þ | QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
o | TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
Delaware
(State or other jurisdiction of incorporation or organization) |
26-0405422
(I.R.S. employer identification no.) |
|
814 Livingston Court
Marietta, Georgia (Address of principal executive offices) |
30067
(Zip Code) |
Large accelerated filer o | Accelerated filer þ | Non-accelerated filer o | Smaller reporting company o | |||
(Do not check if a smaller reporting company) |
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3
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11
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23
24
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27
28
29
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36
37
38
39
40
41
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS
(Unaudited)
Three Months Ended
Nine Months Ended
September 30,
September 30,
In millions, except per share amounts
2010
2009
2010
2009
$
1,042.8
$
1,054.2
$
3,083.4
$
3,117.2
887.7
907.8
2,633.7
2,702.4
80.9
75.8
236.7
239.4
(4.3
)
(3.0
)
(3.0
)
(13.3
)
(23.9
)
55.1
(29.9
)
78.5
97.5
160.9
218.6
(44.0
)
(53.3
)
(134.0
)
(158.0
)
(6.5
)
(1.0
)
(7.4
)
(7.1
)
28.0
43.2
19.5
53.5
(11.0
)
(10.3
)
(29.8
)
(29.7
)
17.0
32.9
(10.3
)
23.8
0.6
0.3
1.4
0.8
$
17.6
$
33.2
$
(8.9
)
$
24.6
$
0.05
$
0.10
$
(0.03
)
$
0.07
$
0.05
$
0.10
$
(0.03
)
$
0.07
344.1
343.4
343.7
343.0
347.2
344.9
343.7
343.9
Table of Contents
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)
Table of Contents
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS
(Unaudited)
Nine Months Ended
September 30,
In millions
2010
2009
$
(8.9
)
$
24.6
218.0
228.0
24.4
27.9
(14.8
)
13.1
31.3
18.1
(75.9
)
10.8
174.1
322.5
(73.9
)
(96.3
)
9.8
(3.6
)
(2.2
)
(77.5
)
(88.7
)
29.4
423.8
(101.7
)
(425.3
)
126.4
147.9
(124.6
)
(291.2
)
(10.2
)
(14.7
)
(80.7
)
(159.5
)
0.6
0.3
16.5
74.6
149.8
170.1
$
166.3
$
244.7
Table of Contents
Table of Contents
September 30,
December 31,
In millions
2010
2009
$
231.4
$
251.9
51.1
40.3
118.4
105.2
65.1
63.6
466.0
461.0
(21.8
)
(24.5
)
$
444.2
$
436.5
Table of Contents
Severance
Facility
Equipment
In millions
and Benefits
Closure Costs
Removal
Total
$
3.5
$
3.5
$
0.6
$
7.6
2.2
2.2
(2.8
)
(1.6
)
(0.3
)
(4.7
)
(1.6
)
(0.6
)
(2.2
)
$
1.3
$
1.3
$
0.3
$
2.9
Three Months Ended
Nine Months Ended
September 30,
September 30,
In millions
2010
2009
2010
2009
$
0.7
$
1.1
$
3.9
$
9.4
Table of Contents
Table of Contents
September 30,
December 31,
In millions
2010
2009
$
246.0
423.5
423.7
102.7
425.0
890.7
890.7
1,052.4
1,052.4
1.9
0.8
2,717.2
2,792.6
20.3
10.0
$
2,696.9
$
2,782.6
Total Amount of
Total Amount
Total Amount
In millions
Commitments
Outstanding
Available(a)
$
400.0
$
$
368.0
18.4
9.7
8.7
$
418.4
$
9.7
$
376.7
(a)
Table of Contents
Weighted Avg.
