UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
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(Mark One) |
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ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
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For the fiscal year ended December 31, 2006 |
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OR |
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TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
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For the transition period from to |
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Commission file number 1-9753
A. Full title of the plan and the address of the plan, if different from that of the issuer named below:
Georgia
Gulf Corporation Savings and Capital Growth Plan
(referred to herein as the “Plan”)
B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office:
Georgia
Gulf Corporation
Suite 460
115 Perimeter Center Place
Atlanta, Georgia 30346
(770) 395-4500
Georgia Gulf Corporation Savings and Capital Growth Plan
Financial Statements as of December 31, 2006 and 2005 and for the Year Ended December 31, 2006, Supplemental Schedule as of December 31, 2006, and Report of Independent Registered Public Accounting Firm
GEORGIA
GULF CORPORATION
SAVINGS AND CAPITAL GROWTH PLAN
TABLE OF CONTENTS
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FINANCIAL STATEMENTS AS OF DECEMBER 31, 2006 AND 2005 AND FOR THE YEAR ENDED DECEMBER 31, 2006: |
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Form 5500, Schedule H, Part IV, Line 4i—Schedule of Assets (Held at End of Year) |
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NOTE: All other supplemental schedules required by section 2520.103-10 of the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 have been omitted because they are not applicable. |
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Exhibit: |
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23—Consent of Independent Registered Public Accounting Firm |
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REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
Plan Administrator
and Participants
Georgia Gulf Corporation
Savings and Capital Growth Plan:
We have audited the accompanying statements of net assets available for benefits of Georgia Gulf Corporation Savings and Capital Growth Plan (the “Plan”) as of December 31, 2006 and 2005, and the related statement of changes in net assets available for benefits for the year ended December 31, 2006. These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on these financial statements based on our audits.
We conducted our audits in accordance with the standards of the Public Company Accounting Oversight Board (United States). Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. Our audits included consideration of internal control over financial reporting as a basis for designing audit procedures that are appropriate under the circumstances, but not for the purposes of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion. An audit also includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, as well as evaluating the overall financial statement presentation. We believe that our audits provide a reasonable basis for our opinion.
In our opinion, such financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2006 and 2005, and the changes in net assets available for benefits for the year ended December 31, 2006 in conformity with accounting principles generally accepted in the United States of America.
Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole. The supplemental schedule of assets (held at end of year) as of December 31, 2006 is presented for the purpose of additional analysis and is not a required part of the basic financial statements, but is supplementary information required by the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. The schedule is the responsibility of the Plan’s management. Such schedule has been subjected to the auditing procedures applied in our audit of the basic 2006 financial statements and, in our opinion, is fairly stated in all material respects when considered in relation to the basic financial statements taken as a whole.
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/s/ Deloitte & Touche LLP |
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Atlanta, GA |
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June 28, 2007 |
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GEORGIA
GULF CORPORATION
SAVINGS AND CAPITAL GROWTH PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
DECEMBER 31, 2006 AND 2005
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2006 |
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2005 |
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ASSETS |
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Cash |
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$ |
— |
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$ |
15,495 |
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Company Contribution Receivable |
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59,593 |
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62,234 |
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Participant Contributions Receivable |
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158,442 |
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162,790 |
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Investments—At fair value: |
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Participant-Directed |
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207,408,406 |
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204,251,171 |
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Non-Participant-Directed |
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20,770,814 |
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21,906,799 |
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Total Investments |
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228,179,220 |
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226,157,970 |
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Total Assets |
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228,397,255 |
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226,398,489 |
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LIABILITIES |
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Excess Contributions Payable |
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(26,333 |
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(47,078 |
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Net Assets Available For Benefits At Fair Value |
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$ |
228,370,922 |
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$ |
226,351,411 |
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Adjustment from Fair Value to Contract Value for Fully Benefit-Responsive Investment Contracts (note 2) |
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1,311,628 |
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905,958 |
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Net Assets Available for Benefits |
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$ |
229,682,550 |
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$ |
227,257,369 |
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See accompanying notes to financial statements.
