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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>As filed with the Securities and Exchange Commission on September 13, 2005</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:right;'><font size=2>Registration No. 333-__________</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>SECURITIES AND EXCHANGE COMMISSION</font></p>

<p style=' margin-bottom:6pt; margin-top:0pt;text-align:center;'><font size=2>Washington, D.C. 20549</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>FORM S-8</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>REGISTRATION STATEMENT</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><i><font size=2>Under</font></i></p>

<p style=' margin-bottom:6pt; margin-top:0pt;text-align:center;'><i><font size=2>The Securities Act of 1933</font></i></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>ORCHIDS PAPER PRODUCTS COMPANY</font></p>

<p style=' margin-bottom:6pt; margin-top:0pt;text-align:center;'><font size=2>(Exact name of Registrant as specified in its charter)</font></p>

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     <TD WIDTH=45% ALIGN=CENTER><font size=2>Delaware </FONT></TD>
     <TD WIDTH=10% ALIGN=CENTER><font size=2>&nbsp; </FONT></TD>
     <TD WIDTH=45% ALIGN=CENTER><font size=2>23-2956944 </FONT></TD>
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     <TD WIDTH=45% ALIGN=CENTER><font size=2>(State of incorporation) </FONT></TD>
     <TD WIDTH=10% ALIGN=CENTER><font size=2>&nbsp; </FONT></TD>
     <TD WIDTH=45% ALIGN=CENTER><font size=2>(I.R.S. Employer Identification No.) </FONT></TD>
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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>4826 Hunt Street</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Pryor, Oklahoma 74361</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(918) 825-0616</font></p>

<p style=' margin-bottom:6pt; margin-top:0pt;text-align:center;'><font size=2>(Address of principal executive offices, including zip code, and telephone number)</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Orchids Paper Products Company Stock Incentive Plan</font></p>

<p style=' margin-bottom:6pt; margin-top:0pt;text-align:center;'><font size=2>(Full title of the plans)</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Michael P. Sage</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Chief Executive Officer</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Orchids Paper Products Company</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>4826 Hunt Street</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Pryor, Oklahoma 74361</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(918) 825-0616</font></p>

<p style=' margin-bottom:6pt; margin-top:0pt;text-align:center;'><font size=2>(Name, address, and telephone number, including area code, of agent for service)</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><i><font size=2>Copies to:</font></i></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Donald E. Figliulo, Esq.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>C. Brendan Johnson, Esq.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Bryan Cave LLP</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>161 North Clark Street</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>Chicago, Illinois 60601</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>(312) 602-5000</font></p>

<p style=' margin-bottom:6pt; margin-top:0pt;text-align:center;'><font size=2>(312) 602-5050 (fax)</font></p>

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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>CALCULATION OF REGISTRATION FEE</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

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        <td width="39%" style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="4%" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="11%" style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="3%" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="58" style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="3%" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="12%" style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="4%" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td> </tr>
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        <td width="254" valign=bottom style='border-bottom: solid black 1.0pt; padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>Title of Securities</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:.75pt;line-height:normal'><font size=2>To be Registered</font></p> </td>
        <td width="28" valign=bottom style='border-bottom: solid black 1.0pt; padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="75" valign=bottom style='border-bottom: solid black 1.0pt; padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>Amount</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:.75pt;line-height:normal'><font size=2>to be</font><br> <font size=2>Registered(1)</font></p> </td>
        <td width="22" valign=bottom style='border-bottom: solid black 1.0pt; padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="58" valign=bottom style='border-bottom: solid black 1.0pt; padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>Proposed</font><br> <font size=2>Maximum</font><br> <font size=2>Offering Price</font><br> <font size=2>Per Share</font></p> </td>
        <td width="22" valign=bottom style='border-bottom: solid black 1.0pt; padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="12%" valign=bottom style='border-bottom: solid black 1.0pt; padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>Proposed</font><br> <font size=2>Maximum</font><br> <font size=2>Aggregate</font><br> <font size=2>Offering Price</font></p> </td>
        <td width="28" valign=bottom style='border-bottom: solid black 1.0pt; padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="68" valign=bottom style='border-bottom: solid black 1.0pt; padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>Amount of</font><br> <font size=2>Registration</font><br> <font size=2>Fee</font></p> </td> </tr>
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        <td width="254" valign=bottom style='border-top:solid black 1.0pt; padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:12.0pt;text-indent:-12.0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>Common Stock $0.001 par value</font></p> </td>
        <td width="28" valign=bottom style='border-top:solid black 1.0pt; padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="75" nowrap valign=bottom style=' border-top:solid black 1.0pt; padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>465,000(2)</font></p> </td>
        <td width="22" valign=bottom style='border-top:solid black 1.0pt; padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="58" nowrap valign=bottom style=' border-top:solid black 1.0pt; padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>$8.77(3)</font></p> </td>
        <td width="22" valign=bottom style='border-top:solid black 1.0pt; padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="12%" nowrap valign=bottom style=' border-top:solid black 1.0pt; padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>$4,078,050</font></p> </td>
        <td width="28" valign=bottom style='border-top:solid black 1.0pt; padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="68" nowrap valign=bottom style=' border-top:solid black 1.0pt; padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>$479.99</font></p> </td> </tr>
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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'>                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      </p> </td> </tr></table>