Grant Date Fair
Shares in thousands
Shares
Value Per Share
5,464
$
3.59
340
$
3.18
Table of Contents
Postretirement Health
Pension Benefits
Care Benefits
Three Months Ended
Nine Months Ended
Three Months Ended
Nine Months Ended
September 30,
September 30,
September 30,
September 30,
In millions
2010
2009
2010
2009
2010
2009
2010
2009
$
5.0
$
4.9
$
15.0
$
14.6
$
0.2
$
0.4
$
0.8
$
1.2
12.7
12.7
38.1
37.7
0.7
0.9
2.1
2.6
(12.7
)
(10.9
)
(38.0
)
(32.0
)
0.1
0.1
0.1
0.3
0.3
0.9
(0.1
)
(0.1
)
2.3
5.2
6.9
15.5
(0.4
)
(0.2
)
(1.2
)
(0.5
)
$
7.4
$
12.3
$
22.3
$
36.8
$
0.5
$
1.1
$
1.6
$
3.2
Table of Contents
Table of Contents
Derivative
Derivative
Assets
Liabilities
Balance Sheet
September 30,
December 31,
Balance Sheet
September 30,
December 31,
In millions
Location
2010
2009
Location
2010
2009
Other Current Assets
$
$
0.3
$
4.8
$
Other Current Assets
0.5
1.0
Other Accrued Liabilities
0.8
Other Current Assets
33.4
36.1
$
0.5
$
1.3
$
39.0
$
36.1
Amount of Loss (Gain)
Amount of Loss (Gain)
Amount of (Gain) Loss
Recognized in
Recognized in Statement of
Recognized in Statement of
Accumulated Other
Operations
Operations
Comprehensive Loss
Location
(Effective Portion)
Location
(Ineffective Portion)
Three Months Ended
in Statement of
Three Months Ended
in Statement of
Three Months Ended
September 30,
Operations
September 30,
Operations
September 30,
(Effective
(Ineffective
In millions
2010
2009
Portion)
2010
2009
Portion)
2010
2009
$
4.2
$
(0.5
)
$
1.3
$
9.9
$
(0.1
)
$
0.2
Contracts
1.6
2.6
Net
(1.0
)
(0.5
)
Net
Agreements
6.8
16.5
Net
8.3
13.1
Net
$
12.6
$
18.6
$
8.6
$
22.5
$
(0.1
)
$
0.2
Table of Contents
Amount of Loss (Gain)
Amount of Loss (Gain)
Amount of Gain
Recognized in
Recognized in Statement of
Recognized in Statement of
Accumulated Other
Operations
Operations
Comprehensive Loss
Location
(Effective Portion)
Location
(Ineffective Portion)
Nine Months Ended
in Statement of
Nine Months Ended
in Statement of
Nine Months Ended
September 30,
Operations
September 30,
Operations
September 30,
(Effective
(Ineffective
In millions
2010
2009
Portion)
2010
2009
Portion)
2010
2009
$
9.8
$
13.3
$
3.4
$
32.0
$
$
(0.4
)
(0.1
)
(0.2
)
Net
(0.5
)
(0.9
)
Net
24.4
24.5
Net
26.8
32.7
Net
(0.2
)
(0.1
)
$
34.1
$
37.6
$
29.7
$
63.8
$
(0.2
)
$
(0.5
)
In millions
$
(35.1
)
29.7
(34.1
)
$
(39.5
)
Three Months Ended
Nine Months Ended
September 30,
September 30,
In millions
2010
2009
2010
2009
$
17.6
$
33.2
$
(8.9
)
$
24.6
(4.0
)
3.9
(4.4
)
26.2
2.4
5.5
7.2
16.4
(0.5
)
(0.2
)
(1.4
)
(0.6
)
0.1
0.1
0.3
0.4
11.0
7.4
3.3
5.4
$
26.6
$
49.9
$
(3.9
)
$
72.4
Table of Contents
Table of Contents
Three Months Ended
