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
May 19, 2003
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(Date of earliest event report)
WEYERHAEUSER COMPANY
(Exact name of registrant as specified in charter)
Washington 1-4825 91-0470860
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation or Number)
organization)
Federal Way, Washington 98063-9777
(Address of principal executive offices)
(zip code)
Registrant's telephone number, including area code:
(253) 924-2345
TABLE OF CONTENTS
Item 9. Regulation FD Disclosure
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SIGNATURES
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C., 20549
Item 9. Regulation FD Disclosure
On May 19, 2003, Weyerhaeuser Company a press release stating the
following:
FEDERAL WAY, Wash. - Weyerhaeuser Company (NYSE: WY) today announced plans to
sell 344,000 acres of timberlands in south-central Tennessee and central and
western North and South Carolina.
"We're continually evaluating our timberlands and manufacturing facilities to
determine how we can increase our competitiveness, enhance our operating
efficiencies and better serve customer needs," said Jack P. Taylor, Jr.,
senior vice president, Timberlands. "After careful review, we are looking for
an opportunity to balance our portfolio by selling some acreage in Tennessee
and the Carolinas."
Weyerhaeuser, the world's largest owner of merchantable softwood timber,
added 1.7 million acres to its portfolio with the Willamette acquisition.
The company now owns or manages approximately 7.4 million acres in the United
States.
Following the sale, Weyerhaeuser will own or manage approximately 552,000
acres of timberland in North Carolina. Weyerhaeuser employs approximately
700 in Tennessee, 3200 in North Carolina and 1200 in South Carolina.
Approximately ten employees are affected by the timberlands' sale,
Weyerhaeuser will try to retain as many of the employees as possible, and
will work with local agencies to provide job training and placement
assistance for those who are released.
Weyerhaeuser Company, one of the world's largest integrated forest products
companies, was incorporated in 1900. In 2002, sales were $18.5 billion. It
has offices or operations in 18 countries, with customers worldwide.
Weyerhaeuser is principally engaged in the growing and harvesting of timber;
the manufacture, distribution and sale of forest products; and real estate
construction, development and related activities. Additional information
about Weyerhaeuser's businesses, products and practices is available at
www.weyerhaeuser.com.
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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.
WEYERHAEUSER COMPANY
By /s/ Steven J. Hillyard
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Its: Vice President and
Chief Accounting Officer
Date: May 19, 2003