RR Donnelley Announces Intent to Create Three Independent Publicly Traded Companies Mr. Tom Carroll, Executive VP of External and Postal Affairs and Chief Human Resources Officer will be talking about the August 4th announcement of RR Donnelley & Sons Company intent to create three independent, publicly traded companies at the Fall Luncheon, Wednesday, November11, 2015. He will also be discussing the Pension Plan, something of interest to everyone. Issue November 2015 Founded 1971 Retiree’s Newsletter Financial Communications Services Company (FinancialCo) Publishing and Retail- Centric Print Services Company (PRSCo) Customized Multichannel Communications Management Company (CMCo)
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RR Donnelley Announces Intent to Create Three
Independent Publicly Traded Companies
Mr. Tom Carroll, Executive VP of External and Postal Affairs and Chief Human
Resources Officer will be talking about the August 4th announcement of RR Donnelley
& Sons Company intent to create three independent, publicly traded companies at
the Fall Luncheon, Wednesday, November11, 2015.
He will also be discussing the Pension Plan, something of interest to everyone.
Issue
November 2015
Founded
1971
Retiree’s Newsletter
Financial
Communications
Services Company
(FinancialCo)
Publishing and Retail-
Centric Print Services
Company
(PRSCo)
Customized Multichannel
Communications
Management Company
(CMCo)
2 The Lakeside Press Retired Employees’ Club November 2015
CHICAGO, Aug. 04, 2015 (GLOBE NEWSWIRE) -- RR Donnelley & Sons Company (Nasdaq:RRD) today
announced that it intends to create three independent, publicly traded companies: one business focused on
financial communications and data services; one business focused on publishing and retail-centric print
services; and one business focused on customized multichannel communications management.
Thomas J. Quinlan III, RR Donnelley's President and Chief Executive Officer, said, "Over the last decade,
we have strengthened our business portfolio through a combination of organic growth and strategic
acquisitions, developing new products and services, inventing fresh ways to serve customers, attracting
additional talent and building information technology systems.
"We see a significant opportunity to unlock value by allowing these three businesses to pursue their own
strategies and invest according to the unique dynamics of their respective industries. Each company will
have the strategic focus, management resources and capital structure to enable it to strengthen its market
position and pursue its growth opportunities, enhancing long-term value for stakeholders."
The creation of these three independent businesses is expected to deliver the following strategic and financial
benefits;
Strategic Benefits
Each business to focus on its distinct strategic priorities, driving opportunities to accelerate growth
and enhance long-term value
Greater flexibility to execute tailored business strategies and compete in evolving markets
Even more focused brand strategy to support each business's marketing plan
Financial Benefits
Tailored capital structures reflective of each business's financial and growth profiles
Better-optimized investment policies
Market recognition of standalone growth prospects and profitability
Enable investors' valuations to reflect each business's unique operating and financial dynamics
Quinlan continued, "We recognize that parts of the current portfolio will be more successful pursuing
different strategies, and that these particular businesses offer the scale, expertise, product and service mix
and other resources to excel as standalone companies. Creating three independent companies will allow each
to more quickly capitalize on opportunities created by continued technological innovation and globalization
within the markets they serve."
Financial Communications Services Company (FinancialCo)
FinancialCo will be a leading, financial communications services company serving both the investment and
capital markets worldwide. With proprietary technology, extensive capabilities and deep subject matter
expertise, FinancialCo will support its customers with content management, multichannel content
distribution, data management and analytics, collaborative workflow and business reporting tools and
translations services. FinancialCo's one-stop-shop offering leverages a unique combination of technology,
service and regulatory expertise built through the combination of RR Donnelley's financial print business,
Bowne Financial and EDGAR Online.
November 2015 The Lakeside Press Retired Employees’ Club 3
As a standalone company with trailing 12-month net sales for the period ended June 30, 2015 of
approximately $1 billion, the company believes FinancialCo will be positioned to aggressively invest in
leading technology and workflow tools to support its customer communications requirements in a growing
and fast evolving marketplace and to generate strong margins and cash flow to capitalize on significant
opportunities in content collaboration, data analytics and compliance/regulatory services.
Publishing and Retail-Centric Print Services Company (PRSCo)
Publishers, merchandisers and retailers worldwide trust PRSCo to prepare, produce and distribute their
periodicals, catalogs, inserts, books, office products and directories.
As a standalone company with trailing 12-month net sales for the period ended June 30, 2015 of
approximately $3.5 billion, the company believes PRSCo will continue to expand its unmatched scope of
print-related capabilities to better serve customers worldwide and will be well positioned for further value
creation through continued cost restructuring and accretive acquisition opportunities. The company's
expertise, deep customer relationships and strong cash flow generation are expected to support both organic
and acquisition opportunities.
Customized Multichannel Communications Management Company (CMCo)
CMCo will be a global, customized multichannel communications management provider that assists
organizations around the world in creating, managing and executing their multichannel communications
strategies. CMCo will offer customized digital and printed communications services, including direct mail,
short-run commercial printing, statements, business process outsourcing, supply chain management,
logistics, creative design, content management, forms, labels, packaging, kitting and fulfillment and more.
