QuickLinks -- Click here to rapidly navigate through this document

    Filing pursuant to Rule 425 under the Securities
Act of 1933 and deemed filed under Rule 14a-12
under the Securities Exchange Act of 1934

 

 

Filer: Boise Cascade Corporation

 

 

Subject Company: OfficeMax, Inc.

 

 

Exchange Act File Number of Subject Company:
1-13380


EMPLOYEE MEETING MATERIALS

Q&A—"MEETING IN A BOX" KIT

I.
Questions About the Transaction

1.
Exactly what has Boise announced?
2.
Why did Boise decide to announce this acquisition and its decision to evaluate strategic alternatives for its other businesses at the same time? Why not simply expand its office products business without changing its other business operations?
II.
Questions About Impact on Boise Office Solutions and the Industry

3.
What does this deal mean to the office products industry?
4.
What does Boise know about the retail business?
5.
How will this acquisition contribute to increased efficiencies and profitability at Boise?

1


6.
What synergies does Boise expect to achieve as a result of this acquisition? What is the type and dollar value of these expected savings, and how long will it take to realize them?
7.
What strengths and attributes of OfficeMax is Boise hoping to leverage? Why OfficeMax and not a different company?
8.
Will the division continue to be called Boise Office Solutions? Will OfficeMax's corporate identity be retained, or will it be completely converted to the BOS corporate identity?
9.
In what new regions or countries will Boise operate as a result of this acquisition?
10.
Will the names or identities of BOS's other subsidiaries—Grand and Toy, Boise Workspace, Reliable—change as a result of this acquisition?

2


11.
Who will manage the combined Boise Office Solutions/OfficeMax business? Will OfficeMax's current executives and managers stay on after the acquisition?
12.
Will the two companies' E-commerce sites be integrated?
13.
Will Boise Office Solutions and OfficeMax consolidate their headquarters? Where will the new entity be located?
14.
How does Boise plan to manage OfficeMax's operations, including its retail stores?
15.
Boise recently launched a new corporate brand. Will the new organization continue to reflect the Boise brand? Will OfficeMax's brand(s) be retained?
III.
Associate Questions—Boise Office Solutions (may also be applicable to other employees)

16.
Until the newly expanded business's management is announced, who will manage existing groups and departments? Where do associates go for management assistance?
17.
Will pay and benefits structures be rationalized? When will associates know what's changing?
18.
Does Boise Office Solutions plan to cut positions as a result of this acquisition? If so, how many and by when?

3


19.
How can BOS associates or other Boise employees find out about or apply for new opportunities in this newly expanded division?
20.
What can associates do to help ensure the success of this acquisition?
IV.
Other Employee Questions—Boise Paper Solutions, Boise Building Solutions

21.
Does Boise plan to cut positions in its other businesses? If so, how many and by when?
22.
Will pay and benefits structures be rationalized? When will employees know what's changing?
V.
Questions About Boise's Corporate Structure and Strategic Alternatives

23.
The announcement mentions that the company will evaluate "strategic alternatives" for its other businesses. Is my site/business/facility on the block?
24.
What do you mean by strategic alternatives? What are some of the alternatives being considered?

4


25.
When will we know what these strategic alternatives are? How long will we have uncertainty about the future of our site or business?
26.
Why did Boise decide to seek strategic alternatives for its other businesses at the same time it announced this office products acquisition? Can't the company continue to operate its paper and building products businesses while expanding its office products business?
27.
Are any related transactions underway now?
28.
What will the company look like after this transaction is complete and the strategic alternatives are identified and implemented? How will this structure result in greater shareholder value than the old structure?
29.
How long will it take to integrate the businesses?

5


30.
Has the company already appointed a transition team to manage the integration effort? Who serves on the team?
31.
Describe the transition plan and organizational structure for the company after the merger.
32.
Is BOS now the primary BCC company, with the Boise, Idaho, location being a branch operation?
33.
Will the BCC headquarters be moved from Boise to Itasca? When might this happen?
34.
As part of its strategic review, how likely is it that Boise will shut down commodity manufacturing capacity, either in paper or in building products?
35.
What led the company to finally consider breaking up its operations?
36.
Will Boise sell businesses, pieces of businesses, locations? For example, would the company sell just one of its building materials distribution centers?

6


37.
Will the company consider a spinoff to shareholders of one or more of its businesses?
38.
Will Boise sell its timberlands, all or in part?
39.
If the company puts assets up for sale, what happens if willing buyers don't step forward, as occurred with Boise's DeRidder, Louisiana, operation a few years ago? Would Boise lower the asking price of its assets or consider other alternatives?
40.
Does Boise intend to stay in the paper, building products manufacturing, and building materials distribution businesses?
41.
Boise management has often touted the advantages of integrating BOS and office papers. Does that mean, therefore, that Boise is likely to keep its uncoated free sheet paper mills?
42.
Are all of Boise's other businesses, sites, and timberlands being considered for divestiture or some other strategic alternative?
VI.
General Questions

43.
How does this transaction fit into Boise's overall corporate strategy?

7



Fact Sheet—Boise

        Boise is a major distributor of office products and building materials and an integrated manufacturer of paper and wood products. The company owns or controls approximately 2.4 million acres of timberland, primarily in the United States. Boise delivers office, building, and paper solutions that help our customers to manage productive offices and construct well-built homes—two of the most important activities in our society. Boise's 24,000 employees help people work more efficiently, build more effectively, and create new ways to meet business challenges. Boise also provides constructive solutions for environmental conservation by managing natural resources for the benefit of future generations.

