<SEC-DOCUMENT>0001157523-17-002628.txt : 20171003
<SEC-HEADER>0001157523-17-002628.hdr.sgml : 20171003
<ACCEPTANCE-DATETIME>20171003172637
ACCESSION NUMBER:		0001157523-17-002628
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20171003
ITEM INFORMATION:		Results of Operations and Financial Condition
ITEM INFORMATION:		Financial Statements and Exhibits
FILED AS OF DATE:		20171003
DATE AS OF CHANGE:		20171003

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			Clearwater Paper Corp
		CENTRAL INDEX KEY:			0001441236
		STANDARD INDUSTRIAL CLASSIFICATION:	PAPERBOARD MILLS [2631]
		IRS NUMBER:				203594554
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34146
		FILM NUMBER:		171119282

	BUSINESS ADDRESS:	
		STREET 1:		601 WEST RIVERSIDE AVENUE
		STREET 2:		SUITE 1100
		CITY:			SPOKANE
		STATE:			WA
		ZIP:			99201
		BUSINESS PHONE:		509.344.5900

	MAIL ADDRESS:	
		STREET 1:		601 WEST RIVERSIDE AVENUE
		STREET 2:		SUITE 1100
		CITY:			SPOKANE
		STATE:			WA
		ZIP:			99201

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Potlatch Forest Products CORP
		DATE OF NAME CHANGE:	20080728
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>a51693842.htm
<DESCRIPTION>CLEARWATER PAPER CORPORATION
<TEXT>
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    <p>

    </p>
    <hr style="color: #000000; height: 1.0 pt; text-align: center; width: 100%">


    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 18pt"><b>UNITED
      STATES</b></font><b><font style="font-family: Times New Roman; font-size: 18pt"><br style="font-family: Times New Roman; font-size: 18pt"></font><font style="font-family: Times New Roman; font-size: 18pt">SECURITIES
      AND EXCHANGE COMMISSION</font></b><br><b>Washington, D.C. 20549</b><br>
    </p>
    <hr style="color: #000000; height: 1.0 pt; text-align: center; width: 25%">


    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 18pt"><b>FORM 8-K</b></font><br>
    </p>
    <hr style="color: #000000; height: 1.0 pt; text-align: center; width: 25%">


    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>CURRENT
      REPORT</b></font><br><br><b>Pursuant to Section 13 or 15(d) of the</b><br><b>Securities
      Exchange Act of 1934</b><br><br><b>Date of Report (Date of earliest
      event reported): <font style="font-family: Times New Roman; font-size: 10pt">October
      3, 2017</font></b><br>
    </p>
    <hr style="color: #000000; height: 1.0 pt; text-align: center; width: 25%">


    <p style="text-align: center">
      <font style="font-size: 20pt"><b>CLEARWATER PAPER CORPORATION</b></font><br><font style="font-family: Times New Roman; font-size: 10pt"><b>(Exact
      name of registrant as specified in its charter)</b></font><br>
    </p>
    <hr style="color: #000000; height: 1.0 pt; text-align: center; width: 25%">

<div style="text-align:left">

    <table cellspacing="0" style="font-family: Times New Roman; width: 100%; font-size: 10pt; margin-bottom: 10.0px">
      <tr>
        <td style="width: 33%; text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Delaware</b>
          </p>
        </td>
        <td style="width: 34%; text-align: center; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>001-34146</b>
          </p>
        </td>
        <td style="width: 33%; text-align: center; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>20-3594554</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 33%; text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(State or other jurisdiction</b><br><b>of incorporation)</b>
          </p>
        </td>
        <td style="width: 34%; text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(Commission File Number)</b>
          </p>
        </td>
        <td style="width: 33%; text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(IRS Employer</b><br><b>Identification No.)</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
<div style="text-align:left">
    <table cellspacing="0" style="font-family: Times New Roman; width: 100%; font-size: 10pt; margin-bottom: 10.0px">
      <tr>
        <td style="width: 20%">
          &#160;
        </td>
        <td style="width: 47%; text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>601 West Riverside Ave., Suite 1100</b>
          </p>
        </td>
        <td style="width: 33%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 20%">

        </td>
        <td style="width: 47%; text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>Spokane, WA</b>
          </p>
        </td>
        <td style="width: 33%; text-align: left; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>&#160;&#160;&#160;&#160;&#160;99201</b>
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 20%">

        </td>
        <td style="width: 47%; text-align: center; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>(Address of principal executive offices)</b>
          </p>
        </td>
        <td style="width: 33%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <b>&#160;&#160;&#160;(Zip Code)</b>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p style="text-align: center">
      <b>Registrant&#8217;s telephone number, including area code:&#160;&#160;(509) 344-5900</b><br><br>
    </p>
    <p style="text-align: center">
      <b>Not Applicable </b><br><b>(Former Name or Former Address, if Changed
      Since Last Report)</b>
    </p>
    <hr style="width: 20%; text-align: center; color: #000000; height: 1.0 pt">


