Last €1.81 EUR
Change Today -0.012 / -0.66%
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As of 3:00 AM 07/22/14 All times are local (Market data is delayed by at least 15 minutes).

verso paper corp (A0M) Snapshot

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01/8/14 - €3.15
52 Week Low
12/16/13 - €0.35
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Current Stock Chart for VERSO PAPER CORP (A0M)

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verso paper corp (A0M) Details

Verso Paper Corp. produces and sells coated papers in the United States. The company offers coated groundwood paper used primarily for catalogs and magazines; and coated freesheet paper used primarily for annual reports, brochures, and magazine covers. It also provides northern bleached hardwood kraft pulp that is used to manufacture printing and writing paper grades, and tissue products; recycled paper to meet specific customer requirements; and customized product solutions by producing paper grades with customer-specified weight, brightness, and pulp mix characteristics. In addition, the company offers ultra-lightweight uncoated printing papers, and ultra-lightweight coated and uncoated flexible packaging papers. It serves catalog, magazine, insert, and commercial printing markets through direct sales, brokers, merchants, and printers. Verso Paper Corp. was founded in 2006 and is headquartered in Memphis, Tennessee.

2,100 Employees
Last Reported Date: 07/11/14
Founded in 2006

verso paper corp (A0M) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $639.1K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $743.7K
Senior Vice President of Manufacturing and En...
Total Annual Compensation: $755.7K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $594.5K
Senior Vice President of Sales, Marketing & P...
Total Annual Compensation: $687.9K
Compensation as of Fiscal Year 2013.

verso paper corp (A0M) Key Developments

Verso Paper Regains Compliance With NYSE Listing Standards

On June 13, 2014, the New York Stock Exchange, or “NYSE,” notified Verso Paper Corp. that company have achieved early compliance with the NYSE’s market capitalization continued listing standard. The NYSE requires, among other things, that Verso maintain an average market capitalization over a consecutive 30 trading-day period of at least $50 million. As of the close of trading June 16, 2014, Verso’s average market capitalization over the prior 30 consecutive trading days was approximately $133 million. The NYSE stated in the notice that its decision was based on Verso’s consistent positive performance with respect to the business plan that we submitted to the NYSE in January 2014 and achievement of compliance with the NYSE’s minimum market capitalization requirement over the past two quarterly review periods. The NYSE originally had permitted Verso until February 2015 in which to regain compliance with the market capitalization continued listing standard. As a result of this development, Verso is no longer facing delisting from the NYSE.

Verso Paper Corp. to Consolidate West Chester Office and NewPage Miamisburg Office into Single Ohio Operations Center

Verso Paper Corp. announced plans to consolidate its existing West Chester office and the NewPage Miamisburg office into a single Ohio Operations Center. The Ohio Operations Center will be located in the existing Miamisburg facility shortly following the completion of Verso's pending acquisition of NewPage expected later this year. Verso's corporate headquarters will remain in Memphis, Tenn. Verso's West Chester office currently houses about 55 employees in customer-facing and Information Technology functions. The NewPage Miamisburg office is located at 8540 Gander Creek Drive, about 20 miles north of West Chester.

Verso Paper Corp. Ratifies Appointment of Deloitte & Touche LLP to Serve as Independent Registered Public Accounting Firm for the Year Ending December 31, 2014

Verso Paper Corp. announced that at the Annual Meeting of Stockholders held on May 29, 2014 approved the ratification of the appointment of Deloitte & Touche LLP to serve as Verso's independent registered public accounting firm for the year ending December 31, 2014.


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