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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:6.0pt;line-height:normal'><font size=2>(1)</font></p> </td>
        <td width="599" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:6.0pt;line-height:normal'><font size=2>Pursuant to Rule 416(a), this Registration Statement shall also cover any additional shares of the Registrant&#146;s common stock, par value $0.001 per share (the &#147;Common Stock&#148;), that become issuable under the Orchids Paper Products Company Stock Incentive Plan (the &#147;Plan&#148;) by reason of any stock dividend, stock split, recapitalization or other similar transaction effected without receipt of consideration that increases the number of outstanding shares of Common Stock.</font></p> </td> </tr>
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        <td width="4%" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:6.0pt;line-height:normal'><font size=2>(2)</font></p> </td>
        <td width="599" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:6.0pt;line-height:normal'><font size=2>Represents 270,000 shares of Common Stock reserved for issuance upon the exercise of outstanding options granted under the Plan and 195,000 shares of Common Stock available for future grants under the Plan.</font></p> </td> </tr>
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        <td width="4%" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:6.0pt;line-height:normal'><font size=2>(3)</font></p> </td>
        <td width="599" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:6.0pt;line-height:normal'><font size=2>This estimate is made pursuant to Rule 457(h) solely for purposes of calculating the registration fee, and is determined according to the following information: (a) for the 270,000 shares of Common Stock reserved for issuance upon the exercise of outstanding options granted under the Plan, the Proposed Maximum Offering Price Per Share is $8.00 per share, which is the weighted average exercise price of the options granted under the Plan and (b) for the 195,000 shares of Common Stock available for future grants under the Plan, the average ($9.825) of the high ($9.90) and low ($9.75) prices for the Registrant&#146;s Common Stock reported by the American Stock Exchange on September 9, 2005.</font></p> </td> </tr></table>


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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>PART I</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>INFORMATION REQUIRED IN THE SECTION 10 (a) PROSPECTUS</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>Item&nbsp;1.</font></p> </td>
        <td width="568" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><u><font size=2>Plan Information</font></u>.</p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:5.23%;text-align:left;'><font size=2>Not required to be filed with this Registration Statement.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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        <td width="9%" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>Item&nbsp;2.</font></p> </td>
        <td width="568" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><u><font size=2>Registrant Information and Employee Plan Annual Information</font></u>.</p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:5.23%;text-align:left;'><font size=2>Not required to be filed with this Registration Statement.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>PART II</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><font SIZE=2>INFORMATION REQUIRED IN THE REGISTRATION STATEMENT</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>Item&nbsp;3.</font></p> </td>
        <td width="568" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><u><font size=2>Incorporation of Documents by Reference</font></u>.</p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:5.23%;text-align:left;'><font size=2>The following documents previously filed with the Securities and Exchange Commission (the &#147;SEC&#148;) by Orchids Paper Products Company (the &#147;Company&#148;), are incorporated by reference in this Registration Statement:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="4%" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>(a)</font></p> </td>
        <td width="574" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>the Prospectus filed by the Company pursuant to Rule 424(b)(4) under the Securities Act of 1933, as amended, relating to the Registration Statement on Form S-1, as amended (File No. 333-124173), filed on July 6, 2005, which contains audited financial statements of the Company for the latest fiscal year for which such statements have been filed;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="4%" style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="4%" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>(b)</font></p> </td>
        <td width="574" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>the Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2005, filed on August 26, 2005, as amended on September 1, 2005; and</font>  </p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p></TD> </tr>
    <tr >
        <td width="4%" style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="4%" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>(c)</font></p> </td>
        <td width="574" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>the description of the Company&#146;s Common Stock contained in the Company&#146;s Registration Statement on Form 8-A (No. 001-32563) filed under Section 12(b) of the Securities Exchange Act of 1934, as amended (the &#147;Exchange Act&#148;), on July 8, 2005, including any subsequent amendment or report filed for the purpose of amending such description.</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:5.23%;text-align:left;'><font size=2>All documents filed by the Company pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date of this Registration Statement and prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, are incorporated by reference in this Registration Statement and are a part hereof from the date of filing such documents. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as
so modified or superseded, to constitute a part of this Registration Statement.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="9%" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>Item&nbsp;4.</font></p> </td>
        <td width="568" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><u><font size=2>Description of Securities</font></u>.</p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:5.23%;text-align:left;'><font size=2>Not applicable.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="9%" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>Item&nbsp;5.</font></p> </td>
        <td width="568" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><u><font size=2>Interests of Named Experts and Counsel</font></u>.</p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:5.23%;text-align:left;'><font size=2>Not applicable.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>





