ryam-20210112False000159767200015976722021-01-122021-01-12
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)
January 12, 2021
COMMISSION FILE NUMBER 001-36285
Incorporated in the State of Delaware
I.R.S. Employer Identification Number 46-4559529
Rayonier Advanced Materials Inc.
1301 Riverplace Boulevard, Jacksonville, Florida 32207
(Principal Executive Office)
Telephone Number: (904) 357-4600
Check the appropriate box below if the form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:
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| ☐ | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) |
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| ☐ | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
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| ☐ | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
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| ☐ | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act: | | | | | | | | |
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
| Common Stock, $0.01 par value | RYAM | The New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act ☐
Rayonier Advanced Materials Inc.
Table of Contents
On January 12, 2021, Rayonier Advanced Materials Inc. (the “Company”) announced that Frank A. Ruperto, the Company’s current Executive Vice President, High Purity and High Yield Cellulose Business will resign effective January 22, 2021. A copy of the press release announcing Mr. Ruperto’s resignation is furnished as Exhibit 99.1 to this Current Report.
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| Item 9.01 |
Financial Statements and Exhibits |
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| 99.1 | | | Rayonier Advanced Materials Announces Interim Management Changes in its High Purity Cellulose and Pulp Businesses |
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 hereunto duly authorized.
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| | Rayonier Advanced Materials Inc. (Registrant) | |
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| BY: | | /s/ Richard Colby Slaughter | |
| | Richard Colby Slaughter | |
| | Vice President, General Counsel and Corporate Secretary | |
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January 12, 2021
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| Exhibit No. | | Description | | Location |
| | Rayonier Advanced Materials Announces Interim Management Changes in its High Purity Cellulose and Pulp Businesses | | Furnished herewith |
| 104 | | The cover page from this Current Report on Form 8-K, formatted as Inline XBRL. | | |
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Contacts: | | |
| Media | Ryan Houck | 904-357-9134 |
Investors | Mickey Walsh | 904-357-9162 |
Rayonier Advanced Materials Announces Interim Management Changes in its High Purity Cellulose and Pulp Businesses
•Dr. Christoph Koenig, Vice President of Global Sales, High Purity Cellulose, will assume responsibility for High Purity Cellulose sales
•Tomas Fernandez, Vice President of Marketing and Commercial Excellence, will assume responsibility for marketing and customer service, sustainability, research and development, and other strategic growth initiatives
•Frank Ruperto will leave the Company effective January 22, 2021 to pursue opportunities outside the Company
JACKSONVILLE, Fla., January 12, 2021 - Rayonier Advanced Materials Inc. (NYSE:RYAM) (the “Company”) announced changes to the management structure in its High Purity Cellulose segment and Pulp business. Dr. Christoph Koenig will assume responsibility for all High Purity Cellulose sales, while Tomas Fernandez will assume responsibility for marketing and customer service, sustainability, high yield pulp and lignin sales, research and development, and other strategic growth initiatives.
Dr. Christoph Koenig and Tomas Fernandez each bring over 25 years of experience in business leadership, sales and research and development in the specialty chemical industry. Dr. Koenig joined Rayonier Advanced Materials in 2020 after a 15-year career at Albemarle, where he most recently held positions of Global Business Director and Global Sales Director in the Catalysts business unit. Prior to Albemarle, he worked for Felix Boettcher, a supplier to the printing industry in Germany. Dr. Koenig earned his PhD from University of Cologne in Organic Chemistry. Mr. Fernandez joined the Company in 2018 after working with Albemarle as the Global Business Unit Leader in their Performance Catalyst Solutions Business and for 18 years with the Dow Chemical Company. He also previously worked for W.R. Grace and Hilti. Mr. Fernandez earned his degree in Chemical Engineering from Texas A&M University and an Executive MBA from Rice University.
“Christoph and Tomas bring strong track records of leading sales and R&D in our industry. I am confident we will have a seamless transition and we will continue to provide excellent service to our customers,” said Paul Boynton, President and Chief Executive Officer. “We thank Frank for leading the High Purity Cellulose and Pulp business over the past 18 months and successfully concluding the annual Cellulose Specialties negotiations, plus his prior five years of service as our Chief Financial Officer.”
About Rayonier Advanced Materials
Rayonier Advanced Materials is a global leader of cellulose-based technologies, including high purity cellulose specialties, a natural polymer commonly found in filters, food, pharmaceuticals and other industrial applications. The Company also manufactures products for lumber, paper and packaging markets. With manufacturing operations in the U.S., Canada and France, Rayonier Advanced Materials employs just over 4,000 people and generates approximately $1.8 billion of revenues. More information is available at www.rayonieram.com.
CORPORATE HEADQUARTERS
1301 Riverplace Boulevard Suite 2300 Jacksonville, FL 32207
904.357.4600 fax 904.357.9101 www.RayonierAM.com
Forward-Looking Statements
Certain statements in this document regarding anticipated financial, business, legal or other outcomes including business and market conditions, outlook and other similar statements relating to Rayonier Advanced Materials’ future events, developments, or financial or operational performance or results, are “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are identified by the use of words such as “may,” “will,” “should,” “expect,” “estimate,” “believe,” “intend,” “forecast,” “anticipate,” “guidance,” and other similar language. However, the absence of these or similar words or expressions does not mean a statement is not forward-looking. While we believe these forward-looking statements are reasonable when made, forward-looking statements are not guarantees of future performance or events and undue reliance should not be placed on these statements. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance these expectations will be attained and it is possible actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks and uncertainties.
CORPORATE HEADQUARTERS
1301 Riverplace Boulevard Suite 2300 Jacksonville, FL 32207
904.357.4600 fax 904.357.9101 www.RayonierAM.com
