International Paper Appoints New Directors, Announces Executive Compensation Changes
Ticker: INPAP · Form: 8-K · Filed: Dec 13, 2024 · CIK: 51434
| Field | Detail |
|---|---|
| Company | International Paper Co /New/ (INPAP) |
| Form Type | 8-K |
| Filed Date | Dec 13, 2024 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1 |
| Sentiment | neutral |
Sentiment: neutral
Topics: board-changes, executive-compensation
Related Tickers: IP
TL;DR
IP adds 2 new directors, 1 departs. Board shakeup underway.
AI Summary
International Paper Company (IP) announced on December 9, 2024, the departure of Director John L. Mickle III and the election of two new directors, Michael J. Schrock and David S. Solomon, to its Board. The company also announced changes to its executive compensation arrangements.
Why It Matters
Changes in board composition can signal shifts in company strategy or governance, while executive compensation adjustments can impact future financial performance and shareholder value.
Risk Assessment
Risk Level: low — The filing primarily concerns routine board and executive changes, with no immediate financial distress or significant operational shifts indicated.
Key Players & Entities
- International Paper Company (company) — Registrant
- John L. Mickle III (person) — Departing Director
- Michael J. Schrock (person) — Newly Elected Director
- David S. Solomon (person) — Newly Elected Director
- December 9, 2024 (date) — Date of earliest event reported
FAQ
Who has departed from the International Paper Board of Directors?
John L. Mickle III has departed from the International Paper Board of Directors.
Who have been elected as new directors to the International Paper Board?
Michael J. Schrock and David S. Solomon have been elected as new directors.
What is the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported is December 9, 2024.
What other information is disclosed in this filing besides director changes?
The filing also discloses changes to compensatory arrangements of certain officers.
What is the principal executive office address for International Paper Company?
The principal executive offices are located at 6400 Poplar Avenue, Memphis, Tennessee 38197.
Filing Stats: 823 words · 3 min read · ~3 pages · Grade level 13.4 · Accepted 2024-12-13 16:20:58
Key Financial Figures
- $1 — ange on which registered Common Stock, $1 per share par value IP New York Sto
Filing Documents
- d916350d8k.htm (8-K) — 28KB
- 0001193125-24-278596.txt ( ) — 145KB
- ip-20241209.xsd (EX-101.SCH) — 3KB
- ip-20241209_lab.xml (EX-101.LAB) — 17KB
- ip-20241209_pre.xml (EX-101.PRE) — 11KB
- d916350d8k_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 Dated: December 13, 2024 By: /s/ Joseph R. Saab Name: Joseph R. Saab Title: Senior Vice President, General Counsel and Corporate Secretary