-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Q3z/OD4AcLM6/HpS9O2QeTd8s1KXT/WLnsbzZzsrmRhv6mb9SIydOR0BXJilSgaU P5XeC9kxl6NIsSq18nhNIA== 0001104659-08-074159.txt : 20081202 0001104659-08-074159.hdr.sgml : 20081202 20081202161023 ACCESSION NUMBER: 0001104659-08-074159 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20081201 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20081202 DATE AS OF CHANGE: 20081202 FILER: COMPANY DATA: COMPANY CONFORMED NAME: SCHWEITZER MAUDUIT INTERNATIONAL INC CENTRAL INDEX KEY: 0001000623 STANDARD INDUSTRIAL CLASSIFICATION: PAPER MILLS [2621] IRS NUMBER: 621612879 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13948 FILM NUMBER: 081225273 BUSINESS ADDRESS: STREET 1: 100 NORTH POINT CENTER EAST STREET 2: SUITE 600 CITY: ALPHARETTA STATE: GA ZIP: 30022-8246 BUSINESS PHONE: 8005140186 MAIL ADDRESS: STREET 1: 100 NORTH POINT CENTER EAST STREET 2: SUITE 600 CITY: ALPHARETTA STATE: GA ZIP: 30022-8246 8-K 1 a08-29575_18k.htm 8-K

 

 

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

 

December 1, 2008

Date of Report (Date of earliest event reported)

 


 

SCHWEITZER-MAUDUIT INTERNATIONAL, INC.

(Exact name of registrant as specified in its charter)

 

Delaware

 

1-13948

 

62-1612879

(State or other jurisdiction of

 

(Commission file number)

 

(I.R.S. Employer

incorporation or organization)

 

 

 

Identification No.)

 

 

 

 

 

100 North Point Center East, Suite 600

 

 

Alpharetta, Georgia

 

30022

(Address of principal executive offices)

 

(Zip code)

 

1-800-514-0186

(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.  (17 CFR 230.425)

o  Soliciting material pursuant to Rule 14a-12 under the Exchange Act. (17 CFR 240.14a-12)

o  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act. (17 CFR 240.14d-2(b))

o  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act.  (17 CFR 240.13c-4(c))

 

 

 



 

Item 5.02        Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

 

Appointment of Principal Officers

 

On December 1, 2008, Schweitzer-Mauduit International, Inc. (“the Company”) issued a press release announcing that effective January 1, 2008 Otto R. Herbst, President, the Americas, will become Chief Operating Officer reporting to Frédéric P. Villoutreix, Chairman of the Board and Chief Executive Officer elect. Mr. Herbst, age 49, has been President, the Americas since August 2006.  Mr. Herbst joined the Company in April 1999 as President, Brazilian Operations.  Mr. Herbst does not have an employment contract with the Company.  Mr. Herbst’s compensation consists of the same elements, and participates in the same compensation programs, as all other U.S. based Company executives as disclosed in the Company’s most recent proxy statement.  Executive compensation, including the compensation that Mr. Herbst will receive in his new position effective January 1, 2008, is reviewed and adjusted annually at year-end.

 

Replacing Mr. Herbst as President, the Americas, will be Wilfred A. Martinez.   Mr. Martinez, age 55, previously held a number of positions with Laticrete International, Inc., a world leader of tile and stone installation systems from 1996 to 2008 including: Corporate Executive Vice President and Strategy Officer; President, International Division; and Senior Vice President, Worldwide Operations.  From 1995 to 1996, he was General Manager, Monolithic Refractories, for Harbison-Walker Refractories, Inc., a leading global manufacturer of high temperature refractory products, and from 1979 to 1995 he served as Vice-President, International Operations, Vice-President, Technology and Director, Research and Development for Minteq International, Inc., a technology based multi-national sales and manufacturing refractory company. Mr. Martinez does not have an employment contract with the Company, and he is not a party to any related transactions.  Mr. Martinez’s compensation will consist of a base salary of  $290,000 per year plus an  annual incentive bonus opportunity of 40 percent of base salary at the target objective level, payable in cash,  and a long-term incentive bonus opportunity of  60 percent of base salary at the target objective level, which is payable in the Company’s restricted stock.  Mr. Martinez will receive relocation, health and welfare and other benefits on the same terms made available to all salaried employees.

