Form 11-K
Table of Contents

 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
(Mark One)
     
þ   ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2008
OR
     
o   TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from                      to                     
Commission File Number 001-12631
 
A.  
Full title of the plan and address of the plan, if different from that of the issuer named below:
Consolidated Graphics, Inc. Employee 401(k) Savings Plan.
B.  
Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
Consolidated Graphics, Inc.,
5858 Westheimer, Suite 200,
Houston, Texas 77057.
 
 

 

 


 

CONSOLIDATED GRAPHICS, INC. EMPLOYEE 401(k) SAVINGS PLAN
TABLE OF CONTENTS
         
    Page  
 
       
    1  
 
       
Financial Statements:
       
 
       
    2  
 
       
    3  
 
       
    4  
 
       
       
 
       
    13  
 
       
    14  
 
       
    15  
 
       
 Exhibit 23.1 Consent of Independent Registered Public Accounting Firm
     
*  
Other supplemental schedules required by Section 2520-103.10 of the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 (“ERISA”) have been omitted because they are not applicable.

 

 


Table of Contents

(HLB LETTERHEAD)
REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
To the Retirement Committee
Consolidated Graphics, Inc. Employee 401(k) Savings Plan
We have audited the accompanying Statements of Net Assets Available for Benefits of the Consolidated Graphics, Inc. Employee 401(k) Savings Plan (the “Plan”) as of December 31, 2008 and 2007 and the related Statements of Changes in Net Assets Available for Benefits for the years then ended. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements. An audit also includes assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, the financial statements referred to above present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2008 and 2007 and the changes in net assets available for benefits for the years then ended in conformity with accounting principles generally accepted in the United States of America.
Our audits were performed for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedule of assets held for investment purposes as of December 31, 2008 is presented for the purpose of additional analysis and is not a required part of the basic financial statements, but is supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. This supplemental schedule is the responsibility of the Plan’s management. This supplemental schedule has been subjected to the auditing procedures applied in the audit of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole.
/s/ Ham, Langston & Brezina, L.L.P.
Houston, Texas
June 26, 2009

 

-1-


Table of Contents

CONSOLIDATED GRAPHICS, INC. EMPLOYEE 401(k) SAVINGS PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
December 31, 2008 and 2007
                 
    2008     2007  
 
               
Assets:
               
Investments, at fair value
  $ 84,403,411     $ 131,197,590  
Participants’ contributions receivable
    56,479       63,964  
 
           
 
               
Total assets
    84,459,890       131,261,554  
 
           
 
               
Liabilities:
               
Excess contributions payable
    309,256       617,513  
 
           
 
               
Total liabilities
    309,256       617,513  
 
           
 
               
Net assets available for benefits at fair value
    84,150,634       130,644,041  
 
           
 
               
Adjustment from fair value to contract value for interest in common collective trust relating to fully benefit-responsive investment contracts
    2,975,801       621,270  
 
           
 
               
Net assets available for benefits
  $ 87,126,435     $ 131,265,311  
 
           
The accompanying notes are an integral part of these financial statements.

 

-2-


Table of Contents

CONSOLIDATED GRAPHICS, INC. EMPLOYEE 401(k) SAVINGS PLAN
STATEMENTS OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
for the years ended December 31, 2008 and 2007
                 
    2008     2007  
 
               
Investment (loss) income:
               
Dividend and interest income
  $ 900,902     $ 1,104,361  
Net (depreciation) appreciation in fair value of investments
    (41,443,079 )     6,966,460  
 
           
 
               
Total investment (loss) income
    (40,542,177 )     8,070,821  
 
           
 
               
Contributions:
               
Employees
    8,080,883       8,483,934  
Rollovers from other plans
    371,981       701,890  
 
           
 
               
Total contributions
    8,452,864       9,185,824  
 
           
 
               
Total investment (loss) income and contributions
    (32,089,313 )     17,256,645  
 
           
 
               
Deductions from net assets attributed to:
               
Benefits and withdrawals
    12,014,039       14,977,625  
Trustee fees
    35,524       28,772  
 
           
 
               
Total deductions
    12,049,563       15,006,397  
 
           
 
               
Net (decrease) increase in net assets available for benefits
    (44,138,876 )     2,250,248  
 
           
 
               
Net assets available for benefits, beginning of year
    131,265,311       129,015,063  
 
           
 
               
Net assets available for benefits, end of year
  $ 87,126,435     $ 131,265,311  
 
           
The accompanying notes are an integral part of these financial statements.

