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):
May 8, 2002
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Louisiana-Pacific Corporation
(Exact Name of Registrant as Specified in Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
1-7107
(Commission File No.)
93-0609074
(IRS Employer Identification No.)
805 SW Broadway, Suite 1200
Portland, Oregon 97205-3303
(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, Including Area Code:
(503) 821-5100
ITEM 5. OTHER EVENTS.
On May 8, 2002, Louisiana-Pacific Corporation ("LP") issued a press
release announcing its strategic plan to make significant divestitures of
selected businesses and assets and to apply the proceeds to achieve targeted
reductions in debt levels. Assets to be sold over the next 12 to 18 months
include LP's plywood, industrial panels and lumber businesses, and 935,000 acres
of timberlands. LP plans to focus future operations on its core businesses:
oriented strand board, composite wood products, engineered wood products, and
plastic building products. A copy of the press release discussing LP's strategic
plan in more detail is attached to this report as Exhibit 99.
In addition, effective May 8, 2002, a more streamlined executive
management team under the overall direction of Mark A. Suwyn, Chairman and Chief
Executive Officer, was put in place. The other four members of the executive
management team, who were previously vice presidents of LP, include Curtis M.
Stevens as Executive Vice President, Administration, and Chief Financial
Officer; Richard W. Frost as Executive Vice President, OSB, Procurement and
Engineering; Joseph B. Kastelic as Executive Vice President, Specialty Products
and Sales; and J. Keith Matheney as Executive Vice President, Engineered Wood
Products and Other Wood Businesses.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(c) Exhibits. The exhibits filed as part of this report are listed in
the Exhibit Index following the signature page.
SIGNATURES
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.
LOUISIANA-PACIFIC CORPORATION
Dated: May 9, 2002 By /s/ Curtis M. Stevens
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Curtis M. Stevens
Executive Vice President,
Administration, and Chief
Financial Officer
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EXHIBIT INDEX
Exhibit No. Description
99 Press release issued May 8, 2002, by Louisiana-Pacific
Corporation announcing plan for major divestitures and debt
reduction.
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