secwatch.observer — SEC 8-K summary
======================================

Issuer:     INTERNATIONAL PAPER CO /NEW/ (IP)
CIK:        0000051434
Form:       8-K
Filed at:   2024-09-10T23:59:59+00:00
Accession:  0001193125-24-216681
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Chairman Mark Sutton to retire Sept 30; CEO Andy Silvernail named Chairman
--------------------------------------------------------------------------

- Mark Sutton retires as Chairman and Board member effective September 30, 2024.
- CEO Andy Silvernail elected Chairman effective October 1, 2024, adding role to his current position.
- Silvernail joined IP in May 2024; previously led IDEX Corp (TSR >500% during tenure) and worked at KKR.
- Lead Director Chris Connor thanked Sutton for strengthening balance sheet and focusing portfolio.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/51434/000119312524216681/0001193125-24-216681-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/51434/000119312524216681/d829804d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-24-216681

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer