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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): June 21, 2007
Commission file numbers: 333-82084-01
333-82084
PAPERWEIGHT DEVELOPMENT CORP. APPLETON PAPERS INC.
(Exact Name of Registrant as (Exact Name of Registrant as
Specified in Its Charter) Specified in Its Charter)
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Wisconsin Delaware
(State or Other Jurisdiction of (State or Other Jurisdiction of
Incorporation or Organization) Incorporation or Organization)
39-2014992 36-2556469
(I.R.S. Employer Identification No.) (I.R.S. Employer Identification No.)
825 East Wisconsin Avenue, P.O. Box 359,
Appleton,
Wisconsin 54912-0359
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (920) 734-9841
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 Securities 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))
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ITEM 5.02 DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS;
APPOINTMENT OF CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN
OFFICERS.
On June 21, 2007, Andrew F. Reardon and Terry M. Murphy were elected to the
Board of Directors of Paperweight Development Corp. On June 25, 2007, Andrew F.
Reardon and Terry M. Murphy were elected to the Board of Directors of Appleton
Papers Inc. A copy of the June 25, 2007 press release is attached hereto as
Exhibit 99.1.
Mr. Reardon, 61, is president and chief executive officer of TTX Company. TTX is
headquartered in Chicago and designs, owns, operates and maintains more than
200,000 railroad cars throughout North America. North America's leading
railroads, who are also the primary customers of TTX, own the TTX stock.
Mr. Murphy, 58, is executive vice president and chief financial officer of A.O.
Smith (NYSE:AOS). The company is one of the world's leading manufacturers and
marketers of residential and commercial water heating equipment, and one of
North America's largest manufacturers of electric motors. A.O. Smith is based in
Milwaukee.
Both Mr. Reardon and Mr. Murphy will be paid on a full retainer basis of $55,000
per year consistent with the standard compensation arrangements of the other
members of the Board of Directors of Paperweight Development Corp. and Appleton
Papers Inc. Mr. Reardon and Mr. Murphy have also been appointed as members of
Appleton Papers Inc.'s Compensation Committee which appointments will be
effective August 13, 2007.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS.
(d) Exhibits
Exhibit No. Description
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99.1 Press Release, dated June 25, 2007.
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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.
Date: June 25, 2007
Paperweight Development Corp.
By: /s/ Angela M. Tyczkowski
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Name: Angela M. Tyczkowski
Title: Vice President, Secretary
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.
Date: June 25, 2007
Appleton Papers Inc.
By: /s/ Angela M. Tyczkowski
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Name: Angela M. Tyczkowski
Title: Vice President, Secretary,
General Counsel and
Chief Compliance Officer
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
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99.1 Press Release, dated June 25, 2007.
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