Management

Prime Positioning for Success
January 1, 2013

Opportunity can find us when we least expect it. When it happened to D. Todd Mellon, CEO/president, Prime Business Solutions/The Ampersand Group, he was smart enough to recognize it and turn it into a prosperous career.

Cenveo Refinances Balance of 7.875 Percent Notes
December 18, 2012

Cenveo Corporation, a wholly-owned subsidiary of Cenveo Inc., completed the steps necessary to refinance the remainder of its 7.875 percent senior subordinated notes due 2013.

The company received the necessary consents to amend and supplement its existing senior secured credit agreement to, among other things, (i) allow for up to $50 million of a new unsecured loan to be prepaid on substantially similar terms as its currently outstanding 7.875 Percent Notes, and (ii) modify certain financial covenants for increased financial flexibility.

Ennis Combines and Moves Up 2 Dividend Payments
December 11, 2012

Ennis Inc. said it will combine its scheduled third- and fourth-quarter dividends into a 35-cent payment in late December.

Ennis will pay the dividend Dec. 28 to shareholders of record on Dec. 20. The company's quarterly dividend payment had been set at 17.5 cents and its third- and fourth-quarter dividends were to be paid in early 2013.The envelope, business form and clothing maker is the latest of many companies that is paying a dividend before the end of 2012 to shield investors from a potential increase in taxes on dividends next year.

Quad/Graphics Receives Approval to Acquire Vertis
December 11, 2012

Quad/Graphics, Inc. and Vertis Holdings, Inc. jointly announced that the U.S. Bankruptcy Court has approved the companies' proposed sale agreement, clearing the way for the sale to close.

Castelli North America Names Fran Ford, Jr. President
December 11, 2012

Castelli North America, the promotional planners, journals and notebooks supplier based in Sparks, Nev., announced that Fran Ford, Jr. has been named president of the company, effective immediately.

Lexmark in Midst of Major Change
December 4, 2012

Lexmark International’s decision earlier this year to shutter its inkjet printer operations and lay off 550 Lexington workers might have surprised some, but it was mounting evidence of a business in transition.

For the past several years, the Lexington-based printer maker has been in the midst of changing strategies and made five key acquisitions since 2010 designed to take the company further from its roots only in printers and more into computer software and services.