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 (Date of earliest event reported)
October 26, 2006

Wellman, Inc.

(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction
of incorporation) 1-10033
(Commission File Number) 04-1671740
(IRS Employer Identification
No.)

1041 521 Corporate Center Drive
Fort Mill, South Carolina
(Address of principal executive offices) 29715
(Zip Code)

Registrant’s telephone number, including area code: (803) 835-2000

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:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

TABLE OF CONTENTS

Ex-99.1 First Amend. to Amended and Restated Credit Agreement

SIGNATURES

Item 1.01 — Entry into a Material Definitive Agreement.

     On October 20, 2006, Wellman, Inc. and its lenders entered into the First Amendment to the Amended and Restated Credit Agreement.

     Among other things, the amended Credit Agreement:

i.	Facilitates raising mandatory convertible debt,
ii.	Provides more flexible terms relating to foreign subsidiaries, and requires repatriation of cash above a minimum threshold, on sale of foreign subsidiaries, and
iii.	Clarifies/corrects certain terms.

Item 9.01 —Financial Statements and Exhibits.

     99.1 First Amendment to Amended and Restated Credit Agreement

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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.

	Wellman, Inc.
October 26, 2006	/s/ Mark J. Ruday
	Mark J. Ruday
	Vice President, Chief Accounting Officer and Controller

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EXHIBIT INDEX

Exhibit
Number	Description
99.1	First amendment to amended and restated credit agreement.

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