2
GEORGIA
GULF CORPORATION
SAVINGS AND CAPITAL GROWTH PLAN
STATEMENT OF CHANGES IN NET ASSETS
AVAILABLE FOR BENEFITS
YEAR ENDED DECEMBER 31, 2006
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ADDITIONS TO NET ASSETS: |
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Investment income: |
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Interest and dividends |
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$ |
10,553,477 |
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Net appreciation in fair value of investments |
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7,079,325 |
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Total investment income |
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17,632,802 |
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Contributions: |
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Participants |
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6,002,200 |
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Company |
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4,432,451 |
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Rollovers |
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510,449 |
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Total contributions |
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10,945,100 |
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Total additions |
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28,577,902 |
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DEDUCTIONS FROM NET ASSETS: |
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Distributions and withdrawals for participants |
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(25,975,661 |
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Transaction fees |
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(177,060 |
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Total deductions |
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(26,152,721 |
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NET INCREASE |
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2,425,181 |
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NET ASSETS AVAILABLE FOR BENEFITS: |
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Beginning of year |
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227,257,369 |
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End of year |
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$ |
229,682,550 |
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See accompanying notes to financial statements.
3
GEORGIA GULF CORPORATION
SAVINGS AND CAPITAL GROWTH PLAN
YEARS ENDED DECEMBER 31, 2006 AND 2005
1. PLAN DESCRIPTION
The following description of the Georgia Gulf Corporation Savings and Capital Growth Plan (the ”Plan”) provides only general information. Participants should refer to the official Plan document for complete information.
General —The Plan was established January 1, 1985 in connection with the acquisition of Georgia-Pacific Chemicals, Inc. (“Chemicals”) by Georgia Gulf Corporation (the “Company” or “Plan Administrator”) from Georgia-Pacific Corporation. The Plan is a defined contribution plan managed by Merrill Lynch (the “Trustee”) and covers substantially all salaried employees of the Company, excluding employees of the Company’s Royal Group, Inc. subsidiary and employees covered by bargained agreements. The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974, as amended (“ERISA”).
The Plan includes an employee stock ownership plan (“ESOP”) component. As a result, there is an additional component for those portions of participant accounts that are invested in the Company’s common stock fund. Those Company common stock fund accounts consist of two components, one of which is attributable to the profit sharing component of the Plan and the other of which is attributable to the ESOP component of the Plan. The ESOP component of the Plan is designed to qualify as a stock bonus plan for tax purposes.
The Plan is divided into three accounts, each containing specific benefits, vesting, and limitations, as defined by the Plan:
Capital Growth Account —All full-time salaried employees of the Company, excluding employees of the Company’s Royal Group, Inc. subsidiary and employees covered by bargained agreements, are eligible to participate in the Capital Growth Account on the January 1 following his/her hire date. The Company contributes, on an annual basis, 3% of participants’ annual compensation, as defined by the Plan. These contributions are limited to current and accumulated earnings and profits in accordance with Internal Revenue Service (“IRS”) regulations and are vested immediately. This contribution is made for all participants who are employed on the last day of the plan year, whether or not they elect to contribute a portion of their compensation into the Savings Account of the Plan. All contributions are participant-directed. Participants may change their investment elections at any time.
Participants whose termination is due to disability or death or whose termination occurs after reaching age 55 with ten or more years of service will be entitled to a contribution for the year of termination.
