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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): March 17, 2006
ROCK-TENN COMPANY
(Exact name of registrant as specified in its charter)
Georgia 0-23340 62-0342590
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(State of Incorporation) Commission File Number (IRS employer
identification no.)
504 Thrasher Street,
Norcross, Georgia 30071
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(Address of principal executive offices) (Zip code)
Registrant's telephone number, including area code: (770) 448-2193
Not Applicable
(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:
[ ] 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))
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Item 2.05 - Costs Associated with Exit or Disposal Activities.
On March 17, 2006, Rock-Tenn Company ("Rock-Tenn") issued a press release (the
"March 17 Press Release") that announced Rock-Tenn's decision to close its
Kerman, California folding carton plant in the third quarter of fiscal
2006.
The March 17 Press Release and this Current Report on Form 8-K disclose the
following information:
In connection with the closing of the Kerman plant, Rock-Tenn expects to incur
pre-tax restructuring and other costs of approximately $3.7 million during the
second quarter of fiscal 2006, an aggregate of $1.1 million in the remainder of
fiscal 2006, and an aggregate of $0.4 million primarily over the next two fiscal
years. Rock-Tenn also expects to incur operating costs of $0.3 million in the
second quarter of fiscal 2006 associated with inventory write-off. The aggregate
restructuring and other costs include charges of approximately $1.8 million for
equipment impairment, $1.2 million for severance and other employee costs, $0.9
million for facility lease and carrying costs net of sublease rentals, $0.6
million for equipment relocation, and $0.7 million for other miscellaneous
costs. The Company estimates that approximately $2.1 million of the operating
costs and restructuring and other costs will be non-cash charges.
A copy of the March 17 Press Release is attached hereto as Exhibit 99.1 and
hereby incorporated herein.
Item 9.01 - Financial Statements and Exhibits.
(c) Exhibits
99.1 March 17 Press Release
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 hereunto duly authorized.
Date: March 17, 2006
ROCK-TENN COMPANY
By: /s/ Steven C. Voorhees
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Name: Steven C. Voorhees
Title: Executive Vice-President and Chief
Financial Officer (Principal Financial
Officer, Principal Accounting Officer and
duly authorized officer)
INDEX TO EXHIBITS
Exhibit Number and Description
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99.1 March 17 Press Release