Dennis Rediker CEO

DAYTON, OH—Standard Register is embarking on a renewal plan aimed at revitalizing the company, taking advantage of growth opportunities and creating increased shareholder value. The plan comes at a steep manpower cost—2,400 employees—nearly 30 percent of Standard Register's workforce will be laid off. The four-step plan, which features restructuring, reorganization, performance improvement and growth initiatives, is designed to generate total shareholder return of 30 percent per year over the next three to four years. The long-term goal is to position the company for sustained earnings growth. After four quarters of declining earnings, Standard Register named Dennis Rediker CEO in June of 2000, in the hopes that he

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