8-K 1 d8k.htm FORM 8-K Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, DC 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 26, 2010

 

 

VISANT HOLDING CORP.

(Exact name of registrant as specified in its charter)

 

 

 

DELAWARE   333-112055   90-0207604
(State or other jurisdiction
of incorporation)
  (Commission
File Number)
  (IRS Employer
Identification No.)
357 Main Street    
Armonk, New York     10504
(Address of principal executive
offices)
    (Zip Code)

Registrant’s telephone number, including area code: (914) 595-8200

Not applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 


Item 2.02 Results of Operations and Financial Condition.

On March 1, 2010, Visant Corporation (“Visant”), the Registrant’s subsidiary, issued a press release regarding its results of operations for the fourth fiscal quarter and year ended January 2, 2010. A copy of the press release is attached hereto as Exhibit 99.1 and incorporated by reference herein.

 

Item 8.01 Other Events.

On February 26, 2010, the Board of Directors of the Registrant declared an extraordinary cash distribution in the aggregate amount of $137.7 million (inclusive of the distribution to holders of vested stock options as described below), or $22.00 per share (the “Distribution”) on the Registrant’s outstanding common stock (the “Common Stock”). The Distribution will be payable on March 1, 2010 to stockholders of record on February 26, 2010 (the “Record Date”). The Distribution will be funded from cash on hand.

In connection with the Distribution, the Registrant will make a cash payment to holders of vested stock options for the Common Stock, granted pursuant to the Registrant’s equity incentive plans. The cash payment on the vested stock options will equal (x) the product of (i) the number of shares of Common Stock subject to such options outstanding on the Record Date multiplied by (ii) the per share amount of the Distribution, minus (y) any applicable withholding taxes. The Registrant will reduce the per share exercise price of any unvested options outstanding as of the Record Date by the per share Distribution amount paid.

 

Item 9.01 Financial Statements and Exhibits.

 

(a)

   Not applicable

(b)

   Not applicable

(c)

   Not applicable

(d)

   Exhibits

99.1         Press release issued by Visant Corporation dated March 1, 2010.

 

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.

 

      VISANT HOLDING CORP.
Date: March 1, 2010       /S/    PAUL B. CAROUSSO      
       

Paul B. Carousso

Vice President, Finance

 

 

 

3


Exhibit No.

  

Exhibit

99.1    Press release dated March 1, 2010.

 

4