---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-039775"
form_type: "8-K"
ticker: "SLVM"
cik: "0001856485"
company_name: "Sylvamo Corp"
filed_at: "2023-02-15T23:59:59+00:00"
generated_at: "2026-06-19T12:02:38.004859+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Sylvamo enters cooperation agreement with Atlas Holdings, adds two directors, terminates poison pill

## Summary
- Cooperation agreement with Atlas FRM LLC (largest shareholder) signed Feb 14, 2023, avoiding proxy fight.
- Appointed Karl Meyers and Mark Wilde as independent directors effective March 1, expanding board to 11.
- Sylvamo agreed to file a shelf registration within 30 days for Atlas to sell common shares.
- Rights plan (poison pill) terminated immediately on Feb 15, 2023; related Series A Preferred Stock eliminated.
- Atlas Group subject to standstill, voting commitments, and ownership-based board seat triggers until at least Dec 31, 2023.

## SEC filing metadata
- accession: 0001193125-23-039775
- form_type: 8-K
- ticker: SLVM
- cik: 0001856485
- company_name: Sylvamo Corp
- filed_at: 2023-02-15T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 1.02, 3.03, 5.02, 5.03, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1856485/000119312523039775/0001193125-23-039775-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1856485/000119312523039775/d411973d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-039775
- JSON: https://secwatch.observer/filing/0001193125-23-039775.json
- Plain text: https://secwatch.observer/filing/0001193125-23-039775.txt

## Key facts
- Executive change
  Karl Meyers was appointed as Director at Sylvamo Corp.
  - Action: appointed
  - Role: Director
  source text: On February 14, 2023, pursuant to the Cooperation Agreement, the Board increased the size of the Board from nine to eleven directors and appointed Karl Meyers and Mark Wilde to the Board, in each case, effective as of March 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856485/000119312523039775/0001193125-23-039775-index.htm
- Executive change
  Mark Wilde was appointed as Director at Sylvamo Corp.
  - Action: appointed
  - Role: Director
  source text: On February 14, 2023, pursuant to the Cooperation Agreement, the Board increased the size of the Board from nine to eleven directors and appointed Karl Meyers and Mark Wilde to the Board, in each case, effective as of March 1, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856485/000119312523039775/0001193125-23-039775-index.htm
- Governance Changes
  Sylvamo Corp: Filing of Certificate of Elimination to eliminate Preferred Shares and return them to authorized but undesignated preferred stock.
  - Change: charter amendment
  source text: Promptly following the expiration of the Rights and the termination of the Rights Agreement, the Company will file a Certificate of Elimination (the “ Certificate of Elimination ”) with the Secretary of State of the State of Delaware eliminating the Preferred Shares and returning them to authorized but undesignated shares of the Company’s preferred stock.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856485/000119312523039775/0001193125-23-039775-index.htm
- Material Agreements
  Sylvamo Corp terminated Rights Agreement with Computershare Trust Company, N.A. valued at Rights Agreement terminated upon acceleration of expiration of rights under the Rights Agreement Ame (effective 2023-02-15).
  - Action: termination
  - Counterparty: Computershare Trust Company, N.A.
  - Value: Rights Agreement terminated upon acceleration of expiration of rights under the Rights Agreement Ame
  - Effective: 2023-02-15
  source text: Item 1.02. Termination of a Material Definitive Agreement. The information set forth in Item 1.01 of this Current Report on Form 8-K under the caption "Amendment and Termination of Rights Agreement" is incorporated herein by reference.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1856485/000119312523039775/0001193125-23-039775-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.