<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES ACT OF 1934
AUGUST 26, 1998
DATE OF REPORT (DATE OF EARLIEST EVENT REPORTED)
DELTIC TIMBER CORPORATION
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
DELAWARE 1-12147 71-0795870
(STATE OR OTHER JURISDICTION (COMMISSION (I.R.S. EMPLOYER
OF INCORPORATION) FILE NUMBER) IDENTIFICATION NO.)
210 EAST ELM STREET, EL DORADO, ARKANSAS 71730
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE (870) 881-9400
(NOT APPLICABLE)
(FORMER NAME OR FORMER ADDRESS, IF CHANGED SINCE LAST REPORT)
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Item 1. Not Applicable
Item 2. Not Applicable
Item 3. Not Applicable
Item 4. Not Applicable
Item. 5. On August 26, 1998, Deltic Timber Purchasers, Inc. a wholly-owned
subsidiary of the Registrant, completed the purchase of approximately 16,300
acres of strategically located, well-stocked timberland located in Bradley,
Columbia, Dallas and Union Counties, Arkansas from RII Timberland Partners I,
L.P. Consideration for the purchase was $45.7 million, and funds were accessed
from the Registrant's existing credit facility.
See the attached press release dated August 26, 1998 included as a
part of this report as Exhibit 1.
Item 6. Not Applicable
Item 7. Not Applicable
Item 8. Not Applicable
SIGNATURE
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.
Deltic Timber Corporation
By: /s/ W. BAYLESS ROWE
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Date: September 4, 1998 W. Bayless Rowe, Secretary
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EXHIBIT NO. 1
[LOGO AND LETTERHEAD OF DELTIC TIMBER APPEARS HERE]
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FOR RELEASE:
August 26, 1998
Immediately
El Dorado, Arkansas. Deltic Timber Corporation (NYSE-DEL) announced today
that its wholly-owned subsidiary, Deltic Timber Purchasers, Inc., has closed the
previously announced acquisition of approximately 16,300 acres of strategically
located timberland in Bradley, Columbia, Dallas and Union Counties, Arkansas
from RII Timberland Partners I, L.P. Consideration paid for the lands totaled
$45.7 million. Funds for the transaction were accessed through the Company's
existing credit facility. Ron L. Pearce, President and Chief Executive Officer,
commented, "The Company's cruises reveal that the lands are well-stocked with
mature pine sawtimber. All of the lands fit well with our existing operations,
with much of the acreage contiguous to existing Company lands. From a forestry
perspective this acquisition will enhance the Company's flexibility in
maximizing the value of its timberlands in south Arkansas, and enable the
Company to significantly increase its harvest levels."
Robert C. Nolan, Chairman of the Board, noted, "The Company's Board of
Directors is very pleased with this purchase, and with the accomplishments of
the Company's timberland acquisition program. So far in 1998, over 30,000 acres
have been closed or are under contract. Since its inception in late 1996, over
57,500 acres have been acquired, at an average per acre price of about $1,300,
bringing the Company's total timberland ownership to approximately 400,000
acres."
