SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
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Date of Report
(Date of earliest
event reported): October 28, 2003
Banta Corporation
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(Exact name of registrant as specified in its charter)
Wisconsin 1-14637 39-0148550
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(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
225 Main Street, Menasha, Wisconsin 54952
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(Address of principal executive offices, including zip code)
(920) 751-7777
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(Registrant's telephone number)
Item 7. Financial Statements and Exhibits.
(a) Not applicable.
(b) Not applicable.
(c) Exhibits. The following exhibit is being furnished herewith:
(99) Press Release of Banta Corporation dated October 28, 2003.
Item 12. Results of Operations and Financial Condition.
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On October 28, 2003, Banta Corporation (the "Company") issued a press
release announcing its financial results for the third quarter and nine months
ended September 27, 2003. A copy of such press release is furnished as Exhibit
99 and is incorporated by reference herein.
Use of Non-GAAP Measures
The Company reports its financial results of operations in accordance with
generally accepted accounting principles ("GAAP"). The Company has also provided
non-GAAP financial information to complement its consolidated financial
statements presented in accordance with GAAP. The non-GAAP financial measures
included in the Company's earnings release are the Company's third quarter and
year-to-date net earnings before costs associated with restructuring activities
(relating to realignment of the Company's consumer catalog and global
supply-chain management operations) and the Company's year-to-date net earnings
before costs associated with a litigation settlement for a terminated
acquisition effort concluded in the second quarter of 2003. Management believes
it is useful for investors to understand how its core operations performed
without the effects of such charges.
In the Company's judgment, excluding these costs allows investors to
meaningfully trend, analyze and benchmark the performance of the Company's core
operations. In addition, the Company believes that providing net earnings before
these costs provides another useful comparison of the Company's operational
performance in 2003 to the comparable periods in 2002. Many of the Company's
internal performance measures exclude these costs to enable meaningful trending
of core operating metrics over an extended period of time. The Company has
provided within the earnings release a reconciliation of the non-GAAP financial
measures to the most directly comparable GAAP financial measures.
The non-GAAP financial measures included in the Company's earnings release
are intended to supplement the user's overall understanding of the Company's
current financial performance and its prospects for the future. However, the
non-GAAP financial measures are not intended to supercede or replace the
Company's GAAP results or expectations.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
BANTA CORPORATION
Date: October 28, 2003 By: /s/ Ronald D. Kneezel
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Ronald D. Kneezel
Vice President, General Counsel and
Secretary
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BANTA CORPORATION
FORM 8-K
EXHIBIT INDEX
Exhibit
Number Description
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(99) Press Release of Banta Corporation, dated October 28, 2003.
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