UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q/A
Amendment No. 1
ý Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
o Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.
For Quarter Ended March 31, 2004
Commission File Number 1-3439
STONE CONTAINER CORPORATION
(Exact name of registrant as specified in its charter)
Delaware |
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(State or other jurisdiction of |
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150 North Michigan Avenue, Chicago, Illinois 60601 | ||
(Address of principal executive offices) (Zip Code) | ||
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(312) 346-6600 | ||
(Registrant’s telephone number, including area code) | ||
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Not Applicable | ||
(Former name, former address and former fiscal year, if | ||
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ý No o
Indicate by check mark if the registrant is an accelerated filer (as defined in Rule 12b-2 of the Act). Yes o No ý
APPLICABLE ONLY TO CORPORATE ISSUERS:
As of March 31, 2004, the registrant had outstanding 1,000 shares of common stock, $.01 par value per share, all of which are owned by Smurfit-Stone Container Corporation.
EXPLANATORY NOTE
This Form 10-Q/A constitutes Amendment No. 1 (Amendment No. 1) to our Quarterly Report on Form 10-Q for the quarter ended March 31, 2004, as filed by us on May 10, 2004 (the Original Report). We are filing this Amendment No. 1 solely to: (1) amend and restate Item 4 of Part I of our Original Report in its entirety as set forth in this Amendment No. 1; and (2) file as exhibits currently dated certifications required by Rules 13a-14(a) and 15d-14(a) by each of our principal executive officer and principal financial officer.
This Amendment No.1 does not include any restatement of our financial statements previously filed in the Original Report. Other than as set forth in this Amendment No.1, no information included in the Original Report has been amended by this Amendment No. 1. This Amendment No. 1 does not reflect events occurring after the filing of the Original Report, and does not modify or update the disclosures therein in any other way than as required to reflect this Amendment No. 1.
PART I
ITEM 4. CONTROLS AND PROCEDURES
Evaluation of Disclosure Controls and Procedures
Our management, with the participation of our principal executive officer and principal financial officer, evaluated the effectiveness of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) as of the end of the period covered by this report and have concluded that, as of such date, our disclosure controls and procedures were adequate and effective.
Changes in Internal Control
We will complete the implementation of a new company-wide financial system in September 2004. The new financial system is an integrated financial accounting and reporting system for all of Smurfit-Stone Container Corporation’s North American facilities. Its functional areas include general ledger, accounts receivable, accounts payable, fixed assets and financial reporting. The new system is being implemented in order to provide us with one common financial accounting and reporting system, thereby making the financial accounting and reporting process more efficient. We are also in the process of implementing a time management system designed to eliminate manual tracking and recording of labor expenses. As a result of these implementations, we have updated our internal controls to ensure a continuing effective control environment remains in place, including proper approval of transactions, segregation of duties and appropriate integration and reconciliation processes under the new financial and time management systems. There have not been any other changes in our internal controls over financial reporting during the most recent quarter that have materially affected, or are reasonably likely to materially affect, our internal controls over financial reporting.
PART II
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) List of documents filed as part of this amended report:
31.1 Certification Pursuant to Rules 13a-14 and 15d-14 under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2 Certification Pursuant to Rules 13a-14 and 15d-14 under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
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Signature
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Amendment 1 to the report to be signed on its behalf by the undersigned, thereunto duly authorized, on the date indicated.
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| STONE CONTAINER CORPORATION |
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| (Registrant) |
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Date: October 8, 2004 |
| /s/ Paul K. Kaufmann |
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| Paul K. Kaufmann |
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| Vice President and |
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| Corporate Controller |
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| (Principal Accounting Officer) |
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