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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 11-K
ANNUAL REPORT PURSUANT TO SECTION 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934
For The Fiscal Year Ended December 31, 1993
Commission File Number 1-2300
A. Full title of the plan and address of the plan, if different from that of
the issuer named below:
SCOTT SALARIED INVESTMENT PLAN
B. Name of issuer of the securities held pursuant to the plan and the address
of its principal executive office:
SCOTT PAPER COMPANY
SCOTT PLAZA
PHILADELPHIA, PENNSYLVANIA 19113
1.
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SCOTT PAPER COMPANY
SCOTT SALARIED INVESTMENT PLAN
INDEX
Report of Independent Accountants........................................ 3
Plan Financial Statements and Schedules Prepared in Accordance with the
Financial Reporting Requirements of ERISA................................ 4-31
Signatures............................................................... 32
Exhibits................................................................. 33-34
2.
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REPORT OF INDEPENDENT ACCOUNTANTS
The Committee and Participants
Scott Salaried Investment Plan
In our opinion, the financial statements listed in the index appearing on Page 2
present fairly, in all material respects, the financial position of Scott
Salaried Investment Plan (the "Plan") at December 31, 1993 and 1992, and the
changes in its plan equity for the year ended December 31, 1993, in conformity
with generally accepted accounting principles. These financial statements are
the responsibility of the Plan Administrator; our responsibility is to express
an opinion on these financial statements based on our audits. We conducted our
audits of these statements in accordance with generally accepted auditing
standards which require that we plan and perform the audit to obtain
reasonable assurance about whether the financial statements are free of
material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements, assessing
the accounting principles used and significant estimates made by the Plan
Administrator, and evaluating the overall financial statement presentation. We
believe that our audits provide a reasonable basis for the opinion expressed
above.
Our audit was made for the purpose of forming an opinion on the basic financial
statements taken as a whole. The additional information included in Schedules I
and II is presented for purpose of additional analysis and is not a required
part of the basic financial statements but is additional information required by
ERISA. Such information has been subjected to the auditing procedures applied
in the audit of the basic financial statements and, in our opinion, is fairly
stated in all material respects in relation to the basic financial statements
taken as a whole.
PRICE WATERHOUSE
Philadelphia, Pennsylvania
June 29, 1994
3.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Committee has duly caused this annual report to be signed by the undersigned
thereunto duly authorized.
SCOTT SALARIED INVESTMENT PLAN
By /s/Roger L. Bobertz
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Roger L. Bobertz
Chairman, the Committee
DATE: June 29, 1994
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32.
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EXHIBITS:
Number Description Page
- ------ ----------- ----
23 Consent of Independent Accountants 34
33.
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Exhibit 23
Consent of Independent Accountants
We hereby consent to the incorporation by reference in the Prospectus
constituting part of the Registration Statement on Form S-8 (No. 33-38606) of
Scott Paper Company of our report dated June 29, 1994 appearing on Page 3 of
this Form 11-K.
PRICE WATERHOUSE
Philadelphia, Pennsylvania
June 29, 1994
34.