<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
Current Report Pursuant
to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report: September 19, 1994
FEDERAL PAPER BOARD COMPANY, INC.
(Exact Name of Registrant as Specified in its Charter)
NORTH CAROLINA
(State or Other Jurisdiction of Incorporation)
1-3838 22-0904830
(Commission File Number) (I.R.S. Employer Identification Number)
75 CHESTNUT RIDGE ROAD, MONTVALE, NEW JERSEY, 07645
(Address of Principal Executive Offices) (Zip Code)
(201) 391-1776
(Registrant's Telephone Number, Including Area Code)
<PAGE>
INFORMATION INCLUDED IN THIS REPORT
ITEM 5. OTHER EVENTS
Federal Paper Board Company, Inc. (the "Company") hereby reports it will be
restating its 1993 and first and second quarter 1994 financial statements to
reflect changes in the accounting for certain derivative financial
instruments. The Company's auditors, who concurred with the Company's
previous hedge accounting treatment for these instruments, have now
determined that hedge accounting treatment was not appropriate, thereby
requiring these instruments to be marked to market at the end of each quarter.
The pre-tax non-cash charge for the year 1993 and the first and second
quarter of 1994 will be in the range of approximately $25 to $35 million.
The Company is in the process of determining the effect of these charges on
the appropriate quarters. Amendments to the affected Reports filed pursuant
to Section 13 or 15(d) of the Securities Exchange Act of 1934 will be filed
at a later date.
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.
FEDERAL PAPER BOARD COMPANY, INC.
DATE: September 19, 1994 BY: /s/ QUENTIN J. KENNEDY
Quentin J. Kennedy
Director, Executive Vice President
and Secretary
