Weyerhaeuser 10-K 2014-12-31

Filed 2015-02-13. 1 sections, 454K characters. Original on sec.gov · Markdown · JSON

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10-K 1 wy-123114x10k.htm 10-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 10-K

[X] ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE FISCAL YEAR ENDED DECEMBER 31, 2014

or

[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

FOR THE TRANSITION PERIOD FROM TO

COMMISSION FILE NUMBER 1-4825

WEYERHAEUSER COMPANY

A WASHINGTON CORPORATION

91-0470860

(IRS EMPLOYER IDENTIFICATION NO.)

33663 WEYERHAEUSER WAY SOUTH, FEDERAL WAY, WASHINGTON 98063-9777 TELEPHONE (253) 924-2345

SECURITIES REGISTERED PURSUANT TO SECTION 12(B) OF THE ACT:

TITLE OF EACH CLASSNAME OF EACH EXCHANGE ON WHICH REGISTERED:
Common Shares ($1.25 par value)Chicago Stock Exchange
New York Stock Exchange
6.375% Mandatory Convertible Preference Shares, Series A ($1.00 par value)New York Stock Exchange

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. [X] Yes [ ] No

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. [ ] Yes [X] No

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. [X] Yes [ ] No

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Website, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit and post such files). [X] Yes [ ] No

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405 of Regulation S-K (§ 229.405 of this chapter) is not contained herein, and will not be contained, to the best of registrant’s knowledge, in definitive proxy or information statements incorporated by reference in Part III of this Form 10-K or any amendment to this Form 10-K. [ ]

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer” and “smaller reporting company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer [X] Accelerated filer [ ] Non-accelerated filer [ ] Smaller reporting company [ ]

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). [ ] Yes [X] No

As of June 30, 2014, the aggregate market value of the registrant’s common stock held by non-affiliates of the registrant was $19.1 billion based on the closing sale price as reported on the New York Stock Exchange Composite Price Transactions.

As of January 30, 2015, 524,997,504 shares of the registrant’s common stock ($1.25 par value) were outstanding.

DOCUMENTS INCORPORATED BY REFERENCE

Portions of the Notice of 2015 Annual Meeting of Shareholders and Proxy Statement for the company’s Annual Meeting of Shareholders to be held May 22, 2015, are incorporated by reference into Part II and III.

WEYERHAEUSER COMPANY > 2014 ANNUAL REPORT AND FORM 10-K

TABLE OF CONTENTS

PART I
ITEM 1.OUR BUSINESS1
WE CAN TELL YOU MORE1
WHO WE ARE1
• REAL ESTATE INVESTMENT TRUST (REIT) ELECTION1
• OUR BUSINESS SEGMENTS1
• EFFECT OF MARKET CONDITIONS1
• COMPETITION IN OUR MARKETS2
• SALES OUTSIDE THE U.S.2
• OUR EMPLOYEES2
WHAT WE DO2
• TIMBERLANDS2
• WOOD PRODUCTS11
• CELLULOSE FIBERS14
EXECUTIVE OFFICERS OF THE REGISTRANT16
NATURAL RESOURCE AND ENVIRONMENTAL MATTERS17
• REGULATIONS AFFECTING FORESTRY PRACTICES17
• ENDANGERED SPECIES PROTECTIONS17
• FOREST CERTIFICATION STANDARDS18
• WHAT THESE REGULATIONS AND CERTIFICATION PROGRAMS MEAN TO US18
• CANADIAN ABORIGINAL RIGHTS18
• POLLUTION-CONTROL REGULATIONS18
• ENVIRONMENTAL CLEANUP19
• REGULATION OF AIR EMISSIONS IN THE U.S.19
• REGULATION OF AIR EMISSIONS IN CANADA20
• REGULATION OF AIR EMISSIONS IN POLAND AND URUGUAY20
• REGULATION OF WATER20
• POTENTIAL CHANGES IN POLLUTION REGULATION21
FORWARD-LOOKING STATEMENTS22
ITEM 1A.RISK FACTORS23
RISKS RELATED TO OUR INDUSTRIES AND BUSINESS23
• MACROECONOMIC CONDITIONS23
• COMMODITY PRODUCTS23
• INDUSTRY SUPPLY OF LOGS, WOOD PRODUCTS AND PULP23
• HOMEBUILDING MARKET AND ECONOMIC RISKS23
• CAPITAL MARKETS24
• CHANGES IN CREDIT RATINGS24
• SUBSTITUTION24
• [CHANGE

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