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FORM 8-K
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FiberMark, Inc. |
Delaware |
001-12865 |
82-0429330 |
(State or other jurisdiction of incorporation) |
(Commission File Number) |
(IRS Employer Identification No.) |
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FiberMark | ||
Date: March 1, 2005 |
By: |
/s/ John E. Hanley |
John E. Hanley | ||
Vice President and Chief Financial Officer |
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Exhibit No. |
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Description |
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Exhibit 99.1*
* Filed herewith
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Press Release Dated March 1, 2005 |
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Exhibit 99.1
FOR IMMEDIATE RELEASE |
Contact: |
Janice C. Warren |
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Director of Investor Relations and Corporate Communications |
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802 257 5981 |
FiberMarks Confirmation Hearing Continued until March 7 to Allow Time for Key Creditors to Resolve Inter-creditor Issues
BRATTLEBORO, Vt.March 1, 2005FiberMark, Inc., (OTCBB: FMKIQ) today announced that the confirmation hearing on its Plan of Reorganization was adjourned and continued until March 7. This continuance was designed to provide the three largest bondholders a final opportunity to resolve their remaining differences.
As outlined in its Plan of Reorganization, FiberMark expects to emerge from chapter 11 as a private company. When the Plan becomes effective, current bondholders and holders of general unsecured claims will receive a distribution in accordance with the terms of the Plan. Its currently existing common stock will be cancelled.
FiberMark, headquartered in Brattleboro, Vt., is a leading producer of specialty fiber-based materials meeting industrial and consumer needs worldwide, operating 11 facilities in the eastern United States and Europe. Products include filter media for transportation and vacuum cleaner bags; base materials for specialty tapes, electrical and graphic arts applications; wallpaper, building materials and sandpaper; and cover/decorative materials for office and school supplies, publishing, printing and premium packaging.
This document contains forward-looking statements. Actual results may differ depending on the economy and other risk factors discussed in the company's Form 10-K as filed with the SEC on March 30, 2004, which is accessible on the company's Web site at www.fibermark.com.
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