secwatch / observer

RAYONIER ADVANCED MATERIALS INC. — fact timeline

Source-grounded facts extracted from RAYONIER ADVANCED MATERIALS INC.'s SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.

RYAM RAYONIER ADVANCED MATERIALS INC. JSON

Daniel M. Krawczyk was appointed as Class III Director at RAYONIER ADVANCED MATERIALS INC..

“Effective at the same time, the Board also appointed Mr. Krawczyk to serve as a Class III director of the Board, with a term expiring at the Company’s 2029 annual meeting of stockholders, thereby filling the existing vacancy on the Board.”

Daniel M. Krawczyk was appointed as Chief Executive Officer and President at RAYONIER ADVANCED MATERIALS INC..

“Effective June 22, 2026, t he Board of Directors (the “Board”) of Rayonier Advanced Materials Inc. (“RYAM” or the “Company”) appointed Daniel M. Krawczyk as Chief Executive Officer and President of the Company.”
Shareholder Votes

RAYONIER ADVANCED MATERIALS INC. shareholders approved Ratification of Auditor at the 2026-05-13 meeting.

“Ratification of Auditor 55,119,872 706,501 241,676 —”
Shareholder Votes

RAYONIER ADVANCED MATERIALS INC. shareholders approved French Sub-Plan to be Implemented Under the Rayonier Advanced Materials Inc. 2023 Incentive Stock Plan, as Amended and Restated at the 2026-05-13 meeting.

“Vote on the French Sub-Plan to be Implemented Under the Rayonier Advanced Materials Inc. 2023 Incentive Stock Plan, as Amended and Restated 40,723,763 3,634,066 78,873 11,631,347”
Shareholder Votes

RAYONIER ADVANCED MATERIALS INC. shareholders approved Advisory Vote on the Compensation of our Named Executive Officers at the 2026-05-13 meeting.

“Advisory Vote on the Compensation of our Named Executive Officers 43,491,684 674,171 270,847 11,631,347”
Shareholder Votes

RAYONIER ADVANCED MATERIALS INC. shareholders rejected Amendment to the Company’s Amended and Restated Certificate of Incorporation to Eliminate the Supermajority Voting Provisions at the 2026-05-13 meeting.

“Vote on an Amendment to the Company’s Amended and Restated Certificate of Incorporation to Eliminate the Supermajority Voting Provisions 43,819,459 588,341 28,902 11,631,347”
Shareholder Votes

RAYONIER ADVANCED MATERIALS INC. shareholders rejected Amendment to the Company’s Amended and Restated Certificate of Incorporation to Declassify the Board of Directors at the 2026-05-13 meeting.

“Vote on an Amendment to the Company’s Amended and Restated Certificate of Incorporation to Declassify the Board of Directors 44,009,501 377,458 49,743 11,631,347”
Shareholder Votes

RAYONIER ADVANCED MATERIALS INC. shareholders approved Election of Directors, Terms Expire in 2029 at the 2026-05-13 meeting.

“Election of Directors, Terms Expire in 2029 Charles R. Eggert 43,518,021 832,262 86,419 11,631,347 David C. Mariano 43,596,822 747,300 92,580 11,631,347”
Earnings Releases

RAYONIER ADVANCED MATERIALS INC. reported quarter ended March 28, 2026 results: revenue $319 million, net income $81 million, EPS $(1.22) per diluted share.

“RYAM Reports First Quarter 2026 Results • Net Sales for the quarter of $319 million, down $34 million from prior year quarter • Net Loss for the quarter of $81 million, a decline of $49 million from prior year quarter”

Eric M. Bowen was elected as Director at RAYONIER ADVANCED MATERIALS INC..

“Effective September 9, 2024, the Company’s Board elected Eric M. Bowen as a Class I independent director of the Company to serve until the 2027 annual meeting of the stockholders of the Company and thereafter until his successor has been duly elected and qualified, or until his earlier death, resignation or removal.”

Charles E. Adair resigned as Director at RAYONIER ADVANCED MATERIALS INC..

“Charles E. Adair tendered his resignation from the Board of Directors (the “Board”) of Rayonier Advanced Materials Inc. (the “Company”) effective 11:59 p.m. (EDT) on September 8, 2024.”
Earnings Releases

RAYONIER ADVANCED MATERIALS INC. reported first quarter ended March 30, 2024 results: revenue $388 million, net income net loss of $2 million, EPS $(0.02) per diluted share. Guidance reaffirmed.

“--- EX-99.1 (EX-99.1) --- RYAM Announces Improved First Quarter 2024 Results Reaffirms 2024 EBITDA and Increases Free Cash Flow Guidance • Net sales for the first quarter of $388 million, down $79 million from prior year quarter • Net loss for the first quarter of $2 million, a decline of $4 million from prior year quarter • Adjusted EBITDA for the first quarter”
Earnings Releases

RAYONIER ADVANCED MATERIALS INC. updated its 2024 guidance (initiated).

