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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): April 19, 1994
SCOTT PAPER COMPANY
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(Exact name of registrant as specified in its charter)
Pennsylvania 1-2300 23-1065080
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(State or other (Commission (I.R.S. Employer
jurisdiction of File Number) Identification
incorporation) Number)
Scott Plaza
Philadelphia, Pennsylvania 19113
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (610) 522-5000
None
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(Former name or former address, if changed since last report)
Page 1 of 6 Pages
Exhibit Index on Page 4
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Item 5. Other Events
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See the news release attached hereto as Exhibit 99, the text of which is
incorporated herein by reference.
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Signatures
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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: /s/ Ellis A. Horwitz
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Ellis A. Horwitz
Vice President and
General Counsel
Date: April 19, 1994
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EXHIBIT INDEX
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Exhibit Page
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99 News Release dated April 19, 1994 5
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EXHIBIT 99
FOR RELEASE: IMMEDIATE
CONTACT: MICHAEL N. KILPATRIC -- 215/522-6232
SCOTT NAMES NEW CHAIRMAN AND CEO
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PHILADELPHIA, Pa., April 19, 1994 - The board of directors of Scott Paper
Company announced today that Albert J. Dunlap, age 56, has been elected the
Company's new chairman and chief executive officer replacing Philip E.
Lippincott who announced last November his plan to retire around April 1st.
Mr. Dunlap returned recently from a two-year stay in Australia, where he was
CEO and Managing Director of Consolidated Press Holdings (CPH), one of
Australia's largest corporations. CPH is involved in television, magazine
publishing, chemical and pastoral operations. Mr. Dunlap was credited with
turning in one of the best corporate performances in Australia.
Prior to joining CPH, Mr. Dunlap was chairman and CEO of Sir
James Goldsmith's global holdings, which included former investments in
Diamond International and Crown-Zellerbach. His achievements in the turnaround
of these assets was widely acclaimed. Mr. Dunlap's successful eight-year
relationship with Sir James is chronicled in the book Billionaire, by Ivan
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Fallon.
Prior to joining Sir James, Mr. Dunlap was chairman and CEO of
Lily-Tulip Company, which he is credited with rescuing from near-financial
collapse. Under his leadership of this KKR leveraged buyout, he took the
company public.
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SCOTT PAPER COMPANY, SCOTT PLAZA, PHILADELPHIA, PA 19113 215-522-5000
FAX 215-522-6470
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Mr. Dunlap started his career as a trainee with Kimberly-Clark
Corporation. In the years which followed, he accumulated 22 years of
technical, operating and leadership experience in the paper industry as a
whole, with extensive involvement in the tissue segment.
A graduate of the United States Military Academy at West Point, Mr.
Dunlap was a paratrooper and executive officer of a nuclear missile site.
Mr. Dunlap stated, "I am looking forward to leading Scott Paper Company
to a new level of prosperity. As part of my strong commitment to Scott's
future, I will be investing one million dollars of my own money in Scott
stock."
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