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Domtar Corp – ‘8-K’ for 3/1/21

On:  Wednesday, 3/3/21, at 4:39pm ET   ·   For:  3/1/21   ·   Accession #:  1193125-21-67687   ·   File #:  1-33164

Previous ‘8-K’:  ‘8-K’ on / for 3/1/21   ·   Latest ‘8-K’:  This Filing

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 3/03/21  Domtar Corp                       8-K:1,2,8,9 3/01/21   12:430K                                   Donnelley … Solutions/FA

Current Report   —   Form 8-K   —   Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     26K 
 2: EX-10.1     Material Contract                                   HTML    162K 
 3: EX-99.1     Miscellaneous Exhibit                               HTML     11K 
 8: R1          Document and Entity Information                     HTML     46K 
10: XML         IDEA XML File -- Filing Summary                      XML     12K 
 7: XML         XBRL Instance -- d149000d8k_htm                      XML     14K 
 9: EXCEL       IDEA Workbook of Financial Reports                  XLSX      6K 
 5: EX-101.LAB  XBRL Labels -- ufs-20210301_lab                      XML     53K 
 6: EX-101.PRE  XBRL Presentations -- ufs-20210301_pre               XML     34K 
 4: EX-101.SCH  XBRL Schema -- ufs-20210301                          XSD     12K 
11: JSON        XBRL Instance as JSON Data -- MetaLinks               12±    18K 
12: ZIP         XBRL Zipped Folder -- 0001193125-21-067687-xbrl      Zip     45K 

‘8-K’   —   Current Report

This is an HTML Document rendered as filed.  [ Alternative Formats ]

 i Domtar CORP  i DE  i false  i 0001381531 0001381531 2021-03-01 2021-03-01








FORM  i 8-K




Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

March 3, 2021 /  i March 1, 2021

(Date of Report/Date of earliest event reported)




(Exact name of registrant as specified in its charter)




DELAWARE    i 001-33164    i 20-5901152
(State or other jurisdiction
of incorporation)
File Number)
  (IRS Employer
Identification No.)

 i 234 Kingsley Park Drive

 i Fort Mill,  i South Carolina

 i 29715

(Address and zip code of principal executive offices)

 i (803)  i 802-7500

(Registrant’s telephone number, including area code)


(Former name or former address, if changed since last report)



Securities registered pursuant to Section 12(b) of the Act:  i Common Stock, Par Value $0.01 Per Share; Common stock traded on the  i New York Stock Exchange; trading symbol  i UFS.

Indicate by check mark whether the registrant is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter).

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))



Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐




Item 1.01.

Entry into a Material Definitive Agreement

On March 1, 2021, Domtar Corporation (the “Company”) entered into an accelerated share repurchase agreement (the “ASR Agreement”) with JPMorgan Chase Bank, N.A. to repurchase $200 million of its common stock with available cash on hand.

Under the ASR Agreement, the Company will pay $200 million in exchange for an initial delivery of 4,430,906 shares. The final number of shares to be repurchased by the Company will be based on the average of the daily volume-weighted average stock prices of the Company’s common stock during the valuation period of the ASR Agreement, less a discount and subject to adjustments. The resulting adjustments may affect the total amount expended by the Company or the aggregate number of shares it repurchases.

The description of the ASR Agreement contained herein is qualified in its entirety by reference to the ASR Agreement that is filed as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.


Item 2.03.

Creation of a Direct Financial Obligation or an Obligation under an Off-Balance Sheet Arrangement of a Registrant.

The information in Item 1.01 is incorporated herein by reference.


Item 8.01.

Other Events.

On March 2, 2021, the Company issued a press release announcing its entry into the ASR Agreement. A copy of this press release is attached as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.

The information in this press release shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filing.


Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits




Description of Exhibits

  10.1      Master Confirmation between JPMorgan Chase Bank, National Association and Domtar Corporation, dated March 1, 2021.
  99.1      Press Release of Domtar Corporation, dated March 2, 2021.
  104      Cover Page Interactive Data File (embedded within the Inline XBRL document)


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.





/s/ Razvan L. Theodoru


Name: Razvan L. Theodoru

Title:   Vice-President, Corporate Law and Secretary

Date: March 3, 2021

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
Filed on:3/3/21
For Period end:3/1/2110-K,  8-K
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