic conditions, including currency fluctuations, changes in interest rates, and tightness in the credit markets. 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, Chairman,
President and Chief Executive Officer
978-251-6000
or
Peter M. Folger
Senior Vice President and
Chief Financial Officer
978-251-6000
www.courier.com

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