UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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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): November 30, 2005
BUCKEYE TECHNOLOGIES INC.
(Exact name of registrant as specified in its charter)
DELAWARE 33-60032 62-1518973
(State or other (Commission (IRS Employer
jurisdiction of incorporation) File Number) Identification Number)
1001 Tillman Street, Memphis, Tennessee 38112
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (901) 320-8100
N/A
(Former name or former address, if changed since last report)
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))
SECTION 5. CORPORATE GOVERNANCE AND MANAGEMENT
Item 5.02. Departure of Directors or Principal Officers; Election of Directors;
Appointment of Principal Officers
On November 30, 2005, Buckeye Technologies Inc. issued a press release
announcing management changes. A copy of the press release is attached as
exhibit 99.1.
SECTION 9. FINANCIAL STATEMENTS AND EXHIBITS.
Item 9.01. Financial Statements and Exhibits.
(c) Exhibits. The following exhibit is being furnished as part of this
Report.
Exhibit
Number Description
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99.1 Press Release of Buckeye Technologies Inc. dated November 30, 2005.
Exhibit 99.1
News from
[OBJECT OMITTED]
FOR IMMEDIATE RELEASE
Contacts: Kris Matula, Executive Vice President
and Chief Financial Officer
901-320-8588
Chad Foreman
Investor Relations Manager
901-320-8828
Website: www.bkitech.com
BUCKEYE ANNOUNCES MANAGEMENT CHANGES
MEMPHIS, TN November 30, 2005 - Buckeye Technologies Inc. (NYSE:BKI) today
announced the following management changes:
Mr. F. Gray Carter will become Vice President, Purchasing and Logistics. Mr.
Carter, who previously served as the Company's Vice President, Commercial
Development-Cotton, will lead the Company's Purchasing and Logistics
organization. Mr. Carter graduated from North Carolina State University with
degrees in Chemical Engineering and Pulp & Paper Science & Technology. He joined
Procter & Gamble, Buckeye's predecessor company, in 1984 and has held positions
of increasing responsibility in both manufacturing and commercial operations.
Ms. Elizabeth J. Welter will become Vice President and Chief Accounting Officer.
Ms. Welter, who previously served as the Company's Vice President, Corporate
Accounting and Treasurer, will provide overall leadership for the Finance and
Accounting organization. Ms. Welter graduated from Ohio Northern University,
obtained an MBA from the University of Toledo and is a Certified Management
Accountant. After holding various financial positions in the elevator industry,
she joined Buckeye in 1993 and was elected Vice President, Corporate Accounting
in 1997.
Mr. Chad P. Foreman was elected Treasurer and Investor Relations Manager. Mr.
Foreman, who previously served as Corporate Controller and Investor Relations
Manager, will lead the Company's treasury activities, serve as the primary
interface with the external financial community and support business development
efforts. Mr. Foreman graduated from the University of Central Florida, obtained
an MBA from the University of Georgia and is a Certified Public Accountant.
Prior to joining Buckeye in 2000, he was a financial analyst at Federal Express
and has experience in public accounting.
Mr. Steven G. Dean will become Controller for the Company. Mr. Dean, who
previously served as Specialty Fibers Division Controller, will provide overall
financial leadership for business operations. Mr. Dean graduated from Millsaps
College and obtained an MBA from Northwestern University. Prior to joining
Buckeye in 1999, he held various financial positions at Thomas & Betts and
Hewlett-Packard.
Buckeye, a leading manufacturer and marketer of specialty fibers and nonwoven
materials, is headquartered in Memphis, Tennessee, USA. The Company currently
operates facilities
in the United States, Germany, Canada, and Brazil. Its products are sold
worldwide to makers of consumer and industrial goods.
Certain matters discussed in this press release may constitute forward-looking
statements within the meaning of the federal securities laws that involve risks
and uncertainties, including but not limited to economic, competitive,
governmental, and technological factors affecting the Company's operations,
financing, markets, products, services and prices, and other factors. For
further information on factors which could impact the Company and the statements
contained herein, please refer to public filings with the Securities and
Exchange Commission.
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, thereunto duly authorized,
BUCKEYE TECHNOLOGIES INC.
/S/ KRISTOPHER J. MATULA
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Kristopher J. Matula
Executive Vice President and Chief Financial Officer
November 30, 2005