-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: keymaster@town.hall.org Originator-Key-Asymmetric: MFkwCgYEVQgBAQICAgADSwAwSAJBALeWW4xDV4i7+b6+UyPn5RtObb1cJ7VkACDq pKb9/DClgTKIm08lCfoilvi9Wl4SODbR1+1waHhiGmeZO8OdgLUCAwEAAQ== MIC-Info: RSA-MD5,RSA, KogUaBhYN+WNijDFpUDPGi8AUDyi1s2HbzfsI/bFofVVtsl9dxCyJIdiplRUuN1B 0zMT6I+1ufa4RB+hIGjDjg== 0000717829-94-000035.txt : 19941128 0000717829-94-000035.hdr.sgml : 19941128 ACCESSION NUMBER: 0000717829-94-000035 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 19941123 ITEM INFORMATION: Financial statements and exhibits FILED AS OF DATE: 19941123 SROS: NASD FILER: COMPANY DATA: COMPANY CONFORMED NAME: GIBSON GREETINGS INC CENTRAL INDEX KEY: 0000717829 STANDARD INDUSTRIAL CLASSIFICATION: 2771 IRS NUMBER: 521242761 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-11902 FILM NUMBER: 94561799 BUSINESS ADDRESS: STREET 1: 2100 SECTION RD STREET 2: P.O BOX 371804 CITY: CINCINNATI STATE: OH ZIP: 45222-1804 BUSINESS PHONE: 5138416600 MAIL ADDRESS: STREET 1: 2100 SECTION STREET 2: PO BOX 371804 CITY: CINCINNATI STATE: OH ZIP: 45222-1804 8-K 1 FORM 8-K SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of Earliest Event Reported): November 23, 1994 GIBSON GREETINGS, INC. (Exact name of registrant as specified in its charter) Delaware 2-82990 52-1242761 (State or other (Commission (IRS Employer jurisdiction of File Number) Identification No.) incorporation) 2100 Section Road, Cincinnati, Ohio 45237 (Address of principal executive offices) Registrant's telephone number, including area code:(513) 841-6600 INFORMATION TO BE INCLUDED IN THE REPORT Items 1, 2, 3, 4, 6 and 8 are not applicable and are omitted from this report. Item 5. Other Events The press release of Gibson Greetings, Inc., dated November 23, 1994, is filed as an exhibit to and incorporated by reference in this Current Report on Form 8-K. Item 7. Financial Statements, Pro Forma Financial Information and Exhibits (a) Financial Statements of Business Acquired. Not Applicable. (b) Pro Forma Financial Information. Not Applicable. (c) Exhibits Number Description 1 Press Release dated November 23, 1994 - 2 - 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 hereunto duly authorized. Date: November 23, 1994 GIBSON GREETINGS, INC. By /s/ Anthony L. Forcellini Anthony L. Forcellini Vice President, Controller and Treasurer - 3 - EX-1 2 CONTACTS: William L. Flaherty RELEASE DATE: November 23, 1994 Vice President, Finance (513) 841-6675 Karen Durand Director, Investor Relations (513) 841-6986 FOR IMMEDIATE RELEASE GIBSON SETTLES DERIVATIVES LITIGATION WITH BANKERS TRUST -------------------------------------------------------- COMPANY TO RECORD $14.5 MILLION GAIN IN CURRENT QUARTER ------------------------------------------------------- Gibson Greetings, Inc. (NASDAQ: GIBG) announced that it has settled its claim against Bankers Trust Company for losses arising from interest rate derivative transactions. As a result of the settlement, Gibson will record a net pretax gain of $14.5 million in the current quarter of its fiscal year ending December 31, 1994. Gibson first announced derivative losses on March 4, 1994 and had recorded cumulative losses of $20.7 million on its two remaining transactions at September 30, 1994. As part of the settlement, the Company has paid Bankers Trust $6.18 million which includes the reimbursement of approximately $3.4 million of cash payments made to Gibson which had been recorded as gains with respect to a number of earlier transactions. In return, the remaining transactions will be terminated with no further liability to Gibson. "We are delighted with the settlement, which resolves all matters in dispute with Bankers Trust and eliminates management distraction and ongoing legal expenses," said Benjamin J. Sottile, Chairman, President and Chief Executive Officer of Gibson. ### -----END PRIVACY-ENHANCED MESSAGE-----