Nine Months Ended
September 30,
September 30,
In millions
2010
2009
2010
2009
$
873.3
$
886.2
$
2,575.7
$
2,605.9
122.2
117.5
354.9
357.6
47.3
50.5
152.8
153.7
$
1,042.8
$
1,054.2
$
3,083.4
$
3,117.2
$
86.8
$
90.8
$
237.5
$
232.2
0.6
1.8
2.9
3.2
1.0
9.9
6.1
(9.9
)
4.9
(89.4
)
(22.9
)
$
78.5
$
97.5
$
160.9
$
218.6
Three Months Ended
Nine Months Ended
September 30,
September 30,
In millions, except per share data
2010
2009
2010
2009
$
17.6
$
33.2
$
(8.9
)
$
24.6
344.1
343.4
343.7
343.0
3.1
1.5
0.9
347.2
344.9
343.7
343.9
$
0.05
$
0.10
$
(0.03
)
$
0.07
$
0.05
$
0.10
$
(0.03
)
$
0.07
Three Months Ended
Nine Months Ended
September 30,
September 30,
2010
2009
2010
2009
4,942,072
6,054,592
6,377,864
11,667
745,098
4,942,072
6,066,259
7,122,962
Table of Contents
Three Months Ended September 30, 2010
Combined
Combined
Subsidiary
Guarantor
Nonguarantor
Consolidating
In millions
Parent
Issuer
Subsidiaries
Subsidiaries
Eliminations
Consolidated
$
$
844.3
$
132.1
$
106.8
$
(40.4
)
$
1,042.8
711.3
119.8
97.0
(40.4
)
887.7
64.5
8.6
7.8
80.9
(4.1
)
(0.2
)
(4.3
)
72.6
3.7
2.2
78.5
(43.7
)
(0.3
)
(44.0
)
(6.5
)
(6.5
)
22.4
3.7
1.9
28.0
(7.9
)
(0.4
)
(2.7
)
(11.0
)
14.5
3.3
(0.8
)
17.0
0.6
0.6
17.6
3.1
(0.8
)
(19.9
)
$
17.6
$
17.6
$
2.5
$
(0.2
)
$
(19.9
)
$
17.6
Table of Contents
Three Months Ended September 30, 2009
Combined
Combined
Subsidiary
Guarantor
Nonguarantor
Consolidating
In millions
Parent
Issuer
Subsidiaries
Subsidiaries
Eliminations
Consolidated
$
$
850.9
$
130.1
$
110.2
$
(37.0
)
$
1,054.2
726.4
116.4
102.0
(37.0
)
907.8
60.7
8.5
6.6
75.8
(1.3
)
(0.4
)
(1.3
)
(3.0
)
(23.9
)
(23.9
)
89.0
5.6
2.9
97.5
(53.0
)
0.1
(0.4
)
(53.3
)
(1.0
)
(1.0
)
35.0
5.7
2.5
43.2
(8.8
)
0.1
(1.6
)
(10.3
)
26.2
5.8
0.9
32.9
0.3
0.3
33.2
7.0
(0.5
)
(39.7
)
$
33.2
$
33.2
$
5.3
$
1.2
$
(39.7
)
$
33.2
Table of Contents
Nine Months Ended September 30, 2010
Combined
Combined
Subsidiary
Guarantor
Nonguarantor
Consolidating
In millions
Parent
Issuer
Subsidiaries
Subsidiaries
Eliminations
Consolidated
$
$
2,496.7
$
396.7
$
318.4
$
(128.4
)
$
3,083.4
2,121.2
351.2
289.7
(128.4
)
2,633.7
187.4
26.3
23.0
236.7
(2.5
)
(0.5
)
(3.0
)
55.1
55.1
135.5
19.2
6.2
160.9
(132.9
)
(1.1
)
(134.0
)
(7.4
)
(7.4
)
(4.8
)
19.2
5.1
19.5
(23.7
)
(0.4
)
(5.7
)
(29.8
)
(28.5
)
18.8
(0.6
)
(10.3
)
1.4
1.4
(8.9
)
19.6
0.6
(11.3
)
$
(8.9
)
$
(8.9
)
$
19.4
$
0.8
$
(11.3
)
$
(8.9
)
Table of Contents
Nine Months Ended September 30, 2009
Combined
Combined
Subsidiary
Guarantor
Nonguarantor
Consolidating
In millions
Parent
Issuer
Subsidiaries
Subsidiaries
Eliminations
Consolidated
$
$
2,521.5
$
404.3
$
296.7
$
(105.3
)
$
3,117.2
2,173.3
362.8
