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8-KThe WireRoutine

Reg FD Disclosure

Filed Sep 9, 2020 · 5y ago · Accession 0001193125-20-242267

Plain English

Material event — a significant development the company must disclose promptly.

Read the source below for the full document.

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): September 9, 2020       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.) 1 North Field Court , Lake Forest , Illinois 60045 (Address of Principal Executive Offices, including Zip Code) (847) 482-3000 (Registrants’ 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 registrants 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)) Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company   ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐ Securities registered pursuant to Section 12(b) of the Exchange Act:   Title of each class   Trading Symbol(s)   Name of each exchange on which registered Common Stock   PKG   New York Stock Exchange       Item 7.01. Regulation FD Disclosure The following information, 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 Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing. On August 27, 2020, Hurricane Laura made landfall on the Louisiana coast approximately 100 miles south of the Company’s DeRidder, Louisiana containerboard mill. The mill had completed an orderly shutdown of operations prior to the arrival of the storm. Although the town of DeRidder and the homes of several employees sustained significant damage, the property damage to the mill was not significant. However, the electrical utility supplying power necessary for full mill operations was out of service for approximately 11 days preventing the operation of the mill’s two paper machines and other ancillary equipment. Electrical power was restored by the utility on September 7, 2020 and the mill began start-up of full operations at that time. The Company was able to work through all customer-related issues successfully during this period. Mill production was down, including the time necessary for storm preparations, a total of approximately 12 days or 40,000 tons. The Company is currently assessing the impact this may have on the previously announced scheduled outage planned for the fourth quarter of this year. Some of the statements in this report are forward-looking statements. These forward-looking statements include statements about the potential effect on future production and scheduled outages. Statements that contain words such as “will”, “should”, “anticipate”, “believe”, “may”, “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: the impact of the COVID-19 pandemic on economic conditions affecting our packaging business and demand for our packaging products; general economic conditions; general industry conditions affecting our packaging business, including competition, product demand and product pricing; 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, 2019 as supplemented by Part II, Item 1A of PCA’s Quarterly Report on Form 10-Q for the quarter ended June 30, 2020, each as filed with the Securities and Exchange Commission and available at the SEC’s website at “www.sec.gov”. 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 Dated: September 9, 2020   By:   /s/ Kent A. Pflederer   Name:   Kent A. Pflederer   Title:   Senior Vice President, General Counsel and Secretary
Filing details
Ticker
PKG
CIK
75677
Form type
8-K
Filing date
Sep 9, 2020
Report date
Sep 9, 2020
Document
d934791d8k.htm
Size
150 KB