secwatch.observer — SEC 8-K summary
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Issuer:     INTERNATIONAL PAPER CO /NEW/ (IP)
CIK:        0000051434
Form:       8-K
Filed at:   2025-02-11T23:59:59+00:00
Accession:  0001193125-25-024408
Event type: leadership
Sentiment:  neutral
Materiality: 0.45
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

International Paper appoints David Robbie to board; adopts executive severance plan
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- David Robbie appointed independent director eff. Feb 11; he previously served on DS Smith board (acquired by IP Jan 31).
- Board now 11 members (10 independent); Robbie assigned to Audit & Finance and Public Policy & Environment committees.
- New Executive Severance Plan approved: CEO Silvernail gets 2x base+target bonus; other NEOs get 1.5x.
- Severance plan replaces 2005 policy; includes lump sum cash, health benefits up to 2 years for CEO, outplacement services.
- Robbie's term expires at May 2025 annual meeting; he will be nominated for re-election.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/51434/000119312525024408/0001193125-25-024408-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/51434/000119312525024408/d926893d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-25-024408

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