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RKT > SEC Filings for RKT > Form 8-K on 7-Feb-2014All Recent SEC Filings

Show all filings for ROCK-TENN CO

Form 8-K for ROCK-TENN CO


7-Feb-2014

Other Events, Financial Statements and Exhibits


Item 8.01 Other Events.

In the first quarter of fiscal 2014, we announced a realignment of our operating responsibilities and a related change to our segments for financial reporting purposes. Following the realignment, we now report our results of operations in the following four reportable segments: Corrugated Packaging, consisting of our containerboard mills and our corrugated converting operations; Consumer Packaging, consisting of our coated and uncoated paperboard mills and consumer packaging converting operations; Merchandising Displays, consisting of our display and contract packaging services; and Recycling, which consists of our recycled fiber brokerage and collection operations. The change primarily reflects the creation of a Merchandising Displays segment which was removed from the Consumer Packaging segment; the realignment of one facility from our Corrugated Packaging segment to our Merchandising Displays segment; and, we have changed the way we report net sales from our Recycling facilities to our mills. The impact of the Recycling segment net sales change is to treat the recovered paper procured for our mills as a transfer with an administrative fee which is reflected in segment sales instead of the previously reported sale transaction between the segments.

The Company is filing this Current Report on Form 8-K (the "Current Report") to reclassify historical segment information in accordance with the Company's new reportable segment structure. Exhibit 99.1 hereto updates the reportable segment information presented in the Annual Report on Form 10-K for the year ended September 30, 2013, which was filed with the Securities and Exchange Commission on November 18, 2013 (the "Annual Report on Form 10-K") only to the extent this information is impacted by the realignment of our reportable segments. The changes in the segment structure discussed above in this Current Report affect only the manner in which the results for the operating segments were previously reported. These reclassifications have no impact on the Company's previously reported consolidated statements of income, statements of comprehensive income
(loss), balance sheets, statements of cash flows and statements of equity. The information in this Current Report, including Exhibit 99.1, should be read in conjunction with the Company's Annual Report on Form 10-K.

Portions of the following items from the Annual Report on Form 10-K have been updated to reflect the revised reportable segments:

Part I, Item 1. "Business" - solely to reflect changes in the "General", "Products" and "Sales and Marketing" sections

Part I, Item 2. "Properties"

Part II, Item 7. "Management's Discussion and Analysis of Financial Condition and Results of Operations" - solely to reflect changes in "Segment and Market Information", "Results of Operations (Consolidated) - Acquisitions" and "Results of Operations (Segment Data)"

Part II, Item 8. "Financial Statements and Supplementary Data" - solely to reflect changes in "Notes to Consolidated Financial Statements", specifically, "Note 5. Acquisitions", "Note 6. Restructuring and Other Costs, Net" and "Note 17. Segment Information" as well as "Report of Independent Registered Public Accounting Firm" with an updated opinion to reflect said change to Part II, Item 8 footnote disclosures

This Current Report is being filed only for the purposes described above. All other information in the Annual Report on Form 10-K remains unchanged. This Current Report does not modify or update the disclosures in the Annual Report on Form 10-K beyond as described above, nor does it reflect any subsequent information or events.



Item 9.01. Financial Statements and Exhibits

(d) Exhibits.

23 Consent of Ernst & Young LLP, Independent Registered Public Accounting

Firm.
99.1               Part I, Item 1, "Business"; Part I, Item 2. "Properties"; Part
                   II, Item 7. "Management's Discussion and Analysis of Financial
                   Condition and Results of Operations"; and Part II, Item 8.
                   "Financial Statements and Supplementary Data" reflecting the
                   change in reportable segments.


101.INS   XBRL Instance Document.
101.SCH   XBRL Taxonomy Extension Schema.
101.CAL   XBRL Taxonomy Extension Calculation Linkbase.
101.DEF   XBRL Taxonomy Definition Label Linkbase.
101.LAB   XBRL Taxonomy Extension Label Linkbase.
101.PRE   XBRL Taxonomy Extension Presentation Linkbase.


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