“2024 Adjusted EBITDA guidance of $180 million to $200 million”
Earnings Releases

RAYONIER ADVANCED MATERIALS INC. reported year ended December 31, 2023 results: revenue $1,643 million, net income $102 million, EPS $(1.57) per diluted share.

“language in such filing. --- EX-99.1 (EX-99.1) --- RYAM Announces Fourth Quarter and Full Year 2023 Results and Provides Improved Outlook for 2024 • Net sales for 2023 of $1,643 million, down $74 million from the prior year • Loss from continuing operations for 2023 of $102 million inclusive of a $62 million non-cash impairment, down $75 million from the prior”
Material Agreements

RAYONIER ADVANCED MATERIALS INC. amended Amendment No. 1 to Term Loan Credit Agreement with Oaktree Fund Administration, LLC, as administrative agent, and the lenders party thereto (effective 2024-01-02).

“entered into Amendment No. 1 to Term Loan Credit Agreement (the “Amendment”) with RYAM and its other subsidiaries party thereto, the lenders party thereto and Oaktree Fund Administration, LLC, as administrative agent.”
Earnings Releases

RAYONIER ADVANCED MATERIALS INC. reported the quarter ended September 30, 2023 results: net income net loss of $25 million, or $(0.39) per diluted share, EPS $(0.39) per diluted share. Guidance lowered.

“On November 7, 2023, Rayonier Advanced Materials Inc. issued a press release announcing financial results for the quarter ended September 30, 2023.”

Bryan D. Yokley was elected as Class II Independent Director at RAYONIER ADVANCED MATERIALS INC..

“Effective October 1, 2023, the Company’s Board elected Bryan D. Yokley as a Class II independent director of the Company to serve until the 2025 annual meeting of the stockholders of the Company and thereafter until his successor has been duly elected and qualified, or until his earlier death, resignation or removal.”

Thomas I. Morgan resigned as Director at RAYONIER ADVANCED MATERIALS INC..

“Thomas I. Morgan tendered his resignation from the Board of Directors (the “Board”) of Rayonier Advanced Materials Inc. (the “Company”) effective 5:00 p.m. (EDT) on September 30, 2023.”
Earnings Releases

RAYONIER ADVANCED MATERIALS INC. reported the quarter ended July 1, 2023 results: revenue $385, net income net loss of $17 million, EPS $(0.26) per diluted share.

“2023 June 25, 2022 High Purity Cellulose $ 300 $ 374 $ 302 $ 674 $ 583 Paperboard 48 59 63 107 117 High-Yield Pulp 44 42 40 86 62 Eliminations (7) (8) (6) (15) (11) Net sales $ 385 $ 467 $ 399 $ 852 $ 751 Operating results were comprised of the following for the periods presented: Three Months Ended Six Months Ended (in millions) July 1, 2023 April 1, 2023”
Debt Financings

RAYONIER ADVANCED MATERIALS INC. incurred term loan of $150 million with Lux Borrower (RYAM Lux SARL) at three-month Term SOFR (or, if greater, 3.00%) plus 8.50% maturing four year anniversary of the Closing Date.

“On the Closing Date, immediately following the borrowing of the loans under the Term Loan Credit Agreement, RYAM entered into a Credit Agreement (the “Pari Passu Credit Agreement”), as borrower, with the Lux Borrower, as lender, and the Guarantors (other than RYAM), as guarantors. The Pari Passu Credit Agreement provides for a senior secured term loan facility (the “Pari Passu Facility”) of $150 million. RYAM’s obligations under the Pari Passu Facility are guaranteed (the “Pari Passu Facility Guarantees”) by the Guarantors (other than RYAM), and RYAM’s obligations thereunder and the Pari Passu Facility Guarantees are secured by the same assets of RYAM and such Guarantors as secure the 2026 Notes and the Term Loan Facility on a pari passu basis with the liens on such assets securing such obligations. The Pari Passu Facility bears interest at a rate per annum rate equal to three-month Term SOFR (or, if greater, 3.00%) plus 8.50%. The Pari Passu Facility matures on the four year anniversa”
Debt Financings

RAYONIER ADVANCED MATERIALS INC. incurred term loan of $250 million with Oaktree Capital Management, L.P. at three-month Term SOFR (or, if greater, 3.00%) plus 8.00% maturing four year anniversary of the Closing Date.