As a standalone company with trailing 12-month net sales for the period ended June 30, 2015 of
approximately $7 billion and deep relationships with Fortune 1000 customers, the company believes there
are clear growth opportunities for CMCo driven by increasing demand for customized multichannel
communications and it is well positioned to capture these opportunities by offering integrated solutions that
help customers better manage their brand execution, marketing and supply chain strategies. CMCo is
expected to have capital flexibility to fund growth investments and develop additional capabilities.
4 The Lakeside Press Retired Employees’ Club November 2015
News from in and around
Chicago
Stanley Laurinaitis Chicago Financial BE
Judi & Stan celebrated their 50th
wedding anniversary
April 2015.The party was held at the Bonfire Restaurant
in Homer Glen. We celebrated with our two daughters
and son and six grandchildren. Our friends and close
family attended as well.
Don Bergen Corp-Warsaw-Lanc-Chgo-Pittsb HR
Earlier this summer we visited the Hesston Steam Museum just north of LA Porte Indiana. It’s a wonderful
place to spend a day and there are three steam powered trains to ride. Soon after we arrived, we boarded this
train without having seen the locomotive. My wife Jackie mentioned to our daughter that the train reminded
her of the trains at the Brookfield Zoo that had been donated by Elliott Donnelley.
The gentleman in the picture heard her mention the Donnelley family and asked what our connection was. I
told him that I worked for RRD for 37 years and knew most of the family including Jim Tom and Elliott. He
went on to relate that Jim and Tom had both visited the
museum and as recently as 2 years ago and that the family had
donated much of the equipment we would be riding that day.
We had a great time with our daughter, Anne, from Singapore
and her children. It was a fun way to reconnect with the
Donnelley family.
Since we retired in 2005, Jackie and I have lived in Warsaw,
IN near our son Michael and his wife and four sons. We are
both involved in community service and keep very busy. We
travel as much as we can including, hot surprisingly, several
trips to Singapore and SE Asia. Our best to all our fellow
retirees, especially those from Chicago, Lancaster, Warsaw,
Pittsburgh and Corporate.
November 2015 The Lakeside Press Retired Employees’ Club 5
DO NOT SEND DUES TO LUNCH CHAIRMAN – SEND THEM TO GENE BENES
Your Name_____________________________________________ Phone Number ( )_____________
PLEASE FILL IN THE BLANKS ABOUT THE AREAS AND DEPARTMENTS REPRESENTED IN OUR CLUB
Members Note:
Your dues are good for one year, January 1st till December 31
st
8 The Lakeside Press Retired Employees’ Club November 2015
Look for an upcoming announcement regarding the
2016 Spring Luncheon which will be held on
Wednesday, May 11th, 2016!
Lakeside Press Retired Employees Club
34th Annual Picnic
September 9, 2015
Meeting called to order by George Wenrich at 11:00 AM.
In attendance were 25 members George Wenrich thanked Bonnie Fischer for her help with the picnic this year.
Jerry Malecki, Fall Luncheon Chairman, asked that members send in their money ($15.00), for the Fall
Luncheon to be held on November 11, 2015
Fred Mark introduced the slate of officers for 2015. They are as follows:
President George Wenrich
1st VP Programming Bonnie Fisher
Co-chair Spring Luncheon & /Co-chair Annual Picnic
Secretary Joan Mrozek
Treasurer Gene Benes
Membership Sharon Kerr
House Chairman
Newsletter Editor John Hormanski
Spring Lunch Chairmen Ruth & Carl Meyer
Fall Lunch Chairman Jerry Malecki
Fall Lunch Asst. Carol Malecki
Chaplain Stanley Zach
General Assistant Ed Slee
General Co-Assistant Fred Mark
A unanimous vote by those members present accepted all nominees.
Our Spring luncheon will be held at the Camelot banquets, which is located just west of the Lexington
House.
A variety of games were played by those in attendance. Gift Cards as prizes were raffled to 25 lucky people.
The weather was a great.
Respectfully submitted, Joan Mrozek
November 2015 The Lakeside Press Retired Employees’ Club 9
The 34th Annual Retired Employees’ Picnic Held Wednesday, September 9th
Bemis Woods, Western Springs, Il. Looked like it might rain again, but the sun came out in time to dry off the picnic benches and made for an
enjoyable day for the retirees. Everyone had a nice time of catching up with old friends, playing Horseshoes, Bingo and Roly Poly.
If you missed it this year, mark your calendar for the 2nd Wednesday in September, 2016
HORSESHOES!
BINGO!
ROLY POLY GAME! The Club President, George Wenrich,
Thanks for all you do George!
