Thomas B. D'Agostino

PALM BEACH, FL—Former Workflow Management Chairman of the Board Thomas B. D'Agostino Sr. has resigned from the board amid allegations that he misused company funds. According to the findings of an investigation conducted by the company, D'Agostino failed to comply with company policies and procedures, including those relating to expenses and personal business activities. The investigation also found that D'Agostino failed to furnish complete information to the board regarding certain transactions, and that he should reimburse the company for certain expenses paid by the company. While not admitting to any wrongdoing, D'Agostino has paid the company $400,000 in settlement of these matters. He has also reportedly

PALM BEACH, FL—Workflow Management executives are currently exploring their refinancing options in light of concern from the company's auditors that it will not be able to meet its December 31 deadline for repaying $50 million in bank debt. Company officials are said to be exploring several options that include refinancing, restructuring and even the outright sale of the company. "We are actively working with our financial advisors to strengthen and stabilize our capital structure," says Gary W. Ampulski, CEO, adding that they have received several third-party inquiries regarding the company. "Our lenders are fully supportive of the decision of our board of directors to pursue various