-----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, AQovjWI1zgiiA77nPi28Q47YSAGKFjowwDO1sBc/OZO2I8rYwXQ7FXwXSGwDoVj4 L9L9oGGU/lJeq5PutdagKQ== 0001104659-10-011841.txt : 20100303 0001104659-10-011841.hdr.sgml : 20100303 20100303153155 ACCESSION NUMBER: 0001104659-10-011841 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20100226 ITEM INFORMATION: Entry into a Material Definitive Agreement ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100303 DATE AS OF CHANGE: 20100303 FILER: COMPANY DATA: COMPANY CONFORMED NAME: UNITED STATIONERS INC CENTRAL INDEX KEY: 0000355999 STANDARD INDUSTRIAL CLASSIFICATION: WHOLESALE-PAPER AND PAPER PRODUCTS [5110] IRS NUMBER: 363141189 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-10653 FILM NUMBER: 10653283 BUSINESS ADDRESS: STREET 1: ONE PARKWAY NORTH BOULEVARD CITY: DEERFIELD STATE: IL ZIP: 60015-2559 BUSINESS PHONE: 847-627-7000 MAIL ADDRESS: STREET 1: ONE PARKWAY NORTH BOULEVARD CITY: DEERFIELD STATE: IL ZIP: 60015-2559 8-K 1 a10-4900_18k.htm 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)  March 3, 2010 (February 26, 2010)

 

UNITED STATIONERS INC.

(Exact name of registrant as specified in its charter)

 

Delaware

 

0-10653

 

36-3141189

(State or other jurisdiction
of incorporation)

 

(Commission File Number)

 

(IRS Employer
Identification No.)

 

One Parkway North Blvd.

Suite 100

Deerfield, Illinois

 

60015-2559

(Address of principal executive offices)

 

(Zip Code)

 

Registrant’s telephone number, including area code  (847) 627-7000

 

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 (see General Instruction A.2. below):

 

o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 



 

Item 1.01               Entry Into a Material Definitive Agreement.

 

Agreement for the Purchase and Sale of Stock

 

On February 26, 2010, the Registrant’s wholly-owned subsidiary, United Stationers Supply Co., acquired all of the outstanding capital stock of MBS Dev, Inc. for a purchase price of $15 million and an additional $3 million earn-out based upon the achievement of certain financial goals.

 

The Agreement for Purchase and Sale of Stock (the “Agreement”) contains customary representations, warranties and covenants.  The Agreement also contains customary indemnification provisions pursuant to which the parties agree to indemnify each other for certain matters, including, among other things, for breaches of representations, warranties and covenants in connection with the transaction.

 

On March 1, 2010, the Registrant issued a press release announcing the transaction, a copy of which is filed as Exhibit 99.1 hereto and is incorporated herein by reference.

 

Item 9.01               Financial Statements and Exhibits.

 

The following exhibits are filed herewith:

 

99.1   Press Release, dated  March 1, 2010

 

SIGNATURES

 

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.

 

 

 

UNITED STATIONERS INC.

 

 

 

 

 

 

Date: March 3, 2010

 

/s/Eric A. Blanchard

 

 

Senior Vice President, General Counsel and

 

 

Secretary

 

2



 

UNITED STATIONERS INC.

EXHIBIT INDEX TO CURRENT REPORT ON FORM 8-K

DATED March 1, 2010

 

Exhibit No.

 

Description

 

Method of Filing

99.1

 

Press Release, dated March 1, 2010

 

Included herewith

 

3


EX-99.1 2 a10-4900_1ex99d1.htm EX-99.1

Exhibit 99.1

 

news release

 

Executive Offices

 

For Further Information Contact:

One Parkway North Blvd.

 

 

Suite 100

 

 

Deerfield, IL 60015-2559

 

Richard W. Gochnauer

 

 

President and Chief Executive Officer

 

 

or

 

 

Victoria J. Reich

 

 

Sr. Vice President and Chief Financial Officer

 

 

United Stationers Inc.

