Greenwich, Connecticut

Presstek Inc.’s top three executives could be paid a total of $3.2 million in severance if the proposed sale of the printing equipment manufacturer to the American Industrial Partners private equity firm is completed, according to the preliminary version of a proxy that will eventually be sent to shareholders for their approval.

The 50-cent-a-share deal—with an equity value of $18.7 million—would mean the end of Presstek as a public company, but neither the merger agreement nor the proxy spells out what will happen to the workforce at the Greenwich, Connecticut-based company’s biggest facility in Hudson.

Greenwich, Connecticut-based Workflow Management, parent company of WorkflowOne, one of North America's largest providers of printing and promotional products, recently annouced that it has signed an agreement to acquire Dayton, Ohio-based The Relizon Company, a North American supplier of business process solutions for document outsourcing, billing and marketing. Upon the completion of the acquisition, WorkflowOne and The Relizon Company will be worth more than $1 billion in the North American document management solution market, with significantly increased client-focused capabilities. In addition, more than 5,000 employees and 25,000 combined clients from both companies will benefit from a broader portfolio of products and services. "The