274.4
(108.1
)
2,702.4
188.6
29.1
21.7
239.4
(3.0
)
(6.0
)
(4.3
)
(13.3
)
(29.9
)
(29.9
)
192.5
18.4
4.9
2.8
218.6
(156.7
)
0.2
(1.5
)
(158.0
)
(7.1
)
(7.1
)
28.7
18.6
3.4
2.8
53.5
(25.7
)
0.1
(4.1
)
(29.7
)
3.0
18.7
(0.7
)
2.8
23.8
0.8
0.8
24.6
21.6
1.5
(47.7
)
$
24.6
$
24.6
$
20.2
$
0.1
$
(44.9
)
$
24.6
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Table of Contents
Ø
Ø
Ø
Ø
Ø
Ø
Ø
Table of Contents
Table of Contents
Three Months Ended
Nine Months Ended
September 30,
September 30,
In millions
2010
2009
2010
2009
$
873.3
$
886.2
$
2,575.7
$
2,605.9
122.2
117.5
354.9
357.6
47.3
50.5
152.8
153.7
$
1,042.8
$
1,054.2
$
3,083.4
$
3,117.2
$
86.8
$
90.8
$
237.5
$
232.2
0.6
1.8
2.9
3.2
1.0
9.9
6.1
(9.9
)
4.9
(89.4
)
(22.9
)
$
78.5
$
97.5
$
160.9
$
218.6
Table of Contents
Three Months Ended September 30,
Increase
Percent
In millions
2010
2009
(Decrease)
Change
$
873.3
$
886.2
$
(12.9
)
(1.5
%)
122.2
117.5
4.7
4.0
%
47.3
50.5
(3.2
)
(6.3
%)
$
1,042.8
$
1,054.2
$
(11.4
)
(1.1
%)
Three Months Ended September 30,
Variances
In millions
2009
Price
Volume/Mix
Exchange
Total
2010
Divested
Businesses
Organic
$
886.2
$
5.5
$
$
(18.0
)
$
(0.4
)
$
(12.9
)
$
873.3
117.5
3.7
1.0
4.7
122.2
50.5
4.4
(8.2
)
0.6
(3.2
)
47.3
$
1,054.2
$
13.6
$
$
(25.2
)
$
0.2
$
(11.4
)
$
1,042.8
Table of Contents
Three Months Ended September 30,
Increase
Percent
In millions
2010
2009
(Decrease)
Change
$
86.8
$
90.8
$
(4.0
)
(4.4
%)
0.6
1.8
(1.2
)
(66.7
%)
1.0
1.0
(100.0
%)
(9.9
)
4.9
(14.8
)
N.M.
(a)
$
78.5
$
97.5
$
(19.0
)
(19.5
%)
(a)
Three Months Ended September 30,
Variances
In millions
2009
Price
Volume/Mix
Inflation
Exchange
Other
(a)
Total
2010
$
90.8
$
5.5
$
(3.3
)
$
(42.2
)
$
0.4
$
35.6
$
(4.0
)
$
86.8
1.8
3.7
(6.7
)
1.8
(1.2
)
0.6
4.4
(0.3
)
(3.1
)
1.0
1.0
4.9
1.5
(16.3
)
(14.8
)
(9.9
)
$
97.5
$
13.6
$
(3.6
)
$
(52.0
)
$
1.9
$
21.1
$
(19.0
)
$
78.5
(a)
Table of Contents
Nine Months Ended September 30,
Increase
Percent
In millions
2010
2009
(Decrease)
Change
$
2,575.7
$
2,605.9
$
(30.2
)
(1.2
%)
354.9
357.6
(2.7
)
(0.8
%)
152.8
153.7
(0.9
)
(0.6
%)
$
3,083.4
$
3,117.2
$
(33.8
)
(1.1
%)
Nine Months Ended September 30,
Variances
In millions
2009
Price
Volume/Mix
Exchange
Total
2010
Divested
Businesses
Organic
$
2,605.9
$
(19.2
)
$
(17.1
)
$
6.1
$
(30.2
)
$
2,575.7
357.6
(7.4
)
(3.6
)
8.3
(2.7
)
354.9
153.7
7.5
(8.9
)
(1.8
)
2.3
(0.9
)
152.8
$
3,117.2
$
(19.1
)
$
(12.5
)
$
(10.6
)
$
8.4
$
(33.8
)
$
3,083.4
Table of Contents
Nine Months Ended September 30,
Increase
Percent
In millions
2010
2009
(Decrease)
Change
$
237.5
$
232.2
$
5.3
2.3
%
2.9
3.2
(0.3
)
(9.4
%)
9.9
6.1
3.8
62.3
%
(89.4
)
(22.9
)
(66.5
)
N.M.
