Jun 20, 2006. /Lesprom Network/. Appleton has terminated the employment of Dale Parker, the company's former chief financial officer. Parker's departure from Appleton resulted from recommendations made by the audit committee of Paperweight Development Corp., the parent company of Appleton, as part of an independent review of issues concerning travel and expense reimbursements, gifts to certain employees and related record-keeping practices. The audit committee concluded that Parker intentionally submitted or approved travel and expense reports which misrepresented as business expenses certain expenses which were actually personal in nature. The expenses involved were not material amounts and were allegedly incurred as approved gifts from the company. While the misreporting had no material effect on Appleton's financial results or financial statements for any period, Parker's actions violated Appleton's code of business conduct and ethics as well as the company's travel and expense reporting policy. Appleton uses ideas that make a difference to create product solutions through its development and use of coating formulations and applications as well as encapsulation, security, printing and packaging technologies. The Company produces carbonless, thermal, security, and performance packaging products and provides secure and specialized print services. Appleton is headquartered in Appleton, Wisconsin, and has manufacturing operations in Wisconsin, Ohio, Pennsylvania, Massachusetts and the United Kingdom, employs approximately 3 300 people, and is 100% employee-owned.