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WY > SEC Filings for WY > Form 8-K on 4-Mar-2014All Recent SEC Filings

Show all filings for WEYERHAEUSER CO



Change in Directors or Principal Officers, Financial Statements and Exhibits

ITEM 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 28, 2014, Weyerhaeuser Company ("Weyerhaeuser" or the "Company") entered into a retention agreement with Peter M. Orser, president of Weyerhaeuser Real Estate Company ("WRECO"). WRECO is the homebuilding and real estate development business of Weyerhaeuser. As previously announced, Weyerhaeuser has entered into a Transaction Agreement, dated November 3, 2013, by and among Weyerhaeuser, WRECO, TRI Pointe Homes, Inc., a Delaware corporation ("TRI Pointe"), and Topaz Acquisition, Inc., a Washington corporation and a wholly owned subsidiary of TRI Pointe (the "Transaction Agreement"), pursuant to which WRECO will be divested through a Reverse Morris Trust transaction and ultimately become a wholly owned subsidiary of TRI Pointe (collectively, the "Transaction"). Under the retention agreement, Mr. Orser will be entitled to receive a one-time cash retention payment in the amount of $460,000 if he satisfies certain requirements, including remaining employed by WRECO through the date of closing of the Transaction. The foregoing summary of the retention agreement with Mr. Orser is qualified in its entirety by the retention agreement filed herewith as Exhibit 10.1.

ITEM 9.01. Financial Statements and Exhibits
(d) Exhibits The following item is filed as an exhibit to this report:
10.1 Retention Agreement with Peter M. Orser

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