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.