Posted by the Editors on November 15th, 2006

INSIDER BUYING: As promised in Cenveo’s conference call last week, CEO Bob Burton is buying more shares in the company. Also buying - Director Leonard Green. According to InsiderScore.com, insiders picked up more than $1.8 million in shares between November 8th and 13th.

Burton purchased 50,595 shares and now holds about 3.5 million shares - a 6.5% stake. Leonard Green purchased 43,500 shares increasing his holdings to 590,900 shares.

Cenveo’s stock is up more than 70% over the past 12 months. According to SEC data, current insiders have not sold a single share of stock since Burton took over and there has been plenty of buying - plus grants of shares to key executives and officers.

Ironically, Cenveo’s former CEO Paul Reilly received most of the blame for the company’s decreasing value before Burton took over. Reilly is making money on Cenveo’s rising stock price as Burton turns the company around. Reilly holds 529,473 shares.

BURTON’S RAISE: Last week, Burton extended his employment agreement with Cenveo for an additional two years. In the conference call, he stated that this action further shows his commitment to Cenveo. In a filing with the SEC yesterday, the company indeed communicated Burton’s two year extension but also amended his compensation prospects. His base salary will increase from “not less than $950,000 to not less than $1,000,001″ and Burton’s incentive bonus opportunity will increase from 200% of base salary to 300% of base salary. The bonus is payable on an “all or nothing” basis depending on the achievement of target goals.