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): September 4, 2008
LOUISIANA-PACIFIC CORPORATION
(Exact Name Of Registrant As Specified In Charter)
| Delaware | 1-7107 | 93-0609074 | ||
| (State or Other Jurisdiction of Incorporation) |
(Commission File Number) | (IRS Employer Identification No.) |
414 Union Street, Suite 2000, Nashville, TN 37219
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including area code: (615) 986-5600
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 (see General Instruction A.2. below):
| ¨ | 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)) |
| Item 8.01 | Other Events |
On September 4, 2008, Louisiana-Pacific Corporation (“LP”) announced that it will curtail operations indefinitely at its oriented strand board (OSB) mills in Chambord, Quebec, and Athens, Ga. Operations will be curtailed at the two mills effective during the fourth quarter of this year.
As a result of these announced closures, LP expects to record severance charges of approximately $3 to $4 million over the third and fourth quarters of 2008.
LP’s press release relating to the matters discussed above is filed as Exhibit 99.1 to this report and is incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits. |
| (d) | Exhibits. |
| Exhibit No. |
Description | |
| 99.1 | Press Release, dated September 4, 2008. | |
SIGNATURE
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.
| LOUISIANA-PACIFIC CORPORATION | ||
| By: | /s/ Curtis M. Stevens | |
| Curtis M. Stevens Chief Financial Officer | ||
Date: September 8, 2008
INDEX TO EXHIBITS
| Exhibit No. |
Description of Exhibit | |
| 99.1 | Press Release, dated September 4, 2008. | |
Exhibit 99.1
NEWS RELEASE
Release No. 118-09-08
Contact:
Mary Cohn (Media Relations)
615.986.5886
Becky Barckley/Mike Kinney (Investor Relations)
615.986.5600
FOR RELEASE AT 5 P.M. CDT, THURSDAY, SEPTEMBER 4, 2008
LP Announces Indefinite Shutdowns at OSB Mills in Chambord, Quebec and Athens, Georgia
Actions Taken Due to Market Conditions
NASHVILLE, Tenn. (September 4, 2008) – Louisiana-Pacific Corporation (LP) (LPX) today announced that it will curtail operations indefinitely at its oriented strand board (OSB) mills in Chambord, Quebec, and Athens, Ga. Operations will be curtailed at the two mills effective during the fourth quarter of this year.
OSB Executive Vice President Jeff Wagner said, “We are faced with one of the weakest housing markets in decades, which has substantially reduced the demand for OSB. In these conditions, we simply cannot justify running these mills. With these closures, we should improve our operating efficiencies while satisfying all the needs of our customers.”
“The curtailment of these mills is a difficult economic decision which affects many excellent, dedicated LP employees in Quebec and Georgia,” Wagner continued. “We regret the impact these curtailments will have on our employees and communities.”
Annual OSB product capacities at Athens and Chambord are 375 million and 440 million square feet, respectively.
LP, headquartered in Nashville, Tenn., is a premier supplier of building products, manufacturing innovative, high-quality commodity and specialty products for its retail, wholesale, homebuilding and industrial customers. Visit LP’s Web site at www.lpcorp.com for additional information on the company.
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LOUISIANA-PACIFIC CORPORATION
414 Union Street Suite 2000 Nashville, TN 37129 T 615.986.5600 F 615.986.5666
WWW.LPCORP.COM
