-----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, KIL29+9eKY+4y67UHI5pnd+2Lz7ismPqelNGlCRwQHn219n6gKA8eL4/7MVzkgZw svuMcFr741xYu7ZdSBERGQ== 0001193125-05-105714.txt : 20050512 0001193125-05-105714.hdr.sgml : 20050512 20050512172808 ACCESSION NUMBER: 0001193125-05-105714 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20050506 ITEM INFORMATION: Other Events FILED AS OF DATE: 20050512 DATE AS OF CHANGE: 20050512 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: 05825520 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 d8k.htm FORM 8-K 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: May 12, 2005

Date of Earliest Event Reported: May 6, 2005

 

 

INTERNATIONAL PAPER COMPANY

(Exact name of registrant as specified in its charter)

 

 

NEW YORK   1-3157   13-0872805

(State or other jurisdiction

of incorporation)

   (Commission File Number)  

(IRS Employer

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 May 6, 2005, International Paper Company (the “Company”) received $35,857,205 from the collection of notes receivable (the “Notes”) accepted in connection with the sale of the Company’s Flexible Packaging business in 2001 (the “Sale”). The Notes had a maturity date in 2012, however they could be prepaid at anytime. The $25 million principal amount of the proceeds will be recorded in the 2005 second quarter as an adjustment of the loss on the Sale originally recorded in the third quarter 2001. The remaining $10,857,205 represents interest income that will also be recorded in the 2005 second quarter.

 

On May 10, 2005, the Board of Directors of the Company approved the International Paper Company Domestic Reinvestment Plan (the “Plan”), which had been approved by John V. Faraci, Chairman and Chief Executive Officer, on May 9, 2005 (the “Plan”), that is expected to result in repatriations of approximately $1 billion of cash from certain of the Company’s foreign subsidiaries under the American Jobs Creation Act of 2004 (the “Act”). Income tax expenses associated with the repatriations, currently estimated at approximately $150 million, will be recorded in the 2005 second quarter. The Company is in the process of considering whether it will repatriate any additional amounts under the provisions of the Act.

 

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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: May 12, 2005

 

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