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): April 26, 2011
VISANT CORPORATION
(Exact name of registrant as specified in its charter)
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| DELAWARE | | 333-120386 | | 90-0207604 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
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357 Main Street Armonk, New York | | 10504 |
| (Address of principal executive offices) | | (Zip Code) |
Registrant’s telephone number, including area code: (914) 595-8200
Not applicable
(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:
| ¨ | 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)) |
| Item 2.05 | Costs Associated with Exit or Disposal Activities. |
On April 26, 2011, Visant Corporation’s (“Visant”) subsidiary, Jostens, Inc. (“Jostens”), announced the consolidation of certain of its memory book and commercial print operations which will result in the permanent closure of the State College, Pennsylvania facilities later this year following the completion of the current yearbook season. The State College operations, including the relocation of certain equipment, will be consolidated with Jostens’ existing Clarksville, Tennessee memory book operations into a facility being established in a new location in Clarksville, Tennessee. The enhanced Clarksville, Tennessee location will allow Jostens to capitalize on its advanced technological solutions, innovation and workflow efficiencies. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
In connection with the consolidation, Visant anticipates that it will incur costs, including employee severance and termination benefits, facility closure costs, costs to relocate certain equipment and other disposal and associated costs. At the date of this filing, Visant is unable in good faith to make a determination of an estimate of the total amount or range of amounts expected to be incurred in connection with the consolidation. Visant will file one or more amendments to this Form 8-K, as necessary, after it makes a good faith determination of an estimate or range of estimates.
| Item 9.01 | Financial Statements and Exhibits. |
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| 99.1 | | Press release dated April 26, 2011. |
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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.
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| | | | VISANT CORPORATION |
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| Date: April 26, 2011 | | | | /s/ PAUL B. CAROUSSO |
| | | | Paul B. Carousso |
| | | | Senior Vice President, Chief Financial Officer |
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Exhibit No. | | Exhibit |
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| 99.1 | | Press release dated April 26, 2011 |