 

The press release is attached hereto as Exhibit 99.1.

 

Item 9.01        Financial Statements and Exhibits.

 

(c)  Exhibits

 

99.1

 

Press Release, dated December 1, 2008, of Schweitzer-Mauduit International, Inc., Announcing Senior Management changes: Chief Operating Officer and President, the Americas.

 

2



 

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.

 

 

 

 

 

Schweitzer-Mauduit International, Inc.

 

 

 

 

 

 

 

 

 

 

 

By:

/s/ TORBEN WETCHE

 

 

 

 

Torben Wetche

 

 

 

 

Chief Financial Officer and Treasurer

Dated:  December 2, 2008

 

 

 

 

3



 

SCHWEITZER-MAUDUIT INTERNATIONAL, INC.

Current Report on Form 8-K

Dated December 2, 2008

 

INDEX TO EXHIBITS

 

Exhibit No.

 

Description

 

 

 

99.1

 

Press Release, dated December 1, 2008, of Schweitzer-Mauduit International, Inc., Announcing Senior Management changes: Chief Operating Officer and President, the Americas.

 

4


EX-99.1 2 a08-29575_1ex99d1.htm EX-99.1

Exhibit 99.1

 

 

PRESS RELEASE

 

 

 

Contact:

 

Bill Foust

 

Torben Wetche

 

 

 

 

 

 

 

 

 

 

 

770-569-4203

 

770-569-4277

 

SCHWEITZER-MAUDUIT INTERNATIONAL, INC. ANNOUNCES
SENIOR MANAGEMENT CHANGES:  CHIEF OPERATING OFFICER AND
PRESIDENT, THE AMERICAS

 

Alpharetta, GA, December 1, 2008.  Following the November 11th announcement of the retirement of Wayne H. Deitrich, Chairman of the Board and Chief Executive Officer on December 31, 2008 and  Frederic Villoutreix named his successor on January 1, 2009, Schweitzer-Mauduit International, Inc., (NYSE: SWM) today announced these additional senior management changes also effective January 1, 2009:

 

Otto R. Herbst, President, the Americas, will become Chief Operating Officer reporting to Frederic Villoutreix, Chairman of the Board and Chief Executive Officer.  Mr. Herbst, age 49, has been President, the Americas since August, 2006.  He joined SWM in April, 1999 as President, Brazilian Operations.

 

Replacing Mr. Herbst as President, the Americas, will be Mr. Wilfred A. Martinez.   Mr. Martinez, age 55, was previously with Laticrete International, Inc., a world leader of tile and stone installation systems, where he worked from 1996 to 2008.  He held key senior management positions including Senior Vice-President, Operations (worldwide), President, International Division and most recently Corporate Executive Vice-President and Chief Strategy Officer.  Prior to that (1995-1996), he was General Manager, Monolithic Refractories, for Harbison-Walker Refractories, Inc., a leading global manufacturer of high temperature refractory products and from 1979 to 1995 he worked for Minteq International, Inc., a technology based multi-national sales and manufacturing refractory company, in many key positions including Director, Research and Development, Vice-President, Technology and Vice-President, International Operations.

 

Mr. Martinez holds B.S., M.S. and PhD. degrees in Ceramic Engineering from Rutgers University.

 



 

Mr. Villoutreix, Chief Operating Officer, commented that, “Otto has led the growth and development of the Americas by combining the Brazilian and U.S. Business Units over the last two years and has earned his promotion to Chief Operating Officer.  Also, SWM is fortunate to be able to attract a General Manager of Will’s demonstrated background and experience.  Both will be working through an orderly transition over the next month.”

 

Schweitzer-Mauduit International, Inc. is a diversified producer of premium specialty papers and the world’s largest supplier of fine papers to the tobacco industry.  It also manufactures specialty papers for use in other applications.  Schweitzer-Mauduit and its subsidiaries conduct business in over 90 countries and employ 3,200 people worldwide with operations in the United States, France, Brazil, the Philippines, Indonesia, Canada and a joint venture in China.  For further information please visit the Company’s Web site at www.schweitzer-mauduit.com.

 

###

 


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