 

-3-


Table of Contents

CONSOLIDATED GRAPHICS, INC. EMPLOYEE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
1.  
Description of Plan
The following description of the Consolidated Graphics, Inc. (the “Company”) Employee 401(k) Savings Plan (the “Plan”) provides only general information. Participants should refer to the Plan agreement for a more complete description of the Plan’s provisions.
General
The Plan was established effective January 1, 1997, as a defined contribution plan. All employees of the Company and any Affiliated Employer which has adopted the Plan, who have attained the age of 19 and completed at least one (1) month of service are eligible to participate in the Plan, except (i) union employees, unless participation in the Plan has been negotiated by a collective bargaining unit and the Company or an Affiliated Employer, (ii) non-resident aliens, (iii) leased employees, and (iv) individuals classified as independent contractors.
Administration
The Company created and appointed the members of the Retirement Committee to manage the Plan. State Street Bank and Trust serves as the Plan trustee/custodian. ADP Retirement Services is the recordkeeper for the Plan. Morgan Stanley is the Plan investment advisor.
Contributions
Each year, participants may contribute from 1% to 50% of their pretax annual compensation not to exceed the limitation set forth in Internal Revenue Code (“IRC”) Section 402(g) ($15,500 in both 2008 and 2007). Participants may make catch-up contributions, pre-tax contributions that exceed the annual elective deferral limit, during any calendar year ending on or after the participant’s 50th birthday. Participants’ total catch-up contributions during 2008 and 2007 cannot exceed $5,000 in either year. Participants may also make rollover contributions from other qualified plans. Participants direct the investment of their contributions into various investment options offered by the Plan. Although the Plan holds shares of Consolidated Graphics, Inc. common stock, no participant can elect to invest additional funds in this stock after December 31, 1999.
The Plan also provides for discretionary employer matching contributions not exceeding 6% of an employee’s annual compensation. Additional amounts may also be contributed by the employer at the option of the Company’s board of directors. During 2008 and 2007, the Company made no discretionary contributions to the Plan.
Participant Accounts
Each participant’s account is credited with the participant’s contributions and allocations of (i) Plan earnings and (ii) discretionary contributions made by the Company, if any, and charged with an allocation of administrative expenses. Allocations are based on participants’ compensation or account balances, as described in the Plan. Upon the occurrence of a distribution event, the benefit to which the participant is entitled is the benefit that can be provided from the participant’s vested interest in his or her account.

 

-4-


Table of Contents

CONSOLIDATED GRAPHICS, INC. EMPLOYEE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
1.  
Description of Plan, continued
Vesting
Participants are immediately vested in their elective contributions, plus any earnings on such contributions and any qualified employer matching contributions. The vesting of certain discretionary employer contributions plus any earnings thereon is based on years of continuous service accrued by the participant while in covered employment. A participant vests at a rate of 20% per year until fully vested after five years of credited service.
Participant Loans
Participants may borrow from their fund accounts at a minimum of $500 up to a maximum equal to the lesser of $50,000 or 50% of the participant’s vested account balance. Loan terms range from 1 to 5 years or up to 30 years for the purchase of a primary residence. The loans are secured by the vested balance in the participant’s account and bear interest at the current Wall Street prime rate, re-determined monthly, plus 1%, with the resulting interest rate fixed over the term of the loan. Principal and interest payments are made by means of payroll withholdings according to the terms of the respective promissory note.
Payment of Benefits
Upon termination of employment due to death or retirement, a participant (or his or her designated beneficiary in the event of death) may elect to receive either a lump-sum amount equal to the value of the participant’s vested interest in his or her account, or to have the account balance distributed in installments. For termination of employment due to other reasons, the vested interest in his or her account will be distributed as a lump-sum distribution.
Forfeited Accounts
All employer contributions, if any, credited to a participant’s account, but not vested, are forfeited by the participant upon distribution of the fully vested value of his or her account (or his or her designated beneficiary in the event of death). Forfeitures are generally used to pay Plan expenses or to reduce employer contributions. Although the Plan allows for discretionary matching contributions by the Company, no matching contributions have been contributed to participants. Thus, forfeitures do not normally occur in the Plan. However, other plans which have merged into the Plan may have forfeiture balances which are transferred into the Plan. Forfeiture balances were $40,675 and $47,746 at December 31, 2008 and 2007, respectively, and $8,944 and $2,475 were used to pay administrative expenses during the years ended December 31, 2008 and 2007, respectively.
Plan Termination
Although it has not expressed any intent to do so, the Company has the right to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, participants will become 100% vested in any previously non-vested account balances.
Administrative Expenses
All administrative fees of the Plan may be paid by the Company or the Plan with the exception of loan set-up and maintenance fees which are paid by participants. Fees paid by the Company on behalf of the Plan were $14,473 and $22,746 for the years ended December 31, 2008 and 2007, respectively.