    <p>
      <font style="font-family: Times New Roman; font-size: 10pt">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:</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Written
      communications pursuant to Rule 425 under the Securities Act (17 CFR
      230.425)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Soliciting
      material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
      240.14a-12)</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
      240.14d-2(b))</font>
    </p>
    <p>
      <font style="font-family: Arial Unicode MS; font-size: 10pt">&#8414;</font>
      <font style="font-family: Times New Roman; font-size: 10pt">Pre-commencement
      communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
      240.13e-4(c))</font><br><br>Indicate by check mark whether the
      registrant is an emerging growth company as defined in as defined in
      Rule 405 of the Securities Act of 1933 (&#167; 230.405 of this chapter) or
      Rule 12b-2 of the Securities Exchange Act of 1934 (&#167; 240.12b-2 of this
      chapter).
    </p>
    <p>
      Emerging growth company&#160;<font style="font-family: Arial Unicode MS; font-size: 12pt">&#8414;</font>
    </p>
    <p>
      If an emerging growth company, indicate by check mark if the registrant
      has elected not to use the extended transition period for complying with
      any new or revised financial accounting standards provided pursuant to
      Section 13(a) of the Exchange Act.&#160;<font style="font-family: Arial Unicode MS; font-size: 12pt">&#8414;</font>
    </p>
    <hr style="width: 100%; text-align: center; color: #000000; height: 1.5 pt">


    <p>

    </p>
    <div style="width: 100%; margin-right: 0pt; text-indent: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p style="white-space: nowrap">
      <b>Item 2.02.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Results of Operations and Financial Condition.</b>
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">
      On October 3, 2017, Clearwater Paper Corporation issued a press release
      describing certain factors expected to negatively impact the Company&#8217;s
      third quarter 2017 operating results.&#160;&#160;A copy of the press release
      containing this announcement is furnished as Exhibit 99.1 hereto.&#160;&#160;
    </p>
    <p style="font-size: 10pt; text-indent: 30.0px">
      The information in this Form 8-K, including Exhibit 99.1, shall not be
      deemed &#8220;filed&#8221; for purposes of Section 18 of the Securities Exchange Act
      of 1934, as amended (the &#8220;Exchange Act&#8221;), nor shall it be deemed
      incorporated by reference in any filing under the Securities Act of
      1933, as amended, or the Exchange Act, except as shall be expressly set
      forth by specific reference in such filing.&#160;&#160;
    </p>
    <p style="white-space: nowrap">
      <b>Item 9.01.&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;&#160;Financial Statements and Exhibits. </b>
    </p>
    <p>
      <i>(d) Exhibits </i>
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-family: Times New Roman; width: 100%; font-size: 10pt; margin-bottom: 10.0px">
      <tr>
        <td style="width: 14%; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Exhibit</u>
          </p>
        </td>
        <td style="width: 86%; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <u>Description</u>
          </p>
        </td>
      </tr>
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        </td>
        <td style="width: 86%">
          &#160;
        </td>
      </tr>
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        <td style="width: 14%; text-align: left; padding-left: 0.0px; white-space: nowrap; padding-right: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51693842ex99_1.htm">99.1</a>
          </p>
        </td>
        <td style="width: 86%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            <a href="a51693842ex99_1.htm">Press release issued by Clearwater
            Paper Corporation, dated October 3, 2017.</a>
          </p>
        </td>
      </tr>
    </table>
    </div>
    <div style="width: 100%; margin-right: 0pt; text-indent: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>

    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 10pt"><b>SIGNATURES</b></font>
    </p>
    <p style="text-align: center">

    </p>
    <p style="text-align: left; text-indent: 30.0px">
      Pursuant to the requirements of the Securities Exchange Act of 1934, the
      registrant has duly caused this report to be signed on its behalf by the
      undersigned hereunto duly authorized.<br><br>
    </p>
<div style="text-align:left">
    <table cellspacing="0" style="font-family: Times New Roman; width: 100%; font-size: 10pt; margin-bottom: 10.0px">
      <tr>
        <td style="width: 9%">
          &#160;
        </td>
        <td style="width: 5%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Date:
          </p>
        </td>
        <td style="width: 36%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            October 3, 2017
          </p>
        </td>
        <td style="width: 2%">

        </td>
        <td style="width: 4%">
          &#160;
        </td>
        <td style="width: 44%">

        </td>
      </tr>
      <tr>
        <td style="width: 9%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 36%">

