Rayonier Advanced Materials abandons Altamaha Green Energy project

RAYONIER ADVANCED MATERIALS INC.

Company will not advance participation in the Altamaha Green Energy project after comprehensive review.
No capital allocated to the project; portfolio evaluation continues under disciplined framework.
Ex-CSO Jeff York returns as CSO; Amy Walker transitions to consultant with $46,921/month for 12 months.
Equity awards accelerated: 2,952 time-based RSUs and 2,796 unvested RSUs.

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