Last $2.57 USD
Change Today -0.2328 / -8.31%
Volume 26.8K
SR On Other Exchanges
Symbol
Exchange
New York
As of 11:51 AM 01/27/15 All times are local (Market data is delayed by at least 15 minutes).

standard register co (SR) Snapshot

Open
$2.80
Previous Close
$2.80
Day High
$2.81
Day Low
$2.57
52 Week High
02/28/14 - $11.95
52 Week Low
01/27/15 - $2.57
Market Cap
23.5M
Average Volume 10 Days
8.4K
EPS TTM
$0.42
Shares Outstanding
8.2M
EX-Date
03/12/12
P/E TM
6.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for STANDARD REGISTER CO (SR)

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standard register co (SR) Details

The Standard Register Company is engaged in the management and execution of critical communications in the United States. The company’s Healthcare segment offers marketing communication solutions that enable healthcare customers to attract patients and new professionals, communicate with physicians and benefactors, enhance the patient experience, and educate patients and consumers in managing their health; patient information solutions, such as software, and related professional services and support; and patient identification and safety solutions, which include patient wristbands, laboratory and pharmacy labels, and related consulting services, as well as traditional printing and warehousing services for clinical documents, operational forms, secure prescriptions, and supplies. This segment serves acute care providers, ambulatory care providers, payors and managed care, and ancillary service facilitators. Its Business Solutions segment provides marketing communications solutions that enable its customers in their messaging and sales efforts; customer communications solutions, which provides options for creating, producing, processing, printing, mailing, electronically transmitting, and assuring fulfillment of printed or electronic document; product marking and labeling solutions, such as functional, decorative, and in-mold labeling; and document management services, which include print and related services for traditional business forms and secure documents, shipping and distribution transactional labels. This segment serves customers in the financial services, manufacturing, retail, business services, and transportation markets. In addition, the company offers warehousing, custom-delivery, and professional, as well as other consulting and software postcontract support services. The Standard Register Company sells its products through field-based sales, telesales, strategic partners, and the Web. The Company was founded in 1912 and is headquartered in Dayton, Ohio.

3,700 Employees
Last Reported Date: 03/3/14
Founded in 1912

standard register co (SR) Top Compensated Officers

Chief Executive Officer, President, Director ...
Total Annual Compensation: $1.1M
Chief Financial Officer, Executive Vice Presi...
Total Annual Compensation: $536.2K
Executive Vice President, General Counsel and...
Total Annual Compensation: $414.3K
Compensation as of Fiscal Year 2013.

standard register co (SR) Key Developments

Standard Register Evaluates Various Options

The Standard Register Company (NYSE:SR) is preparing to make what is expected to be a dramatic move that could include restructuring debt or possible sale of the company. In a filing with the U.S. Securities and Exchange Commission late January 22, 2015, the company announced it was given an extension by creditors on meeting critical financial goals and hired three firms to assist in a major financial makeover. Tom Mangan, Senior Vice President of James Investment Research Inc. said,"When a company says it is exploring all its options, it probably means it doesn't think it can make it alone and it may be looking to find a buyer". He agreed a sale was also possible as Lazard is a well known Merger and Acquisition firm. When asked to clarify the situation, a Standard Register spokesperson offered this statement: "Standard Register announced an amendment to its current credit agreement that extends certain tests for compliance for the fiscal quarter ended December 31, 2014 until February 27, 2015. The filing also announced the hiring of advisors Lazard Freres & Co. LLC, Gibson, Dunn & Crutcher LLP and McKinsey & Company to assist exploring the best options for the company going forward. The company will be working with its advisors to execute its transformation strategy and continue to optimize the business."

The Standard Register Company Announces First Amendment to First Lien Credit Agreement and Reaffirmation and First Amendment to Second Lien Credit Agreement and Reaffirmation

On January 21, 2015, in connection with the First Lien Credit Agreement dated as of August 1, 2013 (the First Lien Credit Agreement) by and among The Standard Register Company, (the Company), WorkflowOne LLC (WF), the subsidiary guarantors party thereto, the (Subsidiary Guarantors), the lenders party thereto (the First Lien Lenders) and Silver Point Finance, LLC, as administrative agent (in such capacity, the First Lien Agent), the Company, the Subsidiary Guarantors, the First Lien Lenders and the First Lien Agent entered into a First Amendment to First Lien Credit Agreement and Reaffirmation (the First Lien Amendment), and in connection with the Second Lien Credit Agreement dated as of August 1, 2013 (the Second Lien Credit Agreement and together with the First Lien Credit Agreement, the Credit Agreements) by and among the Company, WF, the Subsidiary Guarantors, the lenders party thereto (the Second Lien Lenders" and together with the First Lien Lenders, the Lenders) and Silver Point Finance, LLC, as administrative agent (in such capacity, the Second Lien Agent and together with the First Lien Agent, the Agents), the Company, the Subsidiary Guarantors, the Second Lien Lenders and the Second Lien Agent entered into a First Amendment to Second Lien Credit Agreement and Reaffirmation (the Second Lien Amendment and together with the First Lien Amendment, the Amendments). Pursuant to the First Lien Amendment and the Second Lien Amendment, among other matters, the Agents and the Lenders have agreed to extend the test for compliance with each of the maximum total leverage ratio, the minimum fixed charge coverage ratio and the minimum EBITDAP financial covenants under each of the Credit Agreements for the fiscal quarter ending on or about December 31, 2014 until February 27, 2015 and have limited the Company's reinvestment rights with respect to the proceeds of collateral dispositions. In addition, the Company has provided its prior written approval under Section 4.3 of that certain Stockholders Agreement, dated August 1, 2013, by and among, the Company and certain shareholders party thereto, to any actions, consents, waivers or agreements hereafter taken by the Lenders, Agents and their respective affiliates. Given the Company's financial performance, debt service requirements, pension obligations and other expenses, the Company is focused on negotiating with its lenders and is exploring all of its options. The Company has engaged Lazard Fr res & Co. LLC, Gibson, Dunn & Crutcher LLP and McKinsey Recovery & Transformation Services U. S., LLC to assist in its exploration of options.

The Standard Register Company Announces Management Changes

On December 24, 2014, Anthony J. DiNello notified The Standard Register Company that he was resigning from the Board of Directors, effective immediately. The Board of Directors appointed Mr. Frederic F. Brace as a director of the Company to fill the vacancy created by Mr. DiNello’s resignation.  The Board of Directors also named Mr. Brace as a member of the Audit Committee. Frederic F. Brace has served as a director of Anixter International Inc. since 2009.  In addition, from January 2014 to December 31, 2014, Mr. Brace served as the President of Niko Resources Ltd.

 

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Industry Analysis

SR

Industry Average

Valuation SR Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 0.0x
Price/Book NM Not Meaningful
Price/Cash Flow NM Not Meaningful
TEV/Sales NM Not Meaningful
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