UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 7, 2000
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MASTER GRAPHICS, INC.
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(Exact name of registrant as specified in its charter)
Tennessee 0--24411 62-1694322
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
70 Timber Creek Drive, Ste. 5, Cordova, Tennessee 38017
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (901) 685-2020
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Not Applicable
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(Former name, former address and former fiscal year, if changed since last
report)
INFORMATION TO BE INCLUDED IN THE REPORT
Item 3. Bankruptcy or Receivership.
On July 7, 2000, the Registrant and its only subsidiary, Premier Graphics,
Inc. (collectively, the "Debtors") filed voluntary petitions with the United
States Bankruptcy Court for the District of Delaware (the "Bankruptcy Court")
for reorganization under Chapter 11 of the United States Bankruptcy Code (the
"Bankruptcy Code") (Case No. 00-2929(PJW)). The cases have been consolidated
for the purpose of joint administration and have been assigned to Judge Peter J.
Walsh. At a first day hearing held on July 10, 2000, the Bankruptcy Court
entered first day orders granting authority to the Debtors, among other things,
to pay pre-petition and post-petition employee wages, salaries, commissions,
workers' compensation, health benefits and other employee obligations, to pay
pre-petition claims for consignment vendors and approved procedures for
consigned goods. The Debtor is also authorized to continue certain pre-petition
customer rebate practices.
The Bankruptcy Court also approved an agreement with the Debtor's pre-
petition lenders that provides liquidity to fund operations and continue
servicing customers in the ordinary course of business.
Copies of all first day orders and other pleadings filed in the case may be
obtained for a nominal cost directly from www.deb.uscourt.gov.
Item 5. Other Events
On July 10, 2000 the Company filed papers with the Bankruptcy Court to
approve F. Duffield "Duff" Meyercord, chief restructuring officer. Mr.
Meyercord is managing director of Carl Marks Consulting Group LLC, a New York-
based firm that specializes in crisis management, turnarounds and
restructurings. The Company also filed papers with the Bankruptcy Court for the
appointment of J. Richard Walker as interim chief financial officer. Mr. Walker
is a senior advisor of Carl Marks.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
The following exhibits are filed pursuant to Item 601 of Regulation S-
K:
Exhibit
Number Description
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99.1 Press Release dated July 7, 2000
99.2 Press Release dated July 19, 2000
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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 thereunto duly authorized.
MASTER GRAPHICS, INC.
Date: July 21, 2000 By: /s/ Michael B. Bemis
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Michael B. Bemis
Chief Executive Officer
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