<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-K/A
AMENDMENT TO APPLICATION OR REPORT
FILED PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
Commission file number 0-24976
CROWN PACIFIC PARTNERS, L.P.
(Exact name of registrant as specified in its charter)
AMENDMENT NO. 1
121 S.W. Morrison Street, Suite 1500 Portland, Oregon 97204
(Address of principal executive office, Zip Code)
(503) 274-2300
(Registrant's telephone number including area code)
Delaware 93-1161833
(State or other jurisdiction of (I.R.S. Employer Identification No.)
incorporation or organization)
The undersigned Registrant hereby amends the following items of its Annual
Report for 1996 on Form 10-K as set forth in the pages attached hereto:
Item 11 Executive Compensation
Pursuant to the requirements of the Securities and Exchange Act of 1934 the
Registrant has duly caused this amendment to be signed on its behalf by the
undersigned, thereunto duly authorized.
CROWN PACIFIC PARTNERS, L.P.
By: Crown Pacific Management Limited Partnership
as Managing General Partner
By: /s/ Richard D. Snyder
------------------------
Richard D. Snyder
Vice President and Chief Financial
Officer
Date: March 31, 1997
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ITEM 11. EXECUTIVE COMPENSATION
The following table sets forth a summary of compensation for the year ended
December 31, 1996 for the President and Chief Executive Officer and the four
other most highly compensated executive officers of Crown Pacific Management
Limited Partnership, the Registrant's General Partner, for services rendered
in all capacities.
TABLE 1
<TABLE>
<CAPTION>
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LONG-TERM
OTHER ANNUAL SECURITIES
NAME AND SALARY BONUS COMPENSATION UNDERLYING
PRINCIPAL POSITION (1) YEAR ($) (2) ($) ($) (3) OPTIONS (#)
- ---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
Peter W. Stott 1996 $600,000 $120,000 $0 26,000
President & 1995 $600,000 $250,000 $0 188,335
Chief Executive Officer
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Roger L. Krage 1996 $250,000 $ 50,000 $0 15,000
Secretary and 1995 $250,000 $100,000 $0 188,335
General Counsel
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Richard D. Snyder 1996 $175,000 $ 45,000 $0 15,000
Vice President & Chief Financial 1995 $130,733 $ 6,000 $0 8,000
Officer
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G. Pat Hanna 1996 $167,885 $ 25,000 $0 15,000
Senior Vice President 1995 $125,000 $ 18,000 $0 8,000
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P. A. Leineweber 1996 $150,000 $ 20,000 $0 15,000
Vice President 1995 $126,000 $ 25,000 $0 8,000
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</TABLE>
(1) Principal position as of December 31, 1996.
(2) Registrant commenced operations on December 22, 1994; therefore, disclosure
for years prior to 1995 would not be meaningful.
(3) Other annual compensation for the named executive officers has not been
included as no amounts are greater than the lesser of $50,000 or 10% of the
total annual salary and bonus for such officer.
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The following table summarizes the options granted to the five most highly
compensated executive officers of the Managing General Partner for the year
ended December 31, 1996.
TABLE 2
<TABLE>
<CAPTION>
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POTENTIAL REALIZABLE VALUE AT
ASSUMED ANNUAL RATES OF UNIT
INDIVIDUAL GRANTS PRICE APPRECIATION FOR OPTION TERM (3)
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NUMBER OF % OF TOTAL
SECURITIES OPTIONS
UNDERLYING GRANTED TO EXERCISE
OPTIONS EMPLOYEES PRICE EXPIRATION 0% 5% 10%
NAME GRANTED (#) IN 1996 ($/UNIT) DATE ($) ($) ($)
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<S> <C> <C> <C> <C> <C> <C> <C>
Peter W. Stott 26,000(1) 16.7% $18.13 12/31/06 $0 $296,400 $751,140
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Roger L. Krage 15,000(1) 9.6% $18.13 12/31/06 $0 $171,000 $433,350
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Richard D. Snyder 15,000(1) 9.6% $18.13 12/31/06 $0 $171,000 $433,350
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G. Pat Hanna 15,000(1) 9.6% $18.13 12/31/06 $0 $171,000 $433,350
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P. A. Leineweber 15,000(1) 9.6% $18.13 12/31/06 $0 $171,000 $433,350
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</TABLE>
(1) Represents the issuance of annual options
COMPENSATION OF DIRECTORS
Outside Directors of the Board of Control of the Managing General Partner
receive annual retainers of $15,000 plus $1,000 for each Board of Control
meeting and committee meeting attended. Mr. Mumford receives $1,000 per
quarter for his services as the Chairman of the Audit Committee of the Board
of Control. Messrs. Jaunich, Stott, and Bondoux were not directly
compensated by the Managing General Partner or the Partnership for their
services as directors of the Managing General Partner.
COMPENSATION COMMITTEE INTERLOCKS AND INSIDER PARTICIPATION
None
