Compensation Arrangement with CFO
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): February 5, 2007
BUCKEYE
TECHNOLOGIES INC.
(Exact
name of registrant as specified in its charter)
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DELAWARE
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33-60032
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62-1518973
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(State
or other
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(Commission
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(IRS
Employer
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jurisdiction
of incorporation)
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File
Number)
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Identification
Number)
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1001
Tillman Street, Memphis, Tennessee
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38112
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(Address
of principal executive offices)
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(Zip
Code)
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Registrant's
telephone number, including area code: (901) 320-8100
N/A
(Former
name or former address, if changed since last report)
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))
Section
5 - Corporate Governance and Management
Item
5.02 - Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain
Officers
On
January 30, 2007, Buckeye Technologies Inc.’s Compensation Committee approved a
salary increase of $35,000 per year for Mr. Steven G. Dean, Vice President
and
Chief Financial Officer. This increase is intended by the Company to more
closely align Mr. Dean’s base compensation with that of other senior officers in
the Company. Following the salary increase, which was effective February 1,
2007, Mr. Dean’s base salary is $200,000.
SIGNATURE
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, thereunto
duly authorized,
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BUCKEYE
TECHNOLOGIES INC.
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/s/
Steven G. Dean
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Steven
G. Dean
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Vice
President and Chief Financial Officer
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February
5, 2007
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