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Joel Quadracci Chairman, President & CEO
QUADNYSE (US Dollar)$12.64Volume508,014 Stock is Up 0.03 (0.24%)

04/18/194:02 p.m. ET (Refresh)

SEC Filings

Form S-4/A
QUAD/GRAPHICS, INC. filed this Form S-4/A on 01/15/2019
Document Outline
Entire Document (3262.2 KB)
Subdocument 1 - S-4/A - S-4/A
Page 1 - As filed with the Securities and Exchange Commission on January 15, 2019
Page 2 - JOINT PROXY STATEMENT/PROSPECTUS
Page 3 - Quad/Graphics, Inc.
Page 4 - MEETING. QUAD/GRAPHICS SHAREHOLDERS ARE REQUESTED TO COMPLETE, DATE, SIGN AND RETURN THE ENCLOSED PR
Page 5 - LSC COMMUNICATIONS, INC.
Page 6 - FOR ANY REASON, YOU MAY DO SO IN THE MANNER DESCRIBED IN THE ACCOMPANYING JOINT PROXY STATEMENT/PROS
Page 7 - REFERENCES TO ADDITIONAL INFORMATION
Page 8 - ABOUT THIS JOINT PROXY STATEMENT/PROSPECTUS
Page 9 - TABLE OF CONTENTS
Page 10 - N/A
Page 11 - N/A
Page 12 - N/A
Page 13 - QUESTIONS AND ANSWERS ABOUT THE MERGER AND THE SPECIAL MEETINGS
Page 14 - Q: What do I need to do now?
Page 15 - Q: What equity stake will LSC stockholders hold in Quad/Graphics immediately following the merger?
Page 16 - Q: What shareholder vote is required to approve the share issuance proposal at the Quad/Graphics spe
Page 17 - Q: What happens if LSC stockholders do not approve, by a non-binding, advisory vote, merger-related
Page 18 - Q: What constitutes a quorum for each special meeting?
Page 19 - Q: If I am a LSC stockholder, how do I vote?
Page 20 - Q: I hold shares of both Quad/Graphics and LSC. Do I need to vote separately for each company?
Page 21 - Q: Can I change my vote after I have submitted a proxy or voting instruction card?
Page 22 - Q: Where will the Quad/Graphics class A common stock that LSC stockholders receive in the merger be
Page 23 - Q: Who will solicit and pay the cost of soliciting proxies?
Page 24 - SUMMARY
Page 25 - The Merger and the Merger Agreement (see page 121)
Page 26 - LSC RSAs
Page 27 - Quad/Graphics Special Meeting (see page 52)
Page 28 - The Merger Agreement Proposal
Page 29 - Opinion of Quad/Graphics Financial Advisor
Page 30 - Interests of LSC s Executive Officers and Directors in the Merger
Page 31 - Interests of Quad/Graphics Executive Officers and Directors in the Merger
Page 32 - Certain Indebtedness of Quad/Graphics and LSC (see page 115)
Page 33 - Key Provisions of the Merger Agreement (see page 121)
Page 34 - LSC Restrictions on Changes of Recommendation
Page 35 - Conditions to the Consummation of the Merger
Page 36 - N/A
Page 37 - Termination
Page 38 - Termination Fees
Page 39 - Expenses
Page 40 - Comparison of Shareholder Rights
Page 41 - QUAD/GRAPHICS SELECTED HISTORICAL FINANCIAL INFORMATION
Page 42 - N/A
Page 43 - LSC SELECTED HISTORICAL FINANCIAL INFORMATION
Page 44 - N/A
Page 45 - SELECTED UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION
Page 46 - COMPARATIVE HISTORICAL AND UNAUDITED PRO FORMA
Page 47 - COMPARATIVE PER SHARE MARKET PRICE AND DIVIDEND INFORMATION
Page 48 - LSC Market Price and Dividend Information
Page 49 - RISK FACTORS
Page 50 - Shares of Quad/Graphics class A common stock received by LSC stockholders as a result of the merger
Page 51 - Failure to consummate the merger could negatively impact the stock price and the future business and
Page 52 - The regulatory approvals required for the consummation of the merger may not be obtained or may take
Page 53 - The executive officers and directors of LSC have interests and arrangements that may be different fr
Page 54 - The opinions of Quad/Graphics and LSC s respective financial advisors do not reflect changes in circ
Page 55 - LSC and/or Quad/Graphics may be targets of further securities class action and derivative lawsuits w
Page 56 - Uncertainties associated with the merger may cause a loss of management personnel and other key empl
Page 57 - Results of operations and financial condition of Quad/Graphics following the merger may differ mater
Page 58 - Quad/Graphics is expected to remain a controlled company within the meaning of the rules of the NYSE
Page 59 - CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS
Page 60 - N/A
Page 61 - THE COMPANIES
Page 62 - QLC Merger Sub Inc.
