CROWN PAPER CO
8-K, 1999-06-25
PAPER MILLS
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<PAGE>

                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549


                                   FORM 8-K

                                CURRENT REPORT


    Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

       Date of Report (Date of earliest event reported)    June 18, 1999
                                                           -------------

                                CROWN PAPER CO.
                                ---------------
            (Exact name of registrant as specified in its charter)


         Virginia                      33-93494                 54-1752385
- --------------------------------------------------------------------------------
(State or other jurisdiction          (Commission               (IRS Employer
     of incorporation)                File Number)           Identification No.)


       300 Lakeside Drive, Oakland CA                             94612-3592
- --------------------------------------------------------------------------------
   (Address of principal executive offices)                       (Zip Code)


     Registrant's telephone number, including area code    (510) 874-3400
                                                           --------------

                                Not Applicable
- --------------------------------------------------------------------------------
         (Former name or former address, if changed since last report)
<PAGE>

                                   SIGNATURES

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.


                                                              CROWN VANTAGE INC.


June 25, 1999                    /s/ Michael J. Hunter
                                 ----------------------------------------------
                                                Michael J. Hunter
                                 Senior Vice President, Chief Accounting Officer
<PAGE>

Item 5. Other Events.

        See exhibit 99.1 for copy of news release.

Item 7. Financial Statements and Exhibits.

        (c) Exhibits

        Exhibit No.                                 Description
- ----------------------------     -----------------------------------------------

            99.1                  Crown Vantage common stock was delisted from
                                  Nasdaq National Market but will trade on NASD
                                  Over-The-Counter Bulletin Board.

<PAGE>

                                                                    EXHIBIT 99.1
                     Crown Vantage Stock To Begin Trading
                         On OTC Bulletin Board June 21

     OAKLAND, Calif., June 18, 1999 - Crown Vantage Inc. said today that its
 common stock will be available for immediate quotation on the NASD Over-The-
 Counter Bulletin Board (OTCBB) on Monday, June 21.

     The announcement follows notification after the close of the market today
 by the Nasdaq National Market that the company's securities, traded as CVAN,
 were delisted with the close of business today. As announced previously, Crown
 Vantage stock needed to reach a minimum bid price of $5 by June 18, 1999 to
 remain eligible for trading on the National Market.

     Those interested in Crown Vantage stock should contact their brokers. The
 OTCBB currently provides access to more than 6,500 securities.

     Crown Vantage makes and markets specialized papers for printing,
 publishing, packaging and converting at its 10 pulp and paper mills in the
 United States and Scotland.  It had sales in 1998 of $851 million. More
 information is available on the Internet at www.crownvantage.com.

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