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<P ALIGN="CENTER">UNITED STATES</P>


<P ALIGN="CENTER">SECURITIES AND EXCHANGE COMMISSION</P>


<P ALIGN="CENTER">Washington, D.C. 20549</P>


<P ALIGN="CENTER">FORM 8-K</P>


<P ALIGN="CENTER">CURRENT REPORT</P>


<P ALIGN="CENTER">Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934</P>


<P ALIGN="CENTER">Date of Report (date of earliest event reported):  December 8, 2004</P>


<P ALIGN="CENTER">SCHOOL SPECIALTY, INC.</P>


<P ALIGN="CENTER">(Exact name of registrant as specified in its charter)</P>


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<U><P ALIGN="CENTER">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Wisconsin&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>


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<U><P ALIGN="CENTER">&nbsp;&nbsp;&nbsp;&nbsp;000-24385&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>


<TD WIDTH="36%" VALIGN="TOP">


<U><P ALIGN="CENTER">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;39-0971239&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>


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<P ALIGN="CENTER">(State or other jurisdiction</P>


<P ALIGN="CENTER">of incorporation)</TD>


<TD WIDTH="26%" VALIGN="TOP">


<P ALIGN="CENTER">(Commission</P>


<P ALIGN="CENTER">File Number)</TD>


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<P ALIGN="CENTER">(IRS Employer</P>


<P ALIGN="CENTER">Identification No.)</TD>


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<P ALIGN="CENTER"></P>


<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=313>


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<P ALIGN="CENTER">W6316 Design Drive</P>


<U><P ALIGN="CENTER">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Greenville, Wisconsin  54942&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U></TD>


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<P ALIGN="CENTER">(Address of principal executive offices, including zip code)</TD>


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<TR><TD VALIGN="TOP">&nbsp;</TD>


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<P ALIGN="CENTER">Registrant's telephone number, including area code:  (920) 734-5712</P>


<P>Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:</P><DIR>





<P ALIGN="JUSTIFY"><FONT FACE="Wingdings">&#111;</FONT>


&#9;Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</P>


<P ALIGN="JUSTIFY"></P>


<P ALIGN="JUSTIFY"><FONT FACE="Wingdings">&#111;</FONT>


&#9;Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</P>


<P ALIGN="JUSTIFY"></P>


<P ALIGN="JUSTIFY"><FONT FACE="Wingdings">&#111;</FONT>


&#9;Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))</P>


<P ALIGN="JUSTIFY"></P>


<P ALIGN="JUSTIFY"><FONT FACE="Wingdings">&#111;</FONT>


&#9;Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</P>


</DIR>


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<P>Item 8.01.&#9;<U>Other Items</U>.</P></DIR>


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<P>On December 8, 2004, School Specialty, Inc. (the &quot;Company&quot;) entered into the First Supplemental Indenture dated as of December 8, 2004 (the &quot;Supplemental Indenture&quot;) between the Company and BNY Midwest Trust Company, as trustee (the &quot;Trustee&quot;), to the Indenture dated as of July 18, 2003 (the &quot;Indenture&quot;) between the Company and the Trustee related to the Company's 3.75% Convertible Subordinated Notes due 2023 (the &quot;Notes&quot;).  Prior to the execution of the Supplemental Indenture, the Company was permitted under the terms of the Indenture to elect to satisfy all or a portion of its conversion obligation with respect to the Notes in cash.  The Supplemental Indenture provides that the Company shall satisfy in cash the portion of such conversion obligation equal to the Accreted Principal Amount (as defined in the Indenture) of the Notes to be converted pursuant to such conversion obligation.  The Supplemental Indenture further provides that the Company shall satisfy the portion of its conversion obligation in excess of the Accreted Principal Amount, if any, in the manner provided elsewhere in the Indenture.</P>


<P>As a result of the Supplemental Indenture, the Company will not be required to include in a computation of diluted earnings per share that portion of the shares potentially issuable upon conversion of the Notes attributable to the Accreted Principal Amount of the Notes subject to such conversion.</P>


<P>The Supplemental Indenture is attached hereto as Exhibit 4.1 and incorporated herein by reference.</P>


<P>Item 9.01.  <U>Exhibits</U>.</P>


<P ALIGN="RIGHT"><TABLE CELLSPACING=0 BORDER=0 WIDTH=532>


<TR><TD WIDTH="21%" VALIGN="TOP">


<U><P ALIGN="CENTER">Exhibit No.</U></TD>


<TD WIDTH="79%" VALIGN="TOP">


<U><P ALIGN="CENTER">Description</U></TD>


</TR>


<TR><TD WIDTH="21%" VALIGN="TOP" HEIGHT=29><P></P></TD>


<TD WIDTH="79%" VALIGN="TOP" HEIGHT=29><P></P></TD>


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<P ALIGN="CENTER">4.1</TD>


<TD WIDTH="79%" VALIGN="TOP">


<P ALIGN="CENTER">First Supplemental Indenture dated as of December 8, 2004</TD>


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<U><P ALIGN="CENTER">SIGNATURES</P>


</U><P>Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.</P>


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<P>Dated:  December 8, 2004</TD>


<TD WIDTH="50%" VALIGN="TOP">


<P>SCHOOL SPECIALTY, INC.</TD>


</TR>


<TR><TD WIDTH="50%" VALIGN="TOP" HEIGHT=19><P></P></TD>


<TD WIDTH="50%" VALIGN="TOP" HEIGHT=19><P></P></TD>


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<TR><TD WIDTH="50%" VALIGN="TOP" HEIGHT=19><P></P></TD>


