SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
October 18, 2005
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(Date of earliest event report)
WEYERHAEUSER COMPANY
(Exact name of registrant as specified in charter)
Washington 1-4825 91-0470860
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation or Number)
organization)
Federal Way, Washington 98063-9777
(Address of principal executive offices)
(zip code)
Registrant's telephone number, including area code:
(253) 924-2345
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 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))
TABLE OF CONTENTS
Item 2.05. Costs Associated with Exit or Disposal Activities
SIGNATURES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C., 20549
ITEM 2.05. COSTS ASSOCIATED WITH EXIT OR DISPOSAL ACTIVITIES
(a) On October 18, 2005, Weyerhaeuser Company approved the closure of
its plywood mill in Wright City, Oklahoma. The closure will be effective
October 24, 2005. The plywood operation in Wright City has been closed since
August 29, 2005 following a structural collapse of the building housing the
plywood presses. In the interim the mill began making veneer and landscape
timbers only. Approximately 100 plywood employees have been on layoff.
Following engineering studies, and as part of a strategic review of the
company's plywood business, the decision was made to utilize other existing
facilities in the system to replace Wright City's veneer and plywood production,
in lieu of making a capital investment in the Wright City plant.
(b) In the fourth quarter of 2005, the company will recognize a charge
to earnings in the amount of $21 million pre-tax relating to the impairment of
the assets in connection with the closure of the Wright City plywood mill, and a
charge of $3 million, pre-tax for termination benefits.
(c) In the fourth quarter of 2005, the company will recognize total
charges in the amount of $24 million pre-tax relating to the closure of the
Wright City plywood mill.
(d) The company expects to incur $3 million of cash expenditures
relating to termination benefits.
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.
WEYERHAEUSER COMPANY
By /s/ Steven J. Hillyard
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Its: Vice President and
Chief Accounting Officer
Date: October 18, 2005