-----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, AUJvJvXNxe4GW1TWu7DL1IMVwffWYMCF5oAVUZuEk3XFE6LGraCWxvTjwiP+BrVG qdFe9LDmvB0NUIDnmXP8Kw== 0000106535-05-000152.txt : 20051024 0000106535-05-000152.hdr.sgml : 20051024 20051024142750 ACCESSION NUMBER: 0000106535-05-000152 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20051020 ITEM INFORMATION: Cost Associated with Exit or Disposal Activities FILED AS OF DATE: 20051024 DATE AS OF CHANGE: 20051024 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WEYERHAEUSER CO CENTRAL INDEX KEY: 0000106535 STANDARD INDUSTRIAL CLASSIFICATION: LUMBER & WOOD PRODUCTS (NO FURNITURE) [2400] IRS NUMBER: 910470860 STATE OF INCORPORATION: WA FISCAL YEAR END: 1228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04825 FILM NUMBER: 051151723 BUSINESS ADDRESS: STREET 1: 33663 WEYERHAEUSER WAY SOUTH CITY: FEDERAL WAY STATE: WA ZIP: 98003 BUSINESS PHONE: 2539242345 MAIL ADDRESS: STREET 1: 33663 WEYERHAEUSER WAY SOUTH CITY: FEDERAL WAY STATE: WA ZIP: 98003 8-K 1 f8koct20-2.txt OCTOBER 20, 2005 8-K 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 October 20, 2005 ---------------------------------- (Date of earliest event report) WEYERHAEUSER COMPANY (Exact name of registrant as specified in charter) Washington 1-4825 91-0470860 ---------- ------ ---------- (State or other (Commission (IRS Employer jurisdiction of File Number) Identification incorporation or Number) organization) Federal Way, Washington 98063-9777 (Address of principal executive offices) (zip code) Registrant's telephone number, including area code: (253) 924-2345 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)) TABLE OF CONTENTS Item 2.05. Costs Associated with Exit or Disposal Activities SIGNATURES SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C., 20549 ITEM 2.05. COSTS ASSOCIATED WITH EXIT OR DISPOSAL ACTIVITIES (a) On October 20, 2005, the Weyerhaeuser Company Board of Directors approved the closure of a specialty pulp mill in Cosmopolis, Washington. The 140,000 tons-per-year, 50-year-old Cosmopolis mill makes specialty pulp for plastics, photographic papers and cigarette filters, employing approximately 245 hourly and salaried people. As the company's only specialty pulp operation, it is not competitive with other companies in this market and is not a strategic fit for the company. The capital needs of the mill combined with increasing operating costs -- particularly for energy and chemicals - erode the mill's competitive position. The date operations will cease will be determined in 2006, based on customer contracts. (b) In the third quarter of 2005, the company recognized a charge to earnings in the amount of $15 million pre-tax relating to the impairment of the assets in connection with the closure of the Cosmopolis pulp facility, and a charge of $13 million, pre-tax for termination benefits. (c) In the third quarter of 2005, the company recognized total charges in the amount of $28 million pre-tax relating to the closure of the Cosmopolis pulp facility. (d) The company expects to incur $13 million of cash expenditures relating to termination benefits. 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. WEYERHAEUSER COMPANY By /s/ Steven J. Hillyard --------------------------- Its: Vice President and Chief Accounting Officer Date: October 20, 2005 -----END PRIVACY-ENHANCED MESSAGE-----