Quad/Graphics, Inc. (NYSE: QUAD) ("Quad/Graphics" or the "Company") announced today that print industry veteran Mark Angelson has rejoined its board of directors. Mr. Angelson was the Chairman and CEO of Montreal-based printer World Color Press Inc. ("Worldcolor") when he originally joined Quad/Graphics' board of directors on July 2, 2010, following Quad/Graphics' acquisition of Worldcolor. Mr. Angelson played a critical role in facilitating the acquisition, which propelled Quad/Graphics into the second largest commercial printer in the Americas. He left the board in April 2011 to become Deputy Mayor of Chicago. Most recently, Mr. Angelson was Chairman of the Board ofpapermaker NewPage Corporation and helped lead its recent merger with Verso Corporation.
– August 30th White House Will Not Release the Postal Task Force Report Until After Midterm Elections
The Trump administration is planning to keep under wraps until after the mid-term elections. Recommendations are expected to be actionable, either by legislation or regulation, but Trump’s Administration is not planning implementation until voters elect a new Congress.
“The task force is continuing its work to identify solutions to strengthen the USPS business
model driving toward a public report before the end of the year.”
– August 28th Senate Confirms 2 Postal Governors and President Trump Nominates 2 Additional Governors
The two new governors will be placed into earlier vacated, short-term positions and voted in by the Senate are David Williams, former US Postal Service Inspector General & Robert M Duncan, former Republican National Committee Chairman.
The White House announced two additional Nominees: Ron A. Bloom of New York; Roman Martinez IV of Florida.
– Impact of not having a Board of Governors for nearly 2 years…
Rate increase of 2.5 to 3.0% in January 2019
Complex business issues requiring review/approval, such as; critical capital expenses, labor policy, strategic guidance, and the Presidents Task Force Recommendations.
more at: https://www.arandell.com/news-events/postal-updates-9-13-2018/