0000106535-14-000054.txt : 20140814 0000106535-14-000054.hdr.sgml : 20140814 20140813201541 ACCESSION NUMBER: 0000106535-14-000054 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20140813 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20140814 DATE AS OF CHANGE: 20140813 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WEYERHAEUSER CO CENTRAL INDEX KEY: 0000106535 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE INVESTMENT TRUSTS [6798] IRS NUMBER: 910470860 STATE OF INCORPORATION: WA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04825 FILM NUMBER: 141039086 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 a8-k2014dividendandsharere.htm FORM 8-K 8-K 2014 Dividend and Share Repurchase


 
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
August 13, 2014
(Date of earliest event report)
 
 

WEYERHAEUSER COMPANY
(Exact name of registrant as specified in charter)
 
 
 
 
 
 
 
Washington
 
1-4825
 
91-0470860
(State or other jurisdiction of
incorporation or organization)
 
(Commission
File Number)
 
(IRS Employer
Identification Number)
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 8.01
Other Events
 
Item 9.01
Financial Statements and Exhibits
 
SIGNATURES
 
 
Exhibit 99.1
 






Item 8.01. Other Events

On August 13, 2014, Weyerhaeuser Company (“Weyerhaeuser” or the “Company”) issued a press release announcing that the Board of Directors of the Company has authorized a $700 million share repurchase program. The Board also declared a dividend of $0.29 per share on the Company's common shares and a dividend of $0.7969 per share on the 6.375% Mandatory Convertible Preference Shares, Series A. The press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.
  
Item 9.01. Financial Statements and Exhibits.

(d) Exhibits
   
Exhibit No.    Description
99.1        Weyerhaeuser Company press release, dated August 13, 2014
 








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/ Devin W. Stockfish
 
Name:
 
Devin W. Stockfish
 
Title:
 
Senior Vice President and General Counsel

Date: August 13, 2014



EX-99.1 2 exhibit991pressrelease81314.htm EXHIBIT PRESS RELEASE Exhibit 99.1 Press Release 8.13.14



Exhibit 99.1


    
For more information contact:
Analysts: Beth Baum, 253-924-2058
Media: Anthony Chavez, 253-924-7148

Weyerhaeuser increases dividend by 32% and announces
$700 million share repurchase program
FEDERAL WAY, Wash. (Aug. 13, 2014) - Weyerhaeuser Company (NYSE:WY) today announced that its board of directors has declared a dividend on the company’s common shares of $0.29 per share, reflecting a 32 percent increase from the prior quarterly dividend of $0.22 per share. With this increase, the company has grown its dividend by 93 percent since 2011. The dividend is payable in cash on Sept. 12, 2014, to holders of record of such common shares at the close of business on Aug. 29, 2014. The company’s board of directors has also declared a dividend of $0.7969 per share on the company’s 6.375% Mandatory Convertible Preference Shares, Series A, which will be payable in cash on Oct. 1, 2014, to holders of record of such mandatory convertible preference shares at the close of business on Sept.15, 2014.
Additionally, the board has authorized a new share repurchase program of up to $700 million of the company’s common shares. This new program will replace the prior share repurchase program. Repurchases may be made through a variety of methods, including open market purchases, privately negotiated transactions, block trades, accelerated share repurchase transactions or pursuant to 10b5-1 trading plans.
“This significant increase to our quarterly dividend coupled with our share repurchase program reflects our confidence in the company’s ability to continue to improve operating and financial performance and is further evidence of Weyerhaeuser’s ongoing commitment to return cash to our shareholders,” said Doyle R. Simons, president and chief executive officer.
About Weyerhaeuser
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control nearly 7 million acres of timberlands, primarily in the U.S., and manage another 14 million acres under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards. We are also one of the largest manufacturers of wood and cellulose fibers products. Our company is a real estate investment trust. In 2013, our continuing operations generated $7.3 billion in sales and employed approximately 13,000 people who serve customers worldwide. We are listed on the Dow Jones World Sustainability Index. Our common stock trades on the New York Stock Exchange under the symbol WY. Learn more at www.weyerhaeuser.com.
Forward-Looking Statements
This news release contains statements concerning future actions, plans, strategies, expectations and intentions regarding dividends and share repurchases as well as future operating and financial performance that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on various assumptions and may not be accurate because of risks and uncertainties surrounding these assumptions. Numerous factors may cause actual future actions to differ significantly from these forward-looking statements. There is no guarantee that any of the actions or performance anticipated by these forward-looking statements will occur. The company will not update these forward-looking statements after the date of this news release.