American Pad & Paper Co – ‘8-K’ for 2/4/99

As of:  Thursday, 2/4/99   ·   For:  2/4/99   ·   Accession #:  5588-99-4   ·   File #:  1-11803

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Current Report   —   Form 8-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Press Releases                                         5     20K 

Document Table of Contents

8-K
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================================================================================

 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): February 4, 1999              
(January 19, 1999)

AMERICAN PAD & PAPER COMPANY
(Exact name of registrant as specified in its charter)

Commission file number 1-11803

     Delaware                                       04-3164298
(State or other jurisdiction of                        (I.R.S. Employer   
incorporation or organization)                        Identification No.) 

             17304 Preston Road,  Suite 700, Dallas,  TX 75252-5613  (Address of
principal executive offices) (Zip Code)               

          Registrant's telephone number, including area code: (972) 733-6200

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Item 5.  Other Events.                                                          

     On January 19, 1999,  American Pad & Paper Company (the "Company") issued a
press  release  announcing  that its plant in  Dallas,  Texas will be closed and
consolidated as part of a previously  announced  restructuring  plan. This press
release is incorporated herein as Exhibit 99.020.                               

On January 26, 1999, American Pad & Paper Company (the "Company") issued a press
release  announcing  that it will begin  trading on the NASD OTC Bulletin  Board
system under the symbol AMPP effective January 26, 1999.                        

On February 1, 1999, American Pad & Paper Company (the "Company") issued a press
release  announcing that the Williamhouse  division of the Company will increase
the price of White Wove Commodity Envelopes to its customers by approximately 7%
effective February 15, 1999.                                                    

Exhibit                                                                         

99.20    Press release by the Company dated January 19,1999.                    
99.21    Press release by the Company dated January 26, 1999.                   
99.22    Press release by the Company dated February 1, 1999.                   

 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.                                           

                                            American Pad & Paper Company

February 4, 1999                                   /s/ David N. Pilotte         
Date                                                 David N. Pilotte           
                                         Vice President and Corporate Controller
                                            Principal Accounting Officer

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================================================================================

NEWS RELEASE                                                                    

================================================================================

                                                                  Exhibit 99.020

For Immediate Release                                     CONTACT: Mark Lipscomb
                                                                  (972) 733-5415

AMERICAN PAD & PAPER ANNOUNCES PLANT CLOSING

         DALLAS,  Texas,  January  19,  1999,  -- American  Pad & Paper  Company
(NYSE:AGP) (AP&P) announced today that its plant in Dallas, Texas will be closed
and consolidated as part of a previously announced  restructuring plan, which is
designed to improve customer service,  better balance manufacturing  capacity to
market demands and reduce overall manufacturing costs.                          

         The  Dallas  plant  is  a  Williamhouse   division  site  and  will  be
transferring  its  production  capability  into an existing  plant in Corsicana,
Texas.  The Dallas  plant  employs  approximately  150 people and will  continue
operations at reduced  levels  through the end of May 1999.  Eligible  employees
affected will be provided a severance  package,  and the Company will be working
with the Texas Workforce Commission to provide a career transition program.     

         Commenting on the plant closure,  James W. Swent III,  Chief  Executive
Officer of American  Pad & Paper,  said,  "Combining  the Dallas  plant into the
Corsicana  plant,  which is less than 50 miles  away from  Dallas,  will  better
balance our  manufacturing  capacity and enhance service to our customers in the
Southwest.  This action will move us closer to our goal of being the lowest cost
manufacturer in our industry." In addition Mr. Swent said,  "Making this type of
decision is  extremely  difficult,  but the future of our  Company  depends on a
strategy that provides greater efficiency and a return to profitable growth."   

          American Pad & Paper Company is a leading manufacturer and marketer of
paper-based  office  products  in  North  America.   Product  offerings  include
envelopes,  writing pads, file folders, machine papers, greeting cards and other
office products.  The key operating  divisions of the Company are  Williamhouse,
AMPAD,  and Creative Card which market  principally  under the  following  Brand
Names:  AMPAD(R),  Century(TM),  Embassy(R),  Evidence(R),  Globe-Weis(R),  Gold
Fibre(TM),   Huxley(TM),   Karolton(R),   Kent(R),  Peel  &  Seel(R),   SCM(TM),
Williamhouse(TM)  and  World  Fibre(TM).  Company  revenues  in 1997  were  $687
million.                                                                        

         This release  contains  forward-looking  statements  relating to future
results.  Actual  results may differ  significantly  as a result of factors over
which the Company has no control,  including,  but not limited to the following:
changing economic  conditions,  slower than anticipated sales growth,  price and
product competition and changes in raw material costs.  Additional  information,
which could affect the Company's financial results, is included in the Company's
filings with the Securities and Exchange Commission.                            

