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  <p align="center" style="border:none;margin:0in 0in .0001pt;padding:0in;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
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  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">UNITED STATES</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">SECURITIES AND EXCHANGE
  COMMISSION</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Washington, D.C.&#160; 20549</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <div align="center" style="margin:0in 0in .0001pt;text-align:center;"><hr size="1" width="25%" noshade color="black" align="center"></div>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">FORM&nbsp;8-K</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <div align="center" style="margin:0in 0in .0001pt;text-align:center;"><hr size="1" width="25%" noshade color="black" align="center"></div>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Current Report</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">&nbsp;</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Pursuant to Section&nbsp;13 or
  15(d)&nbsp;of the</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="3" face="Times New Roman" style="font-size:12.0pt;font-weight:bold;">Securities Exchange Act of 1934</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date of Report (Date of
  earliest event reported):<b>&#160; May&nbsp;15, 2008</b></font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <div align="center" style="margin:0in 0in .0001pt;text-align:center;"><hr size="1" width="25%" noshade color="black" align="center"></div>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="5" face="Times New Roman" style="font-size:18.0pt;font-weight:bold;">NEENAH PAPER, INC.</font></b></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Exact Name Of Registrant
  As Specified In Charter)</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <div align="center" style="margin:0in 0in .0001pt;text-align:center;"><hr size="1" width="25%" noshade color="black" align="center"></div>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
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    <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Delaware</font></b></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
    </td>
    <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">001-32240</font></b></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
    </td>
    <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">20-1308307</font></b></p>
    </td>
   </tr>
   <tr>
    <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(State of Incorporation)</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Commission File No.)</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(I.R.S. Employer</font></p>
    </td>
   </tr>
   <tr>
    <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="2%" valign="bottom" style="padding:0in .7pt 0in .7pt;width:2.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="32%" valign="top" style="padding:0in .7pt 0in .7pt;width:32.0%;">
    <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Identification No.)</font></p>
    </td>
   </tr>
  </table>
  
  </div>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">3460
  Preston Ridge Road <br>
  Alpharetta, Georgia 30005</font></b><font size="2" style="font-size:10.0pt;"><br> (Address of principal executive
  offices, including zip code)</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">(678)
  566-6500</font></b><font size="2" style="font-size:10.0pt;"><br> (Registrant&#146;s telephone number,
  including area code)</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Not applicable </font></b><font size="2" style="font-size:10.0pt;"><br>
  (Former name or address, if changed since last report)</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <div align="center" style="margin:0in 0in .0001pt;text-align:center;"><hr size="1" width="25%" noshade color="black" align="center"></div>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Check
  the appropriate box below if the Form&nbsp;8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any of the
  following provisions (see General Instruction A.2 below):</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">&#168;</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160; Written communications pursuant to Rule&nbsp;425
  under the Securities Act (17 CFR 230.425)</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">&#168;</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160; Soliciting material pursuant to Rule&nbsp;14a-12
  under the Exchange Act (17 CFR 240.14a-12)</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">&#168;</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160; </font><font size="2" style="font-size:10.0pt;">Pre-commencement
  communications pursuant to Rule&nbsp;14d-2(b)&nbsp;under the Exchange Act (17
  CFR 240.14d-2(b))</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Wingdings" style="font-size:10.0pt;">&#168;</font><font size="2" style="font-size:10.0pt;">&#160;&#160;&#160;&#160;&#160;&#160; Pre-commencement communications pursuant
  to Rule&nbsp;13e-4(c)&nbsp;under the Exchange Act (17 CFR 240.13e(4)(c))</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <div style="border:none;border-bottom:double windowtext 6.0pt;padding:0in 0in 0in 0in;">
  
  <p style="border:none;margin:0in 0in .0001pt;padding:0in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  </div>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
  
  </div>
  <!-- SEQ.=1,FOLIO='',FILE='C:\JMS\rmoralec\08-14587-1\task2944162\14587-1-ba.htm',USER='rmoralec',CD='May 15 16:44 2008' -->
  
