UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
FORM
6-K
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16
of
the Securities Exchange Act of 1934
For
the month of November 2007
Masisa
S.A.
(Exact
name of registrant as specified in its charter)
Masisa
S.A.
(Translation
of Registrant's name into English)
Av.
Apoquindo 3650, Piso 10, Las Condes
Santiago,
Chile
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under
cover
Form
20-F
or Form 40-F.
Form
20-F
x
Form
40-F
o
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(1):
o
Indicate
by check mark if the registrant is submitting the Form 6-K in paper as permitted
by Regulation S-T Rule 101(b)(7):
o
Indicate
by check mark whether the registrant by furnishing the information contained
in
this Form, the registrant is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under Securities Exchange Act of
1934.
Yes
o
No
x
If
"Yes"
is marked, indicate below the file number assigned to the registrant in
connection with Rule 12g3-2(b): 82-_____
Item
1. Important Event issued by Masisa S.A. on November 28,
2007:
MASISA
S.A.
Publicly-Traded
Corporation
Registered
under Nº825 in the Securities Registry
SIGNIFICANT
EVENT
Santiago,
November 28, 2007
Mr.
Superintendent
Superintendency
of Securities and Insurance
Dear
Sir,
Pursuant
to what is laid down in article 9 and the second sub-paragraph of article 10
of
Law Nº18.045 and in General Regulation Nº30 of the Superintendency of Securities
and Insurance, and duly empowered to such effect by the board of Masisa S.A.
(hereinafter referred to as “Masisa” or the “Company”), I hereby inform you of
the following
significant
event:
In
a
board meeting of Masisa held on this same date, Julio Moura resigned as a
director and President of the Masisa board, effective as of December 19.
Moreover, Mr. Moura informed the board that he had resigned as President and
CEO
of GrupoNueva S.A. (hereinafter referred to as “GrupoNueva”), the controlling
shareholder of Masisa. The Masisa board agreed to accept Mr. Moura’s resignation
in the aforementioned terms and to appoint Mr. Roberto Salas to replace him
as a
director of Masisa, effective as of December 19, who will also take office
as
the President and CEO of GrupoNueva.
Furthermore,
in the mentioned board meeting Mr. Patrick Nielson resigned as a director of
Masisa, effective as of December 19. The Masisa board agreed to accept Mr.
Nielson’s resignation in the aforementioned terms and to appoint Mr. Carlos
Marín Olalla to replace him as a director of Masisa, effective as of December
19, who will also take office as the COO and CFO of GrupoNueva.
Messrs
Salas and Marín expressly accepted their respective appointments as of the
aforementioned date.
Pursuant
to what is laid down in the final sub-paragraph of article 32 of Law N°18.046,
the board shall be fully renewed in the next ordinary shareholders’ meeting of
Masisa.
Yours
faithfully,
Enrique
Cibié Bluth
CEO
Masisa
S.A.
Item
2. Press Release issued by Masisa S.A. on November 28,
2007:
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For
further information, please contact:
|
Investor
Relations
(56
2) 350 6038
investor.relations@masisa.com
Internet:
www.masisa.com
|
PRESS
RELEASE
New
President of GrupoNueva is appointed a Director of MASISA
-Replaces
Julio Moura
Santiago,
November 28, 2007. - MASISA S.A. (NYSE: MYS) (hereinafter referred to as
“Masisa” or “the Company”)
hereby
informs that Roberto Salas, the new President and CEO of GrupoNueva, the
controlling shareholder of Masisa, has today been appointed a director of the
Masisa Board, replacing Julio Moura. Salas shall take office as of December
19.
Roberto
Salas was until November 15, 2007 the President of the AMANCO group.
AMANCO,
a
leading piping system manufacturer in Latin America, with annual sales of around
US$1 billion, belonged to GrupoNueva up to March this year when it was sold
to
the Mexican group Mexichem for US$630 million.
Moura
said of Roberto Salas, who has been involved in GrupoNueva for over 15 years,
that “I have no doubt that Roberto as the new President of the Board will make a
decisive contribution to Masisa achieving new and greater objectives, as he
did
at Amanco, which under his undisputed leadership expanded and became the main
company in its sector in Latin America.”
Masisa
likewise informed that Carlos Marín was also today elected a Director of Masisa,
effective as of December 19. Marín is currently the COO and CFO of
GrupoNueva
Roberto
Salas and Carlos Marín will replace Julio Moura and Patrick Nielson,
respectively, as Directors of Masisa, who have resigned as of December 19
when the new President of Masisa will be elected.
About
Masisa
Masisa
is
a leading furniture and interior architecture board production and marketing
company in Latin America. It owns forest assets in most of the region, thereby
guaranteeing the raw material for its board business. Masisa’s value proposal is
to be a reliable brand, and a company close to all its stakeholders,
anticipating market needs by means of product and service innovation, and
operating responsibly towards society and the environment.
Masisa
has 14 production plants in Chile, Argentina, Brazil, Venezuela and Mexico,
all
of which will have the ISO 14,001 and OHSAS 18,001 certification. Masisa is
currently building an MDP plant in Montenegro, Brazil that will have a
production capacity of 550,000 m
3
a year
and will be the Company’s largest plant in Latin America, mainly for supply to
the Brazilian market.
Masisa
has three other divisions that operate in synergy with its core board division:
forestry, solid wood and retail.
Masisa
is
a publicly-traded corporation and its shares are traded on the Santiago Stock
Exchange, and on the New York Stock Exchange (NYSE: MYS) in the form of ADRs.
The Company had consolidated net sales of US$886.5 million in 2006.
Forecasts
and Estimates
This
press release may contain forecasts, which are different statements from
historical facts or current conditions, and include the management’s current
vision and estimates of future circumstances, industry conditions and the
Company’s performance. Some forecasts may be identified by the use of terms such
as “may,” “should,” “anticipates,” “believes,” “estimates,” “expects,” “plans,”
“intends,” “forecasts” and other similar expressions. Statements about future
market share, projected future competitive strengths, the implementation of
significant operating and financial strategies, the direction of future
operations, and the factors or trends affecting financial conditions, liquidity,
or operating income are examples of forecasts. Such statements reflect the
current management vision and are subject to various risks and uncertainties.
There is no guarantee that the expected events, trends or results will actually
occur. These statements are made based on many assumptions and factors,
including general economic and market conditions, industry conditions and
operating factors. Any changes in such assumptions or factors could lead to
the
current results of Masisa, and the projected Company activities, to materially
differ from current expectations.
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.
Date:
November 28, 2007
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Masisa
S.A.
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By:
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/s/
Patricio Reyes
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Patricio
Reyes
General
Counsel
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