 

-5-


Table of Contents

CONSOLIDATED GRAPHICS, INC. EMPLOYEE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
2.  
Summary of Significant Accounting Policies
Basis of Accounting
The financial statements of the Plan are prepared under the accrual method of accounting in accordance with accounting principles generally accepted in the United States of America.
As described in Financial Accounting Standards Board Staff Position, FSP AAG INV-1 and SOP 94-1-1, Reporting of Fully Benefit-Responsive Investment Contracts Held by Certain Investment Companies Subject to the AICPA Investment Company Guide and Defined-Contribution Health and Welfare and Pension Plans (the FSP), investment contracts held by a defined-contribution plan are required to be reported at fair value. However, contract value is the relevant measurement attribute for that portion of the net assets available for benefits of a defined-contribution plan attributable to fully benefit-responsive investment contracts because contract value is the amount participants would receive if they were to initiate permitted transactions under the terms of the Plan. As required by the FSP, the Statement of Net Assets Available for Benefits presents the fair value of the investment contracts as well as the adjustment of the fully benefit-responsive investment contracts from fair value to contract value. The Statement of Changes in Net Assets Available for Benefits is prepared on a contract value basis.
Use of Estimates
The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amount of net assets available for benefits and changes therein. Actual results could differ from those estimates.
Recent Accounting Pronouncements
In September 2006, the Financial Accounting Standards Board (“FASB”) issued Statement of Financial Accounting Standards No. 157, Fair Value Measurements (“SFAS 157”). SFAS 157 defines fair value, establishes a framework for measuring fair value, and expands disclosures about fair value measurements. SFAS 157 was effective for the Plan on January 1, 2008. The adoption of SFAS 157 did not have a significant impact on the Plan’s financial statements.
Risks and Uncertainties
The Plan provides for various investment options. These investment options are exposed to market risk, which generally means the risk of loss in the value of certain investment securities due to changes in interest rates, security and commodity prices and general market conditions. Due to the level of risk associated with certain investment securities and the level of uncertainty related to changes in the value of investment securities, it is reasonably possible that changes in risks in the near term could materially affect participants’ account balances and the amounts reported in the statement of net assets available for benefits and the statement of changes in net assets available for benefits.

 

-6-


Table of Contents

CONSOLIDATED GRAPHICS, INC. EMPLOYEE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
2.  
Summary of Significant Accounting Policies, continued
Investment Valuation
The Plan’s investments are stated at fair value. Shares of registered investment companies are valued at quoted market prices which represent the net asset value of shares held by the Plan at year end, and the Plan’s interest in the common collective trust is valued based on information reported by the investment advisor using the audited financial statements of the collective trust at year-end. The Plan invests in a unitized common stock fund. The common stock fund invests primarily in the Company’s common stock, which is valued at its quoted market price. Participant loans are valued at cost which approximates fair value. Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date.
Net (Depreciation) Appreciation in Fair Value of Investments
The Plan presents in the statement of changes in net assets available for benefits the net (depreciation) appreciation in the fair value of its investments, which consists of the realized gains or losses on sale of investments and unrealized (depreciation) appreciation on those investments.
Benefit Payments
Benefits are recorded when paid.
3.  
Investments
The following investments each represent five percent or more of the Plan’s net assets at December 31, 2008 and 2007:
                 
