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
June 19, 2008
(Date of earliest event report)
WEYERHAEUSER COMPANY
(Exact name of registrant as specified in charter)
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1-4825
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91-0470860 |
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(Commission
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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:
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b)) |
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c)) |
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C., 20549
ITEM 5.02. DEPARTURE OF DIRECTORS OR CERTAIN OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF
CERTAIN OFFICERS; COMPENSATORY ARRANGEMENTS OF CERTAIN OFFICERS
Effective
June 30, 2008, Richard E. Hansen, executive vice president and chief operating officer,
will retire from his position. Effective
June 30, 2008, Edward P. Rogel, senior vice president, Human
Resources, will retire from his
position.
On
June 19, 2008, Thomas F. Gideon, 56, was appointed as executive vice president, effective July
1, 2008. Prior to becoming executive vice president, Mr. Gideon served as senior vice president,
Containerboard, Packaging and Recycling from 2007. He was senior vice president, Timberlands, from
2005 to 2007; vice president, Western Timberlands, from 2003 to 2005; and director of Sales and
Marketing for Western Timberlands from 1998 to 2003. He joined Weyerhaeuser in 1978 and held
numerous human resources and sales management positions in Wood Products before moving into Western
Timberlands in 1996.
On
June 19, 2008, John Hooper, 53, was appointed as senior vice president, Human Resources effective
July 7, 2008. Prior to becoming senior vice president, Mr. Hooper served as vice president, Human
Resources Operations from 2006. He was a human resources director from 2003 to 2006 and a
strategic projects consultant beginning in 2001, when he joined Weyerhaeuser to assist in the
integration of Willamette Industries, to 2003. Prior to joining Weyerhaeuser, he was a management
consultant specializing in culture change, best practices, human resources strategy and change
management from 1986 to 2001. He also held leadership roles in Human Resources with Tektronix,
Inc. (test, measurement and monitoring products) from 1980 to 1986 and Eaton Corp. (diversified
industrial manufacturer) from 1976 to 1979.
The
Company issued the attached press release in connection with these
changes.
Steve Rogel will retire as a Weyerhaeuser employee effective June 30, 2008. Mr. Rogel will
continue to serve as the chairman of the Board of Directors of the company. As a non-employee
director of the Company, Mr. Rogel is entitled to receive the standard director retainer fee of
$140,000, half of which is paid in retainer deferred stock unit awards. The Board of Directors
also approved an additional $260,000 fee for serving as Chairman of the Board.
Daniel S. Fulton was appointed as chief executive officer effective April 17, 2008. On June
19, 2008 the Board of Directors approved a grant of 130,000 stock options to Mr. Fulton in
recognition of his additional responsibilities as president and chief executive officer. The
options are exercisable beginning 12 months after the grant date, with 25% of the shares in the
grant becoming exercisable at that time and an additional 25% of the shares becoming exercisable on
each successive anniversary of the grant date. The options were granted for a term of 10 years and
have an exercise price of $55.40 per share.
ITEM 9.01 FINANCIAL STATEMENTS AND EXHIBITS
(d)
Exhibits
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Press release, dated June 25,
2008 issued by Weyerhaeuser Company |