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<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="9%" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>Item&nbsp;6.</font></p> </td>
        <td width="568" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><u><font size=2>Indemnification of Directors and Officers</font></u>.</p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:5.23%;text-align:left;'><font size=2>The Company&#146;s amended and restated certificate of incorporation provides that, to the fullest extent permitted by the Delaware General Corporation Law as the same exists or may hereafter be amended, the Company&#146;s directors shall not be liable to the Company or its stockholders for monetary damages for breach of fiduciary duty as a director.  In addition, the Company&#146;s certificate of incorporation provides that it may, to the fullest extent permitted by law, indemnify any person made or threatened to be made a party to an action, suit or proceeding, whether criminal, civil, administrative or investigative, by reason of the fact that such person or his or her testator or intestate is or was a director, officer or employee of the Company, or any predecessor of the Company, or serves or served at any other enterprise as a director, officer or employee at the request of the Company.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:5.23%;text-align:left;'><font size=2>The Company&#146;s amended and restated bylaws provide that the Company will indemnify its directors and officers to the fullest extent not prohibited by the Delaware General Corporation Law or any other law.  The Company is not required to indemnify any director or officer in connection with a proceeding brought by such director or officer unless (i) such indemnification is expressly required by law; (ii) the proceeding was authorized by its board of directors; or (iii) such indemnification is provided by the Company, in its sole discretion, pursuant to the powers vested in the Company under the Delaware General Corporation Law or any other applicable law.  In addition, the Company&#146;s bylaws provide that the Company may indemnify its employees and other agents as set forth in the Delaware General Corporation Law or any other applicable law.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:5.23%;text-align:left;'><font size=2>The Company has entered into separate indemnification agreements with its directors that require it, among other things, to indemnify each of them against certain liabilities that may arise by reason of their status or service with the Company or on behalf of the Company, other than liabilities arising from willful misconduct of a culpable nature.  The Company will not be required to indemnify under the agreement for (i)&nbsp;actions initiated by the director without the authorization of consent of the board of directors; (ii)&nbsp;actions initiated to enforce the indemnification agreement unless the director is successful; (iii)&nbsp;actions resulting from violations of Section 16 of the Exchange Act in which a final judgment has been rendered against the director; and (iv) actions to enforce any non-compete or non-disclosure provisions of any agreement.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:5.23%;text-align:left;'><font size=2>The indemnification provided for above provides for reimbursement of all losses of the indemnified party including, expenses, judgment, fines and amounts paid in settlement.  The right to indemnification set forth above includes the right for us to pay the expenses (including attorneys&#146; fees) incurred in defending any such proceeding in advance of its final disposition in certain circumstances.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:5.23%;text-align:left;'><font size=2>The Delaware General Corporation Law provides that indemnification is permissible only when the director, officer, employee, or agent acted in good faith and in a manner reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe the conduct was unlawful.  The Delaware General Corporation Law also precludes indemnification in respect of any claim, issue, or matter as to which an officer, director, employee, or agent shall have been adjudged to be liable to the corporation unless and only to the extent that the Court of Chancery of the State of Delaware or the court in which such action or suit was brought shall determine that, despite such adjudication of liability, but in view of all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for
such expenses which the Court of Chancery or such other court deems proper.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="9%" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>Item&nbsp;7.</font></p> </td>
        <td width="568" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><u><font size=2>Exemption From Registration Claimed</font></u><font size=2>.</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:5.23%;text-align:left;'><font size=2>Not applicable.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="9%" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>Item&nbsp;8.</font></p> </td>
        <td width="568" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><u><font size=2>Exhibits</font></u><font size=2>.</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:5.23%;text-align:left;'><font size=2>Reference is made to the Exhibit index.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'></p>





