other material
confidence high
sentiment neutral
materiality 0.15
RYAM shareholders reject board declassification and supermajority removal; approve exculpation and say-on-pay
RAYONIER ADVANCED MATERIALS INC.
- All three director nominees (Adair, Dill, Kirsch) elected with 41-44M votes for; ~8M broker non-votes.
- Proposal to declassify board failed: 44.5M for, 0.9M against (required supermajority not met).
- Proposal to eliminate supermajority voting also failed: 44.4M for, 0.9M against.
- Amendment to allow officer exculpation passed: 42.4M for, 3.0M against, 8M broker non-votes.
- Advisory say-on-pay approved (44.1M for) and auditor Grant Thornton ratified (53.1M for).