Page 63 - N/A
Page 64 - THE SPECIAL MEETING OF QUAD/GRAPHICS SHAREHOLDERS
Page 65 - Quorum
Page 66 - Voting of Proxies
Page 67 - QUAD/GRAPHICS PROPOSAL
Page 68 - THE SPECIAL MEETING OF LSC STOCKHOLDERS
Page 69 - AGAINST the merger agreement proposal.
Page 70 - Voting by Proxy
Page 71 - No Appraisal/Dissenters Rights
Page 72 - LSC STOCKHOLDERS SHOULD CAREFULLY READ THIS JOINT PROXY STATEMENT/PROSPECTUS IN ITS ENTIRETY FOR MOR
Page 73 - LSC PROPOSALS
Page 74 - LSC Adjournment Proposal
Page 75 - THE MERGER
Page 76 - N/A
Page 77 - N/A
Page 78 - N/A
Page 79 - N/A
Page 80 - N/A
Page 81 - N/A
Page 82 - N/A
Page 83 - N/A
Page 84 - N/A
Page 85 - N/A
Page 86 - N/A
Page 87 - N/A
Page 88 - N/A
Page 89 - N/A
Page 90 - N/A
Page 91 - Quad/Graphics Reasons for the Merger and Recommendation of Quad/Graphics Board of Directors
Page 92 - N/A
Page 93 - Opinion of Quad/Graphics Financial Advisor
Page 94 - The full text of the J.P. Morgan opinion dated October 30, 2018, which sets forth, among other thing
Page 95 - N/A
Page 96 - Public Trading Multiples Analysis
Page 97 - Discounted Cash Flow Analysis
Page 98 - Relative Value Analysis
Page 99 - LSC s Reasons for the Merger and Recommendation of LSC s Board of Directors
Page 100 - N/A
Page 101 - N/A
Page 102 - N/A
Page 103 - Accordingly, the LSC board of directors recommends that LSC stockholders vote (i) FOR the merger agr
Page 104 - The full text of BofA Merrill Lynch s written opinion to LSC s board of directors, which describes,
Page 105 - N/A
Page 106 - The financial analyses summarized below include information presented in tabular format. In order to
Page 107 - N/A
Page 108 - N/A
Page 109 - N/A
Page 110 - Other Factors
Page 111 - Miscellaneous
Page 112 - Certain Unaudited Prospective Financial Information
Page 113 - N/A
Page 114 - N/A
Page 115 - Certain Stand-Alone Unadjusted Projected Financial Information for Quad/Graphics Prepared by Quad/Gr
Page 116 - Certain Stand-Alone Adjusted Projected Financial Information for LSC Prepared by Quad/Graphics Manag
Page 117 - Unlevered Free Cash Flow for LSC and Quad/Graphics Prepared by BofA Merrill Lynch
Page 118 - Interests of LSC s Executive Officers and Directors in the Merger
Page 119 - Employment Agreement with Mr. Quinlan
Page 120 - Key Employee Severance Plan
Page 121 - Annual Incentive Plan Awards
