-----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, MK1t4mHF8gTN6IdgZSOvA+EgW5cWmY21l6lngEuuPh2c5uKBnGot0jv6kd8W8ssi q4i/HKApLwF8XJvGq4/NIw== 0000106535-05-000144.txt : 20051021 0000106535-05-000144.hdr.sgml : 20051021 20051021160106 ACCESSION NUMBER: 0000106535-05-000144 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20051017 ITEM INFORMATION: Material Impairments FILED AS OF DATE: 20051021 DATE AS OF CHANGE: 20051021 FILER: COMPANY DATA: COMPANY CONFORMED NAME: WEYERHAEUSER CO CENTRAL INDEX KEY: 0000106535 STANDARD INDUSTRIAL CLASSIFICATION: LUMBER & WOOD PRODUCTS (NO FURNITURE) [2400] IRS NUMBER: 910470860 STATE OF INCORPORATION: WA FISCAL YEAR END: 1228 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-04825 FILM NUMBER: 051149773 BUSINESS ADDRESS: STREET 1: 33663 WEYERHAEUSER WAY SOUTH CITY: FEDERAL WAY STATE: WA ZIP: 98003 BUSINESS PHONE: 2539242345 MAIL ADDRESS: STREET 1: 33663 WEYERHAEUSER WAY SOUTH CITY: FEDERAL WAY STATE: WA ZIP: 98003 8-K 1 f8koct17.txt OCTOBER 17, 2005 8-K 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 October 17, 2005 ---------------------------------- (Date of earliest event report) WEYERHAEUSER COMPANY (Exact name of registrant as specified in charter) Washington 1-4825 91-0470860 ---------- ------ ---------- (State or other (Commission (IRS Employer jurisdiction of File Number) Identification incorporation or Number) organization) Federal Way, Washington 98063-9777 (Address of principal executive offices) (zip code) Registrant's telephone number, including area code: (253) 924-2345 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)) TABLE OF CONTENTS Item 2.06. Material Impairments SECURITIES AND EXCHANGE COMMISSION WASHINGTON D.C., 20549 ITEM 2.06. Material Impairments (a) On October 4, 2005, Weyerhaeuser Company announced that as a result of poor market conditions, the Prince Albert pulp and paper mill in Saskatchewan would be closed indefinitely. The company stated that it intends to explore all options with respect to the future of the mill, including identification of potential purchasers. Prince Albert operations will commence a phased, indefinite closure starting Jan. 3, 2006. Paper operations will cease production on or about Jan. 2. The pulp mill will continue operating until spring to minimize risk of damage caused by cold winter weather. On October 17, 2005, the company determined that a charge for impairment of the assets of the Prince Albert pulp and paper mill is required. In addition, the company also determined that a charge for impairment of the assets of the Big River sawmill is required. The Big River sawmill sells chips and hog fuel to the Prince Albert pulp and paper mill and is not expected to have a market for such residuals if the Prince Albert facility were to close. (b) The company estimates the impairment charge required for the Prince Albert mill and the Big River sawmill to be in the range of approximately $375 million to $400 million pre-tax, including termination benefits. (c) The company also estimates that it will incur future cash expenditures of approximately $10 million to $15 million of the impairment charge, relating to payment of termination benefits. 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. WEYERHAEUSER COMPANY By /s/ Steven J. Hillyard --------------------------- Its: Vice President and Chief Accounting Officer Date: October 17, 2005 -----END PRIVACY-ENHANCED MESSAGE-----