SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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): March 14, 1997
FOUR M CORPORATION
(Exact name of registrant as specified in its charter)
MARYLAND 333-8043 52-0822639
(State or other jurisdiction of (Commission file number) (I.R.S. employer
incorporation or organization) identification no.)
115 STEVENS AVENUE
VALHALLA, NY 10595 10595
(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (914) 749-3200
<PAGE>
Item 5. Other Events.
Four M Corporation (the "Company") issued a press release on March 12,
1997 which is attached hereto as Exhibit 99.1 and by this reference incorporated
herein.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(c) Exhibits
Exhibit No. Description
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99.1 Press release issued by the Company dated March 12, 1997.
<PAGE>
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 thereunto duly authorized.
FOUR M CORPORATION
By: /s/ Timothy D. McMillin
----------------------
Timothy D. McMillin
Chief Financial Officer and Senior
Vice President
Date: March 14, 1997
<PAGE>
EXHIBIT INDEX
Exhibit No. Description
- ----------- -----------
99.1 Press release issued by the Company dated March 12, 1997.
EXHIBIT 99.1
[FORM M CORPORATION LOGO] [BOX USA LOGO]
FOR IMMEDIATE RELEASE FOR MORE INFORMATION CONTACT:
TIMOTHY D. MCMILLIN
CHIEF FINANCIAL OFFICER
(914) 749-3200
News Release
FOUR M CORPORATION (BOX USA) TO CURTAIL PRODUCTION
AT FORT MADISON MILL
VALHALLA, NY, March 12, 1997 --- Four M Corporation today announced that it will
curtail production at its Fort Madison, Iowa corrugating medium mill effective
March 31 for an indefinite period until market demand and pricing warrant a
resumption of containerboard production.
The Company completed a $1.4 million improvement project at the mill in November
of last year. The machinery enhancements, which have lowered cost and increased
output by 10% have improved the mill's competitive position for the long term,
according to management. However, the recent sharp and substantial decline in
market pricing for medium do not support continued production at this time.
Four M will continue to meet all customer requirements from other sources until
operations resume.
Four M Corporation is the largest independent full-service converter of
corrugated packaging materials in North America, with 28 converting facilities
in 17 states. The company also owns and operates the mill in Ft. Madison, Iowa,
is a joint venture co-owner of a large linerboard mill in Port St. Joe, Florida,
and has equity interests in Groveton Paper Company, a 400 ton per day
corrugating medium mill located in Groveton, New Hampshire, and Fibre Marketing
Corporation, a recycled fibre company.
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115 STEVENS AVENUE VALHALLA, NY 10595 (914) 749-3200