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    <tr >
        <td width="9%" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>Item&nbsp;9.</font></p> </td>
        <td width="568" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><u><font size=2>Undertakings</font></u>.</p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:5.23%;text-align:left;'><font size=2>(a) The undersigned registrant hereby undertakes:</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:5.23%; text-indent:5.23%;text-align:left;'><font size=2>(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:7.85%; text-indent:5.23%;text-align:left;'><font size=2>(i) To include any prospectus required by Section 10(a)(3) of the Securities Act;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:7.85%; text-indent:5.23%;text-align:left;'><font size=2>(ii) To reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high and of the estimated maximum offering range may be reflected in the form of prospectus filed with the SEC pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20 percent change in the maximum aggregate offering price set forth in the &#147;Calculation of Registration Fee&#148; table in the effective Registration Statement;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:7.85%; text-indent:5.23%;text-align:left;'><font size=2>(iii) To include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any material change to such information in this Registration Statement;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><i><font size=2>provided, however</font></i><font size=2>, that the undertakings set forth in paragraphs (a)(1)(i) and (a)(1)(ii) above do not apply if the Registration Statement is on Form S-3, Form S-8 or Form F-3, and the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with or furnished to the SEC by the registrant pursuant to Section 13 or 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:5.23%; text-indent:5.23%;text-align:left;'><font size=2>(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial </font><i><font size=2>bona fide</font></i><font size=2> offering thereof.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:5.23%; text-indent:5.23%;text-align:left;'><font size=2>(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:5.23%;text-align:left;'><font size=2>(b) The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the registrant&#146;s annual report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan&#146;s annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in this Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:5.23%;text-align:left;'><font size=2>(c) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.</font></p>





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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>SIGNATURES</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:5.23%;text-align:left;'><font size=2>Pursuant to the requirements of the Securities Act, the Company certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Pryor, State of Oklahoma, on this 13th day of September 2005.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:12pt; margin-top:0pt; margin-left:53.85%;text-align:left;'><font SIZE=2>ORCHIDS PAPER PRODUCTS COMPANY</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; margin-left:53.85%;text-align:left;'><font size=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="96%" style='border-collapse:collapse'>
    <tr >
        <td width="55%" nowrap valign=top style='padding:0pt 0pt 0pt 0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="7%" nowrap valign=top style='padding:0pt 0pt 0pt 0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=2>By:</font></p> </td>
        <td  nowrap colspan="4" valign=top style='padding:0pt 0pt 0pt 0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><u><font size=2>/s/ Keith Schroeder&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</font></u></p> </td> </tr>
    <tr >
        <td  nowrap colspan="2" valign=top style='padding:0pt 0pt 0pt 0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="2" valign=top style='padding:0pt 0pt 0pt 0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>Keith Schroeder</font></p> </td>
        <td style='padding:0pt 0pt 0pt 0pt'  colspan="2">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >
        <td  nowrap colspan="2" valign=top style='padding:0pt 0pt 0pt 0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td  nowrap colspan="3" valign=top style='padding:0pt 0pt 0pt 0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>Vice President and Chief Financial</font></p> </td>
        <td style='padding:0pt 0pt 0pt 0pt' width="0%">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr >
        <td  nowrap colspan="2" valign=top style='padding:0pt 0pt .75pt 0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:.75pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="10%" nowrap valign=top style='padding:0pt 0pt .75pt 0pt; '>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>Officer</font></p> </td>
        <td style='padding:0pt 0pt 0pt 0pt'  colspan="3">
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt'><font size=1>&nbsp;</font></td> </tr>
    <tr>
        <td width="403" ></td>

        <td width="58" ></td>

        <td width="74" ></td>

        <td width="62" ></td>

        <td width="123" ></td>

        <td width="3" ></td> </tr> </table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:8.46%;text-align:left;'><font size=2>Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>POWER OF ATTORNEY</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt; text-indent:7.69%;text-align:left;'><font size=2>Each person whose signature appears below hereby constitutes and appoints Michael P. Sage and Keith R. Schroeder, and each of them, his or her true and lawful attorneys-in-fact and agents, with full power of substitution, to sign any amendments (including post-effective amendments) and supplements to this registration statement (and any additional registration statement related thereto permitted by Rule&nbsp;462(b) promulgated under the Securities Act of 1933), and to file such amendments and any related documents with the Securities and Exchange Commission, and ratifies and confirms the actions that any such attorney-in-fact and agents, or their substitutes, may lawfully do or cause to be done under this power of attorney.</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


