Dear Mr. Melchiorre: We are in receipt of your letter dated February 28, 2020. As was the case in August 2019 when the Board of Directors of R. R. Donnelley & Sons Company (the “Company”) adopted the Company’s stockholder rights plan (the “Rights Plan”), to which you make reference in your letter, the Board continues to believe that it is in the best interests of the Company’s stockholders that no one person or group acquire undue influence or control through purchases of the Company’s stock. The Board will continue to make decisions concerning the need for a Rights Plan and other matters in the best interests of stockholders. Regarding application of the Rights Plan to Chatham Asset Management (“Chatham”), we previously informed you on Feb 10 that Chatham was misreading the Rights Plan. In particular, under the terms of the Rights Plan, Chatham was not an Ordinary Course Institutional Investor, and the recent commencement by Chatham of reporting on Schedule 13D does not give rise to the “untenable dilemma” referenced in your letter. We refer you specifically to Section 1(a) of the Rights Plan, where the terms Acquiring Person and Ordinary Course Institutional Investor are defined. Because Chatham filed its Schedule 13G pursuant to Rule 13d-1(c) under the Securities Exchange Act of 1934, it was not an Ordinary Course Institutional Investor, and Chatham’s commencement of reporting on Schedule 13D does not affect Chatham’s ability to continue to qualify as an Exempt Person (as defined in Section 1(t) of the Rights Plan). If you have further questions regarding the operation of the Rights Plan, we will set up a call among counsel to again explain it. We continue to be interested in engaging constructively with Chatham, and have sent multiple requests to do so, including two such requests on February 27. We have yet to hear back from you regarding a meeting. Moreover, neither in your letters nor on your previous calls with us have you identified debt opportunities that we have not evaluated. In fact, we included several messages regarding our debt outstanding and future plans in our press release dated February 25 and our conference call on February 26, including the following: click read more below
PRINTING United, originally scheduled to take place at the Georgia World Congress Center in Atlanta on October 21-23, 2020, will now move to a powerful online experience this fall due to constraints surrounding the COVID-19 pandemic. The health and safety of all attending and involved with the show remains paramount. The decision to terminate the in-person expo comes after extensive conversations, up-to-the-minute surveys, and projections that the team has been navigating since the onset of the pandemic. Details regarding the new online event experience are forthcoming.
PRINTING United has met continuously with experts from the Georgia World Congress Center, the city of Atlanta, Johns Hopkins Center for Health Security specializing in mass gatherings, and local authorities on guidance and recommendations on best practices as related to all aspects of the event. Past attendee and exhibitor feedback highly suggested a willingness for companies to travel and participate in this year’s show up until very recently, when the state of re-opening projections and trends in COVID-19 began to shift.
more at source: https://www.piworld.com/article/printing-united-transitioning-to-a-comprehensive-online-experience-in-2020/