10 The Lakeside Press Retired Employees’ Club November 2015
John & Cindy Hormanski, Sharon Kerr Jim Dekanic
Don Siegler, Carl Meyer, Walter Bohenek Alvina Kita
Colette & Don Siegler, all the way from Michigan! Ruth and Carl Meyer
November 2015 The Lakeside Press Retired Employees’ Club 11
Barb and Stan Zach Pat and Don Matthews
Ed Slee, Don Matthews, Fred Mark, David Fisher Sylvia and Don Hosek
Carol Malecki and Joan Mrozek Pat Matthews and Georgeen Slee
12 The Lakeside Press Retired Employees’ Club November 2015
Ruth Meyer and Joe Wood John Edmundson and Ruth Meyer
Sylvia & Don Hosek, Walter & Geri Bohenek, Colette Siegler
Lunchtime!
November 2015 The Lakeside Press Retired Employees’ Club 13
BING
Ed Slee measures for horseshoes
Ed is impressed with Geri Bohenek Fred Mark going over the roster with
John Hormanski
1st Place Don Matthews
2nd
Place George Wenrich
3rd
Place Don Hosek
With Roly-Poly, all you have
to do is roll the ball and
what you hit, you win!
You’d be surprised at how
easy it is to miss
everything!
14 The Lakeside Press Retired Employees’ Club November 2015
There were lots of winners at BINGO!
Looks like Geri Bohenek has done this before! Carl Meyer & Jerry Malecki are impressed
by Don Siegler’s direct hit!
Colette Siegler takes aim
November 2015 The Lakeside Press Retired Employees’ Club 15
Think you are having a bad day?
Fire authorities in California found a corpse in a burned-out section of forest while assessing the damage
done by a forest fire. The deceased male was dressed in a full wet suit, complete with scuba tanks on his
back, flippers, and face mask.
A post-mortem test revealed that the man died not from burns, but from massive internal injuries. Dental
records provided a positive identification. Investigators then set about to determine how a fully clothed diver
ended up in the middle of a forest fire. It was revealed that on the day of the fire, the
Pat Matthews is wondering how it could
have possibly split the middle! Walter
Bohenek & barb Zach are wondering too!
We are such a Happy Bunch,
come out next year and join us!
16 The Lakeside Press Retired Employees’ Club November 2015
man went diving off the coast, some 20 miles from the forest. The fire fighters, seeking to control the fire as
quickly as possible, had called in a fleet of helicopters with very large dip buckets. Water was dipped from
the ocean and emptied at the site of the forest fire.
You guessed it. One minute our diver was making like Flipper in the Pacific, the next, he was doing the
breast stroke in a fire dip bucket 300 feet in the air.
Some days it just doesn't pay to get out of bed, but keep reading.
Still t h ink you ' r e having a bad day? A man was working on his motorcycle on the patio, his wife nearby in the kitchen. While racing the engine,
the motorcycle accidentally slipped into gear. The man, still holding onto the handlebars, was dragged along
as it burst through the glass patio doors.
His wife, hearing the crash, ran in the room to find her husband cut and bleeding, the motorcycle, and the
shattered patio door. She called for an ambulance and, because the house sat on a fairly large hill, went down
the several flights of stairs to meet the paramedics and escort them to her husband.
While the attendants were loading her husband, the wife managed to right the motorcycle and push it outside.
She also quickly blotted up the spilled petrol with some paper towels and tossed them into the toilet.
After being treated and released, the man returned home, looked at the shattered patio door and the damage
done to his motorcycle. He went into the bathroom and consoled himself with a cigarette while attending to
his business. About to stand, he flipped the butt between his legs.
The wife, who was in the kitchen, heard a loud explosion and her husband screaming. Finding him lying on
the bathroom floor with his trousers blown away and burns on his buttocks, legs and groin, she once again
phoned for an ambulance. The same paramedic crew was dispatched.
As the paramedics carried the man down the stairs to the ambulance they asked the wife how he had come to
burn himself. She told them. They started laughing so hard, one slipped, the stretcher dumping the husband
out. He fell down the remaining stairs, breaking his arm.
Still having a bad day?
J us t remember, it could be worse... The average cost of rehabilitating a seal after the Exxon Valdez oil spill in Alaska was $80,000. At a special ceremony, two of the most expensively saved animals were being released back into the wild amid cheers and applause from onlookers. A minute later, in full view, a killer whale ate them both.
Still think you a r e ha v in g a bad d ay? A woman came home to find her husband in the kitchen shaking frantically, almost in a dancing frenzy, with
some kind of wire running from his waist towards the electric kettle. Intending to jolt him away from the
deadly current, she whacked him with a handy plank of wood, breaking his arm in two places. Up to that
moment, he had been happily listening to his Walkman.
S T I L L t h ink you ' r e ha vi n g a bad d ay? Two animal rights protesters were protesting at the cruelty of sending pigs to a slaughterhouse in Bonn,
Germany. Suddenly, all two thousand pigs broke loose and escaped through a broken fence, stampeding
madly. The two hapless protesters were trampled to death.
W h a t?! S TILL ha v in g a b a d day? ? Iraqi terrorist Khay Rahnajet didn't pay enough postage on a letter bomb. It came back with 'return to sender'
stamped on it. Forgetting it was the bomb, he opened it and was blown to bits.