Attached files
| file | filename |
|---|---|
| EX-3.1 - EX-3.1 - WEYERHAEUSER CO | v55552exv3w1.htm |
Table of Contents
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
Securities Exchange Act of 1934
April 15, 2010
(Date of earliest event report)
WEYERHAEUSER COMPANY
(Exact name of registrant as specified in charter)
| Washington | 1-4825 | 91-0470860 | ||
| (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
(253) 924-2345
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:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
TABLE OF CONTENTS
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON D.C., 20549
WASHINGTON D.C., 20549
ITEM 7.01 REGULATION FD DISCLOSURE
James N. Sullivan has announced that he will retire from his position as a Weyerhaeuser
Company director effective as of April 15, 2010.
ITEM 5.03. AMENDMENTS TO ARTICLES OF INCORPORATION OR BYLAWS; CHANGE IN FISCAL YEAR
On April 15, 2010, the Board of Directors approved an amendment to the Weyerhaeuser Company’s
Articles of Incorporation to declassify the Board and to remove supermajority voting provisions.
The Articles of Incorporation, marked to show the changes made by the amendment, are attached as an
exhibit.
ITEM 5.07 SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
Matters voted upon and votes cast at the annual meeting of shareholders of Weyerhaeuser Company
held on Thursday, April 15, 2010, were:
The reelection of Richard Sinkfield, D. Michael Steuert, and Kim Williams to the board of
directors.
| Broker Non- | ||||||||||||||||
| For | Against | Abstain | Votes | |||||||||||||
Sinkfield |
142,314,484 | 29,057,681 | 498,943 | 18,248,722 | ||||||||||||
Steuert |
163,498,667 | 7,904,175 | 468,266 | 18,248,722 | ||||||||||||
Williams |
163,856,206 | 7,550,007 | 464,895 | 18,248,722 | ||||||||||||
| Broker | ||||||||||||||||
| For | Against | Abstain | Non-Votes | |||||||||||||
Proposal to declassify the
Board and eliminate
supermajority voting |
186,441,260 | 2,863,311 | 515,257 | 300,002 | ||||||||||||
Proposal to issue greater than
20% of the Company’s
outstanding common shares |
168,626,012 | 2,952,717 | 342,378 | 18,198,723 | ||||||||||||
Proposal to increase the number
of authorized common shares |
163,971,242 | 7,537,162 | 362,703 | 18,248,723 | ||||||||||||
Proposal to include ownership
restrictions in the Company’s
Articles |
187,060,921 | 2,404,273 | 654,636 | 0 | ||||||||||||
Proposal to allow shareholders
to call special meetings |
94,206,829 | 76,842,571 | 821,307 | 18,249,123 | ||||||||||||
Proposal on forest certification |
32,461,781 | 108,079,181 | 31,330,146 | 18,248,722 | ||||||||||||
Proposal relating to the
approval on an advisory
basis the appointment of
the independent auditors |
184,580,638 | 4,922,439 | 616,753 | 0 | ||||||||||||
Table of Contents
ITEM 5.05 AMENDMENTS TO THE REGISTRANT’S CODE OF ETHICS, OR WAIVER OF A PROVISION OF THE CODE OF
ETHICS
On April 15, 2010 the Weyerhaeuser Company board of directors approved amendments to the
company’s code of ethics. The following is a summary description of the amendments:
General Changes
| • | Arranged code topics alphabetically for ease of use. | |
| • | New introductory letter from Dan Fulton. | |
| • | Added EthicsOnline (web reporting system) contact information throughout the code. | |
| • | Added direct links to key policies referenced in the code in the intranet version. |
Ethics and Business Conduct
| • | More questions added for employees to consider when resolving ethics concerns. | |
| • | Added more information on how to submit questions or comments to the Audit Committee. | |
| • | Additions to the Business Ethics Core Policy include: |
| • | completion of New Employee Ethics Orientation | ||
| • | specific application of the code to officers and directors | ||
| • | expectation that all employees will read and understand the code | ||
| • | expectation that employees will report wrongdoing | ||
| • | compliance with applicable laws and regulations. |
Antitrust and Competition Laws
| • | Added cautions regarding communications with competitors on supply and demand conditions, and benchmarking with competitors |
Company Assets
| • | Improved examples of misuse of electronic media. | |
| • | Clarified guidance on use of the company name and endorsements. | |
| • | Described Weyerhaeuser’s policy of communicating with the media only through company spokespersons. | |
| • | Added guidance regarding legal proceedings and records preservation, including managing information throughout its entire lifecycle. |
Conflict of Interest
| • | Included a discussion about avoiding a potential conflict of interest and provided examples. | |
| • | Strengthened the preferential treatment section. |
Employment Expectations
Table of Contents
| • | Strengthened guidance regarding employees in dating relationships, including those who can influence employment decisions about each other. |
Gifts and Entertainment
| • | Combined the two sections, but retained distinct | |
| sub-sections with detailed guidance for each. | ||
| • | Added examples. | |
| • | Added guidance and examples on gifts that are acceptable and those that are not acceptable. | |
| • | Strengthened guidelines on gifts and entertainment in international business to include ensuring compliance with the FCPA policy and local anti-bribery laws. | |
| • | Added and reorganized guidance on entertainment including offering entertainment. | |
| • | Included reminder that some businesses may have more restrictive gifts and entertainment policies that employees must understand and follow. |
Government Affairs
| • | Expanded the explanation of Weyerhaeuser’s participation and involvement in the political process. |
Government Investigations, Inspections
and Requests
| • | New section on responding to requests for information by government authorities and agencies. |
Human Rights
| • | New section describing Weyerhaeuser’s human rights policy. |
Inside Information and Insider Trading Laws
| • | Added details on potential trading restrictions on spouses and others who live in an employee’s residence. |
Intellectual Property
| • | Revised and added more examples of intellectual property. | |
| • | Added guidance on consulting the Law Department before initiating any competitive intelligence efforts. |
International Business Conduct
| • | Added more guidance in the anti-bribery sub-section around government officials, agents and consultants, facilitating payments, promotional activities and company records. | |
| • | Added sub-sections with guidance on international trade, anti-money laundering, data privacy and human rights. |
Suppliers, Contractors and Customers
| • | Added language on Weyerhaeuser’s Supplier Code of Ethics. | |
| • | New sub-section added on sales and marketing promotions and included a link to sales promotions guidance on the intranet. |
Table of Contents
ITEM 9.01. FINANCIAL STATEMENTS AND EXHIBITS
(d) Exhibits
3.1 The Company’s Amended and Restated Articles of Incorporation, marked to show changes to
declassify the board and delete supermajority voting provisions.
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/ Jeanne Hillman | |||
| Its: | Vice President and | |||
| Chief Accounting Officer | ||||
Date: April 20, 2010