The Company intends to regain compliance with the NYSE American continued listing standards. There can be no assurance that the Company will ultimately regain compliance with all applicable NYSE American listing standards.
The Company also announced that its Board of Directors ("Board") has established an interim Office of the Chief Executive Officer ("OFC") following the resignation of President and CEO Scott M. Sutton, effective immediately.
Stora Enso Oyj has entered into an agreement with Prinzhorn to sell three box plants in Germany with 240 million cubic meters of corrugated capacity, approximately 125,000 tonnes.