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    <tr >
        <td width="40%" style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="2%" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="35%" style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="2%" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="18%" style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="256" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:normal'><u><font size=2>Signature</font></u></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="19" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="225" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:normal'><u><font size=2>Title</font></u></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="19" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="18%" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:normal'><u><font size=2>Date</font></u></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr style='height:12.0pt'>
        <td width="256" style='padding:0pt 0pt 0pt 0pt;height:12.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" style='padding:0pt 0pt 0pt 0pt; height:12.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" style='padding:0pt 0pt 0pt 0pt; height:12.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="256" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:48.0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>/s/ Douglas E. Hailey</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>_______________________________</font></p>
<p style='margin-left:0pt;text-indent:57.0pt;text-align:left;margin-top:0pt;margin-bottom:.75pt;line-height: normal'><font size=2>Douglas E. Hailey</font></p> </td>
        <td width="19" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="225" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:12.0pt;text-indent:-12.0pt;text-align:center;margin-top:0pt;margin-bottom:12.0pt;line-height:normal'><font size=2>Chairman of the Board of Directors</font></p> </td>
        <td width="19" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="18%" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>September 13, 2005</font></p> </td> </tr>
    <tr style='height:12.0pt'>
        <td width="256" style='padding:0pt 0pt 0pt 0pt;height:12.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" style='padding:0pt 0pt 0pt 0pt; height:12.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" style='padding:0pt 0pt 0pt 0pt; height:12.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="256" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:53.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>/s/ Michael P. Sage</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>_______________________________</font></p>
<p style='margin-left:0pt;text-indent:62.25pt;text-align:left;margin-top:0pt;margin-bottom:.75pt;line-height: normal'><font size=2>Michael P. Sage</font></p> </td>
        <td width="19" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="225" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:12.25pt;text-indent:-12.25pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>Chief Executive Officer and Director (Principal Executive Officer)</font></p> </td>
        <td width="19" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="18%" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>September 13, 2005</font></p> </td> </tr>
    <tr style='height:12.0pt'>
        <td width="256" style='padding:0pt 0pt 0pt 0pt;height:12.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" style='padding:0pt 0pt 0pt 0pt; height:12.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" style='padding:0pt 0pt 0pt 0pt; height:12.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="256" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:59.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>&nbsp;</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>_______________________________</font></p>
<p style='margin-left:0pt;text-indent:68.25pt;text-align:left;margin-top:0pt;margin-bottom:.75pt;line-height: normal'><font size=2>Gary Arnold</font></p> </td>
        <td width="19" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="225" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:12.0pt;text-indent:-12.0pt;text-align:center;margin-top:0pt;margin-bottom:12.0pt;line-height:normal'><font size=2>Director</font></p> </td>
        <td width="19" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="18%" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>September ___, 2005</font></p> </td> </tr>
    <tr style='height:12.0pt'>
        <td width="256" style='padding:0pt 0pt 0pt 0pt;height:12.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" style='padding:0pt 0pt 0pt 0pt; height:12.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" style='padding:0pt 0pt 0pt 0pt; height:12.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="256" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:40.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>/s/ B. Kent Garlinghouse </font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>_______________________________</font></p>
<p style='margin-left:0pt;text-indent:49.5pt;text-align:left;margin-top:0pt;margin-bottom:.75pt;line-height: normal'><font size=2>B. Kent Garlinghouse</font></p> </td>
        <td width="19" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="225" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:12.0pt;text-indent:-12.0pt;text-align:center;margin-top:0pt;margin-bottom:12.0pt;line-height:normal'><font size=2>Director</font></p> </td>
        <td width="19" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="18%" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>September 13, 2005</font></p> </td> </tr>
    <tr style='height:12.0pt'>
        <td width="256" style='padding:0pt 0pt 0pt 0pt;height:12.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" style='padding:0pt 0pt 0pt 0pt; height:12.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" style='padding:0pt 0pt 0pt 0pt; height:12.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="256" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:12.0pt;text-indent:41.25pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height: normal'><font size=2>/s/ John C. Guttilla</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>_______________________________</font></p>
<p style='margin-left:0pt;text-indent:62.25pt;text-align:left;margin-top:0pt;margin-bottom:.75pt;line-height: normal'><font size=2>John C. Guttilla</font></p> </td>
        <td width="19" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="225" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:12.0pt;text-indent:-12.0pt;text-align:center;margin-top:0pt;margin-bottom:12.0pt;line-height:normal'><font size=2>Director</font></p> </td>
        <td width="19" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="18%" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>September 13, 2005</font></p> </td> </tr>
    <tr style='height:4.0pt'>
        <td width="256" style='padding:0pt 0pt 0pt 0pt;height:4.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" style='padding:0pt 0pt 0pt 0pt; height:4.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" style='padding:0pt 0pt 0pt 0pt; height:4.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>





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<BR>

<table border="0" cellspacing=0 cellpadding=0 width="100%">
    <tr >
        <td width="37%" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:45.75pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>/s/ Keith Schroeder</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>_______________________________</font></p>
<p style='margin-left:0pt;text-indent:54.75pt;text-align:left;margin-top:0pt;margin-bottom:.75pt;line-height: normal'><font size=2>Keith Schroeder</font></p> </td>
        <td width="0%" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="43%" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:12.25pt;text-indent:-12.25pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>Vice President and Chief Financial<BR>
 Officer (Principal Financial and <BR>Accounting Officer)</font></p> </td>
        <td width="0%" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="18%" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>September 13, 2005</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>





