UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported) December 2, 2004
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BOWATER INCORPORATED
(Exact name of registrant as specified in its charter)
Delaware 1-8712 62-0721803
(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
55 East Camperdown Way
P.O. Box 1028
Greenville, South Carolina 29602
(Address of principal executive offices) (Zip Code)
(864) 271-7733
(Registrant's telephone number, including area code)
(Former name or former address, if changed since last report): Not applicable
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 (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act
(17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c)under the
Exchange Act (17 CFR 240.13e-4(c))
Item 5.02. Departure of Directors or Principal Officers; Election of
Directors; Appointment of Principal Officers
(c) On December 2, 2004, Bowater Incorporated issued a press release
announcing management changes, a copy of which is attached hereto as Exhibit
99.1.
(3) William G. Harvey currently has an Employment Agreement
dated as of August 1, 1998, with Bowater, which is incorporated by reference to
Exhibit 10.3 to the September 1998 10-Q. The agreement will terminate upon 30
days written notice by either party, upon Mr. Harvey's retirement or inability
to perform his duties, or for at least three years following a change in
control. The agreement provides for an annual base salary and participation in
Bowater's benefit plans. If involuntarily terminated, Mr. Harvey shall be
entitled to severance pay equal to 12 months base salary plus a pro-rated bonus
payment.
Mr. Harvey currently is also a party to a change in control
agreement with Bowater (a "CIC Agreement"), which is incorporated by reference
to Exhibit 10.3 to the September 1998 10-Q. A description of the terms of the
CIC Agreement can be found on page 21 of Bowater's 2004 Proxy Statement
dated March 22, 2004, which description is incorporated herein by reference.
SIGNATURES
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.
BOWATER INCOPORATED
(Registrant)
Date: December 7, 2004 By: /s/ David G. Maffucci
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Name: David G. Maffucci
Title: Executive Vice President
and Chief Financial Officer
EXHIBITS
99.1 Press release issued by Bowater Incorporated on December 2, 2004