(a)
$
160.9
$
218.6
$
(57.7
)
(26.4
%)
(a)
Nine Months Ended September 30,
Variances
In millions
2009
Price
Volume/Mix
Inflation
Exchange
Other
(a)
Total
2010
$
232.2
$
(19.2
)
$
(4.5
)
$
(60.6
)
$
(0.5
)
$
90.1
$
5.3
$
237.5
3.2
(7.4
)
0.4
(3.7
)
10.4
(0.3
)
2.9
6.1
7.5
0.4
(11.2
)
0.2
6.9
3.8
9.9
(22.9
)
(2.3
)
(64.2
)
(66.5
)
(89.4
)
$
218.6
$
(19.1
)
$
(3.7
)
$
(75.5
)
$
(2.6
)
$
43.2
$
(57.7
)
$
160.9
(a)
Table of Contents
Table of Contents
Nine Months Ended
September 30,
In millions
2010
2009
$
174.1
$
322.5
(77.5
)
(88.7
)
(80.7
)
(159.5
)
Table of Contents
Maximum Consolidated Secured
Leverage Ratio(1)
4.75 to 1.00
(1)
Twelve Months Ended
In millions
September 30, 2010
$
22.9
24.2
172.4
295.4
(0.7
)
41.0
65.8
15.2
(37.4
)
59.9
$
658.7
Table of Contents
As of
In millions
September 30, 2010
$
28.8
2,696.9
$
2,725.7
782.5
$
1,943.2
(a)
(b)
Table of Contents
Table of Contents
Table of Contents
Exhibit Number
Description
First Amendment dated as of July 1, 2010 to the Stockholders Agreement dated as of July 9,
2007, by and among Graphic Packaging Holding Company, the persons listed on the signature
pages thereto as Family Stockholders, Clayton, Dubilier & Rice Fund V Limited Partnership,
Old Town S.A., Field Holdings, Inc., TPG Bluegrass IV, L.P., TPG Bluegrass IV, Inc., TPG
Bluegrass IV AIV 2, L.P., TPG Bluegrass V, L.P., TPG Bluegrass V, Inc., TPG Bluegrass V
AIV 2, L.P., TPG FOF V A, L.P. and TPG FOF V B, L.P.
First Amendment dated as of July 1, 2010 to the Registration Rights Agreement dated as of
July 9, 2007, by and among Graphic Packaging Holding Company, the persons listed on the
signature pages thereto as Family Stockholders, Clayton, Dubilier & Rice Fund V Limited
Partnership, Old Town S.A., Field Holdings, Inc., TPG Bluegrass IV, L.P., TPG Bluegrass
IV, Inc., TPG Bluegrass IV AIV 2, L.P., TPG Bluegrass V, L.P., TPG Bluegrass V, Inc.,
TPG Bluegrass V AIV 2, L.P., BCH Management, LLC, TPG FOF V A, L.P. and TPG FOF V B,
L.P.
Amended and Restated Form of Indemnification Agreement for Directors.
Certification required by Rule 13a-14(a).
Certification required by Rule 13a-14(a).
Certification required by Section 1350 of Chapter 63 of Title 18 of the United States Code.
Certification required by Section 1350 of Chapter 63 of Title 18 of the United States Code.
