SEC Clears Schawk Inc.
DES PLAINES, IL—Schawk Inc., a provider of brand development and deployment services, announced it has been notified by the Securities and Exchange Commission (SEC) that the investigation of certain accounting matters related to printer's restatement of its financial results for 2005 and 2006, and the first three quarters of 2007, had been completed. The announcement, made in conjunction with Schawk's filing of its fiscal 2007 Form 10-K, concluded the SEC does not intend to take any enforcement action against Schawk.
Closure for Kansas Printer
LIBERTY, KS—Harmony Printing & Development, based here, has closed its doors permanently, citing a challenging industry and economic conditions, as well as its lackluster financial shape, the Kansas City Business Journal reported. Harmony Printing & Development had been in business for more than 40 years. It ranked sixth on the Business Journal's list of top general commercial printers with 2010 revenues of $9.4 million.
Name Change for NC Firm
CHARLOTTE, NC—What's in a name? Integraphx, a 32-year-old commercial printer, is changing its moniker to Boingo Graphics. The company, which has operated in eight different locations, debuted as Kopy Korner, followed by The Printing Office and then Integraphx in 2004. According to company president Scott Nowokunski, the name Boingo Graphics was chosen because it reflected the passion, energy and creativity that is a vital part of what the company does.
Whitman Takes HP Helm
SAN FRANCISCO—A familiar name in executive circles has been tabbed to take over at Hewlett-Packard. The company's board of directors has opted for Meg Whitman, the former eBay CEO and one-time candidate for governor in the state of California. Whitman takes over for embattled CEO Leo Apotheker, who lasted just 11 months at HP. She guided eBay through monstrous growth—to 15,000 employees and nearly $6 billion in annual revenues. PI