Savings Account —All full-time salaried employees of the Company, excluding employees of the Company’s Royal Group, Inc. subsidiary and employees covered by bargained agreements, may elect to participate in the savings account as of the first of the month following the completion of 60 days of service. Participants may elect to contribute in 1% increments, on a pretax or after-tax basis, up to 100% of their eligible compensation, as defined by the Plan and subject to Internal Revenue Code (“IRC”) limitations. Participants may elect to change their contribution percentage on a monthly basis. The Company matches 50% of the participants’ pretax contributions up to a maximum of 4% of their annual compensation. Contributions are limited to current and accumulated earnings and profits in accordance with IRS regulations and vest at a rate of 10% per year for the first two years of service and 20% per year for the third, fourth, fifth and sixth years of service or vest immediately if a participant leaves the Company due to death, disability, or attainment of age 60 or later (as long as the participant is still an active employee). Eligible employees, who will attain at least age 50 before the close of the plan year, may elect to make catch-up contributions in accordance with the Economic Growth and Tax Relief Reconciliation Act of 2001.
Contributions to the savings account may be invested in any investment option offered by the Plan, and participants may change their investment elections at any time.
4
Prior Plan Account —Participants in the Plan who were previously employees of Chemicals may have participated in a predecessor plan, which consisted of employer and employee funds. Employer fund balances consisted of annual contributions plus earnings. Employee fund balances consisted of employee after-tax contributions plus earnings. Upon the Company’s acquisition of Chemicals, these prior plan account balances were transferred to the Plan and became fully vested. Once the participant is 55 years of age with 10 years of service, or 65 years of age, he/she may elect to transfer his/her balance to participant directed funds.
When a participant leaves the Company, he/she may elect to receive his/her entire employer fund prior plan account balance as a lump-sum distribution or, if eligible, to transfer the amount to the Company’s Salaried Employees Retirement Plan.
Employee fund balances are classified as an after-tax savings account and are subject to plan distribution rules.
Investment Funds —Assets held in the Plan as of December 31, 2006 are invested by the Trustee in any of the following investment fund options, offered by the Plan, as directed by participants and/or Plan management:
a. Vanguard Wellington Fund- Admiral Shares
b. Harbor Capital Appreciation Fund — Institutional Class
c. INVESCO Stable Value Trust
d. Dodge & Cox Stock Fund
e. American Funds Europacific Growth Fund
f. Georgia Gulf 401(k) Common Stock Fund
g. Georgia Gulf Employee Stock Ownership Fund
h. Vanguard S&P 500 Index Fund
i. Lord Abbett Small Capital Value Fund
j. Roxbury Small Capital Growth Fund
Benefits/Distributions —Upon termination of service due to death, disability, retirement, or separation from service, a participant or designated beneficiary may elect to receive a lump-sum amount equal to the value of the participant’s vested interest in his/her account. If the participant’s balance is less than $1,000, the Company has the authority to distribute the balance to the participant in a single lump-sum payment. Participants may make withdrawals from his/her elective contribution account balance after reaching age 59-½ and must begin receiving distributions at age 70-½.
Participant Loans —Participants may borrow a minimum of $1,000 and up to a maximum equal to the lesser of $50,000 or 50% of his/her vested account balance. Loans are secured by the participant’s account balance and bear interest at a fixed rate over the life of the loan. Interest rates were based on the prime interest rate plus 1% at the time the loan is approved, and ranged from 5.0% to 9.25% at December 31, 2006 and 5.0% to 10.5% at December 31, 2005. Repayments of the loans are made in substantially equal payroll deductions amortized over the life of the loan. Participants may have only one loan outstanding at any time. The loans must be repaid within five years, unless used to purchase a primary residence, in which case the term may be extended.
5
Participant Accounts —Individual accounts are maintained for each participant. Each participant’s account is credited with the participant’s contributions and allocations of company contributions and investment earnings (losses) thereon and investment manager expenses. Allocations of income (loss) and investment manager expenses are based on participant account balances, as defined. The benefits to which participants are entitled are the benefits that can be provided from the participant’s vested account.
Forfeitures —Forfeitures are used to reduce future Company contributions. Forfeitures used to reduce Company contributions were $0 and $27,957 in 2006 and 2005, respectively. There were $192,966 and $150,777 of unallocated forfeitures at December 31, 2006 and 2005, respectively.