    2008     2007  
 
               
Morgan Stanley Stable Value Fund
  $ 13,438,372     $ 15,914,417  
Morgan Stanley Focus Growth Fund-I
    7,711,168       9,408,817  
Morgan Stanley S&P 500 Index Fund-I
    7,216,898       12,258,507  
Oppenheimer Global Fund-A
    6,437,073       11,733,544  
ING International Value Fund-A
    6,132,758       11,317,674  
Davis New York Venture Fund-A
    5,453,117       9,618,948  
Calvert Income Fund-A
    4,639,827       *  
Van Kampen Strategic Growth Fund-A
    *       7,868,366  
Franklin Small-Mid Cap Growth Fund-A
    *       6,563,761  
Investments less than 5% of the Plan’s net assets
    33,374,198       46,513,556  
 
           
 
               
Total investments
  $ 84,403,411     $ 131,197,590  
 
           
 
     
*  
Less than 5% of plan assets in the period indicated.

 

-7-


Table of Contents

CONSOLIDATED GRAPHICS, INC. EMPLOYEE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
3.  
Investments, continued
During the years ended December 31, 2008 and 2007, the Plan’s investments (including gains and losses on investments bought and sold, as well as held during the year) (depreciated) appreciated in value as follows:
                 
    2008     2007  
 
               
Registered investment companies (mutual funds)
  $ (40,027,740 )   $ 7,585,044  
Consolidated Graphics, Inc. common stock fund
    (1,415,339 )     (618,584 )
 
           
 
               
Net (depreciation) appreciation in fair value of investments
  $ (41,443,079 )   $ 6,966,460  
 
           
4.  
Fair Value Measurements
Financial Accounting Standards Board Statement No. 157, Fair Value Measurements (FASB Statement No. 157), establishes a framework for measuring fair value. That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (level 1 measurements) and the lowest priority to unobservable inputs (level 3 measurements). The three levels of the fair value hierarchy under FASB Statement No. 157 are described below:
             
 
  Level 1       Inputs to the valuation methodology are unadjusted quoted prices for identical assets or liabilities in active markets that the Plan has the ability to access.
 
           
 
  Level 2       Inputs to the valuation methodology include:
   
Quoted prices for similar assets or liabilities in active markets;
 
   
Quoted prices for identical or similar assets or liabilities in inactive markets;
 
   
Inputs other than quoted prices that are observable for the asset or liability;
 
   
Inputs that are derived principally from or corroborated by observable market data by correlation or other means.
             
   
If the asset or liability has a specified (contractual) term, the Level 2 input must be observable for substantially the full term of the asset or liability.
 
           
 
  Level 3       Inputs to the valuation methodology are unobservable and significant to the fair value measurement.
The asset’s or liability’s fair value measurement level within the fair value hierarchy is based on the lowest level of any input that is significant to the fair value measurement. Valuation techniques used need to maximize the use of observable inputs and minimize the use of unobservable inputs.

 

-8-


Table of Contents

CONSOLIDATED GRAPHICS, INC. EMPLOYEE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
4.  
Fair Value Measurements, continued
Following is a description of the valuation methodologies used for assets measured at fair value. There have been no changes in the methodologies used at December 31, 2008 and 2007.
Mutual funds: Valued at the net asset value (“NAV”) of shares held by the plan at year end.
Common collective trust: Valued at fair value based on information reported in the audited financial statements of the collective trust at year-end.
Common stock: Valued at the closing price reported on the active market on which the individual securities are traded.
Participant loans: Valued at amortized cost, which approximates fair value.
The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Plan believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.
The following table sets forth by level, within the fair value hierarchy, the Plan’s assets at fair value as of December 31, 2008:
Assets at Fair Value as of December 31, 2008
                                 
    Level 1     Level 2     Level 3     Total  
 
                               
Mutual funds
  $ 66,179,657     $     $     $ 66,179,657  
Common collective trust
          13,438,372             13,438,372  
Company common stock fund
          1,359,082             1,359,082  
Participant loans
                3,426,300       3,426,300  
 
                       
 
                               
Total assets at fair value
  $ 66,179,657     $ 14,797,454     $ 3,426,300     $ 84,403,411  
 
