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October 10, 2015 2:30 PM ET

Paper and Forest Products

Company Overview of Paperweight Development Corp.

Company Overview

Paperweight Development Corp., through its subsidiary, Appleton Papers Inc., manufactures and sells coated paper products in the United States and internationally. The company operates in three segments: Carbonless Papers, Thermal Papers, and Encapsys. The Carbonless Papers segment produces and sells carbonless, security, and other specialty paper products to converters, business forms printers, and merchant distributors. This segment offers carbonless roll and sheet products under the NCR PAPER brand for use in government, retail, financial, insurance, and manufacturing markets; and security papers with features that resist forgery, tampering, and counterfeiting, as well as incorporate secu...

825 East Wisconsin Avenue

PO Box 359

Appleton, WI 54912

United States

Founded in 1907

1,565 Employees



Key Executives for Paperweight Development Corp.

Chief Executive Officer and Chief Executive Officer of Appvion Inc
Age: 48
Chief Financial Officer, Senior Vice President of Finance and Treasurer
Age: 57
Senior Vice President of Administration and General Counsel
Age: 43
Manager of Corporate Communications
Senior Vice President of Human Resources of Appvion Inc
Age: 54
Compensation as of Fiscal Year 2015.

Paperweight Development Corp. Key Developments

Paperweight Development Corp. Announces Auditor Changes

On September 17, 2015, the Audit Committee of the Board of Directors of Paperweight Development Corp. approved the appointment of McGladrey LLP as the new independent registered public accounting firm of the company and its subsidiaries, including Appvion Inc., and the dismissal of PricewaterhouseCoopers LLP as the Company’s independent registered public accounting firm, each effective September 18, 2015. The appointment and dismissal was a result of a competitive bidding process involving several accounting firms, including PwC.

Paperweight Development Corp. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended April 5, 2015

Paperweight Development Corp. reported unaudited consolidated earnings results for the first quarter ended April 5, 2015. For the quarter, the company reported net sales of $195.6 million compared to $203.8 million a year ago. Operating income was $8.8 million compared to $14.5 million a year ago. Loss before income taxes was $5.7 million compared to income before income taxes of $2.1 million a year ago. Net loss was $5.8 million compared to net income of $2.0 million a year ago. Adjusted EBITDA was $19.1 million compared to $20.1 million a year ago. Current quarter operating income was adversely impacted by unfavorable pricing for thermal receipt paper due to competition from international producers.

Paperweight Development Corp. announced delayed 10-Q filing

On 11/12/2014, Paperweight Development Corp. announced that they will be unable to file their next 10-Q by the deadline required by the SEC.

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