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Last $0.0050 USD
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SRCTQ On Other Exchanges
As of 8:10 PM 11/25/15 All times are local (Market data is delayed by at least 15 minutes).

standard register co (SRCTQ) Snapshot

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52 Week High
12/2/14 - $4.44
52 Week Low
11/23/15 - $0.0030
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standard register co (SRCTQ) 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, and educate patients and consumers in managing their health; patient information solutions ; and patient identification, which include patient wristbands, laboratory and pharmacy labels, 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 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. On March 12, 2015, The Standard Register Company along with its affiliates filed a voluntary petition for reorganization under Chapter 11 in the U.S. Bankruptcy Court for the District of Delaware.

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

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standard register co (SRCTQ) Key Developments

The Standard Register Company Announces Executive Changes

On September 15, 2015, the Bankruptcy Court entered an order authorizing and effectuating Mr. Kevin M. Carmody's resignation as Chief Restructuring Officer and Mr. Landen C. Williams' appointment as Chief Restructuring Officer and Treasurer of The Standard Register Company.

The Standard Register Company Announces Resignation of Kevin M. Carmody as President, Chief Executive Officer and Chief Restructuring Officer

On July 10, 2015, Kevin M. Carmody, President, Chief Executive Officer and Chief Restructuring Officer of The Standard Register Company, resigned from his positions on the boards of directors of the company and each of its subsidiaries.

Unsecured Creditors Agree to Drop Lawsuit Against Standard Register over WorkflowOne Deal

Unsecured creditors in the Standard Register Co. bankruptcy case will take a $5 million payment - among other things - to drop its lawsuit over the WorkflowOne acquisition. In a settlement filed with bankruptcy court, the official committee of unsecured creditors agreed to drop any claims against Standard Register and Silver Point. The $5 million - which will come from money that would have gone to second-lien lenders when Standard Register's Chapter 11 case is settled - will go into a trust established by the committee. Getting this lawsuit settled will make it easier for the sale of Standard Register to Taylor Corp. to be completed. Taylor agreed to buy the company, which has dwindled to about 765 Dayton-area workers. In addition to the cash payment and settlement calls for unsecured creditors to get an additional percentage of what the second-lien lenders recover in the bankruptcy and as much as $2 million of current and future professional advisor costs for the committee paid by a "wind down" fund. If Taylor doesn't close the deal to buy Standard Register, and the company is sold to Silver Point as the back-up bidder, most of the settlement will still stand. The settlement is still subject to approval by the bankruptcy court. Unsecured creditors were arguing that the purchase of WorkflowOne in 2013 was a fraudulent transaction that rendered Standard Register insolvent. The court recently allowed the lawsuit to proceed. Standard Register officials have maintained the WorkflowOne purchase was done in good faith.


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