                       
Level 3 Gains and Losses
The table below sets forth a summary of changes in the fair value of the Plan’s level 3 assets for the year ended December 31, 2008:
         
    Participant Loans  
 
       
Balance, beginning of year
  $ 3,030,449  
 
       
Purchases, sales, issuances and settlements, net
    395,851  
 
     
 
       
Balance, end of year
  $ 3,426,300  
 
     

 

-9-


Table of Contents

CONSOLIDATED GRAPHICS, INC. EMPLOYEE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
5.  
Party-in-Interest Transactions
The Plan invests in participant loans and in mutual funds and a common collective trust established and operated by Morgan Stanley, the Plan’s investment advisor, and has investments in the Company’s common stock. These transactions qualify as party-in-interest transactions, as defined by ERISA. Such transactions are permitted under the provisions of the Plan and are exempt from the prohibition of party-in-interest transactions under ERISA.
6.  
Tax Status
The Plan is based on a non-standardized prototype plan. The prototype plan received an opinion letter from the Internal Revenue Service dated May 3, 2002. The Plan trustee and administrator believe that the Plan is designed and is currently being operated in compliance with the applicable requirements of the IRC of 1986, as amended, and accordingly, that the trust maintained in connection with the Plan is tax-exempt.
7.  
Excess Contributions Payable
The Plan did not satisfy the nondiscrimination test under IRC Section 401(k)(3) for the 2008 and 2007 Plan years. To comply with such nondiscrimination test, the Plan made required distributions of excess contributions of $309,256 and $617,513, which includes any income/loss attributable thereto, to highly compensated employees by March 15, 2009 and 2008, respectively.
8.  
Reconciliation of Plan Financial Statements to Form 5500
The following is a reconciliation of the net assets available for benefits per the financial statements to the Form 5500 as of December 31, 2008 and 2007:
                 
    2008     2007  
 
               
Net assets available for benefits per the financial statements
  $ 87,126,435     $ 131,265,311  
 
               
Excess contributions payable from current year
    309,256       617,513  
Contributions receivable from current year
    (56,479 )     (63,964 )
 
           
 
               
Net assets available for benefits per Form 5500
  $ 87,379,212     $ 131,818,860  
 
           

 

-10-


Table of Contents

CONSOLIDATED GRAPHICS, INC. EMPLOYEE 401(k) SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
8.  
Reconciliation of Plan Financial Statements to Form 5500, continued
The following is a reconciliation of the net (decrease) increase in net assets available for benefits per the financial statements to the Form 5500 for the years ended December 31, 2008 and 2007:
                 
    2008     2007  
Net (decrease) increase in net assets available for benefits per the financial statements
  $ (44,138,876 )   $ 2,250,248  
 
               
Excess contributions payable from current year
    309,256       617,513  
Contributions receivable from prior year
    63,964       351,615  
Contributions receivable from current year
    (56,479 )     (63,964 )
Excess contributions payable from prior year
    (617,513 )     (398,678 )
 
           
 
               
Net (decrease) increase in net assets available for plan benefits per Form 5500
  $ (44,439,648 )   $ 2,756,734  
 
           

 

-11-


Table of Contents

SUPPLEMENTAL SCHEDULE

 

-12-


Table of Contents

CONSOLIDATED GRAPHICS, INC. EMPLOYEE 401(k) SAVINGS PLAN
SCHEDULE H, LINE 4i — SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2008
EIN: 76-0190827
PN: 010
                 
    (b) Identity of Issue,   (c) Description of Investment, Including      
    Borrower, Lessor or   Maturity Date, Rate of Interest,   (e) Market  
(a)   Similar Party   Collateral, Par or Maturity Value   Value*  
 
               
**
  Morgan Stanley   Common Collective Trust - Stable Value Fund   $ 13,438,372 ***
**
  Morgan Stanley   Mutual Fund - Focus Growth Fund-I     7,711,168 ***
**
  Morgan Stanley   Mutual Fund - S&P 500 Index Fund-I     7,216,898 ***
 