Administrative Expenses —Administrative expenses, including trustee fees, are borne by the Company. Transaction fees for investment trades are borne by the Plan.
Plan Termination —Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of the ERISA. In the event the Plan terminates, participants become 100% vested in all Company contributions regardless of length of service. In addition, any unallocated plan funds will be allocated to the appropriate accounts of Plan participants and beneficiaries.
2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
Basis of Accounting —The accompanying financial statements have been prepared in accordance with accounting principles generally accepted in the United States.
Use of Estimates and Risks and Uncertainties —The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires the Plan Administrator to use estimates and assumptions that affect the accompanying financial statements and disclosures. Actual results could differ from these estimates. The Plan utilizes various investment instruments including, common trust funds, common stock, and mutual funds. Investment securities, in general, are exposed to various risks, including credit, interest, and overall market volatility risks. Due to the level of risk associated with certain investment securities, it is possible that changes in values of investment securities will occur and that such changes could materially affect the amount reported in the financial statements.
Valuation of Investments —Investments in mutual funds and common stock are stated at fair value based on quoted market price. Investments in common trust funds are stated at fair value as determined by the issuer of the common trust fund based on the fair value of the underlying investments. Common trust funds with the underlying investments in investment contracts are valued at the fair value of the underlying investments and then adjusted by the issuer to contract value. Participant loans are stated at outstanding balance, which approximates fair value. The fully benefit-responsive investment contract is stated at fair value and then adjusted to contract value. For the investment contracts, fair value is determined based on the present value of the contract’s expected cash flows, discounted by the current market rates for the like-duration and like-quality investments.
Investment Transactions —Purchases and sales of investments are recorded on their trade dates.
Income Recognition — Dividends are recorded on the ex-dividend date. Interest income is recorded on the accrual basis.
Payment of Benefits — Benefits are recorded when paid.
Excess Contribution Refundable — The Plan is required to return contributions received during the plan year in excess of the Internal Revenue Code limits.
6
Adoption of new Accounting Guidance—The financial statements reflect the retroactive adoption of Financial Accounting Standards Board Staff Position, FSP AAG INV-1 and SOP 94-4-1, Reporting of Fully Benefit-Responsive Contracts Held by Certain Investment Companies Subject to the AICPA Investment Company Guide and Defined-Contribution Health and Welfare and Pension Plans (the “FSP”). As required by the FSP, the statements of net assets available for benefits presents investment contracts at fair value as well as an additional line item showing an adjustment of fully benefit-responsive investment contracts from fair value to contract value. The statement of changes in net assets available for benefits is presented on a contract value basis and was not affected by the adoption of the FSP. The adoption of the FSP did not impact the amount of net assets available for benefits at December 31, 2005.