“The Term Loan Credit Agreement provides for a senior secured term loan facility of $250 million (the “Term Loan Facility”). The proceeds from the Term Loan Facility will be used to (a) fund the Pari Passu Facility (as defined below) to RYAM, (b) pay fees and expenses related to the transactions and (c) fund a distribution on equity to Rayonier A.M. Products Inc., a Delaware corporation (“RAM Products”). The proceeds of the Pari Passu Facility and such distribution will be used directly or indirectly, together with cash on hand, to fund the redemption in full of the 2024 Notes (as defined below) and to pay fees and expenses related to the transactions. The Lux Borrower’s obligations under the Term Loan Facility are unsecured. The Lux Borrower’s obligations under the Term Loan Facility are guaranteed (the “Term Loan Guarantees”) by RYAM and each subsidiary of RYAM that guarantees RAM Products’ Senior Secured Notes due 2026 (the “2026 Notes”) (collectively with RYAM, the “Guarantors”), an”
Material Agreements

RAYONIER ADVANCED MATERIALS INC. entered into Pari Passu Credit Agreement with RYAM Lux SARL valued at $150,000,000 (effective 2023-07-20).

“On the Closing Date, immediately following the borrowing of the loans under the Term Loan Credit Agreement, RYAM entered into a Credit Agreement (the “Pari Passu Credit Agreement”), as borrower, with the Lux Borrower, as lender, and the Guarantors (other than RYAM), as guarantors.”
Material Agreements

RAYONIER ADVANCED MATERIALS INC. entered into Term Loan Credit Agreement with Oaktree Capital Management, L.P. valued at $250,000,000 (effective 2023-07-20).

“On July 20, 2023 (the “Closing Date”), RYAM Lux SARL a private limited liability company ( Société à responsabilité limitée ) incorporated under the laws of Luxembourg (the “Lux Borrower”), a wholly owned subsidiary of Rayonier Advanced Materials Inc., a Delaware corporation (“RYAM”), entered into a Term Loan Credit Agreement (the “Term Loan Credit Agreement”), as borrower, with RYAM and certain of its other subsidiaries from time to time party thereto as guarantors, certain funds managed by Oaktree Capital Management, L.P., as lenders (the “Term Lenders”), Oaktree Fund Administration, LLC, as administrative agent (“Oaktree”), and Computershare Trust Company, N.A., as collateral agent.”
Shareholder Votes

RAYONIER ADVANCED MATERIALS INC. shareholders approved Ratification of Auditor at the 2023-05-17 meeting.

“Ratification of Auditor 54,962,456 228,251 190,025 —”
Shareholder Votes

RAYONIER ADVANCED MATERIALS INC. shareholders approved Approval of the Rayonier Advanced Materials Inc. 2023 Incentive Stock Plan at the 2023-05-17 meeting.

“Approval of the Rayonier Advanced Materials Inc. 2023 Incentive Stock Plan 45,920,039 3,204,729 334,177 5,921,787”
Shareholder Votes

RAYONIER ADVANCED MATERIALS INC. shareholders approved Advisory Vote on the Compensation of our Named Executive Officers at the 2023-05-17 meeting.

“Advisory Vote on the Compensation of our Named Executive Officers 42,580,532 6,538,325 340,088 5,921,787”
Shareholder Votes

RAYONIER ADVANCED MATERIALS INC. shareholders rejected Vote on an Amendment to the Company's Amended and Restated Certificate of Incorporation to Eliminate the Supermajority Voting Provisions at the 2023-05-17 meeting.

“Vote on an Amendment to the Company's Amended and Restated Certificate of Incorporation to Eliminate the Supermajority Voting Provisions 47,522,251 1,727,655 209,039 5,921,787”
Shareholder Votes

RAYONIER ADVANCED MATERIALS INC. shareholders rejected Vote on an Amendment to the Company's Amended and Restated Certificate of Incorporation to Declassify the Board of Directors at the 2023-05-17 meeting.

“Vote on an Amendment to the Company's Amended and Restated Certificate of Incorporation to Declassify the Board of Directors 47,557,548 1,696,153 205,244 5,921,787”
Shareholder Votes

RAYONIER ADVANCED MATERIALS INC. shareholders approved Election of Directors, Terms Expire in 2026 at the 2023-05-17 meeting.

“Election of Directors, Terms Expire in 2026 De Lyle W. Bloomquist 48,328,330 1,097,741 32,874 5,921,787 Charles R. Eggert 48,978,256 449,372 31,317 5,921,787 David C. Mariano 48,189,519 1,236,776 32,650 5,921,787”
Earnings Releases

RAYONIER ADVANCED MATERIALS INC. reported quarter ended April 1, 2023 results: revenue $467 million, net income $2 million, EPS $0.02 per diluted share. Guidance raised.

