secwatch / observer

INTERNATIONAL PAPER CO /NEW/ — fact timeline

Source-grounded facts extracted from INTERNATIONAL PAPER CO /NEW/'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

IP INTERNATIONAL PAPER CO /NEW/ JSON
Shareholder Votes

INTERNATIONAL PAPER CO /NEW/ shareholders approved Non-binding Resolution to Approve the Compensation of our Named Executive Officers at the 2026-05-11 meeting.

“Shareowners approved the non-binding resolution to approve the compensation of our Named Executive Officers.”
Shareholder Votes

INTERNATIONAL PAPER CO /NEW/ shareholders approved Ratification of Deloitte & Touche LLP as our Independent Auditor for 2026 at the 2026-05-11 meeting.

“Shareowners ratified the appointment of Deloitte & Touche LLP as the Company’s independent auditor for 2026.”
Shareholder Votes

INTERNATIONAL PAPER CO /NEW/ shareholders approved Election of 11 Directors at the 2026-05-11 meeting.

“Shareowners approved the proposal to elect each of the following 11 nominees as directors, to serve a term of one year ending the earlier of (i) the Company’s 2027 annual meeting of shareowners and the date a qualified successor has been elected or (ii) death, resignation or retirement.”
Earnings Releases

INTERNATIONAL PAPER CO /NEW/ reported fiscal quarter ended March 31, 2026 results: revenue $5.97 billion, net income $76 million, EPS $0.14.

“International Paper Reports First Quarter 2026 Results FIRST QUARTER 2026 FINANCIAL SUMMARY • Net sales of $5.97 billion • Earnings from continuing operations of $76 million • Adjusted EBITDA (non-GAAP) from continuing operations of $677 million • Received $1.1 billion of net proceeds from the sale of the Global Cellulose Fibers business and paid down $660 million of debt • Cash provided by operating activities of $611 million • Free cash flow (non-GAAP) of $94 million”
M&A Transactions

INTERNATIONAL PAPER CO /NEW/ completed a disposition involving funds affiliated with American Industrial Partners for $1.5 billion (closed 2026-01-23).

“amended, among the Company and certain parties thereto (the “Sale Agreement”). Pursuant to the Sale Agreement, Buyer acquired the Company’s GCF business for a purchase price of $1.5 billion, which includes the issuance to the Company of preferred stock of Absorbent Fiber Topco, Inc. (“Parent”) with an aggregate initial liquidation preference of $190 million. The”
Restructurings & Charges

INTERNATIONAL PAPER CO /NEW/ announced a impairment with charges of between approximately $700 million and $900 million affecting Global Cellulose Fibers (GCF) business.

“In connection with the Transaction, on August 20, 2025, the Company determined that it expects to incur a non-cash impairment charge between approximately $700 million and $900 million, as a result of the sale price compared to the estimate of the current net asset value of the GCF business.”
Restructurings & Charges

INTERNATIONAL PAPER CO /NEW/ announced a restructuring with charges of aggregate pre-tax noncash asset write-off and accelerated depreciation charges of approximately $400 million and aggregate pre-tax cash severance and other shut affecting Containerboard business (approximately 680 employees).

“The Company plans to permanently close its containerboard mill and packaging facility in Savannah, Georgia. The containerboard mill will shut down in stages with all operations expected to cease by September 30, 2025. The closure is expected to reduce the Company’s containerboard capacity by approximately 1,000,000 tons. The Company estimates that the closure will result in aggregate pre-tax noncash asset write-off and accelerated depreciation charges of approximately $400 million and aggregate pre-tax cash severance and other shutdown charges of approximately $81 million, and anticipates that these charges will be recorded during the three months ending September 30, 2025. The Company expects closure of the containerboard mill to reduce its workforce by approximately 680 employees.”
Restructurings & Charges

INTERNATIONAL PAPER CO /NEW/ announced a restructuring with charges of aggregate pre-tax noncash asset write-off and accelerated depreciation charges of approximately $170 million and aggregate pre-tax cash severance and other shut affecting Containerboard business (approximately 300 employees).