3. INVESTMENTS
The following investments represent 5% or more of the Plan’s net assets available for benefits as of December 31, 2006 and 2005:
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2006 |
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2005 |
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Shares/Units |
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Fair Value |
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Shares/Units |
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Fair Value |
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Total AIM Basic Balanced Fund—participant-directed |
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— |
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$ |
— |
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1,341,611 |
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$ |
16,434,730 |
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INVESCO Stable Value Fund—participant-directed |
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57,435,658 |
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56,209,352 |
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55,962,182 |
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55,120,065 |
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INVESCO Stable Value Fund—nonparticipant-directed |
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3,996,165 |
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3,910,843 |
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4,242,504 |
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4,178,663 |
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Total INVESCO Stable Value Fund |
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61,431,823 |
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60,120,195 |
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60,204,686 |
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59,298,728 |
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American Funds Europacific Growth Fund—participant-directed |
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454,741 |
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21,172,750 |
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427,266 |
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17,560,635 |
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American Funds Europacific Growth Fund—nonparticipant-directed |
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92,460 |
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4,304,953 |
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56,621 |
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2,320,521 |
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Total American Funds Europacific Growth Fund |
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547,201 |
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25,477,703 |
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483,887 |
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19,881,156 |
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Dodge & Cox Stock Fund—participant-directed |
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254,247 |
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39,016,750 |
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263,506 |
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36,158,347 |
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Dodge & Cox Stock Fund—nonparticipant-directed |
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34,371 |
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5,279,418 |
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48,306 |
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6,628,569 |
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Total Dodge & Cox Stock Fund |
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288,618 |
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44,296,168 |
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311,812 |
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42,786,916 |
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American Express New Dimensions Fund—participant-directed |
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— |
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— |
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678,977 |
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13,457,319 |
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American Express New Dimensions Fund—nonparticipant-directed |
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— |
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— |
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330,887 |
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6,558,184 |
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Total American Express New Dimensions Fund |
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— |
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— |
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1,009,864 |
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20,015,503 |
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Vanguard S&P 500 Index Fund |
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159,906 |
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20,722,249 |
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185,569 |
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21,156,668 |
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Vanguard Wellington Fund — Admiral Shares |
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327,219 |
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18,330,833 |
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— |
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— |
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Roxbury Small Capital Growth Fund—participant-directed |
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647,730 |
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12,280,957 |
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581,329 |
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10,667,385 |
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Roxbury Small Capital Growth Fund—nonparticipant-directed |
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56,117 |
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1,063,977 |
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61,265 |
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1,124,223 |
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Total Roxbury Small Capital Growth |
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703,847 |
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13,344,934 |
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642,594 |
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11,791,608 |
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Harbor Capital Appreciation Fund — Institutional Class—participant-directed |
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402,601 |
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13,426,751 |
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— |
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— |
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Harbor Capital Appreciation Fund — Institutional Class—nonparticipant-directed |
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154,760 |
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5,161,242 |
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— |
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— |
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Total Harbor Capital Appreciation Fund |
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557,361 |
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18,587,993 |
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— |
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— |
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Georgia Gulf Employee Stock Ownership Fund |
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610,255 |
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11,784,030 |
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485,287 |
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14,762,417 |
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8
The following table summarizes the net appreciation (depreciation) in the fair value of investments for the year ended December 31, 2006:
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Georgia Gulf Corporation Common Stock Fund and Employee Stock Ownership Fund |
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$ |
(6,329,571 |
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Mutual funds |
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13,408,896 |
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$ |
7,079,325 |
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4. FEDERAL INCOME TAX STATUS
The IRS has determined and informed the Company by letter dated July 26, 2005, that the Plan and related trust are designed in accordance with the applicable sections of the IRC. The Plan has been amended since receiving the determination letter. However, the Plan Administrator believes that the Plan is currently designed and operated in compliance with the applicable requirements of the IRC and the Plan and related trust continue to be tax-exempt. Therefore, no provision for income taxes has been included in the Plan’s financial statements.
5. NONPARTICIPANT-DIRECTED ACCOUNTS
Information about the net assets and the significant components of the changes in net assets relating to the nonparticipant-directed investments as of December 31, 2006 and 2005 and for the year ended December 31, 2006 are as follows:
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2006 |
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2005 |
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Investments at fair value: |
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Harbor Capital Appreciation Fund — Institutional Class |
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$ |
5,161,242 |
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$ |
— |
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American Express New Dimensions Fund |
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— |
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6,558,184 |
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Dodge & Cox Stock Fund |
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5,279,418 |
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6,628,569 |
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American Funds Europacific Growth Fund |
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4,304,953 |
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2,320,521 |
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INVESCO Stable Value Fund |
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3,910,843 |
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4,178,663 |
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Lord Abbett Small Capital Value Fund |
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1,050,381 |
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1,096,639 |
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Roxbury Small Capital Growth Fund |
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1,063,977 |
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1,124,223 |
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Total investments |
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$ |
20,770,814 |
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$ |
21,906,799 |
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Changes in net assets: |
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Net appreciation in fair value of investments |
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$ |
2,386,021 |
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Funds transferred to participant directed accounts |
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(86,880 |
) |
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Distributions to participants or beneficiaries |
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(3,435,126 |
) |
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$ |
(1,135,985 |
) |
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9
6. RECONCILIATION OF FINANCIAL STATEMENTS TO FORM 5500
The following is a reconciliation of net assets available for benefits per the financial statements to the Form 5500 as of December 31, 2006 and 2005.
