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) November 30, 2009
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Tredegar
Corporation
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(Exact
Name of Registrant as Specified in its
Charter)
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Virginia
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1-10258
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54-1497771
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(State
or Other Jurisdiction of Incorporation)
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(Commission
File Number)
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(IRS
Employer Identification No.)
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1100 Boulders
Parkway
Richmond,
Virginia
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23225
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant's
telephone number, including area code: (804)
330-1000
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Not
applicable
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(Former
name or former address, if changed since last
report)
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Check the
appropriate box below if the Form 8-K filing is intended to simultaneously
satisfy the filing obligation of the registrant under any of the following
provisions (see General Instruction A.2. below):
¨ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
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¨
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Soliciting
material pursuant to Rule 14a-12 under the Exchange
Act
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(17
CFR 240.14a-12)
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¨
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Pre-commencement
communications pursuant to Rule 14d-2(b) under the
Exchange
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Act
(17 CFR 240.14d-2(b))
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¨
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Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange
Act
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(17 CFR 240.13e-4(c))
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Item
5.02.
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Departure
of Directors or Certain Officers; Election of Directors; Appointment of
Certain Officers; Compensatory Arrangements of Certain
Officers.
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On
November 30, 2009, Tredegar Corporation (the “Company”) announced that John D.
Gottwald plans to retire as the Company’s President and Chief Executive Officer,
effective as of January 31, 2010. The Company also announced that
Nancy M. Taylor, who currently serves as Executive Vice President of the Company
and President of Tredegar Film Products Corporation, has been appointed by the
Company’s Board of Directors to be the Company’s President and Chief Executive
Officer, effective as of January 31, 2010. A copy of the press
release issued by the Company on November 30, 2009 is attached hereto as Exhibit
99.1 and incorporated herein by reference.
Ms.
Taylor, 49, was appointed Executive Vice President of the Company effective
January 1, 2009. She was elected President of Tredegar Film Products
Corporation effective April 5, 2005. Ms. Taylor served as Senior Vice
President, Strategy and Special Projects of the Company from November 1, 2004
until April 5, 2005. Ms. Taylor served as Managing Director, European
Operations, of Tredegar Film Products Corporation from January 1, 2003 until
November 1, 2004. Ms. Taylor served as Vice President, Administration
and Corporate Development of the Company from September 10, 2001 until February
12, 2003. Ms. Taylor served as the Company’s Secretary from February
24, 1994 until February 12, 2003. She served as Vice President, Law
of the Company from November 18, 1998 until September 10, 2001, and served as
the Company’s General Counsel from May 22, 1997 until July 25,
2000. Ms. Taylor joined the Company as Assistant General Counsel in
1991.
Item
9.01 Financial
Statements and Exhibits.
(d)
Exhibits.
99.1 Press
release issued by the Company on November 30, 2009.
SIGNATURE
Pursuant
to the requirements of the Securities Exchange Act of 1934, the Registrant has
duly caused this report to be signed on its behalf by the undersigned hereunto
duly authorized.
Date: December
2, 2009
TREDEGAR
CORPORATION
By: /s/ A. Brent
King
A. Brent King
Vice President, General Counsel and
Secretary
EXHIBIT
INDEX
Exhibit
Number Exhibit
Exhibit
99.1
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Tredegar
Corporation
Corporate Communications 1100
Boulders Parkway
Richmond,
Virginia 23225
E-mail:
invest@tredegar.com
Web
Site: www.tredegar.com
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Contact:
D. Andrew Edwards Phone:
804/330-1041
Fax:
804/330-1177
E-mail:
daedward@tredegar.com
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FOR
IMMEDIATE RELEASE
JOHN
D. GOTTWALD RETIRING AS TREDEGAR PRESIDENT AND CEO, NANCY M. TAYLOR APPOINTED AS
SUCCESSOR
RICHMOND,
Va., Nov. 30, 2009 -- Tredegar Corporation (NYSE:TG) announced that John D.
Gottwald plans to retire as Tredegar’s president and chief executive
officer. Mr. Gottwald, 55, joined Tredegar in 1989 and served as
president and chief executive officer from 1989 to 2001 and from 2006 to the
present. He will continue to serve as a member of Tredegar’s board of
directors and its executive committee.