Table of Contents
Senior Vice President, General Counsel and Secretary
November 4, 2010
Senior Vice President and Chief Financial Officer
November 4, 2010
(Principal Financial Officer)
Vice President and Chief Accounting Officer
November 4, 2010
(Principal Accounting Officer)
(a) | Janet H. Coors Irrevocable Trust FBO Frances M. Baker Dated July 27, 1976; | ||
(b) | Janet H. Coors Irrevocable Trust FBO Frank E. Ferrin Dated July 27, 1976; and | ||
(c) | Janet H. Coors Irrevocable Trust FBO Joseph J. Ferrin Dated July 27, 1976 |
- 2 -
ADOLPH COORS, JR. TRUST DATED | ||||||||
SEPTEMBER 12, 1969 | ||||||||
|
||||||||
By: | Adolph Coors Company, LLC, Trustee | |||||||
|
||||||||
By: | /s/ Jeffrey H. Coors | |||||||
|
Name: | Jeffrey H. Coors | ||||||
|
Title: | |||||||
|
||||||||
GROVER C. COORS TRUST DATED AUGUST 7, 1952 | ||||||||
|
||||||||
By: | Adolph Coors Company LLC, Trustee | |||||||
|
||||||||
By: | /s/ Jeffrey H. Coors | |||||||
|
Name: | Jeffrey H. Coors | ||||||
|
Title: | |||||||
|
||||||||
MAY KISTLER COORS TRUST DATED | ||||||||
SEPTEMBER 24, 1965 | ||||||||
|
||||||||
By: | Adolph Coors Company LLC, Trustee | |||||||
|
||||||||
By: | /s/ Jeffrey H. Coors | |||||||
|
Name: | Jeffrey H. Coors | ||||||
|
Title: | |||||||
|
||||||||
AUGUSTA COORS COLLBRAN TRUST DATED | ||||||||
JULY 5, 1946 | ||||||||
|
||||||||
By: | Adolph Coors Company LLC, Trustee | |||||||
|
||||||||
By: | /s/ Jeffrey H. Coors | |||||||
|
Name: | Jeffrey H. Coors | ||||||
|
Title: |
BERTHA COORS MUNROE TRUST DATED JULY 5, 1946 | ||||||||
|
||||||||
By: | Adolph Coors Company LLC, Trustee | |||||||
|
||||||||
By: | /s/ Jeffrey H. Coors | |||||||
|
Name: | Jeffrey H. Coors | ||||||
|
Title: | |||||||
|
||||||||
LOUISE COORS PORTER TRUST DATED JULY 5, 1946 | ||||||||
|
||||||||
By: | Adolph Coors Company LLC, Trustee | |||||||
|
||||||||
By: | /s/ Jeffrey H. Coors | |||||||
|
Name: | Jeffrey H. Coors | ||||||
|
Title: | |||||||
|
||||||||
HERMAN F. COORS TRUST DATED JULY 5, 1946 | ||||||||
|
||||||||
By: | Adolph Coors Company LLC, Trustee | |||||||
|
||||||||
By: | /s/ Jeffrey H. Coors | |||||||
|
Name: | Jeffrey H. Coors | ||||||
|
Title: | |||||||
|
||||||||
THE TPG ENTITIES: | ||||||||
|
||||||||
TPG BLUEGRASS IV, L.P. | ||||||||
|
||||||||
By: | TPG GenPar IV, L.P. | |||||||
its General Partner | ||||||||
|
||||||||
By: | TPG Advisors IV, Inc. | |||||||
its General Partner | ||||||||
|
||||||||
By: | /s/ Clive Bode | |||||||
|
Name: | |||||||
|
Title: |
TPG BLUEGRASS IV AIV 2, L.P. | ||||||
|
||||||
|
By: | TPG GenPar IV, L.P. | ||||
|
its General Partner | |||||
|
||||||
|
By: | TPG Advisors IV, Inc. | ||||
|
its General Partner | |||||
|
||||||
|
By: | /s/ Clive Bode | ||||
|
|
|||||
|
Title: | |||||
|
||||||
TPG BLUEGRASS V, L.P. | ||||||
|
||||||
|
By: | TPG GenPar V, L.P. | ||||
|
its General Partner | |||||
|
||||||
|
By: | TPG Advisors V, Inc. | ||||
|
its General Partner | |||||
|
||||||
|
By: | /s/ Clive Bode | ||||
|
|
|||||
|
Title: | |||||
|
||||||
TPG BLUEGRASS V AIV 2, L.P. | ||||||
|
||||||
|
By: | TPG GenPar V, L.P. | ||||
|
its General Partner | |||||
|
||||||
|
By: | TPG Advisors V, Inc. | ||||
|
its General Partner | |||||
|
||||||
|
By: | /s/ Clive Bode | ||||
|
|
|||||
|
Title: | |||||
|
||||||
TPG BLUEGRASS IV, INC. | ||||||
|
||||||
|
By: | /s/ Clive Bode | ||||
|
|
|||||
|
Title: |
TPG BLUEGRASS V, INC. | ||||||
|
||||||
|
By: | /s/ Clive Bode | ||||
|
|
|||||
|
Title: | |||||
|
||||||
TPG FOF V A, L.P. | ||||||
|
||||||
|
By: | TPG GenPar V, L.P. | ||||
|
its General Partner | |||||
|
||||||
|
By: | TPG Advisors V, Inc. | ||||