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<p style=' margin-bottom:0pt; margin-top:0pt;text-align:center;'><B><font SIZE=2>INDEX TO EXHIBITS</font></B></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="90%" >
    <tr >
        <td width="11%" style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="2%" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="86%" style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="11%" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>Exhibit</font><br> <u><font size=2>Number</font></u></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="2%" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="86%" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><u><font size=2>Document</font></u></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="11%" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>3.1*</font></p> </td>
        <td width="2%" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="86%" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>Amended and Restated Certificate of Incorporation of the Registrant</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="11%" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>3.2*</font></p> </td>
        <td width="2%" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="86%" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>Amended and Restated Bylaws of the Registrant</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="11%" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>5.1</font></p> </td>
        <td width="2%" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="86%" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2><A HREF="exh5-1.htm">Opinion of Bryan Cave LLP</A></font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="11%" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>10.1*</font></p> </td>
        <td width="2%" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="86%" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>Stock Incentive Plan</font></p>
<p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="11%" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>23.1</font></p> </td>
        <td width="2%" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="86%" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2><A HREF="exh23-1.htm">Consent of Taylor Tullius Sartain &amp; Sartain LLP</A></font></p> </td> </tr>
    <tr style='height:6.0pt'>
        <td width="11%" style='padding:0pt 0pt 0pt 0pt;height:6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" style='padding:0pt 0pt 0pt 0pt; height:6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="11%" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>23.2</font></p> </td>
        <td width="2%" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="86%" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>Consent of Bryan Cave LLP (contained in Exhibit 5.1)</font></p> </td> </tr>
    <tr style='height:6.0pt'>
        <td width="11%" style='padding:0pt 0pt 0pt 0pt;height:6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td  colspan="2" style='padding:0pt 0pt 0pt 0pt; height:6.0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td> </tr>
    <tr >
        <td width="11%" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:center;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>24.1</font></p> </td>
        <td width="2%" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=1>&nbsp;</font></p> </td>
        <td width="86%" valign=bottom style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>Power of Attorney (included in signature page)</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>______________</font></p>


<table border="0" cellspacing=0 cellpadding=0 width="100%" style='border-collapse:collapse'>
    <tr >
        <td width="4%" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>*</font></p> </td>
        <td width="599" valign=top style='padding:0pt 0pt 0pt 0pt'>
            <p style='margin-left:0pt;text-indent:0pt;text-align:left;margin-top:0pt;margin-bottom:0pt;line-height:normal'><font size=2>Incorporated by reference to the Company&#146;s Registration Statement on Form S-1, as amended (File No. 333-124173).</font></p> </td> </tr></table>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:justify;'><font size=2>&nbsp;</font></p>

<p style=' margin-bottom:0pt; margin-top:0pt;text-align:left;'><font size=2>&nbsp;</font></p>