“The Company plans to permanently close its containerboard, timber and lumber mills in Riceboro, Georgia. The containerboard mill will shut down in stages with all operations expected to cease by September 12, 2025. The closure is expected to reduce the Company’s containerboard capacity by approximately 430,000 tons. The Company estimates that the closure will result in aggregate pre-tax noncash asset write-off and accelerated depreciation charges of approximately $170 million and aggregate pre-tax cash severance and other shutdown charges of approximately $77 million, and anticipates that these charges will be recorded during the three months ending September 30, 2025. The Company expects closure of the containerboard mill to reduce its workforce by approximately 300 employees.”

Lance T. Loeffler was appointed as senior vice president and chief financial officer at INTERNATIONAL PAPER CO /NEW/.

“appointed Lance T. Loeffler, 48, as senior vice president and chief financial officer of the Company, effective April 1, 2025.”

Timothy S. Nicholls was appointed as executive vice president and president – DS Smith at INTERNATIONAL PAPER CO /NEW/.

“appointed Timothy S. Nicholls, 63, as executive vice president and president – DS Smith, an International Paper company, leading our business in Europe, Middle East and Africa (“EMEA”), effective April 1, 2025.”
Restructurings & Charges

INTERNATIONAL PAPER CO /NEW/ announced a restructuring with charges of pre-tax noncash asset write-off of approximately $311 million (of which $276 million is accelerated depreciation), and pre-tax cash severance and other shutdown affecting North American Packaging Solutions; containerboard mill in Campti, Louisiana.

“The Company estimates that the closure will result in aggregate pre-tax charges of approximately $357 million, comprised of pre-tax noncash asset write-off of approximately $311 million (of which $276 million is accelerated depreciation), and pre-tax cash severance and other shutdown charges of approximately $46 million.”
Restructurings & Charges

INTERNATIONAL PAPER CO /NEW/ announced a restructuring with charges of aggregate pre-tax charges of approximately $357 million affecting North American Packaging Solutions; containerboard mill in Campti, Louisiana (approximately 481 employees).

“On February 11, 2025, International Paper Company (the “Company”) committed to certain actions impacting its North American Packaging Solutions business, which the Company estimates will result in aggregate pre-tax charges of approximately $357 million as further described below.”

David A. Robbie was appointed as Director at INTERNATIONAL PAPER CO /NEW/.

“appointed David A. Robbie to serve as an independent director to the Board effective immediately.”
M&A Transactions

INTERNATIONAL PAPER CO /NEW/ completed an acquisition involving DS Smith plc for 0.1285 of a new share of common stock of the Company, par value $1.00 per share (closed 2025-01-31).

““ Company ”), through its indirect wholly owned subsidiary, International Paper UK Holdings Limited, completed the closing (the “ Closing ”) of its previously announced acquisition (the “ Acquisition ”) of the entire issued and to be issued ordinary shares of DS Smith plc, a public limited company registered in England and Wales (“ DS Smith ”).”
Restructurings & Charges

INTERNATIONAL PAPER CO /NEW/ announced a restructuring with charges of approximately $80 million to $100 million affecting corporate overhead restructuring (approximately 650 employees).

“general release of claims against the Company. In connection with the restructuring, the Company estimates it will incur aggregate pre-tax restructuring charges of approximately $80 million to $100 million related to one-time severance payments and other employee termination benefits, with approximately $50 million of such charges recorded in the third quarter of”

Andrew K. Silvernail was appointed as Chairman of the Board at INTERNATIONAL PAPER CO /NEW/.

“The Board, on September 10, 2024, then appointed Andrew K. Silvernail as chairman of the Board effective October 1, 2024.”

Mark S. Sutton retired as Chairman of the Board and Director at INTERNATIONAL PAPER CO /NEW/.

