WARREN S D CO /PA/
8-K, 1999-11-15
PAPER MILLS
Previous: FEIRSTEIN BARRY R, 13F-HR, 1999-11-15
Next: PMI GROUP INC, 10-Q, 1999-11-15



<PAGE>

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    FORM 8-K
                                 CURRENT REPORT

                    Pursuant to Sections 13 and 15(d) of the
                        Securities Exchange Act of 1934.

                                                  November 3, 1999
Date of Report (Date of earliest event reported):...............................

                               S.D. WARREN COMPANY
 ................................................................................
              (Exact name of registrant as specified in its charter

PENNSYLVANIA                NOT APPLICABLE             23-2366983
(State or other             (Commission                (IRS Employer
jurisdiction of             File Number)               Identification
incorporation)                                         No.)

        225 FRANKLIN STREET, BOSTON, MASSACHUSETTS, 02110, (617) 423-5400
 ................................................................................
   (Address, including zip code, and telephone number, including area code, of
                    registrant's principal executive offices)
<PAGE>

       ITEM 5.    OTHER EVENTS

                  On November 2, 1999, a paper machine equipment malfunction on
one paper machine caused a fire at the Muskegon, Michigan mill. The fire
resulted in the temporary closure to the mill, but within 24 hours normal
operating mill conditions were restored to all of the facility except the
affected paper machine. The Company is reviewing the extent of the damage to the
paper machine, and it is uncertain, at this time, when the paper machine will be
operational. Total losses are not expected to exceed the Company's insurance
coverage limits, which include both business interruption and property loss
coverage.

                  A copy of the related press release issued by the Company on
       November 3, 1999 is attached hereto as Exhibit 99.1 and is incorporated
       herein by reference.

       ITEM 7.    FINANCIAL STATEMENTS AND EXHIBITS

       (a)  Financial statements of businesses acquired:

       Not applicable

       (b) Pro forma financial information:

       Not applicable.

       (c) Exhibits

       EXHIBIT NO                      DESCRIPTION

       99.1                            Press Release dated November 3, 1999
<PAGE>

                  Pursuant to the requirements of the Securities Exchange Act of
       1934, the Registrant has caused this report to be signed on its behalf by
       the undersigned duly authorized person.

                                                     S.D. WARREN COMPANY

       DATE: November 15, 1999              BY: /s/  Trevor L. Larkan
             ------------------                 ------------------------------
                                                Trevor L. Larkan
                                                Vice President and
                                                Chief Financial Officer
<PAGE>

                                  EXHIBIT INDEX

EXHIBIT NO.                       DESCRIPTION

99.1                              Press Release dated November 3, 1999

<PAGE>

                                                                    EXHIBIT 99.1

[sappi logo]

PRESS RELEASE

Boston, MA,  3 November 1999

SAPPI MUSKEGON OPERATIONS SUBSTANTIALLY RESTORED FOLLOWING FIRE

On Tuesday, November 2 at approximately 2:00 AM, a papermaking equipment
malfunction caused a fire at the Sappi Muskegon mill involving one of two fine
paper machines located there. No injuries were sustained.

The fire was contained to one building that houses the affected machine, paper
machine #5. By late afternoon on Tuesday, full operations were restored in the
pulp mill, on paper machine #4, and in the calendaring, sheeting, finishing and
shipping areas.

Restoration efforts to get PM #5 up and running are on-going.

The company has announced a temporary moratorium on Sappi Muskegon products
until an allocation system is in place. Stock orders previously entered and due
to fill from the Company's distribution centers will ship as scheduled.

                                                                         ENDS

For further information:

Melanie Otero
Manager, Corporate Communications
Sappi Fine Paper North America
Tel +1 617 368 6318
Fax +1 305 891 1884
[email protected]


© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission