DEAR SHAREHOLDERS:
The Board of Directors is pleased to report the company completed its restructuring and reorganization during 2001 and ended the year more focused with a significantly more profitable operation. Also, during 2001 the company strengthened its management team with the addition of world-class executives having broad business experience.
     With our management team now in place, we look forward with confidence to the next phase of our company's renewal. This will be the execution of our strategic plan for the enhancement of shareholder value for the long term.
     Thank you for your support.
PAUL H. GRANZOW
Chairman of the Board
Standard Register
 
 
DENNIS L. REDIKER PETER A. DORSMAN
President & Chief Executive Officer Chief Operating Officer
       
DEAR SHAREHOLDERS:
2001 was a year of change and renewal at Standard Register. With a drive to deliver superior long-term value to shareholders, customers and associates, we took action to reshape and reen-ergize the company. The actions included
 • Portfolio management. We trimmed our customer base and discontinued operations and products that weren't aligned with our profit goals or strategic direction.
• Reorganization. We recast the company into four strategic business units and brought in world-class talent in leadership
  
roles to help us take a fresh look at the business, at market trends and at the opportunities before us. These entrepreneurial business units are focusing their energy on where we can add significant value for customers through information solutions, particularly in fast-growing markets.
• Perfomance. We launched major initiatives to help us achieve operational excellence and build an infrastructure for sustained growth.

Standard Register                          
2001 Annual Report