At a special Awards Ceremony, Saturday, July 7, 2012, Contest Chairman Oscar Munoz, announced the winners. The announcements were made at the Chrysler Hall Theatre, in Norfolk, Virginia, where the 84th Annual Convention of the I.B.M. has been taking place all week.
In the 2012 I.B.M. Gold Cups Close-up Contest, 
the judges did not award the Gold Cups this year. Also, there were no youth competitors this year in the Close-up Contest.
In the Adult Category for Close-up, First Place went to Michael Dardant from Louisiana. He won $2,000. Second Place, and $500, went to Ed Ripley, from Tennessee.
As people left the theater Friday night, they voted for the People's Choice Award, the "Obie Award." The winner of that award, along with $500 and an invitation to the next 4F Convention in New York, also went to Michael Dardant.
The Preliminary Stage Contest was held over 
two days, with fifteen contestants. Of those, six were selected by the judges to move to the Finals Round of the Gold Medal Competition, Friday night. Those six were: Jean Paul Olhaberry, Mago Sebak, Ding Yang, Jay Hock Yang, Nicky Yang, and Joseph Young.
In the Gold Medal Stage Contest, the judges did not award the Gold Medal this year.
In the Youth Category of the Stage Contest, winning First Place, $500, and the Fantasma Prize Package, was Mago Sebak, from Argentina. Second Place, and $250, was won by Leo Kanzelberger, of Washington.
In the Adult Category of the Stage Contest, First
Place and $2,000 went to Jean Paul Olhaberry, from Chile, who also won the People's Choice Award for stage. Second Place and $250 was won by Jay Hock Yang, from South Korea.
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