0001193125-16-542312.txt : 20160415 0001193125-16-542312.hdr.sgml : 20160415 20160415071300 ACCESSION NUMBER: 0001193125-16-542312 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 3 CONFORMED PERIOD OF REPORT: 20160415 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20160415 DATE AS OF CHANGE: 20160415 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Domtar CORP CENTRAL INDEX KEY: 0001381531 STANDARD INDUSTRIAL CLASSIFICATION: PAPER MILLS [2621] IRS NUMBER: 205901152 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-33164 FILM NUMBER: 161573142 BUSINESS ADDRESS: STREET 1: 234 KINGSLEY PARK DRIVE CITY: FORT MILL STATE: SC ZIP: 29715 BUSINESS PHONE: (803) 802-7500 MAIL ADDRESS: STREET 1: 234 KINGSLEY PARK DRIVE CITY: FORT MILL STATE: SC ZIP: 29715 8-K 1 d181153d8k.htm 8-K 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

April 15, 2016

(Date of Report/Date of earliest event reported)

 

 

DOMTAR CORPORATION

(Exact name of registrant as specified in its charter)

 

 

 

DELAWARE   001-33164   20-5901152

(State or other jurisdiction

of incorporation)

 

(Commission

File Number)

 

(IRS Employer

Identification No.)

234 Kingsley Park Drive

Fort Mill, SC 29715

(Address and zip code of principal executive offices)

(803) 802-4500

(Registrant’s telephone number, including area code)

N/A

(Former name or former address, if changed since last report)

 

 

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))

 

 

 


ITEM 8.01 Other Events

On April 15, 2016, Domtar Corporation, (the “Company”) issued a news release providing a business update. A copy of the Company’s news release is attached hereto as Exhibit 99.1.

 

ITEM 9.01 Financial Statements and Exhibits

 

(d) Exhibits

 

Exhibits 99.1:    News release dated April 15, 2016.


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.

 

DOMTAR CORPORATION
(Registrant)
By:   /s/ Razvan L. Theodoru
  Name:   Razvan L. Theodoru
  Title:   Vice-President,
    Corporate Law and Secretary
  Date:   April 15, 2016
EX-99.1 2 d181153dex991.htm EX-99.1 EX-99.1

EXHIBIT 99.1

 

LOGO

 

234 Kingsley Park Drive

Fort Mill, South Carolina 29715

News Release

 

     

TICKER SYMBOL

   INVESTOR RELATIONS    MEDIA RELATIONS

(NYSE: UFS) (TSX: UFS)

  

Nicholas Estrela

Director

Investor Relations

Tel.: 514-848-5555 x 85979

  

David Struhs

Vice-President

Corporate Services and Sustainability

Tel.: 803-802-8031

DOMTAR PROVIDES BUSINESS UPDATE

(All financial information is in U.S. dollars, unless otherwise noted.)

Fort Mill, April 15, 2016 – Domtar Corporation (NYSE: UFS) (TSX: UFS) today provided an update on its financial performance for the first quarter of 2016. Domtar’s management expects sales to be $1,287 million and estimates the operating profit to be between $16 and $19 million. EBITDA before items1 will be between $128 and $131 million.

Estimated operating profit in the first quarter of 2016 includes an impairment of property, plant and equipment of $21 million, closure and restructuring costs of $2 million and depreciation and amortization of $89 million. Adjusting estimated operating profit for these three amounts yields EBITDA before items1.

We had extensive planned maintenance outages across our mill network in the first quarter. Within the shutdowns, we came across a number of unexpected issues that resulted in longer than anticipated outages, leading to higher planned maintenance and related costs,” said John D. Williams, President and Chief Executive Officer. “Nonetheless, the issues were mostly related to specific incidents and they are now behind us.”

Domtar Corporation (NYSE: UFS) (TSX: UFS) will release its first quarter 2016 financial results before markets open on Thursday, April 28, 2016. A conference call will be held to discuss the results at 10:00 a.m. (ET). Financial analysts are invited to participate in the call by dialing 1-800-499-4035 (North America) or 1-416-204-9269 (International). Media and other interested individuals are invited to listen to the live webcast at www.domtar.com.

 

 

1  Non-GAAP financial measure. EBITDA before items is presented as a complement to enhance the understanding of operating results but not in substitution for GAAP results.

 

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About Domtar

Domtar is a leading provider of a wide variety of fiber-based products including communication, specialty and packaging papers, market pulp and absorbent hygiene products. With approximately 9,850 employees serving more than 50 countries around the world, Domtar is driven by a commitment to turn sustainable wood fiber into useful products that people rely on every day. Domtar’s annual sales are approximately $5.3 billion and its common stock is traded on the New York and Toronto Stock Exchanges. Domtar’s principal executive office is in Fort Mill, South Carolina. To learn more, visit www.domtar.com.

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