8-K
filed May 19, 2023, 7:59 PM ET
ticker RYAM
CIK 0001597672
other material
confidence high
sentiment negative
materiality 0.15
Rayonier Advanced Materials shareholders reject board declassification and supermajority removal proposals
RAYONIER ADVANCED MATERIALS INC.
- All three director nominees (Bloomquist, Eggert, Mariano) elected to three-year terms expiring 2026.
- Proposal to declassify board of directors did not receive required supermajority vote (47.6M for, 1.7M against).
- Proposal to eliminate supermajority voting provisions also failed (47.5M for, 1.7M against).
- Advisory vote on named executive officer compensation approved (42.6M for, 6.5M against).
- 2023 Incentive Stock Plan and ratification of Grant Thornton as auditor both approved by shareholders.
Key facts
Extracted from this filing and checked against the source text.
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
RAYONIER ADVANCED MATERIALS INC. shareholders rejected Vote on an Amendment to the Company's Amended and Restated Certificate of Incorporation to Declassify the Board of Directors at the 2023-05-17 meeting.
- Proposal
- charter amendment
- Outcome
- failed
- Meeting
- 2023-05-17
Exact text from the filing
Vote on an Amendment to the Company's Amended and Restated Certificate of Incorporation to Declassify the Board of Directors 47,557,548 1,696,153 205,244 5,921,787
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
RAYONIER ADVANCED MATERIALS INC. shareholders approved Advisory Vote on the Compensation of our Named Executive Officers at the 2023-05-17 meeting.
- Proposal
- say on pay
- Outcome
- passed
- Meeting
- 2023-05-17
Exact text from the filing
Advisory Vote on the Compensation of our Named Executive Officers 42,580,532 6,538,325 340,088 5,921,787
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
RAYONIER ADVANCED MATERIALS INC. shareholders rejected Vote on an Amendment to the Company's Amended and Restated Certificate of Incorporation to Eliminate the Supermajority Voting Provisions at the 2023-05-17 meeting.
- Proposal
- charter amendment
- Outcome
- failed
- Meeting
- 2023-05-17
Exact text from the filing
Vote on an Amendment to the Company's Amended and Restated Certificate of Incorporation to Eliminate the Supermajority Voting Provisions 47,522,251 1,727,655 209,039 5,921,787
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
RAYONIER ADVANCED MATERIALS INC. shareholders approved Ratification of Auditor at the 2023-05-17 meeting.
- Proposal
- auditor ratification
- Outcome
- passed
- Meeting
- 2023-05-17
Exact text from the filing
Ratification of Auditor 54,962,456 228,251 190,025 —
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
RAYONIER ADVANCED MATERIALS INC. shareholders approved Approval of the Rayonier Advanced Materials Inc. 2023 Incentive Stock Plan at the 2023-05-17 meeting.
- Proposal
- equity plan
- Outcome
- passed
- Meeting
- 2023-05-17
Exact text from the filing
Approval of the Rayonier Advanced Materials Inc. 2023 Incentive Stock Plan 45,920,039 3,204,729 334,177 5,921,787
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
RAYONIER ADVANCED MATERIALS INC. shareholders approved Election of Directors, Terms Expire in 2026 at the 2023-05-17 meeting.
- Proposal
- director election
- Outcome
- passed
- Meeting
- 2023-05-17
Exact text from the filing
Election of Directors, Terms Expire in 2026 De Lyle W. Bloomquist 48,328,330 1,097,741 32,874 5,921,787 Charles R. Eggert 48,978,256 449,372 31,317 5,921,787 David C. Mariano 48,189,519 1,236,776 32,650 5,921,787
View on SEC.gov
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