UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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): June 18, 2018 (June 15, 2018)
Ennis, Inc.
(Exact Name of Registrant as Specified in Its Charter)
Texas | 1-5807 | 75-0256410 | ||
(State or Other Jurisdiction of Incorporation) |
(Commission File Number |
(IRS Employer Identification No.) | ||
2441 Presidential Pkwy. Midlothian, Texas |
76065 | |||
(Address of Principal Executive Offices) | (Zip Code) |
Registrants Telephone Number, Including Area Code: (972) 775-9801
N/A
(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 (see General Instructions A.2. below):
☐ | 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)) |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933(§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. Other Information
On June 15, 2018, the Company issued a press release announcing that the Board of Directors has increased the quarterly dividend to twenty-two and one half cents ($0.225) per share from twenty cents ($0.20) per share on its common stock, or an increase of 12.5%. The dividend is payable on August 3, 2018 to shareholders of record on July 6, 2018. A copy of the press release is attached as Exhibit 99.1.
Item 9.01. Exhibits
(d) | Exhibits. |
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.
Ennis, Inc. | ||||||
Date: June 18, 2018 | By: | /s/ Richard L. Travis, Jr. | ||||
Richard L. Travis, Jr. | ||||||
Chief Financial Officer |
Exhibit 99.1
FOR IMMEDIATE RELEASE
ENNIS, INC. INCREASES QUARTERLY DIVIDEND
Midlothian, TX. June 15, 2018, Keith S. Walters, Chairman, President and Chief Executive Officer of Ennis, Inc. (NYSE: EBF), a manufacturer of business forms and other business products headquartered in Midlothian, Texas, announced today that the Board of Directors has increased the quarterly dividend to twenty-two and one half cents ($0.225) per share from twenty cents ($0.20) per share on its common stock, or an increase of 12.5%. This is not a special dividend, but should be reflective of future quarterly amounts subject to the Boards normal review process, noted Mr. Walters. He went on to say that the Board took this action again this year after taking into account the Companys current cash position, debt level, and anticipated cash flows and that this, along with the continuing focus on accretive acquisitions, will reward our shareholders with greater returns over a longer period of time. We are also proud of the fact that because of our strong balance sheet, our Board has been able to increase our dividend rate three times over the last 6 years. The dividend is payable August 3, 2018 to shareholders of record on July 6, 2018.
About Ennis
Since 1909, Ennis, Inc. has primarily engaged in the production and sale of business forms and other business products. The Company is one of the largest private-label printed business product suppliers in the United States. Headquartered in Midlothian, Texas, the Company has production and distribution facilities strategically located throughout the USA to serve the Companys national network of distributors. Ennis manufactures and sells business forms, other printed business products, printed and electronic media, presentation products, flex-o-graphic printing, advertising specialties and Post-it® Notes, internal bank forms, plastic cards, secure and negotiable documents, envelopes, tags and labels and other custom products. For more information, visit www.ennis.com.
For Further Information Contact:
Mr. Keith S. Walters, Chairman, Chief Executive Officer and President
Mr. Richard L. Travis, Jr., Chief Financial Officer and Treasurer
Ennis, Inc.
2441 Presidential Parkway
Midlothian, Texas 76065
Phone: (972) 775-9801
Fax: (972) 775-9820
www.ennis.com