secwatch.observer — SEC 8-K summary
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Issuer:     RAYONIER ADVANCED MATERIALS INC. (RYAM)
CIK:        0001597672
Form:       8-K
Filed at:   2022-01-20T23:59:59+00:00
Accession:  0001597672-22-000004
Event type: leadership
Sentiment:  neutral
Materiality: 0.65
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Rayonier Advanced Materials finalizes separation agreement with retiring CEO Paul Boynton
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- CEO Paul Boynton retired as President and CEO effective Dec 31, 2021, remains as Vice Chair until May 2022.
- Separation agreement includes monthly cash payments of $86,250 through Dec 31, 2022.
- Boynton receives restricted stock units valued at $949,200 under 2022 long-term incentive program.
- 2022 cash incentive target of $1,242,000 (120% of base) based on EBITDA, working capital, strategic metrics.
- Company will pay COBRA premiums and continue life insurance coverage for consulting period.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1597672/000159767222000004/0001597672-22-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1597672/000159767222000004/ryam-20220119.htm
  HTML page:      https://secwatch.observer/filing/0001597672-22-000004

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