United States of America
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: August 22, 2007
Commission File Number 1-7107
LOUISIANA-PACIFIC
CORPORATION
(Exact name of registrant as specified in its charter)
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DELAWARE |
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1-7107 |
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93-0609074 |
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(State or other
jurisdiction of |
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Commission File Number |
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(IRS Employer Identification No.) |
414 Union Street, Suite 2000, Nashville, TN 37219
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (615) 986-5600
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 (see General Instruction A.2. below):
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
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Item 8.01 |
Other Events |
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On August 22, 2007, Louisiana - Pacific Corporation issued a press release announcing it will shut down operations at its oriented strand board (OSB) mill in Silsbee, Texas, for an indefinite period of time. This press release is filed herein, as part of this Item 8.01, as Exhibit 99.1. |
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Item 9.01 |
Financial Statements and Exhibits |
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(d) |
Exhibits. The following exhibit is being furnished as part of this report |
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99.1 |
Press release issued by Louisiana - Pacific Corporation on August 22, 2007 |
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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LOUISIANA-PACIFIC CORPORATION |
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By: |
/s/ CURTIS M. STEVENS |
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Curtis M. Stevens |
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Executive Vice President and Chief |
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Financial Officer |
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(Principal Financial Officer) |
Date: August 23, 2007
Exhibit 99.1
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NEWS RELEASE |
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414 Union Street |
Contact: |
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Nashville, TN 37219 |
Mary Cohn (Media Relations) |
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615.986.5600 |
615.986.5886 |
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Fax: 615.986.5666 |
Becky Barckley/Mike Kinney (Investor Relations) |
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615.986.5600 |
FOR IMMEDIATE RELEASE , WEDNESDAY, AUG. 22, 2007
LP Announces Indefinite Shutdown at Silsbee, Texas, OSB mill and Curtailment of OSB Production at Hayward, Wis., Site
Down days are in addition to previous announcements
Nashville, TN. (August 22, 2007) — Louisiana-Pacific Corporation (LP) (NYSE:LPX) today announced that it will shut down operations at its oriented strand board (OSB) mill in Silsbee, Texas, for an indefinite period of time effective Aug. 22. The mill has an annual production capacity of 350 million square feet and employs 147 people.
“The curtailment of our Silsbee operations is a difficult but necessary economic decision,” said LP’s Executive Vice President of OSB, Jeff Wagner. “Despite the hard work and continuous efforts of our employees, the cost of production at Silsbee remains too high to be competitive during this extended downturn in new residential construction.”
In addition, LP announced that it will also curtail OSB production until Oct. 31 at its Hayward, Wis., facility due to current poor market conditions. LP SmartSide® composite wood siding production will continue at Hayward as scheduled.
“We regret the hardship these curtailments cause employees, vendors and our communities. Unfortunately, current conditions require these types of actions,” Wagner stated.
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The Silsbee and Hayward OSB curtailments are in addition to the 160-170 planned third-quarter down days LP had previously announced on its public earnings call last month.
“Most of the down days we announced on the second quarter earnings call were due to continued curtailment of operations at our St-Michel-des-Saints mill in Quebec, and major capital projects at two of our other facilities,” Wagner said.
LP is a premier supplier of building materials, delivering innovative, high-quality commodity and specialty products to its retail, wholesale, homebuilding and industrial customers. Visit LP’s web site at www.lpcorp.com for additional information on the company.
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FORWARD LOOKING STATEMENTS
This news release contains statements concerning Louisiana-Pacific Corporation’s (LP) future results and performance that are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The matters addressed in these statements are subject to a number of risks, uncertainties and assumptions that may cause actual results to differ materially from those projected, including, but not limited to, the effect of general economic conditions, including the level of interest rates and housing starts, market demand for the company’s products, and prices for structural products; the effect of forestry, land use, environmental and other governmental regulations; the ability to obtain regulatory approvals; and the risk of losses from fires, floods and other natural disasters. These and other factors that could cause or contribute to actual results differing materially from those contemplated by such forward-looking statements are discussed in greater detail in the company’s Securities and Exchange Commission filings.
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