  Oppenheimer   Mutual Fund - Global Fund-A     6,437,073 ***
 
  ING   Mutual Fund - International Value Fund-A     6,132,758 ***
 
  Davis   Mutual Fund - New York Venture Fund-A     5,453,117 ***
 
  Calvert   Mutual Fund - Income Fund-A     4,639,827 ***
 
  Van Kampen   Mutual Fund - Equity & Income Fund-A     3,511,456  
 
  Franklin   Mutual Fund - Small-Mid Cap Growth Fund-A     3,494,606  
 
  Franklin   Mutual Fund - Balance Sheet Investment Fund-A     3,468,813  
**
  Morgan Stanley   Mutual Fund - U.S. Government Securities Trust-I     3,410,107  
 
  Van Kampen   Mutual Fund - Growth & Income Fund-A     3,062,891  
 
  Davis   Mutual Fund - Opportunity Fund-A     2,405,071  
 
  Van Kampen   Mutual Fund - Mid Cap Growth Fund-A     2,098,236  
 
  Virtus   Mutual Fund - Mid Cap Value (formerly Phoenix Mid Cap Value) Fund-A     1,869,649  
**
  Morgan Stanley   Mutual Fund - Strategist Fund-I     1,429,345  
**
  Consolidated Graphics, Inc.   Common Stock - Consolidated Graphics, Inc.     1,359,082  
**
  Morgan Stanley   Money Market Fund - Liquid Asset Fund     774,413  
 
  Pioneer   Mutual Fund - Oak Ridge Small Cap Growth Fund-A     759,793  
 
  American Century   Mutual Fund - Government Bond Fund-Advisors     586,837  
 
  AllianceBernstein   Mutual Fund - 2020 Retirement Strategy Fund-A     417,191  
**
  Morgan Stanley   Mutual Fund - Special Value Fund-I     336,993  
 
  AllianceBernstein   Mutual Fund - 2025 Retirement Strategy Fund-A     249,790  
 
  Alger   Mutual Fund - Small Cap Growth Institutional Fund-I     174,527  
 
  AllianceBernstein   Mutual Fund - 2050 Retirement Strategy Fund-A     150,781  
 
  AllianceBernstein   Mutual Fund - 2015 Retirement Strategy Fund-A     144,481  
 
  AllianceBernstein   Mutual Fund - 2035 Retirement Strategy Fund-A     95,014  
 
  AllianceBernstein   Mutual Fund - 2030 Retirement Strategy Fund-A     60,334  
 
  AllianceBernstein   Mutual Fund - 2045 Retirement Strategy Fund-A     42,863  
 
  AllianceBernstein   Mutual Fund - 2040 Retirement Strategy Fund-A     38,930  
 
  AllianceBernstein   Mutual Fund - 2010 Retirement Strategy Fund-A     6,213  
 
  AllianceBernstein   Mutual Fund - 2000 Retirement Strategy Fund-A     288  
 
  AllianceBernstein   Mutual Fund - 2005 Retirement Strategy Fund-A     194  
**
  Participant Loans   Loans bearing interest at rates ranging from 5.0% to 10.5% per year     3,426,300  
 
             
 
               
 
          $ 84,403,411  
 
             
 
     
*  
Cost information is not presented because all investments are participant directed.
 
**  
Represents party-in-interest transactions.
 
***  
Represents investments comprising at least 5% of net assets available for benefits.

 

-13-


Table of Contents

SIGNATURE
PURSUANT TO THE REQUIREMENTS OF THE SECURITIES EXCHANGE ACT OF 1934, THE TRUSTEE (OR OTHER PERSONS WHO ADMINISTER THE PLAN) HAS DULY CAUSED THIS ANNUAL REPORT TO BE SIGNED ON ITS BEHALF BY THE UNDERSIGNED HEREUNTO DULY AUTHORIZED.
         
  Consolidated Graphics, Inc.
Employee 401(k) Savings Plan
 
 
  By:   /s/ Jon C. Biro    
    Jon C. Biro   
    Member of the Consolidated Graphics, Inc.
Employee 401(k) Savings Plan
Retirement Committee 
Date: June 29, 2009

 

-14-


Table of Contents

EXHIBIT INDEX
         
Exhibit Number   Description
       
 
  23.1    
Consent of Independent Registered Public Accounting Firm

 

-15-