“Net sales for the first quarter of $467 million, up $115 million, or 33 percent, from prior year quarter • Income from continuing operations for the first quarter of $2 million, up $26 million, or 108 percent, from prior year quarter • Adjusted EBITDA from continuing operations for the first quarter of $51 million, up $31 million, or 155 percent, from prior year quarter • Cash provided by operating activities of $51 million; total debt of $846 million • Adjusted Free Cash Flow generation of $36 million; Net Debt reduced to $683 million • Reaffirm 2023 Adjusted EBITDA guidance of $200 million to $215 million • Increase 2023 Adjusted Free Cash Flow guidance to $40 million to $65 million JACKSONVILLE, Fla., May 9, 2023 - Rayonier Advanced Materials Inc. (NYSE:RYAM) (the “Company”) reported net income of $2 million, or $0.02 per diluted share, for the quarter ended April 1, 2023, compared to a net loss of $25 million, or $(0.39) per diluted share, for the prior year quarter.”

William R. Manzer departed as Executive Vice President, Manufacturing Operations at RAYONIER ADVANCED MATERIALS INC..

“William R. Manzer informed management of his intention to retire as Executive Vice President, Manufacturing Operations of the Company, effective at 11:59 p.m. on May 31, 2023.”
Earnings Releases

RAYONIER ADVANCED MATERIALS INC. reported the quarter ended December 31, 2022 results: revenue $500 million, net income $4 million, EPS $0.05 per diluted share. Guidance initiated.

“Net sales for the fourth quarter of $500 million, up $126 million, or 34 percent, from prior year quarter • Income from continuing operations for the fourth quarter of $4 million, up $32 million, or 114 percent, from prior year quarter.”
Material Agreements

RAYONIER ADVANCED MATERIALS INC. amended Amendment No. 1 to Revolving Credit Agreement with Bank of America, N.A., as administrative and collateral agent, and the lenders and issuing banks party thereto (effective 2023-01-17).

“On January 17, 2023, Rayonier A.M. Products Inc. (the “Company”), a wholly owned subsidiary of Rayonier Advanced Materials Inc. (“RYAM”), entered into Amendment No. 1 to Revolving Credit Agreement (the “Amendment”) amending its Revolving Credit Agreement, dated as of December 10, 2020, among RYAM, the Company, the other subsidiaries of RYAM from time to time party thereto, the lenders and issuing banks from time to time party thereto and Bank of America, N.A., as administrative and collateral agent”
Earnings Releases

RAYONIER ADVANCED MATERIALS INC. reported the fourth quarter and full year ended on December 31, 2022 results: revenue Revenue of $488 million to $508 million; Revenue of $1,705 million to $1,725 million, net income Income (loss) from continuing operations in the range of $(1) million to $3 million; Loss from continuing operations in.

“today announced preliminary, unaudited fourth quarter and full year results. For the quarter ended on December 31, 2022, the Company estimates the following: • Revenue of $488 million to $508 million; • Income (loss) from continuing operations in the range of $(1) million to $3 million; and • Adjusted EBITDA of $52 million to $56 million, inclusive of the”
Earnings Releases

RAYONIER ADVANCED MATERIALS INC. reported for the quarter ended September 24, 2022 results: revenue $466 million, net income $30 million, EPS $0.45 per diluted share. Guidance raised.

“RYAM Announces Third Quarter 2022 Results Increases Adjusted EBITDA Guidance to Exceed $175 million • Net sales for the third quarter of $466 million, up 25 percent from prior year quarter • Income from continuing operations for the third quarter of $18 million • Adjusted EBITDA from continuing operations of $68 million, up 106 percent from prior year quarter • Higher prices across all segments partially offset by inflation on key input costs JACKSONVILLE, Fla., November 1, 2022 - Rayonier Advanced Materials Inc. (NYSE:RYAM) (the “Company”) reported net income of $30 million, or $0.45 per diluted share, for the quarter ended September 24, 2022, compared to a net loss of $5 million, or $(0.07) per diluted share, for the same prior year quarter.”

Charles R. Eggert was elected as Director at RAYONIER ADVANCED MATERIALS INC..

“elected Charles R. Eggert as a Class III independent director of the Company”

Lisa M. Palumbo was named as Non-Executive Chair at RAYONIER ADVANCED MATERIALS INC..

“The Board named Lisa M. Palumbo as Non-Executive Chair of the Board.”

De Lyle W. Bloomquist was appointed as President and Chief Executive Officer at RAYONIER ADVANCED MATERIALS INC..

“On May 28, 2022, the Board of Directors (the “ Board ”) of Rayonier Advanced Materials Inc. (the “ Company ”) appointed De Lyle W. Bloomquist as President and Chief Executive Officer of the Company.”

Vito J. Consiglio departed as President and Chief Executive Officer at RAYONIER ADVANCED MATERIALS INC..

“Mr. Bloomquist succeeds Vito J. Consiglio, who stepped down as President and Chief Executive Officer of the Company with the mutual agreement of the Board on the same day.”

Paul Boynton retired as President and Chief Executive Officer at RAYONIER ADVANCED MATERIALS INC..

“Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers”

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.