Page 122 - Supplemental Pension Plan
Page 123 - N/A
Page 124 - Interests of Quad/Graphics Executive Officers and Directors in the Merger
Page 125 - Exchange of Certificates; No Fractional Shares
Page 126 - Regulatory Approvals
Page 127 - Mexico
Page 128 - Amendment to Quad/Graphics Credit Facility
Page 129 - Material U.S. Federal Income Tax Consequences
Page 130 - U.S. Federal Income Tax Consequences to Quad/Graphics, Merger Sub, and LSC
Page 131 - The preceding discussion is intended only as an overview of the material U.S. federal income tax con
Page 132 - Listing of Quad/Graphics Class A Common Stock; Delisting and Deregistration of LSC s Common Stock
Page 133 - THE MERGER AGREEMENT
Page 134 - Treatment of LSC Equity Awards
Page 135 - LSC PSUs
Page 136 - LSC stockholders should not return their stock certificates with the enclosed proxy card, and LSC st
Page 137 - Organizational Documents; Directors and Officers; NYSE Listing
Page 138 - Appraisal Rights
Page 139 - N/A
Page 140 - N/A
Page 141 - N/A
Page 142 - Access and Investigation
Page 143 - Interim Operations of LSC and Quad/Graphics Pending the Merger
Page 144 - N/A
Page 145 - N/A
Page 146 - N/A
Page 147 - Non-Solicitation of Acquisition Proposals; Changes of Recommendation
Page 148 - Definition of Acquisition Proposal
Page 149 - LSC: No-Shop Exceptions; Permitted Changes of Recommendation and Permitted Termination to Enter into
Page 150 - Definition of Superior Proposal
Page 151 - Quad/Graphics Special Meeting
Page 152 - Control and Information Sharing
Page 153 - Employee Benefits Matters
Page 154 - Election to Quad/Graphics Board of Directors
Page 155 - Treatment of Certain LSC Indebtedness
Page 156 - Conditions to the Consummation of the Merger
Page 157 - N/A
Page 158 - Termination
Page 159 - Termination Fees Payable by LSC
Page 160 - Termination Fees Payable by Quad/Graphics
Page 161 - Amendment
Page 162 - VOTING AND SUPPORT AGREEMENT
Page 163 - UNAUDITED PRO FORMA CONDENSED COMBINED FINANCIAL INFORMATION
Page 164 - N/A
Page 165 - N/A
Page 166 - UNAUDITED PRO FORMA CONDENSED COMBINED BALANCE SHEET
Page 167 - UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENTS OF OPERATIONS
Page 168 - UNAUDITED PRO FORMA CONDENSED COMBINED STATEMENTS OF OPERATIONS
Page 169 - QUAD/GRAPHICS, INC. AND LSC COMMUNICATIONS, INC.