<TD WIDTH="50%" VALIGN="TOP" HEIGHT=19><P></P></TD>


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<TR><TD WIDTH="50%" VALIGN="TOP">&nbsp;</TD>


<TD WIDTH="50%" VALIGN="TOP">


<P>By: /s/ David J. Vander Zanden</TD>


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<TR><TD WIDTH="50%" VALIGN="TOP">&nbsp;</TD>


<TD WIDTH="50%" VALIGN="TOP">


<P>David J. Vander Zanden</P><DIR>





<P>President and Chief Executive Officer</DIR>


</TD>


</TR>


<TR><TD WIDTH="50%" VALIGN="TOP">&nbsp;</TD>


<TD WIDTH="50%" VALIGN="TOP">&nbsp;</TD>


</TR>


<TR><TD WIDTH="50%" VALIGN="TOP">&nbsp;</TD>


<TD WIDTH="50%" VALIGN="TOP">&nbsp;</TD>


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<TR><TD WIDTH="50%" VALIGN="TOP">


<P>Dated:  December 8, 2004</TD>


<TD WIDTH="50%" VALIGN="TOP">


<P>By: /s/ Mary M. Kabacinski</TD>


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<TR><TD WIDTH="50%" VALIGN="TOP" HEIGHT=19><P></P></TD>


<TD WIDTH="50%" VALIGN="TOP" HEIGHT=19>


<P>Mary M. Kabacinski</P><DIR>





<P>Executive Vice President and Chief Financial Officer</DIR>


</TD>


</TR>


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<P>&nbsp;</P>


<P ALIGN="CENTER">EXHIBIT INDEX</P>


<P ALIGN="CENTER"><CENTER><TABLE CELLSPACING=0 BORDER=0 CELLPADDING=7 WIDTH=535>


<TR><TD WIDTH="20%" VALIGN="TOP">


<U><P ALIGN="CENTER">Exhibit No.</U></TD>


<TD WIDTH="80%" VALIGN="TOP">


<U><P ALIGN="CENTER">Description</U></TD>


</TR>


<TR><TD WIDTH="20%" VALIGN="TOP">&nbsp;</TD>


<TD WIDTH="80%" VALIGN="TOP">&nbsp;</TD>


</TR>


<TR><TD WIDTH="20%" VALIGN="TOP">


<P ALIGN="CENTER">4.1</TD>


<TD WIDTH="80%" VALIGN="TOP">


<P ALIGN="CENTER">First Supplemental Indenture dated as of December 8, 2004</TD>


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<FONT SIZE=1><P>MW890993_1.DOC</P>


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{"company-data": {"conformed-name": "SCHOOL SPECIALTY INC", "cik": "0001055454", "assigned-sic": "5110", "irs-number": "390971239", "state-of-incorporation": "WI", "fiscal-year-end": "0430"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "000-24385", "film-number": "041190490"}, "business-address": {"street1": "W6316 DESIGN DRIVE", "city": "GREENVILLE", "state": "WI", "zip": "54942", "phone": "(920) 734-5712"}, "mail-address": {"street1": "P.O. BOX 1579", "city": "APPLETON", "state": "WI", "zip": "54912-1579"}}
Draft
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (date of earliest event reported):  December 8, 2004
SCHOOL SPECIALTY, INC.
(Exact name of registrant as specified in its charter)
Wisconsin
000-24385
39-0971239
(State or other jurisdiction
of incorporation)
(Commission
File Number)
(IRS Employer
Identification No.)
W6316 Design Drive
Greenville, Wisconsin  54942
(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code:  (920) 734-5712
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
o
Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o
Pre-commencement communication pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Item 8.01.
Other Items
.
On December 8, 2004, School Specialty, Inc. (the "Company") entered into the First Supplemental Indenture dated as of December 8, 2004 (the "Supplemental Indenture") between the Company and BNY Midwest Trust Company, as trustee (the "Trustee"), to the Indenture dated as of July 18, 2003 (the "Indenture") between the Company and the Trustee related to the Company's 3.75% Convertible Subordinated Notes due 2023 (the "Notes").  Prior to the execution of the Supplemental Indenture, the Company was permitted under the terms of the Indenture to elect to satisfy all or a portion of its conversion obligation with respect to the Notes in cash.  The Supplemental Indenture provides that the Company shall satisfy in cash the portion of such conversion obligation equal to the Accreted Principal Amount (as defined in the Indenture) of the Notes to be converted pursuant to such conversion obligation.  The Supplemental Indenture further provides that the Company shall satisfy the portion of its conversion obligation in excess of the Accreted Principal Amount, if any, in the manner provided elsewhere in the Indenture.
As a result of the Supplemental Indenture, the Company will not be required to include in a computation of diluted earnings per share that portion of the shares potentially issuable upon conversion of the Notes attributable to the Accreted Principal Amount of the Notes subject to such conversion.
The Supplemental Indenture is attached hereto as Exhibit 4.1 and incorporated herein by reference.
Item 9.01.
Exhibits
.
Exhibit No.
Description
4.1
First Supplemental Indenture dated as of December 8, 2004
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Dated:  December 8, 2004
SCHOOL SPECIALTY, INC.
By: /s/ David J. Vander Zanden
David J. Vander Zanden
President and Chief Executive Officer
Dated:  December 8, 2004
By: /s/ Mary M. Kabacinski
Mary M. Kabacinski
Executive Vice President and Chief Financial Officer
EXHIBIT INDEX
Exhibit No.
Description
4.1
First Supplemental Indenture dated as of December 8, 2004
MW890993_1.DOC