-----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, S50XsjFQOndmQTMCbM/BwOITONhyUccSUPqu7tbzG5CDiSGzkzvaCdBBVYyJJJyR WGBofptJaQpa2SqoCcNrSw== 0001013816-04-000248.txt : 20040326 0001013816-04-000248.hdr.sgml : 20040326 20040325183432 ACCESSION NUMBER: 0001013816-04-000248 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20040325 ITEM INFORMATION: ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20040326 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PLIANT CORP CENTRAL INDEX KEY: 0001049442 STANDARD INDUSTRIAL CLASSIFICATION: PLASTICS, FOIL & COATED PAPER BAGS [2673] IRS NUMBER: 870496065 STATE OF INCORPORATION: UT FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 333-40067 FILM NUMBER: 04690853 BUSINESS ADDRESS: STREET 1: 1475 WOODFIELD ROAD CITY: SCHAUMBURG STATE: IL ZIP: 60173 BUSINESS PHONE: 8479693300 MAIL ADDRESS: STREET 1: 1475 WOODFIELD ROAD CITY: SCHAUMBURG STATE: IL ZIP: 60173 FORMER COMPANY: FORMER CONFORMED NAME: HUNTSMAN PACKAGING CORP DATE OF NAME CHANGE: 19971110 8-K 1 form8k_32504.txt FORM 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 Date of Report (Date of earliest event reported): March 25, 2004 PLIANT CORPORATION ------------------ (Exact name of company as specified in its charter) UTAH 333-40067 87-0496065 - ---------------------------- ------------------------ ---------------------- (State or other jurisdiction (Commission file number) (IRS Employer of incorporation) Identification Number) 1475 Woodfield Road, Suite 700 Schaumburg, IL 60173 (Address of principal executive offices) (Zip Code) (847) 969-3300 COMPANY'S TELEPHONE NUMBER, INCLUDING AREA CODE: ------------------------------------------------ N.A. (Former name or former address if changed since last report) ITEM 9 AND 12. REGULATION FD DISCLOSURE AND RESULTS OF OPERATIONS AND FINANCIAL CONDITION We intend to file our Annual Report on Form 10-K for the year ended December 31, 2003 on March 26, 2004. As previously announced, we will hold a conference call to discuss our operating results for the year ended December 31, 2003 and to answer questions about the business. The call will take place at 2:00 p.m. Eastern Standard Time on Friday, March 26, 2004. Our press release containing information on how to access the conference call is filed herewith as Exhibit 99.1. In addition to the financial results to be reported in our Form 10-K, our management will discuss certain financial information relating to 2003, including certain quarterly EBITDA amounts. The information required by Regulation G under the Securities Exchange Act of 1934 with respect to these amounts is filed herewith as Exhibit 99.2. The information in this Current Report on Form 8-K, including the exhibit, shall not be deemed "filed" for the purposes of or otherwise subject to the liabilities under Section 18 of the Securities Exchange Act of 1934, and shall not be deemed to be incorporated by reference into the filings of the registrant under the Securities Act of 1933. SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PLIANT CORPORATION Date: March 25, 2004 By: /s/ Brian E. Johnson ---------------------------- Brian E. Johnson Executive Vice President and Chief Financial Officer INDEX TO EXHIBITS EXHIBITS 99.1 Press Release dated March 2, 2004. 99.2 Pliant Corporation Adjusted EBITDA Reconciliation. EX-99 3 form8k_32504ex991.txt EXH. 99.1 PRESS RELEASE RE CONF CALL EXHIBIT 99.1 March 2, 2004 FOR IMMEDIATE RELEASE PLIANT CORPORATION TO HOLD CONFERENCE CALL YEAR-END 2003 FINANCIAL RESULTS SCHAUMBURG, IL - Pliant Corporation announced today that Brian Johnson, Executive Vice President and Chief Financial Officer, will host a conference call to discuss the Company's year-end 2003 operating results and to answer questions about the business. The call will take place at 2:00 P.M. EASTERN STANDARD TIME on FRIDAY, MARCH 26, 2004 . Participants in the United States can access the conference call by calling 888-381-5770, using the access code PLIANT, or internationally by calling 773-756-4600 and using the same access code (Pliant). Participants are encouraged to dial-in at least ten minutes prior to the start of the teleconference. Following the call's completion, the replay will be available through 5:00 p.m. Eastern Daylight Savings Time on Friday, April 2, 2004. Telephone numbers to access the replay are as follows: United States 800-944-7326, International 402-220-3516. No access code required for the replay. Pliant Corporation is a leading producer of value-added film and flexible packaging products for personal care, medical, food, industrial and agricultural markets. Pliant operates 25 manufacturing and research and development facilities around the world and employs approximately 3,250 people. # # # CONTACTS: John C. McCurdy Brian E. Johnson Director of Corporate Communications EVP and Chief Financial Officer john.mccurdy@pliantcorp.com brian.johnson@pliantcorp.com Phone: 330.896.6732 Phone: 847.969.3319 Company Web Site: www.pliantcorp.com EX-99 4 form8k_32504ex992.txt EXH. 99.2 EBITDA RECONCILIATION EXHIBIT 99.2 PLIANT CORPORATION NORMALIZED PRO-FORMA EBITDA RECONCILIATION ($ THOUSANDS)
2003 Q4 2003 ------------------------------------- Net Loss $ $ (114,302) $ (67,957) Add backs: $ Taxes Provision $ 5,190 $ (1,350) Interest Expense $ 91,131 $ 25,674 Write-off of Prior year Bank Financing costs $ 5,293 Depreciation & Amortization $ 48,433 $ 12,029 ------------------ ----------------- GAAP EBITDA $ 35,745 $ (31,604) UNUSUAL ONE TIME CHARGES Impairment of Goodwill & Intangibles $ 26,425 $ 26,425 Impairment of Fixed Assets $ 4,844 $ 4,844 Restructuring Charges $ 13,801 $ 1,871 Legal Reserves $ 7,200 $ 7,200 Inventory Reserves $ 6,771 $ 4,171 Other $ 3,933 $ 1,132 ------------------ ----------------- NORMALIZED PRO-FORMA EBITDA $ 98,719 $ 14,039 ================== =================
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