International Paper Adds New Director
Ticker: INPAP · Form: 8-K · Filed: May 16, 2024 · CIK: 51434
| Field | Detail |
|---|---|
| Company | International Paper Co /New/ (INPAP) |
| Form Type | 8-K |
| Filed Date | May 16, 2024 |
| Risk Level | low |
| Pages | 5 |
| Reading Time | 6 min |
| Key Dollar Amounts | $1 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-composition, management-change
Related Tickers: PKG
TL;DR
IP adds new board member Michael Schrock, ex-PCA CFO.
AI Summary
International Paper Company announced on May 13, 2024, that its Board of Directors has elected Michael J. Schrock as a new director, effective immediately. Schrock brings extensive experience in finance and operations, having previously served as Executive Vice President and Chief Financial Officer of Packaging Corporation of America.
Why It Matters
The addition of a new director with a strong financial background could signal a strategic focus on financial performance and operational efficiency for International Paper.
Risk Assessment
Risk Level: low — The filing is a routine corporate announcement regarding board composition, with no immediate financial or operational risks indicated.
Key Players & Entities
- International Paper Company (company) — Registrant
- Michael J. Schrock (person) — Newly elected director
- Packaging Corporation of America (company) — Former employer of new director
FAQ
Who is the new director elected to the International Paper Board?
Michael J. Schrock was elected as a new director to the International Paper Company's Board of Directors.
When was Michael J. Schrock's election effective?
The election of Michael J. Schrock was effective immediately as of May 13, 2024.
What was Michael J. Schrock's previous role?
Michael J. Schrock previously served as Executive Vice President and Chief Financial Officer of Packaging Corporation of America.
What is International Paper's principal executive office address?
International Paper's principal executive offices are located at 6400 Poplar Avenue, Memphis, Tennessee 38197.
What is the SIC code for International Paper?
The Standard Industrial Classification (SIC) code for International Paper is 2621, which corresponds to PAPER MILLS.
Filing Stats: 1,386 words · 6 min read · ~5 pages · Grade level 11.6 · Accepted 2024-05-16 16:06:45
Key Financial Figures
- $1 — nge on which registered Common Stock, $1 per share par value IP New York Sto
Filing Documents
- d813310d8k.htm (8-K) — 59KB
- d813310dex101.htm (EX-10.1) — 199KB
- 0001193125-24-140534.txt ( ) — 416KB
- ip-20240513.xsd (EX-101.SCH) — 3KB
- ip-20240513_lab.xml (EX-101.LAB) — 17KB
- ip-20240513_pre.xml (EX-101.PRE) — 11KB
- d813310d8k_htm.xml (XML) — 3KB
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. International Paper Company Date: May 16, 2024 By: /s/ Joseph R. Saab Name: Joseph R. Saab Title: Senior Vice President, General Counsel and Corporate Secretary 5