8-K 1 form8k_50905.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): May 6, 2005 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 1.01. ENTRY INTO A MATERIAL DEFINITIVE AGREEMENT. On May 6, 2005, the Company issued a press release, the text of which is incorporated herein by reference, announcing consummation of its previously announced solicitation of consents to amend the indenture relating to its 11 1/8% Senior Secured Discount Notes due 2009. In conjunction with these consents, the Company has paid aggregate consideration of $4,844,360 to the consenting noteholders. This press release is filed as Exhibit 99.1 to this Report. ITEM 3.03. MATERIAL MODIFICATION TO RIGHTS OF SECURITY HOLDERS. On May 6, 2005, the Company issued a press release, the text of which is incorporated herein by reference, announcing consummation of its previously announced solicitation of consents to amend the indenture relating to its 11 1/8% Senior Secured Discount Notes due 2009. This press release is filed as Exhibit 99.1 to this Report. ITEM 9.01. FINANCIAL STATEMENT AND EXHIBITS (c) The following items are included as Exhibits to this report 99.1 Press Release dated May 6, 2005. 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: May 6, 2005 By: /s/ Harold C. Bevis ---------------------------------------------- Harold C. Bevis President, Chief Executive Officer, and Acting Chief Financial Officer