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
Date of Report: June 30, 2000
POTLATCH CORPORATION
(Exact name of registrant as specified in its charter)
Delaware 1-5313 82-0156045
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(State of other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification Number)
incorporation)
601 W. Riverside Avenue, Suite 1100, Spokane, WA 99201
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(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code:
509-835-1500
Item 5. Other Events
On June 29, 2000, Potlatch Corporation issued the following news release:
"Spokane, Wash.-- Potlatch Corporation (NYSE:PCH) chairmand and chief executive
officer L. Pendleton Siegel today announced that the company will take a one-
time, pre-tax charge of $26 million in the second quarter to cover costs
associated with a company-wide reduction in force announced on May 19, 2000.
"Siegel also projected anticipated annual pre-tax savings of $21 million as
a result of the reduction in force, which affected approximately 260 salaried
employees across the company's operations.
"This news release contains, in addition to historical information, certain
forward-looking statements. These forward-looking statements are based on
management's best estimates and assumptions regarding future events, and are
therefore subject to known and unknown risks and uncertainties and are not
guarantees of future performance. The company's actual results could differ
materially from those expressed or implied by forward-looking statements."
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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.
POTLATCH CORPORATION
(Registrant)
Date: June 30, 2000 By: /s/MALCOLM A. RYERSE
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Malcolm A. Ryerse
Secretary
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