  
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  <div>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">Item
  1.01&#160; Entry into a Material Definitive
  Agreement</font></b></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">On
  May&nbsp;15, 2008, Neenah Paper,&nbsp;Inc. (the &#147;<b>Company</b>&#148;)
  entered into the Sixth Amendment (the &#147;<b>Sixth Amendment</b>&#148;)
  to its Credit Agreement dated as of November&nbsp;30, 2004 (as previously
  amended, the &#147;<b>Credit Agreement</b>&#148;), by and among
  the Company, certain of its subsidiaries as co-borrowers or guarantors, the
  Lenders party thereto and JPMorgan Chase Bank, N.A., as agent for the Lenders,
  relating to the Company&#146;s $210.0 million senior secured, revolving credit
  facility (the <b>&#147;Revolver&#148;</b>). The Sixth Amendment,
  among other things (i)&nbsp;consents to the expected disposition of the pulp
  mill operated by Neenah Paper Company of Canada in Pictou County, Nova Scotia
  and certain related assets and facilities other than that subsidiary&#146;s
  timberland properties (the <b>&#147;Pictou Disposition</b>&#148;),
  (ii)&nbsp;adjusts the Company&#146;s borrowing base once the Pictou Disposition is
  consummated in order to mitigate the impact of such disposition and (iii)&nbsp;makes
  certain definitional, administrative and covenant modifications to the Credit
  Agreement in contemplation of the Pictou Disposition.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Under
  the terms of the Sixth Amendment, effective upon completion of the Pictou
  Disposition, borrowings under the Revolver will bear interest, at the Company&#146;s
  option, at either (A)&nbsp;the Alternate Base Rate plus a spread, based on
  availability under the Company&#146;s borrowing base, ranging from 0 percent to 2.00
  percent, or (B)&nbsp;LIBOR plus a spread, based on the Company&#146;s borrowing base
  availability, ranging from 1.25 percent to 3.50 percent.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">The
  Credit Agreement, as amended by the Sixth Amendment, contains events of default
  customary for financings of this type, including failure to pay principal or
  interest, materially false representations or warranties, failure to observe
  covenants and other terms of the revolving credit facility, cross-defaults to
  other indebtedness, bankruptcy, insolvency, various ERISA violations, the
  incurrence of material judgments and changes in control.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Certain
  of the foregoing statements may constitute &#147;forward-looking&#148; statements as
  defined in Section&nbsp;27A of the Securities Act of 1933 (the &#147;<b>Securities Act</b>&#148;), Section&nbsp;21E of the Securities
  Exchange Act of 1934 (the &#147;<b>Exchange Act</b>&#148;),
  the Private Securities Litigation Reform Act of 1995 (the &#147;<b>PSLRA</b>&#148;),
  or in releases made by the Securities and Exchange Commission, all as may be
  amended from time to time.&#160; Statements
  contained herein that are not historical facts may be forward-looking
  statements within the meaning of the PSLRA.&#160;
  Any such forward-looking statements reflect our beliefs and assumptions
  and are based on information currently available to us and are subject to risks
  and uncertainties that could cause actual results to differ materially
  including, but not limited to, changes in U.S./Canadian dollar, U.S./Euro and
  other currency exchange rates, changes in pulp prices, the cost or availability
  of raw materials, unanticipated expenditures related to the cost of compliance
  with environmental and other governmental regulations, the ability of the
  Company to realize anticipated cost savings.&#160;
  Forward-looking statements are only predictions and involve known and
  unknown risks, uncertainties and other factors that may cause our actual
  results, performance or achievements, or industry results, to be materially
  different from any future results, performance or achievements expressed or
  implied by such forward-looking statements.&#160;
  We undertake no obligation to publicly update any forward-looking
  statements, whether as a result of new information, future events or
  otherwise.&#160; These cautionary statements
  are being made pursuant to the Securities Act, the Exchange Act and the PSLRA
  with the intention of obtaining the benefits of the &#147;safe harbor&#148; provisions of
  such laws.&#160; The Company cautions
  investors that any forward-looking statements we make are not guarantees or
  indicative of future performance.</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p align="center" style="margin:0in 0in .0001pt;text-align:center;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">2</font></p>
  
