Business Context and Reporting Period
Company: Rayonier Advanced Materials Inc.
Filing Type: Form 8-K (Current Report)
Date of Report: September 18, 2015 (Event Date); Signed September 23, 2015
Context: The Company reported the entry into a material definitive agreement involving an amendment to a long-standing supply contract.
Key Financial Metrics
This filing is a current report regarding a contractual agreement and does not contain financial statements, revenue figures, profit margins, cash flow data, debt levels, or liquidity metrics. The filing text does not provide a clear value for any financial performance indicators.
Material Changes and Agreements
- Agreement: Amendment to Chemical Cellulose Agreement.
- Parties: Rayonier A.M. Sales and Technology Inc. (RYST, a subsidiary) and Nantong Cellulose Fibers Co., Ltd. ("Nantong").
- Effective Date: January 1, 2016.
- Background: Amends the original Cellulose Specialties Agreement dated January 1, 2012.
- Confidentiality: The Company has requested confidential treatment under Rule 24b-2 to redact specific portions of the Amendment. A redacted copy is attached as Exhibit 10.1.
Guidance, Outlook, and Management Commentary
The filing references a press release issued on September 23, 2015, titled "Rayonier Advanced Materials Announces Major Contract Extension" (Exhibit 99.1). The filing itself does not provide specific forward-looking guidance, quantitative outlook, or detailed management commentary regarding the financial impact of the amendment beyond the description of the agreement.
Investor Verification Checklist
- Review the redacted Exhibit 10.1 to understand the scope of the redacted terms.
- Read the full text of the September 23, 2015 press release (Exhibit 99.1) for details on the "Major Contract Extension."
- Verify the strategic importance of the Nantong relationship to the Company's cellulose specialties segment.
- Monitor future filings for the unredacted terms if the confidential treatment request is denied or expires.