secwatch.observer — SEC 8-K summary
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Issuer:     Rayonier, L.P. (—)
CIK:        0001806931
Form:       8-K
Filed at:   2026-02-02T23:59:59+00:00
Accession:  0001193125-26-032194
Event type: m_and_a
Sentiment:  positive
Materiality: 1.00
Item codes: 2.01, 3.03, 5.03, 5.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rayonier closes merger-of-equals with PotlatchDeltic; combined entity owns 4M+ acres
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- Each PotlatchDeltic share converted into 1.8185 Rayonier shares plus $0.61 cash.
- Rayonier issued ~140.9M shares to complete the merger.
- New 10-member board includes 5 legacy Rayonier and 5 legacy PotlatchDeltic directors.
- Mark McHugh remains CEO ($950k base, 150% target bonus); Eric Cremers named Executive Chairman for 2 years ($600k base).
- Combined company keeps Rayonier name and RYN ticker; new name expected in Q1 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1806931/000119312526032194/0001193125-26-032194-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/52827/000119312526032194/d63429d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-26-032194

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