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2006 |
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2005 |
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Net asssets available for benefits per the financial statements |
|
$ |
229,682,550 |
|
$ |
227,257,369 |
|
|
Adjustment from contract value to fair value for fully benefit-responsive investment contracts |
|
(1,311,628 |
) |
(905,958 |
) |
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Net assets available for benefits per the Form 5500 |
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$ |
228,370,922 |
|
$ |
226,351,411 |
|
The following is a reconciliation of total additions per the financial statements to total income per the Form 5500 for the year ended December 31, 2006. No reconciliation was necessary for the year ended December 31, 2005.
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Total additions per the financial statements |
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$ |
28,577,902 |
|
|
Adjustment from contract value to fair value for fully benefit-responsive investment contracts |
|
(1,311,628 |
) |
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|
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Total income per the Form 5500 |
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$ |
27,266,274 |
|
The following is a reconciliation of the net increase in net assets available for benefits per the financial statements to total income per the Form 5500 for the year ended December 31, 2006. No reconciliation was necessary for the year ended December 31, 2005.
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Net increase in net assets available for benefits per the financial statements |
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$ |
2,425,181 |
|
|
Adjustment from contract value to fair value for fully benefit-responsive investment contracts |
|
(1,311,628 |
) |
|
|
|
|
|
|
|
|
Net increase in total income per the Form 5500 |
|
$ |
1,113,553 |
|
7. EXEMPT PARTY-IN-INTEREST TRANSACTIONS
Certain Plan investments are units of common trust funds managed by the Trustee. These transactions qualify as party-in-interest transactions. At December 31, 2006 and 2005, the Plan held 16 and 92,613 shares, respectively, of common stock of Georgia Gulf Corporation, the sponsoring employer, with a cost basis of $1,382 and $2,975,112, respectively. In addition, at December 31, 2006 and 2005, the Plan held 610,225 and 485,287 shares, respectively, of investments in the Company’s Employee Stock Ownership Fund. At December 31, 2006 and 2005, the cost basis of this investment was $13,152,532 and $10,195,646, respectively. During the year ended December 31, 2006, the Plan recorded dividend income of $27,872 from the Georgia Gulf Corporation Common Stock Fund and dividend income of $156,875 from the Georgia Gulf Corporation Employee Stock Ownership Plan Fund.
