UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
(Mark one)
[x] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the fiscal year ended December 31, 1998
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from _________to__________
Commission file number 0-15899
WELLMAN, INC.
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(Exact name of registrant as specified in its charter)
Delaware 04-1671740
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(State or other jurisdiction of (I.R.S. Employer
incorporation or organization) Identification No.)
1040 Broad Street, Suite 302
Shrewsbury, New Jersey 07702
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(Address of principal executive (Zip Code)
offices)
Registrant's telephone number, including area code: (732) 542-7300
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Securities registered pursuant to Section 12(b) of the Act:
Name of each exchange
Title of each class on which registered
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Common Stock, New York Stock
$.001 par value Exchange
Securities registered pursuant to Section 12(g) of the Act: None
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the
registrant was required to file such reports), and (2) has been subject to
such filing requirements for the past 90 days. Yes X No
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Indicate by check mark if disclosure of delinquent filers pursuant to Rule
405 of Regulation S-K is not contained herein, and will not be contained, to
the best of registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K. [ ]
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Aggregate market value of the voting stock held by nonaffiliates of the
registrant, computed on the basis of $9.06 per share (the closing price of
such stock on March 15, 1999 on the New York Stock Exchange): $278,452,849.
The number of shares of the registrant's Class A Common Stock, $.001 par
value, and Class B Common Stock, $.001 par value, outstanding as of March 15,
1999 was 31,325,962 and -0-, respectively.
DOCUMENTS INCORPORATED BY REFERENCE
1. Proxy Statement for the 1999 Annual Meeting of Stockholders (to be
filed with the Securities and Exchange Commission on or before April 30,
1999) is incorporated by reference in Part III hereof.
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SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this amendment to the
report to be signed on its behalf by the undersigned, thereunto duly
authorized, on April 20, 1999.
WELLMAN, INC.
/s/ Mark J. Rosenblum
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Mark J. Rosenblum
Vice President
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EXHIBIT 23(a)
CONSENT OF INDEPENDENT AUDITORS
We consent to the incorporation by reference in Registration Statements (Form
S-8, Nos. 33-17196, 33-44822, 33-44877, 33-44876, 33-22459, 33-38491,
33-54075, 33-54079, 33-54077, 333-47833, 333-28273 and Form S-3, Nos.
33-36001 and 333-60175) pertaining to various stock option, employee savings,
deferred compensation and restricted stock plans and a universal shelf
registration statement of Wellman, Inc. of our report dated February 15,
1999, with respect to the consolidated financial statements and financial
statement schedules included in this Annual Report (Form 10-K) of Wellman,
Inc.
Ernst & Young LLP
Charlotte, North Carolina
March 26, 1999
EXHIBIT 23(b)
CONSENT OF INDEPENDENT AUDITORS
We consent to the incorporation by reference in Registration Statements (Form
S-8, Nos. 33-17196, 33-44822, 33-44877, 33-44876, 33-22459, 33-38491,
33-54075, 33-54079, 33-54077, 333-47833, 333-28273 and Form S-3, Nos.
33-36001 and 333-60175) pertaining to various stock option, employee savings,
deferred compensation and restricted stock plans and a universal shelf
registration statement of Wellman, Inc. of our report dated 28 January 1999,
with respect to the consolidated financial statements of Wellman
International Limited and subsidiaries at 31 December 1998 and 1997 and for
each of the three years in the period ended 31 December 1998, included in the
Annual Report (Form 10-K) of Wellman, Inc.
KPMG
Chartered Accountants
Registered Auditors
Dublin, Ireland
15 April 1999
