1 ================================================================================ 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: May 21, 1998 (May 7, 1998) -------------------------- Commission file number 1-11803 AMERICAN PAD & PAPER COMPANY (Exact name of registrant as specified in its charter) Delaware 04-3164298 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.) 17304 Preston Road, Suite 700, Dallas, TX 75252-5613 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (972) 733-6200 ================================================================================ 2 Item 5. Other Events. On May 7, 1998, American Pad & Paper Company (the "Company") issued a press release announcing first quarter 1998 results. The Company reported a net loss of $2.1 million, or $.08 per share on net sales of $161.6 million for the first quarter ended March 31, 1998. Comparatively, the Company reported a net income of $4.0 million or $.14 per share, on net sales of $149.9 million for the first quarter ended March 31, 1997. This press release is incorporated herein as Exhibit 99.2. Item 7. Exhibits. 99.2 Press release by the Company dated May 7, 1998. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrants have duly caused this report to be signed on their behalf by the undersigned hereunto duly authorized. American Pad & Paper Company /s/ William W. Solomon, Jr. May 21, 1998 - --------------------------------- -------------------------------- William W. Solomon, Jr. Date Chief Accounting Officer 3 INDEX TO EXHIBITS EXHIBIT NO. DESCRIPTION - ----------- ----------- 99.2 Press release by the Company dated May 7, 1998.