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
December 5, 1996
(Date of Report)
GEORGIA-PACIFIC CORPORATION
(Exact Name of Registrant as Specified in its Charter)
GEORGIA
(State of Incorporation)
1-3506
(Commission File Number)
93-0432081
(IRS Employer Identification Number)
133 PEACHTREE STREET, N.E., ATLANTA, GEORGIA 30303
(Address of Principal Executive Offices)
(404) 652-4000
(Registrant's Telephone Number, including area code)
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Item 5. Other Events.
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During the first nine months of 1996, the distribution division of the
Corporation's building products segment incurred operating losses of $93
million, of which $68 million is considered by management to be non-recurring
expenses resulting from a previously announced project to change and improve
certain of the division's selling, administrative and logistical processes.
The division anticipates an operating loss of approximately $40 million in the
last quarter of 1996, and may incur additional one-time expenses associated with
the project of up to an additional $50 million in the fourth quarter of 1996.
As reported in the Corporation's Form 10-Q for the quarter ended September 30,
1996, the Corporation is making substantial investments to install new
information systems in connection with the Corporation's previously announced
goal of improving its annual pretax earnings by approximately $400 million
through a three-year effort to reduce overhead costs and improve efficiencies
throughout the Corporation. The Corporation is presently evaluating whether
certain write-offs of capitalized costs relating to these new information
systems will be necessary in the fourth quarter. Although no such determination
has been reached, such charges, if made, might be significant in relation to
fourth quarter earnings but would not have a material adverse effect on the
consolidated financial position of the Corporation.
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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 5, 1996.
GEORGIA-PACIFIC CORPORATION
By /s/ James F. Kelley
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James F. Kelley
Senior Vice President - Law
