BMS-2014.09.30- Form 8-K


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
 
FORM 8-K
 
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
 
Date of Report  -  October 23, 2014
(Date of earliest event reported)
 
BEMIS COMPANY, INC.
(Exact name of Registrant as specified in its charter)
 
Commission File Number 1-5277
 
Missouri
 
43-0178130
(State or other jurisdiction of
 
(I.R.S. Employer
incorporation or organization)
 
Identification No.)
 
One Neenah Center, 4th Floor, P.O. Box 669, Neenah, Wisconsin 54957-0669
(Address of principal executive offices)
 
Registrant’s telephone number, including area code:  (920) 727-4100
 
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:
 
o    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
o    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
o    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
o    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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ITEM 2.02.  RESULTS OF OPERATIONS AND FINANCIAL CONDITION
 
On October 23, 2014, Bemis Company, Inc. issued a press release containing its financial results for the third quarter ended September 30, 2014, a copy of which is furnished as Exhibit 99.1 to this report.  Earnings guidance for the balance of 2014 for Bemis Company, Inc. is included with this press release and will be available during the regular earnings release conference call scheduled for Thursday, October 23, 2014, at 11:00 a.m. (ET). Individuals may listen to the call on the Internet at www.bemis.com under “Investor Relations.”  Listeners are urged to check the website ahead of time to ensure their computers are configured for the audio stream.  Instructions for obtaining the required, free, downloadable software are available in a pre-event system test on the site.

Current and prior period financial information in the press release was recast to present discontinued operations in accordance with generally accepted accounting principles. Exhibit 99.2 to this report presents quarterly and annual financial information for fiscal 2014 and 2013 in a similar format to provide comparable information to investors.
 
Use of Non-GAAP Financial Measures
 
The documents furnished as exhibits to this report contain certain non-GAAP financial measures, including:
 
•Segment operating profit as adjusted

•Segment operating profit as adjusted as a percentage of net sales

•Diluted earnings per share as adjusted

•Net debt to adjusted EBITDA

Each of these measures excludes from the most directly comparable GAAP measures the impact of certain items.  Management believes these adjusted measures are useful to investors because they assist an investor’s understanding of the impact of these items on the comparability of the Company’s operations from year-to-year.  Excluding the impact of these items also enables investors to compare our underlying operational results and trends before other charges and income items that are considered by management as not related to the Company’s core operations.  Management uses these adjusted measures to monitor and evaluate operating performance and also for internal planning purposes.  These measures are subject to certain limitations because they do not reflect all charges, income, or other items that were actually recognized by the Company in accordance with GAAP.  As a result, investors should consider these non-GAAP measures in addition to, and not as a substitute for, or superior to, financial performance measures presented in accordance with GAAP.  In addition, these adjusted measures may not be calculated in the same manner as adjusted measures presented by other companies.
 
ITEM 9.01.  FINANCIAL STATEMENTS AND EXHIBITS
 
(d).                             The October 23, 2014, Bemis Company, Inc. press release for the third quarter ended September 30, 2014, is furnished as Exhibit 99.1 to this report.

Exhibit 99.2 provides recast financial information for certain periods to present discontinued operations.


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SIGNATURES
 
Pursuant to the requirements of Section 13 of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
 
 
 
 
BEMIS COMPANY, INC.
 
 
 
 
 
 
 
 
 
By
/s/ Jerry S. Krempa
 
 
Jerry S. Krempa, Vice President and Controller
 
 
 
 
 
 
Date 
October 23, 2014
 
 
 
 
 

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