                                                       ###

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================================================================================

NEWS RELEASE                                                                    

================================================================================

                                                                  Exhibit 99.021

For Immediate Release                                     CONTACT: Mark Lipscomb
                                                              (972) 733-5415

 American Pad & Paper begins trading on otc bulletin board

DALLAS,  Texas,  January 26, 1999 -- American Pad & Paper  Company  (OTCBB:AMPP)
(AP&P) announced that today it will begin trading on the NASD OTC Bulletin Board
system under the symbol AMPP effective  January 26, 1999.  The stock  previously
traded on the NYSE.                                                             

 As stated in a press release on Monday  January 25, 1999,  American Pad & Paper
will utilize the OTC Bulletin Board to provide stockholders a forum to trade the
common  stock.  The Company will continue the ongoing  discussions  with various
security  exchanges as it seeks to provide  stockholders with the most efficient
marketplace possible.                                                           

American Pad & Paper  currently  plans to release  fourth  quarter and full year
1998 financial results during the third week of February.                       

American  Pad  &  Paper  Company  is a  leading  manufacturer  and  marketer  of
paper-based  office  products  in  North  America.   Product  offerings  include
envelopes,  writing pads, file folders, machine papers, greeting cards and other
office products.  The key operating  divisions of the Company are  Williamhouse,
AMPAD,  and Creative Card which market  principally  under the  following  Brand
Names:  AMPAD(R),  Century(TM),  Embassy(R),  Evidence(R),  Globe-Weis(R),  Gold
Fibre(TM),   Huxley(TM),   Karolton(R),   Kent(R),  Peel  &  Seel(R),   SCM(TM),
Williamhouse(TM)  and  World  Fibre(TM).  Company  revenues  in 1997  were  $687
million.                                                                        

This release  contains  forward-looking  statements  relating to future results.
Actual  results may differ  significantly  as a result of factors over which the
Company has no control,  including,  but not limited to the following:  changing
economic  conditions,  slower than anticipated  sales growth,  price and product
competition and changes in raw material  costs.  Additional  information,  which
could  affect the  Company's  financial  results,  is included in the  Company's
filings with the Securities and Exchange Commission.                            

                                                       ###

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================================================================================

NEWS RELEASE                                                                    

================================================================================

For Immediate Release                                     CONTACT: Mark Lipscomb
                                                              (972) 733-5415

                                                                  Exhibit 99.022

Williamhouse a division of American Pad & Paper Announces a price increase for  
envelopes                                                                     

DALLAS,  Texas,  February 1, 1999 - The Williamhouse  division of American Pad &
Paper Company (OTCBB:AMPP) (AP&P) announced today that due to price increases by
its key suppliers on white uncoated free sheet paper, Williamhouse will increase
the price of White Wove Commodity Envelopes to its customers by approximately 7%
effective February 15, 1999.                                                    

John  Grymes,  President  of the  Williamhouse  Division of American Pad & Paper
commented "It has been almost 18 months since the Paper Mills have raised prices
and combined with increasing costs of labor, transportation, and other materials
during this time frame we feel it is  appropriate to pass this price increase on
to our  customers.  We remain  committed to providing  our customers the highest
levels of quality and service  evidenced  by the more than 20 billion  envelopes
Williamhouse produced last year. "                                              

American  Pad  &  Paper  Company  is a  leading  manufacturer  and  marketer  of
paper-based  office  products  in  North  America.   Product  offerings  include
envelopes,  writing pads, file folders, machine papers, greeting cards and other
office products.  The key operating  divisions of the Company are  Williamhouse,
AMPAD,  and Creative Card which market  principally  under the  following  Brand
Names:  AMPAD(R),  Century(TM),  Embassy(R),  Evidence(R),  Globe-Weis(R),  Gold
Fibre(TM),   Huxley(TM),   Karolton(R),   Kent(R),  Peel  &  Seel(R),   SCM(TM),
Williamhouse(TM)  and  World  Fibre(TM).  Company  revenues  in 1997  were  $687
million.                                                                        

This release  contains  forward-looking  statements  relating to future results.
Actual  results may differ  significantly  as a result of factors over which the
Company has no control,  including,  but not limited to the following:  changing
economic  conditions,  slower than anticipated  sales growth,  price and product
competition and changes in raw material  costs.  Additional  information,  which
could  affect the  Company's  financial  results,  is included in the  Company's
filings with the Securities and Exchange Commission.                            

                                                       ###

Dates Referenced Herein

				Referenced-On Page
This ‘8-K’ Filing		Date		First		Last			Other Filings
		2/15/99		2		5			None on these Dates
Filed on / For Period End:		2/4/99		1		2
		2/1/99		2		5
		1/26/99		2		4
		1/25/99		4
		1/19/99		1		3
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