Page 170 - UNAUDITED PRO FORMA CONDENSED BALANCE SHEET
Page 171 - UNAUDITED PRO FORMA CONDENSED STATEMENTS OF OPERATIONS
Page 172 - UNAUDITED PRO FORMA CONDENSED STATEMENTS OF OPERATIONS
Page 173 - Note 3. Accounting Policies
Page 174 - Note 5. Estimate of Assets to be Acquired and Liabilities to be Assumed
Page 175 - Note 6. Quad/Graphics Pro Forma Adjustments
Page 176 - Note 8. Other Pro Forma Adjustments
Page 177 - N/A
Page 178 - Pro Forma Combined Statements of Operations Adjustments
Page 179 - N/A
Page 180 - SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
Page 181 - N/A
Page 182 - Quad/Graphics Voting Trust
Page 183 - N/A
Page 184 - SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND
Page 185 - Security Ownership of Other Beneficial Owners
Page 186 - DESCRIPTION OF QUAD/GRAPHICS CAPITAL STOCK
Page 187 - N/A
Page 188 - N/A
Page 189 - N/A
Page 190 - Preferred Stock
Page 191 - Provisions of Wisconsin Law and Quad/Graphics Amended and Restated Articles of Incorporation and Ame
Page 192 - No Cumulative Voting
Page 193 - Director Removal
Page 194 - Preemptive Rights
Page 195 - COMPARISON OF THE RIGHTS OF QUAD/GRAPHICS SHAREHOLDERS
Page 196 - N/A
Page 197 - N/A
Page 198 - N/A
Page 199 - N/A
Page 200 - N/A
Page 201 - N/A
Page 202 - N/A
Page 203 - N/A
Page 204 - N/A
Page 205 - N/A
Page 206 - N/A
Page 207 - N/A
Page 208 - N/A
Page 209 - FUTURE SHAREHOLDER PROPOSALS
Page 210 - LEGAL MATTERS
Page 211 - EXPERTS
Page 212 - WHERE YOU CAN FIND MORE INFORMATION
Page 213 - Neither Quad/Graphics nor LSC has authorized anyone to give any information or make any representati
Page 214 - Annex A
Page 215 - TABLE OF CONTENTS
Page 216 - N/A
Page 217 - N/A
Page 218 - AGREEMENT AND PLAN OF MERGER
Page 219 - AGREEMENT
Page 220 - Proxy Statement/Prospectus ), and Parent shall prepare and file with the SEC a Registration Statemen
Page 221 - Company Stockholders Meeting ) to consider and vote upon the adoption of this Agreement, including t
Page 222 - Article II
Page 223 - Certificate ) and each non-certified Share represented by book entry (each, a Book-Entry Share ) sha
Page 224 - Non-DTC Book-Entry Share ), as promptly as reasonably practicable after the Effective Time (and in a
Page 225 - Average Price ) by (ii) the fraction of a share (after taking into account all shares of Company Com
Page 226 - Article III
Page 227 - N/A
Page 228 - Company SEC Documents ). As of its filing (or furnishing) date or, if amended prior to the date of t
Page 229 - Balance Sheet Date ): (a) each of the Acquired Corporations has conducted its business in the ordina
Page 230 - Leased Real Property , and together with the Owned Real Property sometimes referred to as the Real P
Page 231 - N/A
Page 232 - Material Contract. Except for Material Contracts that expire in accordance with their terms during t
Page 233 - Personal Information ) and (ii) since October 1, 2016 have complied with their respective privacy po
Page 234 - N/A
Page 235 - Multiemployer Plan )), to the extent applicable, accurate and complete copies of: (A) the plan docum
Page 236 - N/A
Page 237 - Insurance Policies ) provide full and adequate coverage for all normal risks incident to the busines
Page 238 - Company Financial Advisor ), to the effect that, as of the date of such opinion, and subject to the
Page 239 - Article IV
Page 240 - N/A
Page 241 - Parent Board Recommendation ).
