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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, 1995
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 4 Pages
Exhibit Index on Page 3
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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.
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/ John P. Murtagh
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John P. Murtagh
Senior Vice President, General
Counsel and Secretary
Date: April 19, 1995
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EXHIBIT INDEX
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Exhibit Page
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99 News Release dated April 19, 1995 4
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EXHIBIT 99
SCOTT PAPER DIRECTORS APPROVE STOCK SPLIT
QUARTERLY DIVIDENDS ARE ALSO SET
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PHILADELPHIA, Pa., April 19, 1995 -- The directors of Scott Paper Company have
approved a two-for-one stock split to take effect on May 12, 1995 for
shareholders of record on April 28, 1995.
Scott Chairman and Chief Executive Officer Albert J. Dunlap said the move will
enable the Company, which is the world's largest manufacturer and marketer of
sanitary tissue products, to broaden its investor base and make its shares more
accessible to the average investor.
"This action underscores our faith in the future of Scott Paper Company, "Dunlap
said, We've put ourselves in fighting trim to meet global competition head-on
and win, while continuing to assign the highest priority to increasing
shareholder value. We believe the split will enable a wider range of investors
to participate in Scott's equity growth."
In other action yesterday, the directors declared a post-split quarterly
dividend of 10 cents per share on Scott's common shares, payable June 10, 1995
to shareholders of record on May 25, 1995. Because the dividend follows the
stock split, this dividend amount maintains the same level of payout to
shareholders in effect prior to the split.
The directors also declared the regular dividend of 85 cents per share on the
$3.40 cumulative senior preferred shares and $1 on the $4 cumulative senior
preferred shares, both payable August 1, 1995 to shareholders of record on July
18, 1995.
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