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 (Date of earliest event reported)
November 28, 2007

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

	Item 3.01.   Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
	Item 9.01.   Financial Statements and Exhibits.
SIGNATURES
EXHIBIT INDEX
Ex-99.1 Press Release dated December 4, 2007

Item 3.01.   Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

     On December 4, 2007, Wellman, Inc. (“Wellman” or the “Company”) announced that it received notification from the New York Stock Exchange (the “NYSE”) that, as a result of Wellman’s failure to satisfy the NYSE’s minimum share price continued listing standard and because the market capitalization of the Company’s common stock was below $25 million, the NYSE intends to suspend trading of Wellman’s common stock prior to the market opening on December 10, 2007 and take action to delist the common stock.

     On November 28, 2007, the Company received notification from the NYSE that the average closing price of its common stock has fallen below the NYSE’s continued listing standard relating to minimum share price. The standard requires that the average closing price of Wellman’s common stock for any consecutive 30-day trading period not be lower than $1.00.

     Wellman does not intend to appeal the NYSE’s decision and expects the Company’s common stock to be traded on the over-the-counter markets.

     On December 4, 2007, the Company issued a press release describing the notification received from the NYSE. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated herein by reference.

Item 9.01.   Financial Statements and Exhibits.

(a)	Not applicable.
(b)	Not applicable.
(c)	Exhibit
99.1	Press Release dated December 4, 2007

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.
December 4, 2007	/s/ Keith R. Phillips
	Keith R. Phillips
	Vice President and Chief Financial Officer

3

EXHIBIT INDEX

Exhibit
Number	Description
99.1	Press release dated December 4, 2007.

4

EX-99.1

Exhibit 99.1

Contact:   Michael Bermish

Investor Relations Officer

(803) 835-2238

FOR IMMEDIATE RELEASE

WELLMAN, INC. TO LEAVE NYSE

December 4, 2007, Fort Mill, SC — The New York Stock Exchange (“NYSE”) has determined that it will suspend trading of Wellman, Inc.’s (“Wellman” or the “Company”) common stock, ticker symbol WLM, prior to the market opening on December 10, 2007 and that it will commence procedures to delist Wellman’s common stock.

The decision was reached after the average closing price of Wellman’s common stock for a consecutive 30-day trading period was lower than $1.00, which is the NYSE’s minimum share price listing standard and because the market capitalization of the Company’s common stock was below $25 million. The Company’s share price closed at $.38 on December 3, 2007.

Wellman has decided not to appeal the decision and expects to be traded on the over-the-counter markets. The Company will remain a reporting company for SEC purposes and will continue to comply with all reporting requirements. This decision should not impact the financial status of the Company or affect the way it conducts its business.

Wellman, Inc. manufactures and markets high-quality polyester products, including PermaClearÒ brand PET (polyethylene terephthalate) packaging resins and FortrelÒ brand polyester fibers.

Forward-Looking Statements

Statements contained in this release that are not historical facts, are forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In addition, words such as “believes,” “expects,” “anticipates,” and similar expressions are intended to identify forward-looking statements. These statements are made as of the date hereof based upon current expectations, and we undertake no obligation to update this information. These forward-looking statements involve certain risks and uncertainties, including, but not limited to: reduced raw material margins; availability and cost of raw materials; reduced sales volumes; increase in costs; volumes of textile imports; prices and volumes of polyester staple fiber and PET resin imports; the actions of our competitors; the financial condition of our customers; availability of financing, changes in financial markets, interest rates, credit ratings, changes in tax risks; inability to execute our strategy; environmental risks and foreign currency exchange rates; natural disasters, regulatory changes; U.S., European, Asian and global economic conditions; work stoppages; levels of production capacity and

profitable operations of assets; prices of competing products; acts of terrorism; and maintaining the operations of our existing production facilities. Actual results may differ materially from those expressed herein. Results of operations in any past period should not be considered indicative of results to be expected in future periods. Fluctuations in operating results may result in fluctuations in the price of our common stock. For a more complete description of the prominent risks and uncertainties inherent in our business, see our Form 10-K for the year ended December 31, 2006.