8-K
filed May 16, 2024, 7:59 PM ET
ticker IP
CIK 0000051434
other material
confidence high
sentiment neutral
materiality 0.40
IP shareholders approve 2024 LTICP with 9.25M shares; CEO Silvernail elected to board
INTERNATIONAL PAPER CO /NEW/
- All 9 director nominees elected; top vote-getter Christopher M. Connor with 256.9M for.
- 2024 LTICP approved: 9,250,000 shares reserved for stock-based awards to employees and directors.
- Say-on-pay non-binding resolution passed with 251.2M votes in favor.
- Two shareholder proposals (golden parachute vote, LGBTQ+ equity report) defeated by wide margins.
- CEO Andrew K. Silvernail elected to the Board effective May 14, 2024; no additional compensation.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Andrew K. Silvernail was elected as Director at INTERNATIONAL PAPER CO /NEW/.
- Action
- elected
- Role
- Director
Exact text from the filing
On May 14, 2024, the Board of Directors (the “Board”) of International Paper Company (the “Company”) elected Andrew K. Silvernail to the Board effective immediately.
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
INTERNATIONAL PAPER CO /NEW/ shareholders approved Item 4 – Company Proposal to Approve the 2024 Long-Term Incentive Compensation Plan at the 2024-05-13 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2024-05-13
Exact text from the filing
Item 4 – Company Proposal to Approve the 2024 Long-Term Incentive Compensation Plan
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
INTERNATIONAL PAPER CO /NEW/ shareholders approved Item 1 – Company proposal to Elect 9 Directors at the 2024-05-13 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2024-05-13
Exact text from the filing
Item 1 – Company proposal to Elect 9 Directors The holders of the common stock of the Company elected each of the following nominees as directors
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
INTERNATIONAL PAPER CO /NEW/ shareholders approved Item 3 - Company Proposal to Vote on a Non-Binding Resolution to Approve the Compensation of the Company's Named Executive Officers at the 2024-05-13 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2024-05-13
Exact text from the filing
Item 3 - Company Proposal to Vote on a Non-Binding Resolution to Approve the Compensation of the Company's Named Executive Officers
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
INTERNATIONAL PAPER CO /NEW/ shareholders rejected Item 6 – Shareowner Proposal Concerning a Report on the Company's LGBTQ+ Equity and Inclusion Efforts at the 2024-05-13 meeting.
- Outcome
- failed
- Meeting
- 2024-05-13
Exact text from the filing
Item 6 – Shareowner Proposal Concerning a Report on the Company's LGBTQ+ Equity and Inclusion Efforts
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
INTERNATIONAL PAPER CO /NEW/ shareholders rejected Item 5 – Shareowner Proposal Concerning Shareowner Opportunity to Vote on Excessive Golden Parachutes at the 2024-05-13 meeting.
- Outcome
- failed
- Meeting
- 2024-05-13
Exact text from the filing
Item 5 – Shareowner Proposal Concerning Shareowner Opportunity to Vote on Excessive Golden Parachutes
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
INTERNATIONAL PAPER CO /NEW/ shareholders approved Item 2 – Ratify Deloitte & Touche LLP as our independent auditor for 2024 at the 2024-05-13 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2024-05-13
Exact text from the filing
Vincent 258,325,147 4,118,943 421,987 38,075,974 Item 2 – Ratify Deloitte & Touche LLP as our independent auditor for 2024 The holders of the Company’s common stock ratified the appointment of Deloitte & Touche LLP as the Company’s independent auditor for 2024 by the following count: For Against Abstain Broker Non-Votes 282,159,768 18,256,156 526,127 0 3 Item 3 - Company Proposal to Vote on a Non-Binding Resolution to Approve the Compensation of the Company’s Named Executive Officers The holders of the Company’s common stock supported the non-binding resolution to approve the compensation of the Company’s named executive officers by the following count: For Against Abstain Broker Non-Votes 251,159,999 10,662,110 1,043,968 38,075,974 Item 4 – Company Proposal to Approve the 2024 Long-Term Incentive Compensation Plan The holders of the Company’s common stock supported the resolution to app
View on SEC.gov
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