UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): February 8, 2017
Packaging Corporation of America
(Exact name of registrant as specified in its charter)
| Delaware | 1-15399 | 36-4277050 | ||
| (State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
1955 West Field Court, Lake Forest, Illinois 60045
(Address of Principal Executive Offices, including Zip Code)
(847) 482-3000
(Registrant’s Telephone Number, Including Area Code)
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 7.01. | Regulation FD |
The information furnished in this Item 7.01, including the exhibit described below, shall not be deemed “filed” hereunder for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Exchange Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
On February 8, 2017, Packaging Corporation of America issued a press release regarding an explosion at its DeRidder, Louisiana paper mill that had occurred earlier in the day. The press release is furnished as Exhibit 99.1 to this report on Form 8-K and is incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits. |
(D) Exhibits
| 99.1 | Packaging Corporation of America – DeRidder, LA Mill Incident Press Release dated February 8, 2017. | |
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.
| PACKAGING CORPORATION OF AMERICA | ||||||
| (Registrant) | ||||||
| By: | /s/ KENT A. PFLEDERER | |||||
| Senior Vice President, General Counsel & Secretary | ||||||
Date: February 9, 2017
Exhibit 99.1
Packaging Corporation of America – DeRidder, LA Mill Incident
Lake Forest, IL, February 8, 2017 – Packaging Corporation of America (NYSE: PKG): At approximately 11:10 am CST, Wednesday, February 8th, there was an explosion at our DeRidder, LA paper mill. The incident involved annual repair work being performed on piping in the pulp mill area and resulted in three contractor fatalities. The cause of the incident is under investigation.
Our primary concern is for the safety and well-being of the people working on our site. The top priorities at this time are the notification of families of the deceased contractors and investigation of the incident with authorities.
At the time of the incident, the D1 machine was down for its annual outage and the D3 machine was running and continues to operate. The current assessment indicates that the annual outage work is expected to be delayed by up to one week and the mill will then resume full operation. Further information will be provided, as appropriate, when it becomes available.
CONTACT:
Barbara Sessions
Packaging Corporation of America
INVESTOR RELATIONS: (877) 454-2509
PCA’s Website: www.packagingcorp.com
Cautionary Note on Forward-Looking Statements
Some of the statements in this press release are forward-looking statements. These forward looking statements include statements about the potential effect of the explosion described in this release and our assessment regarding mill operations. Statements that contain words such as “will”, “should”, “anticipate”, “believe”, “expect”, “intend”, “estimate”, “hope” or similar expressions, are forward-looking statements. These forward-looking statements are based on the current expectations of PCA. Because forward-looking statements involve inherent risks and uncertainties, the plans, actions and actual results of PCA could differ materially. Among the factors that could cause plans, actions and results to differ materially from PCA’s current expectations include the following: difficulties in completing the annual outage or repairs at the mill; our investigation of the incident; regulatory actions or requirements; the impact of general economic conditions; containerboard and corrugated products general industry conditions, including competition, product demand and product pricing; fluctuations in wood fiber and recycled fiber costs; fluctuations in purchased energy costs, as well as those identified under Item 1A. Risk Factors in PCA’s Annual Report on Form 10-K for the year ended December 31, 2015 filed with the Securities and Exchange Commission and available at the SEC’s website at “www.sec.gov”.