“On September 10, 2024, Mark S. Sutton provided notice to the Board of Directors (the “Board”) of his intent to retire as chairman of the Board and also as a member of the Board of International Paper Company (the “Company”) effective September 30, 2024.”

W. Thomas Hamic was appointed as executive vice president and president - North American Packaging Solutions at INTERNATIONAL PAPER CO /NEW/.

“On August 25, 2024, the Board of Directors of International Paper Company (the “Company”) appointed W. Thomas Hamic, 57, to the position of executive vice president and president - North American Packaging Solutions, effective September 1, 2024 (the “Effective Date”).”

Tom Plath departed as Senior Vice President of Human Resources and Corporate Affairs at INTERNATIONAL PAPER CO /NEW/.

“On August 12, 2024, International Paper Company (“Company”) determined that Tom Plath, Senior Vice President of Human Resources and Corporate Affairs, will leave the Company at the end of the year.”

Scott A. Tozier was elected as Director at INTERNATIONAL PAPER CO /NEW/.

“On May 21, 2024, the Board, upon the recommendation of the Company’s Governance Committee, elected Jamie A. Beggs, 47, and Scott A. Tozier, 58, to serve as independent directors to the Board effective immediately.”

Jamie A. Beggs was elected as Director at INTERNATIONAL PAPER CO /NEW/.

“On May 21, 2024, the Board, upon the recommendation of the Company’s Governance Committee, elected Jamie A. Beggs, 47, and Scott A. Tozier, 58, to serve as independent directors to the Board effective immediately.”

Ilene S. Gordon resigned as Director at INTERNATIONAL PAPER CO /NEW/.

“On May 21, 2024, Ilene S. Gordon, a member of the Board of Directors (the “Board”) of International Paper Company (the “Company”), informed the Company she would resign effective May 21, 2024.”
Shareholder Votes

INTERNATIONAL PAPER CO /NEW/ shareholders rejected Item 6 – Shareowner Proposal Concerning a Report on the Company's LGBTQ+ Equity and Inclusion Efforts at the 2024-05-13 meeting.

“Item 6 – Shareowner Proposal Concerning a Report on the Company's LGBTQ+ Equity and Inclusion Efforts”
Shareholder Votes

INTERNATIONAL PAPER CO /NEW/ shareholders rejected Item 5 – Shareowner Proposal Concerning Shareowner Opportunity to Vote on Excessive Golden Parachutes at the 2024-05-13 meeting.

“Item 5 – Shareowner Proposal Concerning Shareowner Opportunity to Vote on Excessive Golden Parachutes”
Shareholder Votes

INTERNATIONAL PAPER CO /NEW/ shareholders approved Item 4 – Company Proposal to Approve the 2024 Long-Term Incentive Compensation Plan at the 2024-05-13 meeting.

“Item 4 – Company Proposal to Approve the 2024 Long-Term Incentive Compensation Plan”
Shareholder Votes

INTERNATIONAL PAPER CO /NEW/ shareholders approved Item 3 - Company Proposal to Vote on a Non-Binding Resolution to Approve the Compensation of the Company's Named Executive Officers at the 2024-05-13 meeting.

“Item 3 - Company Proposal to Vote on a Non-Binding Resolution to Approve the Compensation of the Company's Named Executive Officers”
Shareholder Votes

INTERNATIONAL PAPER CO /NEW/ shareholders approved Item 2 – Ratify Deloitte & Touche LLP as our independent auditor for 2024 at the 2024-05-13 meeting.

