A cushioning dunnage conversion machine for converting sheet-like stock material, such as paper in multiply form, into cut sections of relatively low density pad-like cushioning product, and cutting assembly therefor, is provided. The machine includes a stock supply assembly, a forming assembly, a pulling/connecting assembly and a cutting assembly, all of which are mounted on a machine frame. The machine frame includes a base plate having an upstream end and a downstream end, a first end plate extending generally perpendicular from the upstream end of the end plate and a second end plate extending generally perpendicular from the downstream end of the base plate. The cutting assembly includes an end plate, a first blade mounted on the end plate, a second blade also mounted on the end plate and positioned to coact with the first blade to cut such coined strip into cut sections, a motor for powering the cutting assembly, a cutter linkage connected to one of the blades, a drive linkage pivotally connected to the cutter linkage, a motion disk connected to the drive linkage; and a shaft connecting the motion disk to the motor.