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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)
September 8, 2014
RAYONIER ADVANCED MATERIALS INC.
COMMISSION FILE NUMBER 001-36285
Incorporated in the State of Delaware
I.R.S. Employer Identification Number 46-4559529
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:
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))


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RAYONIER ADVANCED MATERIALS INC.
TABLE OF CONTENTS
 
 
  
 
  
PAGE
Item 5.02.
  
  
Item 9.01.
  
  
 
  
  
 
  
  


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ITEM 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

O n September 8, 2014, Rayonier Advanced Materials Inc. (the “Company”) announced that Jack M. Kriesel, Senior Vice President, Advanced Materials, will retire from the Company effective December 31, 2014. Mr. Kriesel, who joined the Company’s predecessor in 1978, has held a series of senior roles during his 36-year tenure, and has been in his current position since 2009.
In connection with Mr. Kriesel’s retirement and in recognition of his many years of dedicated service, the Company has agreed that upon his retirement, Mr. Kriesel will be eligible to receive a cash incentive bonus for his 2014 service of $500,000, payable in the first week of 2015. Payment of this bonus is subject to the approval of the Compensation and Management Development Committee of the Company’s Board of Directors.
There are no family relationships among any of the Company’s directors, executive officers and Mr. Kriesel. There are no related party transactions between the Company and Mr. Kriesel that are reportable under Item 404(a) of Regulation S-K.
A copy of the press release announcing Mr. Kriesel’s retirement is attached hereto as Exhibit 99.1.


 
ITEM 9.01.
Financial Statements and Exhibits.
(d)
Exhibits.
 
99.1

  
Press release dated September 8, 2014


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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of l934, the registrant has duly caused this Report to be signed on its behalf by the undersigned hereunto duly authorized.
 
 
RAYONIER ADVANCED MATERIALS INC. (Registrant)
 
 
 
BY:
 
/s/ BENSON K. WOO
 
 
Benson K. Woo
 
 
Senior Vice President and Chief Financial Officer
 
 
 


September 8, 2014


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EXHIBIT INDEX
EXHIBIT NO.
 
DESCRIPTION
 
LOCATION
99.1
 
Press release dated September 8, 2014
 
Filed herewith


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Exhibit 99.1










 
For Immediate Release
News Release

Contacts:
Media        Russell Schweiss        904-357-9158
Investors    Beth Johnson            904-357-9136            

Jack Kriesel to Retire from Rayonier Advanced Materials
Concludes 36-year Career with the Company

JACKSONVILLE, Fla., September 8, 2014 – Rayonier Advanced Materials (NYSE:RYAM) ) today announced that after more than 36 years with the company, Jack Kriesel, Senior Vice President, Advanced Materials plans to retire effective December 31. Kriesel, who has held his position since 2009, served in various leadership roles within the company over a course of more than three decades. Those positions included general manager positions at both of Rayonier Advanced Materials’ current manufacturing facilities.

“For more than three decades, Jack has delivered value to our shareholders and, under his guidance, our Performance Fibers business has become the benchmark in quality and achieved clear market leadership,” said Paul Boynton, Chairman, President and CEO of Rayonier Advanced Materials. “We appreciate his tireless service and wish him well in his retirement.”

Kriesel joined the company in 1978 as a process engineer at the former Port Angeles, Washington plant. He held several operations and marketing positions before becoming general manager of the Fernandina plant in 1996. He later became general manager of Rayonier Advanced Materials’Jesup plant in 2000 and was elected vice president in 2001. He assumed his current duties in 2009.





CORPORATE HEADQUARTERS
1301 Riverplace Boulevard Suite 2300 Jacksonville, FL 32207
904.357.4600 fax 904.357.9101 www.RayonierAM.com

Exhibit 99.1


About Rayonier Advanced Materials
Rayonier Advanced Materials is the leading global supplier of high-purity, cellulose specialties products, a natural polymer for the chemical industry. Working closely with its customers, the company engineers natural polymeric chemical chains to create dozens of customized high-purity performance fibers at its plants in Florida and Georgia. Rayonier Advanced Materials’ intellectual property and manufacturing processes have been developed over 85 years, resulting in unique properties and very high quality and consistency. The company’s facilities can produce up to 675,000 metric tons of cellulose specialties products for use in a wide range of industrial and consumer products such as filters, cosmetics and pharmaceuticals. Rayonier Advanced Materials is consistently ranked among the nation’s top 50 exporters and delivers products to 79 ports around the world, serving customers in 20 countries across five continents.

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CORPORATE HEADQUARTERS
1301 Riverplace Boulevard Suite 2300 Jacksonville, FL 32207
904.357.4600 fax 904.357.9101 www.RayonierAM.com