International Paper Company 8-K 2012
Documents found in this filing:
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Pursuant to Section 13 or 15(d) of
the Securities Exchange Act of 1934
Date of Report (Date of Earliest Event Reported): May 7, 2012
International Paper Company
(Exact name of registrant as specified in its charter)
Registrants telephone number, including area code: (901) 419-7000
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:
SECTION 8. OTHER EVENTS.
Item 8.01. Other Events.
International Paper Company (the Company) is filing this Current Report on Form 8-K (this 8-K) to retrospectively adjust portions of the Companys Annual Report on Form 10-K for the year ended December 31, 2011, filed on February 27, 2012 (the 2011 Form 10-K), to reflect the elimination of the one-quarter lag basis on which the Company had previously reported its share of the operating results of the 50/50 joint venture that the Company and Ilim Holding S.A. have operated in Russia since October 2007. The Company eliminated this one-quarter reporting lag prospectively effective January 1, 2012. However, accounting principles generally accepted in the United States require retrospective application of this change in reporting to all comparative financial statements. Accordingly, the Company has revised all comparative prior period information to give effect to the presentation and disclosure requirements of such accounting principles. In addition, the accompanying financial statements have been retrospectively adjusted for the adoption of Accounting Standards Update 2011-05, Presentation of Comprehensive Income.
The following Items of the 2011 Form 10-K are being adjusted retrospectively to reflect application of the change in reporting described above (which Items as adjusted are attached as exhibits hereto and are hereby incorporated by reference herein):
No Items of the 2011 Form 10-K other than those identified above are being revised by this filing. Information in the 2011 Form 10-K is generally stated as of December 31, 2011 and this filing does not reflect any subsequent information or events other than the adoption of the change in reporting described above. Without limitation of the foregoing, this filing does not purport to update the Managements Discussion and Analysis of Financial Condition and Results of Operations contained in the 2011 Form 10-K with respect to any risks, uncertainties, contingencies, events or trends occurring, or known to management. More current information is contained in the Companys Quarterly Report on Form 10-Q for the quarterly period ended March 31, 2012 and other filings with the Securities and Exchange Commission. This Report should be read in conjunction with the 2011 Form 10-K and such Quarterly Report on Form 10-Q and other filings. These other filings may contain important information regarding risks, uncertainties, contingencies, events, trends and updates to certain expectations of the Company that have been reported since the filing of the 2011 Form 10-K.
SECTION 9. FINANCIAL STATEMENTS AND EXHIBITS.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits. The following exhibits are being filed as part of this Report.
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.