Tredegar’s
board of directors has appointed Nancy M. Taylor to succeed Mr. Gottwald as
Tredegar’s president and chief executive officer. Ms. Taylor, 49,
currently serves as executive vice president of Tredegar and as president of its
largest operating division, Tredegar Film Products. Ms. Monica
Moretti, 40, currently vice president and general manager, Consumer Care, of
Tredegar Film Products, will be promoted to president of Tredegar Film Products,
replacing Ms. Taylor. All changes were approved by Tredegar’s board
of directors today and will be effective January 31, 2010.
Mr.
Gottwald said: “I want to thank the board of directors for the
privilege of serving the company and all the employees who have dedicated
themselves to the company.”
Mr.
Richard L. Morrill, chairman of the board of directors of Tredegar,
said: “We congratulate John on his retirement and are thankful to
have his continued service on the board of directors. We are
fortunate to have Nancy Taylor as John’s successor. Nancy brings
extraordinary talent, vision and experience to her new position. She
has worked tirelessly for the company in various roles and her experience in
leading Tredegar Film Products and her strategic contributions as executive vice
president of the company give the Board of Directors the utmost confidence in
her. Nancy’s many accomplishments in leading Tredegar Film Products
include improving its financial performance and strengthening its leadership
team and its customer relationships. We believe that Nancy’s
selection evidences the strength of the company’s succession planning
process.”
Ms.
Taylor said: “It is an honor to follow John as the president and
chief executive officer of Tredegar. I’m delighted to have the
opportunity to lead Tredegar and I’m looking forward to building on the strong
foundation we have created over the years.” Regarding Ms. Moretti’s
appointment as
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GOTTWALD RETIRING, page 2
president
of Tredegar Film Products, Ms. Taylor said: “Monica has made
significant contributions to Tredegar Film Products and I am extremely pleased
to announce her new role with the company.”
Mr.
Gottwald joined Tredegar in 1989 as president and chief executive officer and
served in such role until 2001. In 2001, he was elected chairman of
the board of directors and served Tredegar in such capacity until
2006. In 2006, Mr. Gottwald was again appointed as the company’s
president and chief executive officer. Prior to joining Tredegar, he
was vice president of aluminum, plastics and energy at Ethyl
Corporation. Mr. Gottwald has served on Tredegar’s board since
1989. He received a B.A. degree from Washington & Lee University
and an M.B.A. from the University of Richmond.
Ms.
Taylor joined Tredegar in 1991 as assistant general counsel and was named
general counsel in 1997 and appointed vice president, law in
1998. She was named vice president, administration and corporate
development in 2001. In early 2003, Ms. Taylor became managing
director, Europe, for Tredegar Film Products, where she was responsible for all
film operations in Europe. Ms. Taylor returned to Richmond at the end
of 2004 after being named senior vice president for strategy and special
projects. In 2005, she became president of Tredegar Film Products,
and in 2009 she was appointed executive vice president of
Tredegar. Ms. Taylor received a B.A. degree from College of the Holy
Cross and a law degree from Catholic University of America.
Ms.
Moretti joined Tredegar Film Products in early 2008 as its general manager,
Hygienics. In late 2008, she was promoted to divisional vice
president and general manager, Consumer Care. Prior to joining
Tredegar Film Products, Ms. Moretti had global sales and marketing management
responsibilities with multi-national manufacturing companies. Ms.
Moretti received a business administration degree from Universita’ di Pavia in
Italy.
Based in
Richmond, Va., Tredegar Corporation is a global manufacturer of plastic films
and aluminum extrusions.
FORWARD-LOOKING
AND CAUTIONARY STATEMENTS
"Safe
Harbor" Statement under the Private Securities Litigation Reform Act of
1995:
This news
release may contain "forward-looking statements" regarding Tredegar
Corporation's business. These statements are not historical facts,
but statements that involve risks and uncertainties. Actual results
could differ materially from those included in these forward-looking
statements. For a discussion of such risks and uncertainties, see
"Forward-looking and Cautionary Statements" in the company's Annual Report on
Form 10-K for the most recently ended fiscal year.
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