May 15, 2015 Standard Register publishes Update on a regular
Transcription
May 15, 2015 Standard Register publishes Update on a regular
May 15, 2015 Standard Register publishes Update on a regular basis to provide our partners with information on the company’s activities and Chapter 11 case. Our sales force, customer service and key leadership team are available to answer questions. Please visit our website at www.standardregister.com/restructuring for contact information and updates. Company Update In-mold labeling (IML) continues to be an area where Standard Register is recognized for innovative, industry-leading developments. Mark Keeton, vice president of marketing for the Product Marking and Decoration, presented on the company’s approach to three-dimensional labeling at the International InMold Labeling & Decoration Conference. His comments also led to a feature story in Label & Narrow Web Magazine. The New York Stock Exchange (NYSE) notified the Securities and Exchange Commission that Standard Register’s Common Stock will be removed from listing and registration on May 18, 2015. Standard Register, after being notified that it was not in compliance with NYSE listing standards, declined to appeal the decision. The company’s common stock is currently listed on the over-the-counter Pink marketplace under the symbol SRCTQ. A number of meaningful customer short-and-long-term contracts continues to illustrate Standard Register’s value. Recent wins have been signed with financial services, healthcare, state government, airlines, and manufacturing companies. Chapter 11 Update The U.S. Bankruptcy Court approved Standard Register’s amended Key Employee Incentive Plan and granted that details of the plan be filed under seal to protect competitive information. This week, Prime Clerk mailed notices of the date by which all parties must file proof of claim for any amounts owed prior to March 12, 2015, the date that Standard Register filed Chapter 11. The notices contain instructions on how to file proof of claim. Instructions are also available at www.standardregister.com/restructuring. Prime Clerk handles administrative notifications for Standard Register’s case, and mails required notices to suppliers, customers, employees and other interested parties. Closing We will continue to communicate news as it becomes available. Please visit our restructuring website for more information, frequently asked questions for customers and suppliers, contact information for suppliers by category and information on filing a claim. Thank you for your continued confidence and support.