• SEC Filings

Ennis, Inc. (NYSE:EBF) Files An 8-K Entry into a Material Definitive Agreement
Item 1.01

Entering into a Material Definitive Agreement.

On July 16, 2018, Ennis, Inc. a Texas Corporation (the “Company”), entered into an Agreement and Plan of Merger (the “Merger Agreement”) with Wright Business Forms, Inc. (d/b/a Wright Business Graphics), an Oregon corporation (“WBG”), to which the Company would acquire all of the outstanding shares of capital stock of WBG by way of a merger of WBG with and into a wholly-owned subsidiary of the Company (collectively, the “Merger”).

In consideration for the Merger, Ennis will pay the WBG Stockholders aggregate consideration of $39.0 million, subject to certain customary adjustments for working capital, 55% of which will be paid in cash and 45% of which will be paid in privately placed shares of common stock of the Company, par value $2.50 per share (based on the weighted average share price of the Company’s common stock for the previous 30 trading days).The Merger is expected to close on or before September 30, 2018, upon the satisfaction of certain conditions to closing.

On July 17, 2018, the Company issued a press release announcing entry into the Merger Agreement.A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.In accordance with General Instruction B.2 of Form 8-K, the information set forth in this Item 7.01 and in the attached Exhibit 99.1 shall be deemed to be “furnished” and shall not be deemed to be “filed” for purposes of the Securities Exchange Act of 1934, as amended.

Item 9.01.Financial Statements and Exhibits

(d) Exhibits.

ENNIS, INC. Exhibit
EX-99.1 2 ebf-ex991_6.htm EX-99.1 ebf-ex991_6.htm Exhibit 99.1         FOR IMMEDIATE RELEASE     Ennis executes agreement to merge Wright Business Graphics,…
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About Ennis, Inc. (NYSE:EBF)

Ennis, Inc. and its subsidiaries are engaged in the production and sale of business forms, other business products and apparel to customers primarily located in the United States. The Company operates through two business segments: Print and Apparel. The Print Segment is engaged in printing, manufacturing and selling a range of business forms and other business products to distributors located throughout the United States primarily through independent dealers. The Print Segment sells products, including snap sets, continuous forms, laser cut sheets, tags, labels, envelopes, integrated products, jumbo rolls and pressure sensitive products in short, medium and long runs. The Apparel Segment is engaged in manufacturing and selling activewear, including t-shirts, fleece goods and other wearables. The Apparel Segment operates under the name of Alstyle Apparel (Alstyle). Alstyle’s branded product lines are sold mainly under the AAA, Alstyle Apparel and Activewear, and Murina brands.