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
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| Date of Report (Date of Earliest Event Reported): | | November 17, 2005 |
P. H. Glatfelter Company
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(Exact name of registrant as specified in its charter)
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| Pennsylvania | 001-03560 | 23-0628360 |
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(State or other jurisdiction | _____________
(Commission | ______________
(I.R.S. Employer |
| of incorporation) | File Number) | Identification No.) |
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| 96 S. George Street, Suite 400, York, Pennsylvania | | 17401 |
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(Address of principal executive offices) | | ___________
(Zip Code) |
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| Registrant’s telephone number, including area code: | | 717 225 4711 |
Not Applicable
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Former name or former address, if changed since last report
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.
P. H. Glatfelter (the "Company") today reported that on November 17, 2005, it entered into a Confidential Settlement Agreement and Release with an insurance carrier relating to the Company's claims for insurance coverage of various environmental matters associated with the lower Fox River and Bay of Green Bay in Wisconsin (the "Fox River Site"). Under terms of the settlement agreement, the insurance carrier agreed to pay the Company $17.8 million in cash. As more particularly stated in the settlement agreement itself, the Company agreed to release and forever discharge the insurance carrier from any and all claims made by the Company against the carrier arising out of or related to the Fox River Site.
The Company expects to receive the settlement amount within ten days of the agreement and, accordingly, expects to record a pre-tax gain of $17.8 million in its results of operations for the three months ending December 31, 2005.
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.
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| | | P. H. Glatfelter Company |
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| November 21, 2005 | | By: | | John P. Jacunski
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| | | | | Name: John P. Jacunski |
| | | | | Title: Vice President and Corporate Controller |
