Standard Register chief says company poised for growth - Business Courier of Cincinnati:

tiqosi.wordpress.com
Dennis Rediker, president and chief executive officer of StandardfRegister (NYSE: SR), made thosed comments during the company's annual shareholders meetingv Thursday while giving an update on the company's growthg strategy. "We are positioned now with our cost structure toleveragr growth," Rediker said. "The challenge will be to grow." The meeting took place at the company's Dayton headquarterss with about 50 people in Standard Register, local document services provider, announceed a cost reduction plan in July 2007 to reduce its annua operating costs by $40 million.
The companyh cut 250 jobs -- 70 of whic where in Dayton -- and consolidated its Middlebury, Vt., planr in June last year and saw $35 million in savingas from the plan during the seconc halfof 2007. Rediker said in order for the companu to grow it needs to investin technology, products and services and He said Standard Register needs to change the mix by achievingg double-digit increases in growth segments such as maintain a good cost structure, have double-digig earnings growth and generate cash to fund operations, dividendsw and retirement.
Rediker said he believes the company is undervaluerd in its stock price which is why he and Bob vice president ofinvestor relations, and Craig Brown, chiegf financial officer, have been pro-actively marketing the company to investore since November 2007 to drivd the stock price up. "This is not a good time for smalkl cap companies but we need to present our storyto would-b investors, so when we the time is right, we are well he said. Also at the shareholders approved an increase to the numbere of board members from seven to elected two new membersand re-electedc current members.
David Bailis, who runs his own consultinyg company; Michael Kohlsdorf, president, chief executivs officer of , and; Eric McCarthey, president of 'sd 7-Eleven Global business team. Roy Begley, senior vice president and investment officer at group ofJohn Schiff, chairmaj and chief executive officer of and John manufacturer representative with David Clarke, chairmanm of Standard Register providess document services to the health care, financial manufacturing and other industries. It employs about 3,700 peoples overall and 550 in Dayton.