Current Report Filing (8-k)
September 23 2016 - 9:01AM
Edgar (US Regulatory)
UNITED STATES
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
September 23, 2016
(Date of Report/Date of earliest event reported)
DOMTAR
CORPORATION
(Exact name of registrant as specified in its charter)
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DELAWARE
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001-33164
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20-5901152
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(State or other jurisdiction
of incorporation)
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(Commission
File Number)
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(IRS Employer
Identification No.)
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234 Kingsley Park Drive
Fort Mill, SC 29715
(Address and zip code of principal executive offices)
(803) 802-4500
(Registrants telephone number, including area code)
N/A
(Former name or
former address, if changed since last report)
Check the appropriate box below
if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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On September 23, 2016, Domtar Corporation announced a plan to optimize fluff pulp
manufacturing at its Plymouth mill. The streamlining measures will strengthen the mills position in the global fluff pulp markets.
The
restructuring, which is expected to be completed by mid-2017, includes the permanent closure of the small pulp dryer and idling of related assets, in addition to a workforce reduction of approximately 100 positions. The streamlining process will
also right-size the mill to an annualized production target of approximately 380,000 metric tons of fluff pulp. The Plymouth mill will continue to produce Lighthouse Fluff, the benchmark grade for high-quality fluff pulp.
The aggregate pre-tax earnings charge in connection with this plan is estimated to be between $5 million and $6 million mainly related to severance and
employee benefits and is expected to be recognized in the third quarter of 2016.
Restructuring costs are based on managements best estimates.
Although the Company does not anticipate significant changes, actual costs may differ from these estimates.
A copy of the news release is being furnished
as Exhibit 99.1 to this form 8-K.
ITEM 9.01
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Financial Statements and Exhibits
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Exhibits 99.1:
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News release of Domtar Corporation, dated September 23, 2016.
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2 / 3
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.
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DOMTAR CORPORATION
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(Registrant)
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By:
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/s/ Razvan L. Theodoru
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Name:
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Razvan L. Theodoru
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Title:
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Vice-President,
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Corporate Law and Secretary
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Date:
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September 23, 2016
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