-----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, V+hlpvuv64xErYRduF2ylXLumkyoviqi0aL2NcSsiub4vlY2gsQbBJCLe/SzH161 olJBcLZ+dpP/KhxwxRbpow== 0000950117-04-003869.txt : 20041110 0000950117-04-003869.hdr.sgml : 20041110 20041109172325 ACCESSION NUMBER: 0000950117-04-003869 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041109 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041109 DATE AS OF CHANGE: 20041109 FILER: COMPANY DATA: COMPANY CONFORMED NAME: INTERNATIONAL PAPER CO /NEW/ CENTRAL INDEX KEY: 0000051434 STANDARD INDUSTRIAL CLASSIFICATION: PAPER MILLS [2621] IRS NUMBER: 130872805 STATE OF INCORPORATION: NY FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-03157 FILM NUMBER: 041130719 BUSINESS ADDRESS: STREET 1: 400 ATLANTIC STREET CITY: STAMFORD STATE: CT ZIP: 06921 BUSINESS PHONE: 203-541-8000 MAIL ADDRESS: STREET 1: 400 ATLANTIC STREET CITY: STAMFORD STATE: CT ZIP: 06921 FORMER COMPANY: FORMER CONFORMED NAME: INTERNATIONAL PAPER & POWER CORP DATE OF NAME CHANGE: 19710527 8-K 1 a38723.txt INTERNATIONAL PAPER COMPANY 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 November 9, 2004 (Date of Report/Date of earliest event reported) INTERNATIONAL PAPER COMPANY (Exact name of registrant as specified in its charter) NEW YORK 1-3157 13-0872805 (State or other jurisdiction (Commission File Number) (IRS Employer of incorporation) Identification No.) 400 Atlantic Street Stamford, Connecticut 06921 (Address and zip code of principal executive offices) (203) 541-8000 (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 November 9, 2004, International Paper Company announced a definitive agreement to sell its Maine and New Hampshire forestlands, totaling approximately 1.1 million acres, to GMO Renewable Resources, LLC, a private forest investment management company, for approximately $250 million. The sale is expected to be completed by the first quarter of 2005. A copy of International Paper Company's press release is included as Exhibit 99.1 to this report. ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS (c) Exhibits Exhibit 99.1: Press Release of International Paper Company, dated November 9, 2004. 2 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. INTERNATIONAL PAPER COMPANY (Registrant) By: /s/ Andrea L. Dulberg ---------------------------- Name: Andrea L. Dulberg Title: Assistant Secretary Date: November 9, 2004 3 EXHIBIT INDEX Exhibit 99.1: Press Release of International Paper Company, dated November 9, 2004. 4 STATEMENT OF DIFFERENCES The registered trademark symbol shall be expressed as.......................'r' EX-99 2 ex99-1.txt EXHIBIT 99.1 - -------------------------------------------------------------------------------- [INTERNATIONAL PAPER LOGO] - -------------------------------------------------------------------------------- International Paper Plaza 400 Atlantic Street Stamford, CT 06921 News Release Media Contacts: Jennifer Boardman, International Paper, 203-541-8407 Rick Ouellette, International Paper, 207-621-4241 Investor Contacts: Darial Sneed, International Paper, 203-541-8541 Brian Turcotte, International Paper, 203-541-8632 International Paper to Sell 1.1 Million Acres of Forestland in Maine & New Hampshire to GMO Renewable Resources Agreement ensures long-term wood fiber supply, continued sustainable forest management and recreational opportunities STAMFORD, Conn. - November 9, 2004 -- International Paper (NYSE: IP) today announced a definitive agreement to sell its Maine and New Hampshire forestlands, totaling approximately 1.1 million acres, to GMO Renewable Resources, LLC, (GMORR) a private forest investment management company, for approximately $250 million. The sale is expected to be complete by the first quarter 2005. International Paper and GMORR have agreed to a long-term wood fiber supply agreement to continue the flow of fiber to IP's Maine paper mills in Jay and Bucksport. The companies have also agreed to a long-term management contract by which IP will provide forest management services, including third-party certification to the Sustainable Forestry Initiative'r' Standard. "Our decision to sell these forestlands is based on achieving a superior value for our forestlands while maintaining our ability to provide for the wood fiber needs of our two Maine mills," said George O'Brien, IP's senior vice president-Forest Products. Bob Saul, director-domestic investments for GMO Renewable Resources, said, "We are very pleased to have entered into this agreement with International Paper. These are some of the most productive, well-managed forestlands in the Northeast. In addition to growing trees for the paper, packaging and wood products markets, we look forward to optimizing the value of this high-quality wood resource and managing the lands as a sustainable working forest. We also hope to build upon our strong relationship with the conservation community to keep this valuable forest resource intact." "The GMORR agreement also assures that our two companies will work closely to provide continued recreational use and conservation of the land for all who enjoy the outdoors," added O'Brien. "We have agreed with GMORR to continue managing the land to meet or exceed all requirements of sustainable forestry to ensure the protection of wildlife and fish habitat, soils, and air and water quality." GMORR plans to continue the long standing practice of open access to these forestlands for hunting, fishing, snowmobiling and other traditional outdoor activities that have historically been provided by International Paper. The management of the land base will continue with the same or very similar rules and regulations on responsible public use that are in place today. GMORR also plans to continue the practice of cabin site leasing for the recreational lease holders on these lands and will evaluate the recreational programs on a regular basis. The forestlands being sold are located primarily in an east-west band across central Maine, with an additional 24,000 acres in northern New Hampshire. International Paper's Forest Resources business, which is part of the company's Forest Products group, is headquartered in Savannah, Ga. The business manages the company's forestlands and wood fiber supply. IP is the largest private landowner in the United States with more than 8 million acres of forestland and some 19 million acres worldwide. The company is also the world's largest hardwood and pine tree seedling grower, producing nearly 400 million new trees each year. To date, IP professional foresters have grown more than 8 billion trees and we will soon plant the company's 7 millionth acre of forestland. Led by the Forest Resources business, IP is the first paper and forest products company in North America to formalize an agreement with NatureServe, a non-profit conservation group, to identify, protect and manage "Forests with Exceptional Conservation Value." International Paper (www.internationalpaper.com) businesses include paper, packaging and forest products. As one of the largest private landowners in the world, IP professional foresters and wildlife biologists manage the woods with great care in compliance with the rigorous standards of the Sustainable Forestry Initiative'r' program. The SFI'r' program is an independent certification system that ensures the perpetual planting, growing and harvesting of trees while protecting biodiversity, wildlife, plants, soil, water and air quality. In the U.S. alone, IP protects more than 1.5 million acres of unique and environmentally important habitat on its forestlands through conservation easements and land sales to environmental groups. And, the company has a long-standing policy of using no wood from endangered forests. Headquartered in the United States, International Paper has operations in over 40 countries and sells its products in more than 120 nations. Statements contained herein that are not historical are forward-looking. These statements are subject to risks and uncertainties that could cause actual results to differ materially, including but not limited to the ability of International Paper and GMO Renewable Resources to meet closing conditions by the first quarter 2005, and uncertainty as to whether the sale of forestlands in Maine and New Hampshire to GMO Renewable Resources will be completed. We undertake no obligation to publicly update any forward-looking statements, whether as a result of new information, future events or otherwise. These and other factors that could cause or contribute to actual results differing materially from such forward looking statements are discussed in greater detail in the company's Securities and Exchange Commission filings. -----END PRIVACY-ENHANCED MESSAGE-----