|
its General Partner | |||||
|
||||||
|
By: | /s/ Clive Bode | ||||
|
|
|||||
|
Title: | |||||
|
||||||
TPG FOF V B, L.P. | ||||||
|
||||||
|
By: | TPG GenPar V, L.P. | ||||
|
its General Partner | |||||
|
||||||
|
By: | TPG Advisors V, Inc. | ||||
|
its General Partner | |||||
|
||||||
|
By: | /s/ Clive Bode | ||||
|
|
|||||
|
Title: |
(a) | Janet H. Coors Irrevocable Trust FBO Frances M. Baker Dated July 27, 1976; | ||
(b) | Janet H. Coors Irrevocable Trust FBO Frank E. Ferrin Dated July 27, 1976; and | ||
(c) | Janet H. Coors Irrevocable Trust FBO Joseph J. Ferrin Dated July 27, 1976 |
- 2 -
ADOLPH COORS, JR. TRUST DATED SEPTEMBER 12, 1969 | ||||||||
|
||||||||
By: | Adolph Coors Company, LLC, Trustee | |||||||
|
||||||||
By: | /s/ Jeffrey H. Coors | |||||||
|
Name: | Jeffrey H. Coors | ||||||
|
Title: | |||||||
|
||||||||
GROVER C. COORS TRUST DATED AUGUST 7, 1952 | ||||||||
|
||||||||
By: | Adolph Coors Company LLC, Trustee | |||||||
|
||||||||
By: | /s/ Jeffrey H. Coors | |||||||
|
Name: | Jeffrey H. Coors | ||||||
|
Title: | |||||||
|
||||||||
MAY KISTLER COORS TRUST DATED SEPTEMBER 24, 1965 | ||||||||
|
||||||||
By: | Adolph Coors Company LLC, Trustee | |||||||
|
||||||||
By: | /s/ Jeffrey H. Coors | |||||||
|
Name: | Jeffrey H. Coors | ||||||
|
Title: | |||||||
|
||||||||
AUGUSTA COORS COLLBRAN TRUST DATED JULY 5, 1946 | ||||||||
|
||||||||
By: | Adolph Coors Company LLC, Trustee | |||||||
|
||||||||
By: | /s/ Jeffrey H. Coors | |||||||
|
Name: | Jeffrey H. Coors | ||||||
|
Title: |
BERTHA COORS MUNROE TRUST DATED JULY 5, 1946 | ||||||||
|
||||||||
By: | Adolph Coors Company LLC, Trustee | |||||||
|
||||||||
By: | /s/ Jeffrey H. Coors | |||||||
|
Name: | Jeffrey H. Coors | ||||||
|
Title: | |||||||
|
||||||||
LOUISE COORS PORTER TRUST DATED JULY 5, 1946 | ||||||||
|
||||||||
By: | Adolph Coors Company LLC, Trustee | |||||||
|
||||||||
By: | /s/ Jeffrey H. Coors | |||||||
|
Name: | Jeffrey H. Coors | ||||||
|
Title: | |||||||
|
||||||||
HERMAN F. COORS TRUST DATED JULY 5, 1946 | ||||||||
|
||||||||
By: | Adolph Coors Company LLC, Trustee | |||||||
|
||||||||
By: | /s/ Jeffrey H. Coors | |||||||
|
Name: | Jeffrey H. Coors | ||||||
|
Title: | |||||||
|
||||||||
THE TPG ENTITIES: | ||||||||
|
||||||||
TPG BLUEGRASS IV, L.P. | ||||||||
|
||||||||
By: | TPG GenPar IV, L.P. | |||||||
its General Partner | ||||||||
|
||||||||
By: | TPG Advisors IV, Inc. | |||||||
its General Partner | ||||||||
|
||||||||
By: | /s/ Clive Bode | |||||||
|
Name: | |||||||
|
Title: |
TPG BLUEGRASS V, INC. | ||||||||
|
||||||||
By: | /s/ Clive Bode | |||||||
|
Name: | |||||||
|
Title: | |||||||
|
||||||||
TPG FOF V A, L.P. | ||||||||
|
||||||||
By: | TPG GenPar V, L.P. | |||||||
its General Partner | ||||||||
|
||||||||
By: | TPG Advisors V, Inc. | |||||||
its General Partner | ||||||||
|
||||||||
By: | /s/ Clive Bode | |||||||
|
Name: | |||||||
|
Title: | |||||||
|
||||||||
TPG FOF V B, L.P. | ||||||||
|
||||||||
By: | TPG GenPar V, L.P. | |||||||
its General Partner | ||||||||
|
||||||||
By: | TPG Advisors V, Inc. | |||||||
its General Partner | ||||||||
|
||||||||
By: | /s/ Clive Bode | |||||||
|
Name: | |||||||
|
Title: | |||||||
|
||||||||
BCH MANAGEMENT, LLC | ||||||||
|
||||||||
By: | Bluegrass Container Holdings, LLC | |||||||
its Managing Member | ||||||||
|
||||||||
|
By: | |||||||
|
Name: | |||||||
|
Title: |
- 2 -
- 3 -
- 4 -
- 5 -
- 6 -
- 7 -
- 8 -
- 9 -
- 10 -
- 11 -
- 12 -
GRAPHIC PACKAGING HOLDING COMPANY | ||||||
|
||||||
|
By: | |||||
|
|
|||||
|
Senior Vice President, General Counsel | |||||
|
and Secretary |
|
