LSC COMMUNICATIONS, INC. (NYSE:LKSD) Files An 8-K Other Events

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LSC COMMUNICATIONS, INC. (NYSE:LKSD) Files An 8-K Other Events
Item 8.01. Other Events.

On March 28, 2017, LSC Communications, Inc. (the “Company”) announced the closing of an underwritten public offering of 7,179,222 shares of the Company’s common stock, par value $0.01 per share (the “Common Stock”), in connection with (i) the offering by R. R. Donnelley & Sons Company (the “Selling Stockholder”), a stockholder of the Company, of 6,242,802 shares of Common Stock (the “Underwritten Shares”) and (ii) the offering by the Company of 936,420 shares of Common Stock (the “Option Shares”, and together with the “Underwritten Shares”, the “Shares”) to the underwriters’ exercise in full of their option to purchase additional shares of Common Stock. The sale of the Underwritten Shares was completed at a public offering price of $20.25 per share and the sale of the Option Shares was completed at the public offering price of the Underwritten Shares, less underwriting discounts and commissions.

The offering of the Shares was registered to the Company’s registration statement on Form S-1 (File No. 333-216517), which the Securities and Exchange Commission declared effective on March 22, 2017. The Company did not receive any of the proceeds from the sale by the Selling Stockholder of the Underwritten Shares and received approximately $18.2 million in net proceeds from its sale of the Option Shares, after deducting estimated underwriting discounts and commissions.

Following the completion of the offering, the Selling Stockholder retained no shares of Common Stock.


About LSC COMMUNICATIONS, INC. (NYSE:LKSD)

LSC Communications, Inc. focuses on traditional and digital print, print-related services and office products. The Company’s segments are Print and Office Products. The Company, through its Print segment, provides a range of print product offerings, which include magazines, catalogs, retail inserts, books and directories. In addition to printed products, the Company also provides a number of print-related services, such as supply chain management, mail services, e-book formatting and distribution services. Its Print segment services over 3,000 customers, including publishers of magazines, books and directories, online retailers, catalogers, mass merchandisers and contract stationers. In its Office Products segment, the Company manufactures and sells a range of branded and private label products, primarily within the core categories, including filing products; note-taking products; binder products; tax and stock forms, and envelopes.

LSC COMMUNICATIONS, INC. (NYSE:LKSD) Recent Trading Information

LSC COMMUNICATIONS, INC. (NYSE:LKSD) closed its last trading session up +0.03 at 23.84 with 539,065 shares trading hands.