“Vincent 258,325,147 4,118,943 421,987 38,075,974 Item 2 – Ratify Deloitte & Touche LLP as our independent auditor for 2024 The holders of the Company’s common stock ratified the appointment of Deloitte & Touche LLP as the Company’s independent auditor for 2024 by the following count: For Against Abstain Broker Non-Votes 282,159,768 18,256,156 526,127 0 3 Item 3 - Company Proposal to Vote on a Non-Binding Resolution to Approve the Compensation of the Company’s Named Executive Officers The holders of the Company’s common stock supported the non-binding resolution to approve the compensation of the Company’s named executive officers by the following count: For Against Abstain Broker Non-Votes 251,159,999 10,662,110 1,043,968 38,075,974 Item 4 – Company Proposal to Approve the 2024 Long-Term Incentive Compensation Plan The holders of the Company’s common stock supported the resolution to app”
Shareholder Votes

INTERNATIONAL PAPER CO /NEW/ shareholders approved Item 1 – Company proposal to Elect 9 Directors at the 2024-05-13 meeting.

“Item 1 – Company proposal to Elect 9 Directors The holders of the common stock of the Company elected each of the following nominees as directors”

Andrew K. Silvernail was elected as Director at INTERNATIONAL PAPER CO /NEW/.

“On May 14, 2024, the Board of Directors (the “Board”) of International Paper Company (the “Company”) elected Andrew K. Silvernail to the Board effective immediately.”
Material Agreements

INTERNATIONAL PAPER CO /NEW/ entered into Co-operation Agreement with DS Smith Plc (effective 2024-04-16).

“nnouncement (the “ Rule 2.7 Announcement ”), pursuant to Rule 2.7 of the United Kingdom City Code on Takeovers and Mergers (the “ Code ”) disclosing the terms of a recommended offer by the Company to acquire the entire issued and to be issued share capital of DS Smith Plc, a public limited company incorporated in England and Wales (“ DS Smith ”), in an all-stock transaction (the “ Business Combination ”).”

Mark S. Sutton changed role as Chairman of the Board at INTERNATIONAL PAPER CO /NEW/.

“He will succeed Mark S. Sutton, who will continue as Chairman of the Board.”

Andrew K. Silvernail was appointed as chief executive officer at INTERNATIONAL PAPER CO /NEW/.

“On March 13, 2024, the Board of Directors of International Paper Company (the “Company”) appointed Andrew K. Silvernail, 53, to the position of chief executive officer, effective May 1, 2024 or such other dates as the parties may mutually agree (the “Effective Date”).”

Raymond G. Young departed as Director at INTERNATIONAL PAPER CO /NEW/.

“On February 12, 2024, Raymond G. Young, a member of the Board of Directors (the “Board”) of International Paper Company (the “Company”), informed the Company of his intention not to stand for re-election at the Company’s May 2024 annual meeting of stockholders.”

Donald G. Macpherson resigned as Director at INTERNATIONAL PAPER CO /NEW/.

“On February 13, 2024, Donald G. “D.G.” Macpherson resigned, effective immediately, as a member of the Board of Directors (the “Board”) of International Paper Company (the “Company”).”
Earnings Releases

INTERNATIONAL PAPER CO /NEW/ reported the full-year and fiscal quarter ended December 31, 2023 results: revenue $ 18,916, net income $288 million ($0.82 per diluted share), EPS $0.82 per diluted share.

“this release. Select Financial Measures (In millions) Fourth Quarter 2023 Third Quarter 2023 Fourth Quarter 2022 Full-Year 2023 Full-Year 2022 Net Sales $ 4,601 $ 4,613 $ 5,133 $ 18,916 $ 21,161 Net Earnings (Loss) (284) 165 (318) 288 1,504 Business Segment Operating Profit (Loss) 257 352 451 1,249 1,848 Adjusted Operating Earnings 142 224 309 755 1,168 Cash”
Earnings Releases

INTERNATIONAL PAPER CO /NEW/ reported the fiscal quarter ended September 30, 2023 results: revenue $4,613, net income $165 million, EPS $0.47 per diluted share.