Quick Facts

Boise's Businesses

Boise Office Solutions

Boise Paper Solutions

8


Boise Building Solutions

2002 Financial Highlights

Sales   $ 7.412 billion  
Net income   $ 11.3 million  
Net loss per basic and diluted common share   $ (.03 )
Shareholder's equity per common share   $ 21.59  
Capital expenditures   $ 266 million  
Number of common shareholders     14,360  
Number of common shares outstanding     58,283,719  

9



Fact Sheet—OfficeMax

        OfficeMax serves its customers through nearly 1,000 superstores, E-commerce websites, and direct-mail catalogs. The company has operations in the United States, Canada, Puerto Rico, the U.S. Virgin Islands, and Mexico. In addition to offering office products, business machines, and related items, OfficeMax superstores feature CopyMax and FurnitureMax, store-within-a-store modules devoted exclusively to print-for-pay services and office furniture. The company also reaches customers in the United States with an offering of over 40,000 items through its award-winning E-commerce site, OfficeMax.com, its direct-mail catalogs, and its outside sales force, all of which are serviced by its three PowerMax distribution facilities, 17 delivery centers, and two national customer call and contact centers.

Quick Facts

OfficeMax's Business

Domestic Segment

International Segment

10


Fiscal Year 2002 Financial Highlights

Sales   $ 4.776 billion
Net income   $ 73.7 million
Net income per basic common share   $ .60
Net income per diluted common share   $ .59
Shareholder's equity per common share   $ 6.28
Capital expenditures   $ 49 million
Number of common shareholders     3,704
Number of common shares outstanding     124,233,000

        The OfficeMax fiscal year ended January 25, 2003.

11




Employee Talking Points



DROP BOX Q AND A [Internal Intranet Site]

Please note:  Boise management is committed to answering your questions as thoroughly as possible. However, legal and regulatory requirements limit what information can be shared until after the OfficeMax acquisition has been completed. In addition, many decisions have not been made yet. Following are a few basic questions and answers that provide general information. More will be added regularly.

1.
Exactly what has Boise announced? posted 7/14/03
2.
Why did Boise decide to announce this acquisition and its decision to evaluate strategic alternatives for its other businesses at the same time? Why not simply expand its office products business without changing its other business operations? posted 7/14/03
3.
What does this deal mean to the office products industry? posted 7/14/03
4.
Will the division continue to be called Boise Office Solutions? Will OfficeMax's corporate identity be retained, or will it be completely converted to the BOS corporate identity? posted 7/14/03
5.
Who will manage the combined Boise Office Solutions/OfficeMax business? Will OfficeMax's current executives and managers stay on after the acquisition? posted 7/14/03
6.
The announcement mentions that the company will evaluate "strategic alternatives" for its other businesses. What do you mean by strategic alternatives? What are some of the alternatives being considered? posted 7/14/03

7.
When will we know what these strategic alternatives are? How long will we have uncertainty about the future of our site or business? posted 7/14/03

Additional Information About This Transaction

        Boise and OfficeMax will file a joint proxy statement/prospectus and other documents regarding this transaction with the Securities and Exchange Commission. Boise and OfficeMax will mail the joint proxy statement/prospectus to their respective security holders. These documents will contain important information about this transaction, and we urge you to read these documents when they become available.

        You may obtain copies of all documents filed with the Securities and Exchange Commission regarding this transaction, free of charge, at the SEC's website (www.sec.gov). You may also obtain these documents free from Boise at investor@bc.com, by contacting Boise's Corporate Communications Department at (208) 384-7990, or by contacting Michael Weisbarth at OfficeMax at (216) 471-6698.

Participants in This Transaction

        Boise and OfficeMax and their respective directors and executive officers may be deemed participants in the solicitation of proxies from security holders in connection with this transaction. Information about the directors and executive officers of Boise and OfficeMax and information about other persons who may be deemed participants in this transaction will be included in the joint proxy statement/prospectus. You can find information about Boise's executive officers and directors in Boise's proxy statement (DEF14A) filed with the SEC on March 10, 2003. You can find information about OfficeMax's officers and directors in their proxy statement (DEF14A) filed with the SEC on May 1, 2003. You can obtain free copies of these documents from the SEC, Boise, or OfficeMax using the contact information above.





QuickLinks

EMPLOYEE MEETING MATERIALS
Fact Sheet—Boise
Fact Sheet—OfficeMax
Employee Talking Points