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[{"type": "S-8", "sequence": "1", "filename": "forms8_091305.htm", "description": "FORM S-8", "secsgml_size_bytes": 75776}]
{"company-data": {"conformed-name": "Orchids Paper Products CO /DE", "cik": "0001324189", "assigned-sic": "2621", "irs-number": "232956944", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-128293", "film-number": "051082842"}, "business-address": {"street1": "4826 HUNT STREET", "city": "PRYOR", "state": "OK", "zip": "74361", "phone": "918-825-0616"}, "mail-address": {"street1": "4826 HUNT STREET", "city": "PRYOR", "state": "OK", "zip": "74361"}}
As filed with the Securities and Exchange Commission on September 13, 2005
Registration No. 333-__________
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM S-8
REGISTRATION STATEMENT
Under
The Securities Act of 1933
ORCHIDS PAPER PRODUCTS COMPANY
(Exact name of Registrant as specified in its charter)
Delaware
23-2956944
(State of incorporation)
(I.R.S. Employer Identification No.)
4826 Hunt Street
Pryor, Oklahoma 74361
(918) 825-0616
(Address of principal executive offices, including zip code, and telephone number)
Orchids Paper Products Company Stock Incentive Plan
(Full title of the plans)
Michael P. Sage
Chief Executive Officer
Orchids Paper Products Company
4826 Hunt Street
Pryor, Oklahoma 74361
(918) 825-0616
(Name, address, and telephone number, including area code, of agent for service)
Copies to:
Donald E. Figliulo, Esq.
C. Brendan Johnson, Esq.
Bryan Cave LLP
161 North Clark Street
Chicago, Illinois 60601
(312) 602-5000
(312) 602-5050 (fax)
CALCULATION OF REGISTRATION FEE
Title of Securities
To be Registered
Amount
to be
Registered(1)
Proposed
Maximum
Offering Price
Per Share
Proposed
Maximum
Aggregate
Offering Price
Amount of
Registration
Fee
Common Stock $0.001 par value
465,000(2)
$8.77(3)
$4,078,050
$479.99
(1)
Pursuant to Rule 416(a), this Registration Statement shall also cover any additional shares of the Registrant's common stock, par value $0.001 per share (the "Common Stock"), that become issuable under the Orchids Paper Products Company Stock Incentive Plan (the "Plan") by reason of any stock dividend, stock split, recapitalization or other similar transaction effected without receipt of consideration that increases the number of outstanding shares of Common Stock.
(2)
Represents 270,000 shares of Common Stock reserved for issuance upon the exercise of outstanding options granted under the Plan and 195,000 shares of Common Stock available for future grants under the Plan.
(3)
This estimate is made pursuant to Rule 457(h) solely for purposes of calculating the registration fee, and is determined according to the following information: (a) for the 270,000 shares of Common Stock reserved for issuance upon the exercise of outstanding options granted under the Plan, the Proposed Maximum Offering Price Per Share is $8.00 per share, which is the weighted average exercise price of the options granted under the Plan and (b) for the 195,000 shares of Common Stock available for future grants under the Plan, the average ($9.825) of the high ($9.90) and low ($9.75) prices for the Registrant's Common Stock reported by the American Stock Exchange on September 9, 2005.
PART I
INFORMATION REQUIRED IN THE SECTION 10 (a) PROSPECTUS
Item 1.
Plan Information
.
Not required to be filed with this Registration Statement.
Item 2.
Registrant Information and Employee Plan Annual Information
.
Not required to be filed with this Registration Statement.
PART II
INFORMATION REQUIRED IN THE REGISTRATION STATEMENT
Item 3.
Incorporation of Documents by Reference
.
The following documents previously filed with the Securities and Exchange Commission (the "SEC") by Orchids Paper Products Company (the "Company"), are incorporated by reference in this Registration Statement:
(a)
the Prospectus filed by the Company pursuant to Rule 424(b)(4) under the Securities Act of 1933, as amended, relating to the Registration Statement on Form S-1, as amended (File No. 333-124173), filed on July 6, 2005, which contains audited financial statements of the Company for the latest fiscal year for which such statements have been filed;
(b)
the Quarterly Report on Form 10-Q for the fiscal quarter ended June 30, 2005, filed on August 26, 2005, as amended on September 1, 2005; and
(c)
the description of the Company's Common Stock contained in the Company's Registration Statement on Form 8-A (No. 001-32563) filed under Section 12(b) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), on July 8, 2005, including any subsequent amendment or report filed for the purpose of amending such description.
All documents filed by the Company pursuant to Sections 13(a), 13(c), 14 or 15(d) of the Exchange Act after the date of this Registration Statement and prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, are incorporated by reference in this Registration Statement and are a part hereof from the date of filing such documents. Any statement contained in a document incorporated or deemed to be incorporated by reference herein shall be deemed to be modified or superseded for purposes of this Registration Statement to the extent that a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated by reference herein modifies or supersedes such statement. Any such statement so modified or superseded shall not be deemed, except as
so modified or superseded, to constitute a part of this Registration Statement.
Item 4.
Description of Securities
.
Not applicable.
Item 5.
Interests of Named Experts and Counsel
.
Not applicable.
Item 6.
Indemnification of Directors and Officers
.
The Company's amended and restated certificate of incorporation provides that, to the fullest extent permitted by the Delaware General Corporation Law as the same exists or may hereafter be amended, the Company's directors shall not be liable to the Company or its stockholders for monetary damages for breach of fiduciary duty as a director.  In addition, the Company's certificate of incorporation provides that it may, to the fullest extent permitted by law, indemnify any person made or threatened to be made a party to an action, suit or proceeding, whether criminal, civil, administrative or investigative, by reason of the fact that such person or his or her testator or intestate is or was a director, officer or employee of the Company, or any predecessor of the Company, or serves or served at any other enterprise as a director, officer or employee at the request of the Company.
The Company's amended and restated bylaws provide that the Company will indemnify its directors and officers to the fullest extent not prohibited by the Delaware General Corporation Law or any other law.  The Company is not required to indemnify any director or officer in connection with a proceeding brought by such director or officer unless (i) such indemnification is expressly required by law; (ii) the proceeding was authorized by its board of directors; or (iii) such indemnification is provided by the Company, in its sole discretion, pursuant to the powers vested in the Company under the Delaware General Corporation Law or any other applicable law.  In addition, the Company's bylaws provide that the Company may indemnify its employees and other agents as set forth in the Delaware General Corporation Law or any other applicable law.