“to adjusted operating earnings is included later in this release. Select Financial Measures (In millions) Third Quarter 2023 Second Quarter 2023 Third Quarter 2022 Net Sales $ 4,613 $ 4,682 $ 5,402 Net Earnings (Loss) 165 235 951 Business Segment Operating Profit (Loss) 352 334 464 Adjusted Operating Earnings 224 204 300 Cash Provided By (Used For) Operations”
Restructurings & Charges

INTERNATIONAL PAPER CO /NEW/ announced a restructuring with charges of approximately $100 million affecting Global Cellulose Fibers – #20 Fluff Pulp Machine at Riegelwood, North Carolina mill (approximately 200 employees).

“Additionally, the Company plans to permanently cease production on its #20 Fluff Pulp Machine at its Riegelwood, North Carolina mill by year end. The Company estimates that the machine shutdown will result in pre-tax noncash asset write-off and accelerated depreciation charges of approximately $100 million and pre-tax cash severance and other shutdown charges of approximately $10 million”
Restructurings & Charges

INTERNATIONAL PAPER CO /NEW/ announced a restructuring with charges of approximately $100 million affecting Global Cellulose Fibers – #4 Fluff Pulp Machine at Pensacola, Florida mill (approximately 100 employees).

“The Company plans to permanently cease production on its #4 Fluff Pulp Machine at its Pensacola, Florida mill. The machine had been idle since August 2023 and will not resume production. The Company estimates that the machine shutdown will result in pre-tax noncash asset write-off and accelerated depreciation charges of approximately $100 million and pre-tax cash severance and other shutdown charges of approximately $4 million”
Restructurings & Charges

INTERNATIONAL PAPER CO /NEW/ announced a restructuring with charges of approximately $395 million affecting Containerboard mill in Orange, Texas (approximately 565 employees).

“The Company plans to permanently close its containerboard mill in Orange, Texas. The containerboard mill will shut down in stages with all operations expected to cease by year end. The closure is expected to reduce the Company’s containerboard capacity by approximately 800,000 tons. The Company estimates that the closure will result in pre-tax noncash asset write-off and accelerated depreciation charges of approximately $395 million and pre-tax cash severance and other shutdown charges of approximately $55 million”

Gregory T. Wanta retired as Senior Vice President at INTERNATIONAL PAPER CO /NEW/.

“On October 1, 2023, Gregory T. Wanta, Senior Vice President, retired from International Paper Company”
Shareholder Votes

INTERNATIONAL PAPER CO /NEW/ shareholders rejected Shareholder proposal on report on operations in China at the 2023-05-08 meeting.

“Item 6– Shareowner Proposal Concerning a Report on Operations in China The holders of the Company’s common stock did not approve the non-binding shareowner proposal concerning a report on operations in China by the following count: For Against Abstain Broker Non-Votes 5,771,421 261,039,205 2,518,336 39,033,264”
Shareholder Votes

INTERNATIONAL PAPER CO /NEW/ shareholders rejected Shareholder proposal on independent board chair at the 2023-05-08 meeting.

“Item 5 – Shareowner Proposal Concerning an Independent Board Chair The holders of the Company’s common stock did not approve the non-binding shareowner proposal concerning an independent Board chair by the following count: For Against Abstain Broker Non-Votes 98,879,053 169,527,737 922,172 39,033,264”
Shareholder Votes

INTERNATIONAL PAPER CO /NEW/ shareholders approved Advisory vote on frequency of future shareholder votes on executive compensation at the 2023-05-08 meeting.

“Item 4 – Company Proposal to Vote on the Frequency with which Shareowners Will Vote to Approve the Compensation of our Named Executive Officers The holders of the Company’s common stock supported and ANNUAL frequency with which shareowners will approve the compensation of the Company’s named executive officers by the following count: 1 Year 2 Years 3 Years Abstain Broker Non-Votes 261,689,284 403,582 6,606,536 629,560 39,033,264”
Shareholder Votes

INTERNATIONAL PAPER CO /NEW/ shareholders approved Non-binding advisory vote to approve compensation of named executive officers at the 2023-05-08 meeting.