        </td>
        <td style="width: 2%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 44%">
          &#160;
        </td>
      </tr>
      <tr>
        <td style="width: 9%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 36%">

        </td>
        <td style="width: 2%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="text-align: left; padding-left: 0.0px" valign="top" colspan="2">
          <p style="margin-top: 0px; margin-bottom: 0px">
            CLEARWATER PAPER CORPORATION
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 9%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 36%">

        </td>
        <td style="width: 2%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 44%">

        </td>
      </tr>
      <tr>
        <td style="width: 9%">

        </td>
        <td style="width: 5%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 36%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 2%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            &#160;
          </p>
        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 44%">

        </td>
      </tr>
      <tr>
        <td style="width: 9%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 36%">

        </td>
        <td style="width: 2%; text-align: left; padding-left: 0.0px; padding-bottom: 2.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            By:
          </p>
        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 44%; text-align: left; padding-left: 0.0px; border-bottom-color: black; border-bottom-width: 1.0pt; border-bottom-style: solid" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            /s/ Michael S. Gadd
          </p>
        </td>
      </tr>
      <tr>
        <td style="width: 9%">

        </td>
        <td style="width: 5%">

        </td>
        <td style="width: 36%">

        </td>
        <td style="width: 2%">

        </td>
        <td style="width: 4%">

        </td>
        <td style="width: 44%; text-align: left; padding-left: 0.0px" valign="top">
          <p style="margin-top: 0px; margin-bottom: 0px">
            Michael S. Gadd, Corporate Secretary
          </p>
        </td>
      </tr>
    </table>
    </div>
    <p>

    </p>
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<DOCUMENT>
<TYPE>EX-99.1
<SEQUENCE>2
<FILENAME>a51693842ex99_1.htm
<DESCRIPTION>EXHIBIT 99.1
<TEXT>
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    <title></title>
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    <p style="text-align: right">
      <b>Exhibit 99.1</b>
    </p>
    <p style="text-align: center">
      <font style="font-family: Times New Roman; font-size: 12pt"><b>Clearwater
      Paper Provides an Update of Impacts to Third Quarter Results and
      Availability and Timing of Third Quarter 2017 Earnings Conference Call
      and Webcast</b></font>
    </p>
    <p>
      SPOKANE, Wash.--(BUSINESS WIRE)--October 3, 2017--<b>Clearwater Paper
      Corporation (NYSE: CLW) </b>today provided an update on certain factors
      that are expected to negatively impact operating results for the third
      quarter of 2017 by approximately $8 to $9 million, based on preliminary
      results. The company is currently in the process of completing its
      financial closing procedures for the third quarter of 2017 and will
      report final results for the quarter on October 19, 2017.
    </p>
    <p>
      Several factors are expected to negatively impact the company&#8217;s prior
      outlook for the third quarter. The planned major maintenance outage at
      the Lewiston, Idaho, mill is expected to cost an incremental $3 to $4
      million as a result of higher than expected repair costs and lost
      production due to a three-day delay in the startup of the paper
      machines. However, the delay did not impact the new continuous pulp
      digester, which commenced start-up as scheduled at the end of the third
      quarter. Inclement weather caused by hurricanes in the Southeast delayed
      shipments to customers and contributed to higher transportation expenses
      and reduced revenues with a net impact totaling approximately $2
      million. The expected relief in rising pulp prices in the latter half of
      the quarter did not materialize contributing to approximately $2 million
      of incremental expenses. Also, lower than expected case shipments of
      consumer products and lower converted paperboard shipment volumes are
      expected to negatively impact results by approximately $1 million.
    </p>
    <p>
      &#8220;Although we are disappointed with the expected negative impact to our
      third quarter results, we remain confident in our long-term plan to
      improve operating efficiencies and lower costs,&#8221; said Linda Massman,
      president and chief executive officer.
    </p>
    <div style="width: 100%; margin-right: 0pt; text-indent: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>Third Quarter 2017 Earnings Release and Conference Call</b>
    </p>
    <p>
      Clearwater Paper expects to release its 2017 third quarter earnings on
      Thursday, October 19, 2017, after the market close. Clearwater Paper
      management will host a live conference call to discuss the earnings
      release, the results of operations, and other matters after its earnings
      press release on Thursday, October 19, 2017, at 2:00 pm Pacific Daylight
      Time.
    </p>
    <p>
      <b>Webcast</b>
    </p>
    <p>
      The webcast and presentation slides, which will provide certain outlook
      information, can be accessed at Clearwater Paper&#8217;s website: <u>http://ir.clearwaterpaper.com</u>
    </p>
    <p>
      <b>Replay Information</b>
    </p>
    <p>
      A replay of the webcast will be available until October 19, 2018 at
      Clearwater Paper&#8217;s website: <u>http://ir.clearwaterpaper.com/results.cfm</u>
    </p>
    <p>
      <b>ABOUT CLEARWATER PAPER</b>
    </p>
    <p>
      Clearwater Paper manufactures quality consumer tissue, away-from-home
      tissue, parent roll tissue, bleached paperboard and pulp at
      manufacturing facilities across the nation. The company is a premier
      supplier of private label tissue to major retailers and wholesale
      distributors, including grocery, drug, mass merchants and discount
      stores. In addition, the company produces bleached paperboard used by
      quality-conscious printers and packaging converters, and offers services
      that include custom sheeting, slitting and cutting. Clearwater Paper's
      employees build shareholder value by developing strong customer
      partnerships through quality and service.
    </p>
    <div style="width: 100%; margin-right: 0pt; text-indent: 0pt; margin-bottom: 10pt; margin-left: 0pt">
      <div>
        <div style="text-align: left">

