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EX-99.1 - EX-99.1 - SMURFIT STONE CONTAINER CORPa09-34574_1ex99d1.htm

 

 

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

 

Date of Report (date of earliest event reported):  December 1, 2009

 

SMURFIT-STONE CONTAINER CORPORATION

(Exact name of registrant as specified in its charter)

 

Delaware

 

0-23876

 

43-1531401

(State or other jurisdiction of

 

(Commission

 

(I.R.S. Employer

incorporation or organization)

 

File Number)

 

Identification No.)

 

222 North LaSalle Street

Chicago, Illinois 60601

(Address of principal executive offices) (Zip Code)

 

(312) 346-6600

(Registrant’s telephone number, including area code)

 

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:

 

o            Written communications pursuant to Rule 425 under the Securities Act.

 

o            Soliciting material pursuant to Rule 14a-12 under the Exchange Act.

 

o            Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

 

o            Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.

 

 

 



 

Item 8.01.                                          Other Events.

 

On December 1, 2009, Smurfit-Stone Container Corporation (“the Company”) announced that the Company and each of its subsidiaries and affiliates currently acting  as debtors in possession under Chapter 11 of the United States Bankruptcy Code (the “Debtors”), including those Debtors that are Canadian subsidiaries and parties to the Companies’ Creditors Arrangement Act (Canada) proceeding, have filed a Joint Plan of Reorganization and Plan of Compromise and Arrangement (the “POR”) and Disclosure Statement with the United States Bankruptcy Court for the District of Delaware.  The POR contemplates that the Debtors would emerge from Chapter 11 protection in early Spring 2010.  A copy of the Company’s press release is attached hereto as Exhibit 99.1.

 

Item 9.01.              Financial Statements and Exhibits.

 

(d)           Exhibits.

 

Exhibit No.

 

Description

99.1

 

Press Release dated December 1, 2009.

 

Forward-looking statements

 

This Current Report on Form 8-K (including the exhibits) may contain forward-looking statements within the meaning of the federal securities laws, including statements regarding the intent, belief or current expectations of the Company and its management which are made with words such as “will,” “expect,” “believe,” and similar words. These forward-looking statements involve a number of risks, uncertainties and other factors, which may cause the actual results to be materially different from those expressed or implied in the forward-looking statements. Important factors that could cause the actual results of operations or financial condition of the Company to differ from expectations include: (i) the Company’s ability to continue as a going concern; (ii) the ability of the Company to operate pursuant to the terms of the Company’s debtor-in-possession credit agreement, as amended; (iii) the Company’s ability to obtain court approval with respect to motions in its Chapter 11 cases; (iv) the ability of the Company to  confirm and consummate the POR; (v) the ability of the Company to obtain and maintain normal terms with vendors and service providers; (vi) the Company’s ability to maintain contracts that are critical to its operations; (vii) the potential adverse impact of its Chapter 11 cases on the Company’s liquidity or results of operations; (viii) the ability of the Company to fund and execute its business plan; (ix) the ability of the Company to attract, motivate and/or retain key executives and employees; and (x) other risks and factors regarding the Company described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2008, as updated from time to time in the Company’s SEC filings, and in the Disclosure Statement. The Company does not intend to review, revise, or update any particular forward-looking statements in light of future events.

 

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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.

 

Dated:

December 1, 2009

 

 

 

 

 

 

 

 

 

SMURFIT-STONE CONTAINER CORPORATION

 

 

 

 

 

 

 

 

 

 

 

 

 

By:

/s/ Craig A. Hunt

 

 

 

Name:

Craig A. Hunt

 

 

 

Title:

Senior Vice President, Secretary and
General Counsel

 

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