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): May 2, 2007
MeadWestvaco Corporation
(Exact name of registrant as specified in its charter)
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| DELAWARE | | 001-31215 | | 31-1797999 |
(State or other jurisdiction of incorporation) | | (Commission File Number) | | (IRS Employer Identification No.) |
11013 West Broad Street, Glen Allen, Virginia 23060
(Address of principal executive offices)
(804) 327-5200
(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 8.01 Other Events
On May 2, 2007,MeadWestvaco Corporation announced in its quarterly earnings report plans to establish a new Land Management Group to manage higher-value opportunities for its United States landholdings. The new Land Management Group is expected to generate long-term value and sustainable cash flow from enhancement strategies from certain landholdings in the southeast United States, including converting land for uses such as conservation, recreation and development. This strategy is expected to provide the company with a significant stream of cash flows over the next 25-plus years. The company expects to generate pre-tax proceeds from this new business in the range of $300 million to $400 million over the next three years from small-track land sales and other projects.
SIGNATURE
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.
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| MEADWESTVACO CORPORATION |
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| By: | | /s/ John J. Carrara |
| | John J. Carrara |
| | Assistant Secretary |
Date: May 2, 2007