  <div style="margin:0in 0in .0001pt;"><hr size="3" width="100%" noshade color="#010101" align="left"></div>
  
  </div>
  <!-- SEQ.=1,FOLIO='2',FILE='C:\JMS\rmoralec\08-14587-1\task2944162\14587-1-ba.htm',USER='rmoralec',CD='May 15 16:44 2008' -->
  
  
  <br clear="all" style="page-break-before:always;">
  
  
  <div>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;text-transform:uppercase;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;text-transform:none;">SIGNATURE</font></b></p>
  
  <p style="font-weight:bold;margin:0in 0in .0001pt;page-break-after:avoid;text-align:center;text-transform:uppercase;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></b></p>
  
  <p style="margin:0in 0in .0001pt;text-indent:.5in;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">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 hereunto duly authorized.</font></p>
  
  <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
  
  <table border="0" cellspacing="0" cellpadding="0" width="100%" style="border-collapse:collapse;width:100.0%;">
   <tr>
    <td width="43%" valign="top" style="padding:0in .7pt 0in .7pt;width:43.36%;">
    <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:1.0pt;font-weight:bold;">&nbsp;</font></b></p>
    </td>
    <td width="56%" valign="top" style="padding:0in .7pt 0in .7pt;width:56.64%;">
    <p style="margin:0in 0in .0001pt;"><b><font size="2" face="Times New Roman" style="font-size:10.0pt;font-weight:bold;">NEENAH PAPER, INC.</font></b></p>
    </td>
   </tr>
   <tr>
    <td width="43%" valign="top" style="padding:0in .7pt 0in .7pt;width:43.36%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:1.0pt;">&nbsp;</font></p>
    </td>
    <td width="56%" valign="top" style="padding:0in .7pt 0in .7pt;width:56.64%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">(Registrant)</font></p>
    </td>
   </tr>
   <tr>
    <td width="43%" valign="top" style="padding:0in .7pt 0in .7pt;width:43.36%;">
    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">&nbsp;</font></p>
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    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Date: May 15, 2008</font></p>
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    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">/s/ STEVEN S. HEINRICHS</font></p>
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    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Steven S. Heinrichs </font></p>
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    <p style="margin:0in 0in .0001pt;"><font size="2" face="Times New Roman" style="font-size:10.0pt;">Senior Vice President, General Counsel and Secretary</font></p>
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metadata_filer: {"company-data": {"conformed-name": "Neenah Paper Inc", "cik": "0001296435", "assigned-sic": "2621", "irs-number": "201308307", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "001-32240", "film-number": "08838674"}, "business-address": {"street1": "3460 PRESTON RIDGE ROAD", "city": "ALPHARETTA", "state": "GA", "zip": "30005", "phone": "678-566-6500"}, "mail-address": {"street1": "3460 PRESTON RIDGE ROAD", "city": "ALPHARETTA", "state": "GA", "zip": "30005"}}
text: UNITED STATES
  SECURITIES AND EXCHANGE
  COMMISSION
  Washington, D.C.  20549
  FORM 8-K
  Current Report
  Pursuant to Section 13 or
  15(d) of the
  Securities Exchange Act of 1934
  Date of Report (Date of
  earliest event reported):
  May 15, 2008
  NEENAH PAPER, INC.
  (Exact Name Of Registrant
  As Specified In Charter)
  Delaware
  001-32240
  20-1308307
  (State of Incorporation)
  (Commission File No.)
  (I.R.S. Employer
  Identification No.)
  3460
  Preston Ridge Road
  Alpharetta, Georgia 30005
  (Address of principal executive
  offices, including zip code)
  (678)
  566-6500
  (Registrant's telephone number,
  including area code)
  Not applicable
  (Former name or address, if changed since last report)
  Check
  the appropriate box below if the Form 8-K filing is intended to
  simultaneously satisfy the filing obligation of the registrant under any of the
  following provisions (see General Instruction A.2 below):
  ¨
  Written communications pursuant to Rule 425
  under the Securities Act (17 CFR 230.425)
  ¨
  Soliciting material pursuant to Rule 14a-12
  under the Exchange Act (17 CFR 240.14a-12)
  ¨
  Pre-commencement
  communications pursuant to Rule 14d-2(b) under the Exchange Act (17
  CFR 240.14d-2(b))