 

 

(847) 627-7000

 

 

UNITED STATIONERS ACQUIRES MBS DEV, INC.

 

DEERFIELD, Ill., March 1, 2010 — United Stationers Inc. (NASDAQ: USTR), a leading North American wholesale distributor of business products, today announced its wholly owned subsidiary, United Stationers Supply Co., has acquired all of the outstanding capital stock of MBS Dev, Inc.

 

MBS Dev is a leading software solutions provider to business products resellers.  Its software solutions enable resellers to efficiently manage their businesses and offer robust e-commerce services.  The purchase price of $15 million, and an additional $3 million earn-out based on achieving certain financial goals will be funded under United’s existing credit agreement.  The Denver, Colorado-based company is expected to add approximately $10 million to sales and modest EPS accretion in 2010.

 

“Enabling our customers and suppliers to leverage the power of the Internet to drive profitable growth remains a core strategy for United Stationers,” commented Richard W. Gochnauer, president and chief executive officer. “We made a number of advances in our on-line merchandising and marketing capabilities in 2009, and expect to further accelerate those efforts with the recent acquisition of MBS Dev.”

 

Forward-Looking Statements

 

This news release contains forward-looking statements, including references to goals, plans, strategies, objectives, projected costs or savings, anticipated future performance, results or events and other statements that are not strictly historical in nature. These statements are based on management’s current expectations, forecasts and assumptions. This means they involve a number of risks and uncertainties that could cause actual results to differ materially from those expressed or implied here. These risks and uncertainties include, but are not limited to the following: United’s ability to effectively manage its operations and to implement general cost-reduction and margin-enhancement initiatives; United’s reliance on key customers, and the business, credit and other risks inherent in continuing or increased customer concentration; United’s reliance on independent dealers for a significant percentage of its net sales and therefore the importance of the continued independence, viability and success of these dealers; continuing or increasing competitive activity and pricing pressures within existing or expanded product categories, including competition from product manufacturers who sell directly to United’s customers; prevailing economic conditions and changes affecting the business products industry and the general economy; United’s reliance on key suppliers; the impact of variability in supplier pricing, allowance programs, promotional incentives and other terms, conditions and policies; the impact of variability in customer and end-user demand patterns on United’s product offerings and sales mix and, in turn, on customer rebates payable and supplier allowances earned by United; United’s ability to maintain its existing information technology systems and to successfully procure and implement new systems without business disruption or other unanticipated difficulties or costs; United’s ability to effectively identify, consummate and integrate acquisitions; United’s reliance on key management personnel, both in day-to-day operations and in execution of new business initiatives; and the effects of hurricanes, acts of terrorism and other natural or man-made disruptions.  It is not possible to anticipate or foresee all risks and uncertainties, and investors should not consider any list of risks and uncertainties to be exhaustive or complete.

 

-more-

 



 

Shareholders, potential investors and other readers are urged to consider these risks and uncertainties in evaluating forward-looking statements and are cautioned not to place undue reliance on the forward-looking statements. For additional information about risks and uncertainties that could materially affect United’s results, please see the company’s Securities and Exchange Commission filings.  The forward-looking information in this news release is made as of this date only, and the company does not undertake to update any forward-looking statement.  Investors are advised to consult any further disclosure by United regarding the matters discussed in this release in its filings with the Securities and Exchange Commission and in other written statements it makes from time to time.

 

Company Overview

 

United Stationers Inc. is a leading wholesale distributor of business products, with 2009 net sales of approximately $4.7 billion.  The company stocks approximately 100,000 items, including technology products, traditional office products, janitorial and breakroom supplies, office furniture, and industrial supplies.  A network of 64 distribution centers allows it to deliver these products to over 25,000 reseller customers.  This network, combined with United’s depth and breadth of inventory, enables the company to ship most products overnight to more than 90% of the population of the U.S. and major cities in Mexico. For more information, visit www.unitedstationers.com.

 

United Stationers’ common stock trades on the NASDAQ Global Select Market under the symbol USTR.

 

-#-

 

2


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