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
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Date of Report (Date of Earliest Event Reported): |
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July 27, 2017 |
P. H. Glatfelter Company
(Exact name of registrant as specified in its charter)
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Pennsylvania |
001-03560 |
23-0628360 |
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(State or other jurisdiction |
(Commission |
(I.R.S. Employer |
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of incorporation) |
File Number) |
Identification No.) |
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96 S. George Street, Suite 520, York, Pennsylvania |
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17401 |
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(Address of principal executive offices) |
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(Zip Code) |
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Registrant’s telephone number, including area code: |
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717 225 4711 |
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Not Applicable
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:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Indicate by check mark whether the registrant is an emerging growth company in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
P. H. Glatfelter Company (the "Company") today issued a press release announcing it would be taking certain cost reduction measures in its Specialty Papers Business Unit. The changes include the shutdown of Paper Machine 24 (“PM24”) at the Company’s Chillicothe, OH, facility, removing approximately 80,000 tons of capacity and eliminating approximately 50 hourly positions. In addition, Specialty Papers is eliminating 70 salaried positions across the business unit. The actions and the financial impacts are more fully described in the press release which is filed herewith as Exhibit 99.1 and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
d) Exhibits
99.1 Press Release dated July 27, 2017, announcing cost reductions measures within the Specialty Papers Business Unit, filed herewith.
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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P. H. Glatfelter Company |
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July 27, 2017 |
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By: |
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/s/ John P. Jacunski |
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Name: John P. Jacunski |
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Title: Executive Vice President and Chief Financial Officer |