Page 242 - Parent SEC Documents ). As of its filing (or furnishing) date or, if amended prior to the date of th
Page 243 - N/A
Page 244 - N/A
Page 245 - Debt Commitment Letter , together with the customary fee letter(s) referred to below), dated as of t
Page 246 - Article V
Page 247 - N/A
Page 248 - N/A
Page 249 - Restrictive Contracts ) had it been entered into prior to this Agreement, (B) amend or waive any mat
Page 250 - N/A
Page 251 - N/A
Page 252 - Acquisition Agreement ), (D) take any action to make the provisions of any Takeover Law inapplicable
Page 253 - Company Adverse Change Recommendation ) or (iii) execute or enter into, or propose publicly to execu
Page 254 - Article VI
Page 255 - N/A
Page 256 - Company Restricted Shares ) under the Company Equity Plans shall, automatically and without any requ
Page 257 - Company Human Resources Committee ), multiplied by (y) the Merger Consideration (less applicable Tax
Page 258 - Company 401(k) Plan ) to be terminated effective immediately prior to the Effective Time. In the eve
Page 259 - Indemnified Parties ), from and against any costs or expenses (including reasonable attorneys fees),
Page 260 - Current Premium ), and if such premiums for such insurance would at any time exceed 300% of the Curr
Page 261 - N/A
Page 262 - Debt Financing ), including using its commercially reasonable efforts to (i) negotiate definitive ag
Page 263 - Alternative Debt Financing ); provided that such Alternative Debt Financing shall not (i) include an
Page 264 - N/A
Page 265 - Change of Control Offer ) or (b) make arrangements satisfactory to the trustee for the holders of th
Page 266 - Control Refinancing ), and Parent shall assist the Company in connection with the Change of Control
Page 267 - Article VII
Page 268 - N/A
Page 269 - Article VIII
Page 270 - N/A
Page 271 - Termination Fee ) by wire transfer of immediately available federal funds, free of costs and charges
Page 272 - Parent Expense Reimbursement ), (x) in the case of Section 8.3(b)(i), within two (2) business days a
Page 273 - Delaware Courts ). Each party hereby irrevocably and unconditionally submits to the exclusive jurisd
Page 274 - N/A
Page 275 - N/A
Page 276 - N/A
Page 277 - N/A
Page 278 - IN WITNESS WHEREOF, the parties have caused this Agreement to be executed as of the date first above
Page 279 - EXHIBIT A
Page 280 - Bankruptcy and Equity Exception is defined in Section 3.21(c) of the Agreement.
Page 281 - Company Equity Plans shall mean the Company s 2016 Performance Incentive Plan and the Company s Amen
Page 282 - Company Senior Notes means the Company s 8.750% senior secured notes due 2023, issued pursuant to an
Page 283 - employee benefit plan within the meaning of Section 3(3) of ERISA, that is sponsored, maintained, co
Page 284 - Financing Parties is defined in Section 6.12(b) of the Agreement.
Page 285 - knowledge means (i) when used in the phrases to the knowledge of the Company or the Company has no k
Page 286 - Parent Associate means any current officer, employee, agent or consultant and any other individual w
Page 287 - Parent Options shall mean all options to purchase shares of Parent Class A Common Stock (whether gra
Page 288 - Regulatory Approvals is defined in Section 7.1(b) of the Agreement.
Page 289 - Tax shall mean supranational, national, state, provincial, municipal, local or foreign taxes, charge
Page 290 - EXHIBIT B
Page 291 - AMENDED AND RESTATED CERTIFICATE OF INCORPORATION
Page 292 - ARTICLE 8
Page 293 - N/A
Page 294 - Annex B
Page 295 - N/A
Page 296 - N/A
Page 297 - N/A
Page 298 - N/A
Page 299 - N/A
Page 300 - N/A
Page 301 - N/A
Page 302 - N/A
Page 303 - N/A
Page 304 - SCHEDULE A
Page 305 - SCHEDULE B
Page 306 - Annex C
Page 307 - N/A
Page 308 - N/A
Page 309 - Annex D
Page 310 - N/A
Page 311 - N/A
Page 312 - N/A
Page 313 - PART II
Page 314 - N/A
Page 315 - N/A
Page 316 - N/A
Page 317 - SIGNATURES
Page 318 - N/A
Subdocument 2 - EX-23.1 - EX-23.1
Page 1 - N/A
Subdocument 3 - EX-23.2 - EX-23.2
Page 1 - N/A
Subdocument 4 - EX-99.1 - EX-99.1
Page 1 - Exhibit 99.1
Page 2 - SPECIAL MEETING OF SHAREHOLDERS OF
Page 3 - N/A
Page 4 - SPECIAL MEETING OF SHAREHOLDERS OF
Subdocument 5 - EX-99.2 - EX-99.2
Page 1 - Exhibit 99.2
Page 2 - N/A
Page 3 - N/A
Subdocument 6 - EX-99.4 - EX-99.4
Page 1 - N/A

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