<PAGE>
FORM 8-K
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
CURRENT REPORT
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 1, 1994
SCOTT PAPER COMPANY
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Pennsylvania 1-2300 23-1065080
- --------------------------------------------------------------------------------
(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification
incorporation) Number)
Scott Plaza
Philadelphia, Pennsylvania 19113
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (610) 522-5000
None
- --------------------------------------------------------------------------------
(Former name or former address, if changed since last report)
Page 1 of 6 Pages
Exhibit Index on Page 4
-1-
<PAGE>
Item 5. Other Events
------------
See the news release attached hereto as Exhibit 99, the text of which is
incorporated herein by reference.
-2-
<PAGE>
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.
SCOTT PAPER COMPANY
By:
-------------------------------
Stephen D. Ford
Associate General Counsel and
Corporate Secretary
Date: June 1, 1994
-3-
<PAGE>
<TABLE>
<CAPTION>
EXHIBIT INDEX
-------------
Exhibit Page
- ------- ----
<S> <C> <C>
99 News Release dated May 31, 1994 5
</TABLE>
-4-
<PAGE>
EXHIBIT 99
FOR RELEASE IMMEDIATE
CONTACT Laura E. Boyce, 610/522-7260
SCOTT HIRES THREE TOP EXECUTIVES
--------------------------------
PHILADELPHIA, Pa., May 31, 1994 -- Albert J. Dunlap, chairman and CEO of Scott
Paper Company, today announced the hiring of three new top executives as part
of his corporate restructuring program. The trio are the first senior
executives to join the Company since Mr. Dunlap's election by Scott's Board of
Directors.
According to Mr. Dunlap, "I am bringing in a team of seasoned business
leaders to assist me in my efforts to lead Scott to a new level of prosperity.
These new executives will be instrumental as we restructure Scott and
formulate our strategy to focus on and strengthen our core worldwide tissue
business."
The following appointments will be effective in mid-June:
-- Russell A. Kersh, senior vice president, Finance and Administration.
Mr. Kersh will oversee the Company's corporate administrative
functions, including Finance, Information Systems, Procurement, and
Mergers, Acquisitions and Divestitures.
-- John P. Murtagh, senior vice president and general counsel. Mr.
Murtagh will supervise Scott's legal matters around the world,
Environmental Affairs and Government Relations.
-- Jack Dailey, vice president, Procurement, Distribution and Logistics.
Mr. Dailey will lead the Company's procurement efforts and will
coordinate distribution and logistics functions. He will report to
Mr. Kersh.
"I have worked with each of these gentlemen before and have personally
witnessed their ability to successfully execute restructuring strategies,"
said Mr. Dunlap. "I am confident they will help me lead Scott to achieve a
significant increase in shareholder value."
-5-
<PAGE>
Mr. Kersh and Mr. Murtagh, along with senior vice president P. Newton
White, vice president, treasurer and chief financial officer Basil L.
Anderson, and a new worldwide consumer tissue leader, will be among the
members of a new operating committee for Scott's core tissue business. This
committee, headed by Mr. Dunlap, will be responsible for the key strategic and
operating decisions at Scott. Mr. J.R. Leaman, Jr. will continue as vice
chairman and president of S.D. Warren.
Scott, the world's leading producer of sanitary tissue products, is a
Fortune 200 company with approximately $5 billion in sales. Since Mr. Dunlap's
appointment, the Company has announced it is exploring strategic alternatives
for its S.D. Warren printing and publishing papers business, and has seen its
stock price climb approximately 25 percent.
###
-6-
