secwatch.observer — SEC 8-K summary
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Issuer:     RAYONIER ADVANCED MATERIALS INC. (RYAM)
CIK:        0001597672
Form:       8-K
Filed at:   2024-05-20T23:59:59+00:00
Accession:  0001597672-24-000017
Event type: other_material
Sentiment:  neutral
Materiality: 0.15
Item codes: 5.07
LLM model:  deepseek-v4-flash:cloud@v2

RYAM shareholders reject board declassification and supermajority removal; approve exculpation and say-on-pay
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1597672/000159767224000017/0001597672-24-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1597672/000159767224000017/ryam-20240515.htm
  HTML page:      https://secwatch.observer/filing/0001597672-24-000017

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