The Company has entered into separate indemnification agreements with its directors that require it, among other things, to indemnify each of them against certain liabilities that may arise by reason of their status or service with the Company or on behalf of the Company, other than liabilities arising from willful misconduct of a culpable nature.  The Company will not be required to indemnify under the agreement for (i) actions initiated by the director without the authorization of consent of the board of directors; (ii) actions initiated to enforce the indemnification agreement unless the director is successful; (iii) actions resulting from violations of Section 16 of the Exchange Act in which a final judgment has been rendered against the director; and (iv) actions to enforce any non-compete or non-disclosure provisions of any agreement.
The indemnification provided for above provides for reimbursement of all losses of the indemnified party including, expenses, judgment, fines and amounts paid in settlement.  The right to indemnification set forth above includes the right for us to pay the expenses (including attorneys' fees) incurred in defending any such proceeding in advance of its final disposition in certain circumstances.
The Delaware General Corporation Law provides that indemnification is permissible only when the director, officer, employee, or agent acted in good faith and in a manner reasonably believed to be in or not opposed to the best interests of the corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to believe the conduct was unlawful.  The Delaware General Corporation Law also precludes indemnification in respect of any claim, issue, or matter as to which an officer, director, employee, or agent shall have been adjudged to be liable to the corporation unless and only to the extent that the Court of Chancery of the State of Delaware or the court in which such action or suit was brought shall determine that, despite such adjudication of liability, but in view of all the circumstances of the case, such person is fairly and reasonably entitled to indemnity for
such expenses which the Court of Chancery or such other court deems proper.
Item 7.
Exemption From Registration Claimed
.
Not applicable.
Item 8.
Exhibits
.
Reference is made to the Exhibit index.
Item 9.
Undertakings
.
(a) The undersigned registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement;
(i) To include any prospectus required by Section 10(a)(3) of the Securities Act;
(ii) To reflect in the prospectus any facts or events arising after the effective date of this Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this Registration Statement. Notwithstanding the foregoing, any increase or decrease in volume of securities offered (if the total dollar value of securities offered would not exceed that which was registered) and any deviation from the low or high and of the estimated maximum offering range may be reflected in the form of prospectus filed with the SEC pursuant to Rule 424(b) if, in the aggregate, the changes in volume and price represent no more than 20 percent change in the maximum aggregate offering price set forth in the "Calculation of Registration Fee" table in the effective Registration Statement;
(iii) To include any material information with respect to the plan of distribution not previously disclosed in this Registration Statement or any material change to such information in this Registration Statement;
provided, however
, that the undertakings set forth in paragraphs (a)(1)(i) and (a)(1)(ii) above do not apply if the Registration Statement is on Form S-3, Form S-8 or Form F-3, and the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with or furnished to the SEC by the registrant pursuant to Section 13 or 15(d) of the Exchange Act that are incorporated by reference in this Registration Statement.
(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial
bona fide
offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
(b) The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the registrant's annual report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in this Registration Statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(c) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Securities Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of
appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.
SIGNATURES
Pursuant to the requirements of the Securities Act, the Company certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Pryor, State of Oklahoma, on this 13th day of September 2005.
ORCHIDS PAPER PRODUCTS COMPANY
By:
/s/ Keith Schroeder
Keith Schroeder
Vice President and Chief Financial
Officer
Pursuant to the requirements of the Securities Act, this Registration Statement has been signed by the following persons in the capacities and on the dates indicated.
POWER OF ATTORNEY
Each person whose signature appears below hereby constitutes and appoints Michael P. Sage and Keith R. Schroeder, and each of them, his or her true and lawful attorneys-in-fact and agents, with full power of substitution, to sign any amendments (including post-effective amendments) and supplements to this registration statement (and any additional registration statement related thereto permitted by Rule 462(b) promulgated under the Securities Act of 1933), and to file such amendments and any related documents with the Securities and Exchange Commission, and ratifies and confirms the actions that any such attorney-in-fact and agents, or their substitutes, may lawfully do or cause to be done under this power of attorney.
Signature
Title
Date
/s/ Douglas E. Hailey
_______________________________
Douglas E. Hailey
Chairman of the Board of Directors
September 13, 2005
/s/ Michael P. Sage
_______________________________
Michael P. Sage
Chief Executive Officer and Director (Principal Executive Officer)
September 13, 2005
_______________________________
Gary Arnold
Director
September ___, 2005
/s/ B. Kent Garlinghouse
_______________________________
B. Kent Garlinghouse
Director
September 13, 2005
/s/ John C. Guttilla
_______________________________
John C. Guttilla
Director
September 13, 2005
/s/ Keith Schroeder
_______________________________
Keith Schroeder
Vice President and Chief Financial
Officer (Principal Financial and
Accounting Officer)
September 13, 2005
INDEX TO EXHIBITS
Exhibit
Number
Document
3.1*
Amended and Restated Certificate of Incorporation of the Registrant
3.2*
Amended and Restated Bylaws of the Registrant
5.1
Opinion of Bryan Cave LLP
10.1*
Stock Incentive Plan
23.1
Consent of Taylor Tullius Sartain & Sartain LLP
23.2
Consent of Bryan Cave LLP (contained in Exhibit 5.1)
24.1
Power of Attorney (included in signature page)
______________
*
Incorporated by reference to the Company's Registration Statement on Form S-1, as amended (File No. 333-124173).