  ¨
  Pre-commencement communications pursuant
  to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e(4)(c))
  Item
  1.01  Entry into a Material Definitive
  Agreement
  On
  May 15, 2008, Neenah Paper, Inc. (the "
  Company
  ")
  entered into the Sixth Amendment (the "
  Sixth Amendment
  ")
  to its Credit Agreement dated as of November 30, 2004 (as previously
  amended, the "
  Credit Agreement
  "), by and among
  the Company, certain of its subsidiaries as co-borrowers or guarantors, the
  Lenders party thereto and JPMorgan Chase Bank, N.A., as agent for the Lenders,
  relating to the Company's $210.0 million senior secured, revolving credit
  facility (the
  "Revolver"
  ). The Sixth Amendment,
  among other things (i) consents to the expected disposition of the pulp
  mill operated by Neenah Paper Company of Canada in Pictou County, Nova Scotia
  and certain related assets and facilities other than that subsidiary's
  timberland properties (the
  "Pictou Disposition
  "),
  (ii) adjusts the Company's borrowing base once the Pictou Disposition is
  consummated in order to mitigate the impact of such disposition and (iii) makes
  certain definitional, administrative and covenant modifications to the Credit
  Agreement in contemplation of the Pictou Disposition.
  Under
  the terms of the Sixth Amendment, effective upon completion of the Pictou
  Disposition, borrowings under the Revolver will bear interest, at the Company's
  option, at either (A) the Alternate Base Rate plus a spread, based on
  availability under the Company's borrowing base, ranging from 0 percent to 2.00
  percent, or (B) LIBOR plus a spread, based on the Company's borrowing base
  availability, ranging from 1.25 percent to 3.50 percent.
  The
  Credit Agreement, as amended by the Sixth Amendment, contains events of default
  customary for financings of this type, including failure to pay principal or
  interest, materially false representations or warranties, failure to observe
  covenants and other terms of the revolving credit facility, cross-defaults to
  other indebtedness, bankruptcy, insolvency, various ERISA violations, the
  incurrence of material judgments and changes in control.
  Certain
  of the foregoing statements may constitute "forward-looking" statements as
  defined in Section 27A of the Securities Act of 1933 (the "
  Securities Act
  "), Section 21E of the Securities
  Exchange Act of 1934 (the "
  Exchange Act
  "),
  the Private Securities Litigation Reform Act of 1995 (the "
  PSLRA
  "),
  or in releases made by the Securities and Exchange Commission, all as may be
  amended from time to time.  Statements
  contained herein that are not historical facts may be forward-looking
  statements within the meaning of the PSLRA. 
  Any such forward-looking statements reflect our beliefs and assumptions
  and are based on information currently available to us and are subject to risks
  and uncertainties that could cause actual results to differ materially
  including, but not limited to, changes in U.S./Canadian dollar, U.S./Euro and
  other currency exchange rates, changes in pulp prices, the cost or availability
  of raw materials, unanticipated expenditures related to the cost of compliance
  with environmental and other governmental regulations, the ability of the
  Company to realize anticipated cost savings. 
  Forward-looking statements are only predictions and involve known and
  unknown risks, uncertainties and other factors that may cause our actual
  results, performance or achievements, or industry results, to be materially
  different from any future results, performance or achievements expressed or
  implied by such forward-looking statements. 
  We undertake no obligation to publicly update any forward-looking
  statements, whether as a result of new information, future events or
  otherwise.  These cautionary statements
  are being made pursuant to the Securities Act, the Exchange Act and the PSLRA
  with the intention of obtaining the benefits of the "safe harbor" provisions of
  such laws.  The Company cautions
  investors that any forward-looking statements we make are not guarantees or
  indicative of future performance.
  2
  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 hereunto duly authorized.
  NEENAH PAPER, INC.
  (Registrant)
  Date: May 15, 2008
  /s/ STEVEN S. HEINRICHS
  Steven S. Heinrichs
  Senior Vice President, General Counsel and Secretary
  3