“Item 3 – Company Proposal to Vote on a Non-Binding Resolution to Approve the Compensation of the Company’s Named Executive Officers The holders of the Company’s common stock supported the non-binding resolution to approve the compensation of the Company’s named executive officers by the following count: For Against Abstain Broker Non-Votes 285,011,997 10,152,088 1,164,877 39,033,264”
Shareholder Votes

INTERNATIONAL PAPER CO /NEW/ shareholders approved Ratification of Deloitte & Touche LLP as independent registered public accounting firm for 2023 at the 2023-05-08 meeting.

“Item 2 – Company Proposal to Ratify Deloitte & Touche LLP as the Company’s Independent Registered Public Accounting Firm for 2023 The holders of the Company’s common stock ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2023 by the following count: For Against Abstain Broker Non-Votes 300,695,856 7,130,777 535,593 (0)”
Shareholder Votes

INTERNATIONAL PAPER CO /NEW/ shareholders approved Election of 11 directors at the 2023-05-08 meeting.

“Item 1 – Company Proposal to Elect 11 Directors The holders of the common stock of the Company elected each of the following nominees as directors, to serve a term of one year ending the earlier of (i) the Company’s 2024 annual meeting of shareowners and the date a qualified successor has been elected, or (ii) death, resignation or retirement. The directors were elected by the following count: Directors For Against Abstain Broker Non-Votes Christopher M. Connor 255,912,616 12,960,041 456,305 39,033,264 Ahmet C. Dorduncu 260,394,815 8,471,346 462,801 39,033,264 Ilene S. Gordon 216,862,080 52,041,923 424,959 39,033,264 Anders Gustafsson 264,690,102 4,165,421 473,439 39,033,264 Jacqueline C. Hinman 239,501,633 29,406,312 421,017 39,033,264 Clinton A. Lewis, Jr. 256,315,093 12,551,451 462,418 39,033,264 DG Macpherson 256,422,005 12,446,494 460,463 39,033,264 Kathryn D. Sullivan 253,214,648 15,698,146 416,168 39,033,264 Mark S. Sutton 249,020,586 19,814,915 493,441 39,033,264 Anton V. Vince”
Material Agreements

INTERNATIONAL PAPER CO /NEW/ amended Revolving Credit Agreement with a syndicate of banks and other financial institutions and JPMorgan Chase Bank, N.A., as administrative agent valued at $1.4 billion (effective 2023-06-07).

“On June 7, 2023, International Paper Company (the "Company") amended and restated its $1.5 billion Second Amended and Restated 5-Year Credit Agreement (as amended and restated, the "Revolving Credit Agreement"), dated as of June 17, 2021, with a syndicate of banks and other financial institutions and JPMorgan Chase Bank, N.A., as administrative agent (the "Administrative Agent") to, among other things, (i) extend the maturity date from June 17, 2026 to June 7, 2028, (ii) reduce the size of the facility from $1.5 billion to $1.4 billion”
Governance Changes

INTERNATIONAL PAPER CO /NEW/: Amendments to Article II, Section 9 of the Bylaws regarding stockholder nominations, including expanded disclosure, universal proxy rule compliance, and procedural clarifications (effective 2023-05-09).

“On May 9, 2023, the Board of Directors (the “Board”) of International Paper Company (the “Company”) adopted amendments to the Company’s By-Laws (the “Bylaws”), effective on such date.”
Shareholder Votes

INTERNATIONAL PAPER CO /NEW/ shareholders rejected Shareowner Proposal Concerning a Report on Operations in China at the 2023-05-08 meeting.

“Item 6– Shareowner Proposal Concerning a Report on Operations in China The holders of the Company’s common stock did not approve the non-binding shareowner proposal concerning a report on operations in China by the following count: For Against Abstain Broker Non-Votes 5,771,421 261,039,205 2,518,336 39,033,264”

Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.