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): FEBRUARY 1, 2006
WAUSAU PAPER CORP.
(Exact name of registrant as specified in its charter)
WISCONSIN 1-13923 39-0690900
(State or other (Commission File (IRS Employer
jurisdiction of Number) Identification
incorporation) Number)
100 PAPER PLACE
MOSINEE, WI 54455-9099
(Address of principal executive offices, including Zip Code)
(715) 693-4470
(Registrant's telephone number, including area code)
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 23.425)
* 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))
INFORMATION TO BE INCLUDED IN THE REPORT
SECTION 2 - FINANCIAL INFORMATION
ITEM 2.02. RESULTS OF OPERATIONS AND FINANCIAL CONDITION
On February 1, 2006, the Company reported a net loss of $9.7 million, or
$.19 per diluted share, for the fourth quarter ended December 31, 2005, as
compared to a net earnings of $5.1 million, or $.10 per diluted share, for the
fourth quarter of 2004. Net sales for the fourth quarter increased to $268.4
million from $262.4 million in 2004.
The Company also reported a net loss of $19.5 million, or $.38 per share,
for the fiscal year ended December 31, 2005, as compared to net earnings of
$20.4 million, or $.39 per share, for the 2004 fiscal year. Net sales for 2005
were $1,097.1 million compared to $1,040.7 million in 2004.
A copy of the news release, which describes the effect on earnings of the
previously announced closure of the Brokaw, Wisconsin, sulfite pulp mill,
losses at the Brainerd, Minnesota, paper mill, and gains from sales of
timberlands, stock incentive credits, and tax benefits, is furnished as
Exhibit 99.1 to this report.*
SECTION 9 - FINANCIAL STATEMENTS AND EXHIBITS
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
Exhibit 99.1* News release dated February 1, 2006
* This exhibit is furnished pursuant to Item 2.02 and shall not be deemed to
have been filed or incorporated by reference into any other filing by the
Company under the Securities Act of 1933 or Securities Exchange Act of 1934
unless expressly so provided by specific reference in such filing.
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.
WAUSAU PAPER CORP.
Date: February 1, 2006 By: SCOTT P. DOESCHER
Scott P. Doescher
Senior Vice President-Finance
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EXHIBIT INDEX
TO
FORM 8-K
OF
WAUSAU PAPER CORP.
DATED FEBRUARY 1, 2006
Pursuant to Section 102(d) of Regulation S-T
(17 C.F.R. Section 232.102(d))
99.1 NEWS RELEASE DATED FEBRUARY 1, 2006
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