Business Context and Reporting Period
Company: Graphic Packaging Holding Company
Filing Type: Form 8-K (Current Report)
Date of Report: May 20, 2009
Event Date: May 20, 2009 (IRS Notification); May 21, 2009 (Refund Filing)
Key Financial Metrics
This filing does not report standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity. The filing focuses exclusively on a specific tax credit event.
- Tax Credit Refund Filed: $42.1 million
- Source of Credit: Use of liquid fuel derived from biomass
- Facilities Involved: West Monroe, Louisiana and Macon, Georgia mills
- Period Covered: Through May 17, 2009
Material Changes
The filing reports a material event regarding regulatory approval and a subsequent financial claim:
- Regulatory Approval: On May 20, 2009, the subsidiary Graphic Packaging International, Inc. received IRS approval for its registration as an alternative fuel mixer.
- Financial Claim: On May 21, 2009, the Company filed for a tax credit refund of $42.1 million based on the approved status.
Guidance, Outlook, and Risks
The filing contains no management guidance, future outlook, or discussion of risks and contingencies beyond the specific event of the tax credit filing. The filing does not provide a clear value for the probability of the refund's approval or the timing of receipt.
Investor Verification Checklist
- Verify the status of the $42.1 million tax credit refund claim with the IRS.
- Confirm the operational status of the West Monroe, Louisiana and Macon, Georgia mills regarding biomass fuel usage.
- Review subsequent filings to determine if the refund was received or if the amount was adjusted.