Address: | 814 Livingston Court | ||
|
Marietta, Georgia 30067 |
GRAPHIC PACKAGING CORPORATION | ||||||
|
||||||
|
By: | |||||
|
|
|||||
|
Senior Vice President, General Counsel | |||||
|
and Secretary |
|
Address: | 814 Livingston Court | ||
|
Marietta, Georgia 30067 |
GRAPHIC PACKAGING INTERNATIONAL, INC. | ||||||
|
||||||
|
By: | |||||
|
|
|||||
|
Senior Vice President, General Counsel | |||||
|
and Secretary |
|
Address: | 814 Livingston Court | ||
|
Marietta, Georgia 30067 |
AGREED TO AND ACCEPTED: | ||
|
||
INDEMNITEE: | ||
|
||
|
||
|
||
Address:
|
1. | I have reviewed this Quarterly Report on Form 10-Q of Graphic Packaging Holding Company; | |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; | |
3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; | |
4. | The registrants other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: |
(a) | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; | ||
(b) | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; | ||
(c) | Evaluated the effectiveness of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and | ||
(d) | Disclosed in this report any change in the registrants internal control over financial reporting that occurred during the registrants most recent fiscal quarter (the registrants fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and |
5. | The registrants other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrants auditors and the audit committee of the registrants board of directors (or persons performing the equivalent functions): |
(a) | All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrants ability to record, process, summarize and report financial information; and | ||
(b) | Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrants internal control over financial reporting. |
/s/ DAVID W. SCHEIBLE | ||||
David W. Scheible, | ||||
President and Chief Executive Officer
(Principal Executive Officer) November 4, 2010 |
1. | I have reviewed this Quarterly Report on Form 10-Q of Graphic Packaging Holding Company; | |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; | |
3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report; | |
4. | The registrants other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have: |
(a) | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; | ||
(b) | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; | ||
(c) | Evaluated the effectiveness of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and | ||
(d) | Disclosed in this report any change in the registrants internal control over financial reporting that occurred during the registrants most recent fiscal quarter (the registrants fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and |
5. | The registrants other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrants auditors and the audit committee of the registrants board of directors (or persons performing the equivalent functions): |
(a) | All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrants ability to record, process, summarize and report financial information; and | ||
(b) | Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrants internal control over financial reporting. |
/s/ DANIEL J. BLOUNT | ||||
Daniel J. Blount | ||||
Senior Vice President and Chief Financial Officer
(Principal Financial Officer) November 4, 2010 |
/s/ DAVID W. SCHEIBLE | ||||
Name: | David W. Scheible | |||
Title: |
President and Chief Executive Officer
November 4, 2010 |
/s/ DANIEL J. BLOUNT | ||||
Name: | Daniel J. Blount | |||
Title: |
Senior Vice President and Chief Financial Officer
November 4, 2010 |
|||