VERSO CORPORATION (VRS) Files An 8-K Results of Operations and Financial Condition

VERSO CORPORATION (VRS) Files An 8-K Results of Operations and Financial Condition

Story continues below

Item2.02

Results of Operations and Financial
Condition.

On November 14, 2016, Verso Corporation (Verso) issued a press
release announcing its financial results for the fiscal quarter
ended September 30, 2016.

Acopy of the press release is included as Exhibit 99.1 to this
report.The press release, including the information contained
therein, is furnished to Item 2.02, is not to be considered filed
under the Securities Exchange Act of 1934, as amended, and shall
not be incorporated by reference into any of Versos previous or
future filings under the Securities Act of 1933, as amended.

Item7.01 Regulation FD Disclosure.

On November 14, 2016, Verso issued a press release announcing
that it plans to implement, beginning in January 2017, the
following three strategic initiatives designed to drive increased
efficiency in the allocation of its resources, reduce its cost of
doing business, and improve its operating and financial
performance: (a) the organization of Versos business into two
strategic business units graphic paper and specialty paper; (b)
the consolidation of its corporate offices in Memphis, Tennessee,
and Miamisburg, Ohio, into a single headquarters to be located in
Miamisburg; and (c) a project to improve the delivery of its
support services with the objective of reducing overhead expenses
by at least 10percent on an annual basis.

Acopy of the press release is included as Exhibit 99.2 to this
report.The press release, including the information contained
therein, is furnished to Item 7.01, is not to be considered filed
under the Securities Exchange Act of 1934, as amended, and shall
not be incorporated by reference into any of Versos previous or
future filings under the Securities Act of 1933, as amended.

Item9.01 Financial Statements and Exhibits.
(d) Exhibits

Exhibit Number

Description

99.1 Press release issued by Verso on November 14, 2016, regarding
its financial results.
99.2 Press release issued by Verso on November 14, 2016, regarding
its strategic initiatives.


About VERSO CORPORATION (VRS)


An ad to help with our costs