        </div>
      </div>
      <div style="page-break-after: always">
        <div style="text-align: center">

        </div>
        <div style="text-align: center">
          <hr style="color: black; height: 1.5pt">

        </div>
      </div>
      <div>
        <div style="text-align: right">

        </div>
      </div>
    </div>
    <p>
      <b>FORWARD-LOOKING STATEMENTS</b>
    </p>
    <p>
      This press release contains certain forward-looking statements within
      the meaning of the Private Securities Litigation Reform Act of 1995 as
      amended, including statements regarding the company&#8217;s expected third
      quarter 2017 financial results, as well as the company&#8217;s long term plan
      to improve operating efficiencies and lower costs. These forward-looking
      statements are based on current expectations, estimates, assumptions and
      projections that are subject to change, and actual results may differ
      materially from the forward-looking statements. The expected financial
      results for the third quarter 2017 are preliminary and subject to
      completion of our financial closing procedures. Factors that could cause
      actual results to differ materially include, but are not limited to, the
      company's ability to execute on its growth and expansion strategies;
      unanticipated construction delays involving the company's planned new
      tissue manufacturing operations in Shelby, NC; competitive pricing
      pressures for the company's products, including as a result of increased
      capacity as additional manufacturing facilities are operated by the
      company's competitors; customer acceptance and timing and quantity of
      purchases of the company's tissue products, including the existence of
      sufficient demand for and the quality of tissue produced at the
      company's recently announced Shelby facility expansion when it becomes
      operational; changes in the U.S. and international economies and in
      general economic conditions in the regions and industries in which the
      company operates; the loss of or changes in prices in regards to a
      significant customer; the company's ability to successfully implement
      its operational efficiencies and cost savings strategies; changes in
      customer product preferences and competitors' product offerings;
      manufacturing or operating disruptions, including IT system and IT
      system implementation failures, equipment malfunction and damage to the
      company's manufacturing facilities; changes in transportation costs and
      disruptions in transportation services; changes in the cost and
      availability of wood fiber and wood pulp; labor disruptions; cyclical
      industry conditions; changes in costs for and availability of packaging
      supplies, chemicals, energy and maintenance and repairs; environmental
      liabilities or expenditures; the company&#8217;s ability to realize the
      expected benefits of its Manchester Industries acquisition; changes in
      expenses and required contributions associated with the company's
      pension plans; cyber-security risks; reliance on a limited number of
      third-party suppliers for raw materials; the company&#8217;s inability to
      service its debt obligations; restrictions on the company&#8217;s business
      from debt covenants and terms; changes in laws, regulations or industry
      standards affecting the company&#8217;s business; and other risks and
      uncertainties described from time to time in the company's public
      filings with the Securities and Exchange Commission, including its
      Annual Report on Form 10-K for the year ended December 31, 2016. The
      forward-looking statements are made as of the date of this press release
      and the company does not undertake to update any forward-looking
      statements based on new developments or changes in the company's
      expectations.
    </p>
    <p style="text-align: center">
      <i><b>For additional information on Clearwater Paper, please visit our
      website at <u>www.clearwaterpaper.com</u>.</b></i>
    </p>
    <p style="text-align: center">

    </p>
    <p>
      CONTACT:<br>Clearwater Paper Corporation<br><b>Investor Contact:</b><br>Robin
      S. Yim, 509-344-5906<br>Vice President, Investor Relations<br><u>robin.yim@clearwaterpaper.com</u><br>or<br><b>News
      Media Contact:</b><br>Matt Van Vleet, 509-344-5912<br>Vice President,
      Public Affairs<br><u>matt.vanvleet@clearwaterpaper.com</u>
    </p>
    <p>

    </p>
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