SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (date of earliest event reported): December 15, 2011
WAUSAU PAPER CORP.
(Exact name of registrant as specified in its charter)
(State or other
100 PAPER PLACE
MOSINEE, WI 54455-9099
(Address of principal executive offices, including Zip Code)
Registrants 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
On December 19, 2011, Wausau Paper Corp. (the Company) filed a Current Report on Form 8-K (the Original Filing) to disclose information relating to a planned departure of one of its executive officers. The purpose of this amendment to the Original Filing is to correct a typographical error that was contained in the original filing with respect to the executive officers planned date of departure (the year 2011 was used rather than 2012). This amendment to the Original Filing will also include certain additional information relating to a compensatory arrangement with the Companys current President and Chief Executive Officer, which the Companys board of directors agreed to at its meeting held on December 15, 2011. Accordingly, the date of earliest event reported in the Original Filing should be corrected to reflect December 15, 2011, rather than December 19, 2011.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers.
On December 19, 2011, Scott P. Doescher, 52, Executive Vice PresidentFinance and Chief Financial Officer, notified Wausau Paper Corp. (the Company) that he plans to resign effective February 28, 2012, after more than 25 years of service to the Company. The Company intends to begin a search for Mr. Doeschers successor on or about January 1, 2012.
In addition, on December 15, 2011, the Companys Board of Directors approved an amendment to an outstanding grant of 100,000 option shares (the Option Grant) to Thomas J. Howatt, the Companys current President and Chief Executive Officer, who is retiring from that position on December 31, 2011. Under the terms of the Option Grant, Mr. Howatt received 100,000 option shares with an exercise price of $11.66, and included in the terms of the grant agreement was a minimum service requirement for vesting that would have required Mr. Howatt to be employed by the Company in a position of equal or greater responsibility as of January 4, 2012, a date that is after Mr. Howatts intended retirement date. In recognition of Mr. Howatts efforts toward providing for a smooth transition of Company leadership, the Companys Board of Directors agreed to accelerate the vesting date by four days, such that Mr. Howatt will be deemed fully vested in the Option Grant on December 31, 2011.
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: December 21, 2011
By: SCOTT P. DOESCHER
Scott P. Doescher
Executive Vice PresidentFinance