******
10
SUPPLEMENTAL
SCHEDULE
(See Report of Independent Registered Public Accounting Firm)
11
GEORGIA GULF CORPORATION
SAVINGS AND CAPITAL GROWTH PLAN
FORM 5500,
SCHEDULE H, PART IV, LINE 4i—
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2006
|
(a) |
|
(b) |
|
(c) |
|
(d) |
|
(e) |
|
||
|
|
|
|
|
Description of Investment, Including |
|
|
|
|
|
||
|
|
|
Identity of Issue, Borrower |
|
Maturity Date, Rate of Interest, |
|
|
|
Current |
|
||
|
|
|
Lessor or Similar Party |
|
Collateral, Par, or Maturity Value |
|
Cost |
|
Value |
|
||
|
|
|
|
|
|
|
|
|
|
|
||
|
* |
|
AMVESCO NATIONAL TRUST COMPANY |
|
Collective trust—INVESCO Stable Value Fund (participant-directed), 57,435,658 units |
|
$ |
|
** |
$ |
56,209,352 |
|
|
|
|
|
|
Collective trust—INVESCO Stable Value Fund (nonparticipant-directed), 3,996,165 units |
|
3,996,165 |
|
3,910,843 |
|
||
|
|
|
|
|
Mutual funds: |
|
|
|
|
|
||
|
|
|
LORD ABBETT FUNDS |
|
Lord Abbett Small Capital Value Fund (participant-directed), 320,910 shares |
|
|
** |
9,973,895 |
|
||
|
|
|
|
|
Lord Abbett Small Capital Value Fund (nonparticipant-directed), 33,796 shares |
|
956,813 |
|
1,050,381 |
|
||
|
|
|
AMERICAN FUNDS |
|
American Funds Europacific Growth Fund (participant-directed), 454,741 shares |
|
|
** |
21,172,750 |
|
||
|
|
|
|
|
American Funds Europacific Growth Fund (nonparticipant-directed), 92,460 shares |
|
3,542,517 |
|
4,304,953 |
|
||
|
|
|
DODGE & COX FUND |
|
Dodge & Cox Stock Fund (participant-directed), 254,247 shares |
|
|
** |
39,016,750 |
|
||
|
|
|
|
|
Dodge & Cox Stock Fund (nonparticipant-directed), 34,371 shares |
|
4,150,652 |
|
5,279,418 |
|
||
|
|
|
THE VANGUARD GROUP |
|
Vanguard S&P 500 Index Fund, 159,906 shares |
|
|
** |
20,722,249 |
|
||
|
|
|
|
|
Vanguard Wellington Fund — Admiral Shares, 327,219 shares |
|
|
** |
18,330,833 |
|
||
|
|
|
HARBOR FUNDS |
|
Harbor Capital Appreciation Fund-Institutional Class (participant-directed), 402,601 shares |
|
|
** |
13,426,751 |
|
||
|
|
|
|
|
Harbor Capital Appreciation Fund-Institutional Class (nonparticipant-directed), 154,760 shares |
|
5,165,888 |
|
5,161,242 |
|
||
|
|
|
ROXBURY FUNDS |
|
Roxbury Small Capital Growth Fund (participant-directed), 647,730 shares |
|
|
** |
12,280,957 |
|
||
|
|
|
|
|
Roxbury Small Capital Growth Fund (nonparticipant-directed), 56,117 |
|
935,594 |
|
1,063,977 |
|
||
|
* |
|
VARIOUS PLAN PARTICIPANTS |
|
Participant loans (with interest rates ranging from 5.00% to 9.25% and maturities through 6/13/2014) |
|
|
|
4,490,539 |
|
||
|
* |
|
GEORGIA GULF CORPORATION |
|
Common stock: |
|
|
|
|
|
||
|
|
|
|
|
Georgia Gulf Corporation Employee Stock Ownership Fund, 610,255 shares |
|
|
** |
11,784,030 |
|
||
|
|
|
|
|
Georgia Gulf Corporation Common Stock Fund, 16 shares |
|
|
** |
300 |
|
||
|
|
|
|
|
Total investments |
|
|
|
$ |
228,179,220 |
|
|
* Represents a party-in-interest
** Cost information is excluded as investments are participant-directed
12
SIGNATURES
The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the employee benefit plan) have duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
|
|
Georgia Gulf Corporation Savings and Capital Growth Plan |
||
|
|
|
(Name of Plan) |
|
|
|
|
|
|
|
|
|
Georgia Gulf Corporation |
|
|
|
|
(Plan Administrator) |
|
|
|
|
|
|
|
Date: June 28, 2007 |
|
/s/ JOEL I. BEERMAN |
|
|
|
|
By: Joel I. Beerman |
|
|
|
|
Vice President, General Counsel and Secretary |
|
13
EXHIBIT INDEX
Exhibit identified below, Exhibit 23 is filed herein as an exhibit hereto.
|
Exhibit |
|
|
|
23 |
|
Consent of Independent Registered Public Accounting Firm |
14