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.
INTERNATIONAL PAPER CO /NEW/ shareholders rejected Shareowner Proposal Concerning an 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 Vote on the Frequency with which Shareowners Will Vote to Approve the Compensation of our Named Executive Officers 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 Vote on a Non-Binding Resolution to Approve the Compensation of the Company's 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 Ratify Deloitte & Touche LLP as the Company's 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”
Earnings Releases
INTERNATIONAL PAPER CO /NEW/ reported fourth quarter 2022 results: net income $(318) million, EPS $(0.90) per diluted share.
“Fourth quarter net earnings (loss) attributable to International Paper of $(318) million ($(0.90) per diluted share)”
Earnings Releases
INTERNATIONAL PAPER CO /NEW/ reported Full-Year 2022 results: net income $1.5 billion, EPS $4.10 per diluted share.
“Full-year 2022 net earnings (loss) attributable to International Paper of $1.5 billion ($4.10 per diluted share)”
Material Agreements
INTERNATIONAL PAPER CO /NEW/ entered into a asset purchase with Pulp Holding Luxembourg S.A.R.L and ILIM Holding Luxembourg S.A.R.L valued at $484 million (effective 2022-12-15).
“On December 15, 2022, the Company, acting through International Paper Switzerland GmbH (the “ IP Shareholder ”), delivered an offer letter (the “ Offer Letter ”) to Pulp Holding Luxembourg S.A.R.L and ILIM Holding Luxembourg S.A.R.L (the “ ILIM Shareholders ”), pursuant to the ILIM Shareholders’ right of first refusal (the “ ROFR ”) under the shareholders’ agreement in respect of ILIM SA (“ ILIM ”) entered into among the Company, the IP Shareholder, the ILIM Shareholders, ILIM, Mr. Zakhar Smushkin, Mr. Mikhail Zingarevich, Mr. Boris Zingarevich and Mr. Leonid Eruhimovich on October 4, 2007 (as subsequently amended and restated) (the “ Shareholders Agreement ”), whereby the IP Shareholder offered its 50% shareholding in ILIM to the ILIM Shareholders. On January 19, 2023 and January 23, 2023, the ILIM Shareholders delivered an initial acceptance notice and an additional acceptance notice (the “ Acceptance Notice ”), respectively, whereby the ILIM Shareholders exercised the ROFR pursuant”
Debt Financings
INTERNATIONAL PAPER CO /NEW/ incurred term loan of $600 million with CoBank, ACB maturing January 24, 2028.
“On January 24, 2023, International Paper Company (the “Company”) entered into a Term Loan Agreement (the “Credit Agreement”) with CoBank, ACB, as administrative agent and as lender. The Credit Agreement provides for a $600 million term loan that was fully drawn at closing, and has a maturity date of January 24, 2028.”
Material Agreements
INTERNATIONAL PAPER CO /NEW/ entered into Term Loan Agreement with CoBank, ACB valued at $600 million term loan (effective 2023-01-24).
“On January 24, 2023, International Paper Company (the “Company”) entered into a Term Loan Agreement (the “Credit Agreement”) with CoBank, ACB, as administrative agent and as lender.”
Gregory T. Wanta departed as Senior Vice President, North American Container at INTERNATIONAL PAPER CO /NEW/.
“On January 3, 2023, Gregory T. Wanta, Senior Vice President, North American Container, of International Paper Company (the “Company”) notified the Company of his intent to retire after a transition period.”
Earnings Releases
INTERNATIONAL PAPER CO /NEW/ reported the fiscal quarter ended September 30, 2022 results: revenue $5,402, net income $951 million ($2.64 per diluted share), EPS $2.64.
“of Operations and related notes included later in this release. Select Financial Measures (In millions) Third Quarter 2022 Second Quarter 2022 Third Quarter 2021 Net Sales $ 5,402 $ 5,389 $ 4,914 Net Earnings (Loss) Attributable to International Paper 951 511 864 Business Segment Operating Profit 464 585 490 Adjusted Operating Earnings 364 459 431 Cash”
Sharon R. Ryan departed as Senior Vice President, General Counsel and Corporate Secretary at INTERNATIONAL PAPER CO /NEW/.
“On May 9, 2022, Sharon R. Ryan, Senior Vice President, General Counsel and Corporate Secretary of International Paper Company (the "Company") notified the Company of her intent to retire effective June 30, 2022.”
Holly G. Goughnour was appointed as Vice President, Finance, and Controller at INTERNATIONAL PAPER CO /NEW/.
“Holly G. Goughnour was appointed as Vice President, Finance, and Controller, effective May 1, 2022.”
Vincent P. Bonnot was named as Vice President, Financial Planning and Analysis at INTERNATIONAL PAPER CO /NEW/.
“Vincent P. Bonnot, Vice President, Finance, and Controller of International Paper Company (the “Company”) was named Vice President, Financial Planning and Analysis, effective May 1, 2022.”
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.