LP Corp Elects Directors, Adjusts Officer Compensation
Ticker: LPX · Form: 8-K · Filed: Feb 10, 2025 · CIK: 60519
| Field | Detail |
|---|---|
| Company | Louisiana-Pacific CORP (LPX) |
| Form Type | 8-K |
| Filed Date | Feb 10, 2025 |
| Risk Level | low |
| Pages | 3 |
| Reading Time | 3 min |
| Key Dollar Amounts | $1, $100,000, $140,000 |
| Sentiment | neutral |
Sentiment: neutral
Topics: governance, board-of-directors, compensation
Related Tickers: LPX
TL;DR
LP Corp board shakeup: new directors elected, exec pay adjusted.
AI Summary
Louisiana-Pacific Corporation announced on February 6, 2025, the election of new directors and changes in officer compensation. Specifically, the company elected three Class III directors: Douglas J. Britt, Michael J. Manahan, and Richard G. Smith, each for a three-year term. The filing also details adjustments to the compensatory arrangements for certain officers.
Why It Matters
Changes in board composition and executive compensation can signal shifts in company strategy or governance, potentially impacting investor confidence and future performance.
Risk Assessment
Risk Level: low — The filing primarily concerns routine corporate governance matters such as director elections and compensation adjustments, which are standard for public companies.
Key Players & Entities
- Louisiana-Pacific Corporation (company) — Registrant
- Douglas J. Britt (person) — Elected Director
- Michael J. Manahan (person) — Elected Director
- Richard G. Smith (person) — Elected Director
- February 6, 2025 (date) — Date of earliest event reported
FAQ
Who were the newly elected directors for Louisiana-Pacific Corporation?
Douglas J. Britt, Michael J. Manahan, and Richard G. Smith were elected as Class III directors.
What is the term length for the newly elected directors?
Each of the newly elected directors will serve a three-year term.
What other significant event was reported in this 8-K filing?
The filing also reports on compensatory arrangements of certain officers.
On what date was this report filed?
The report was filed on February 10, 2025.
What is the fiscal year end for Louisiana-Pacific Corporation?
The fiscal year end for Louisiana-Pacific Corporation is December 31.
Filing Stats: 812 words · 3 min read · ~3 pages · Grade level 11.8 · Accepted 2025-02-07 18:28:00
Key Financial Figures
- $1 — ange on which registered Common Stock, $1 par value LPX New York Stock Exchange
- $100,000 — er amount for non-employee directors of $100,000 and the updated annual grant of restric
- $140,000 — k units with a grant date fair value of $140,000, each as approved by the Board on May 1
Filing Documents
- lpx-20250206.htm (8-K) — 31KB
- lpxpressrelease2102025fi.htm (EX-99.1) — 6KB
- lpxpressrelease2102025fi001.jpg (GRAPHIC) — 242KB
- lpxpressrelease2102025fi002.jpg (GRAPHIC) — 100KB
- 0001628280-25-004483.txt ( ) — 665KB
- lpx-20250206.xsd (EX-101.SCH) — 2KB
- lpx-20250206_def.xml (EX-101.DEF) — 15KB
- lpx-20250206_lab.xml (EX-101.LAB) — 26KB
- lpx-20250206_pre.xml (EX-101.PRE) — 16KB
- lpx-20250206_htm.xml (XML) — 4KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. On February 10, 2025, the Company issued a press release announcing the appointments of Messrs. Ribiras and Silberhorn to the Board. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K. The information furnished pursuant to this Item 7.01 and Exhibit 99.1 shall not be deemed to be "filed" for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in any such a filing.
01 Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits (d) Exhibits . Exhibit Number Description 99.1 Press release issued by the Company on February 10, 2025 104 Cover Page Interactive Data File (embedded within Inline XBRL document) SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. LOUISIANA-PACIFIC CORPORATION By: /S/ NICOLE C. DANIEL Nicole C. Daniel Senior Vice President, General Counsel and Corporate Secretary Date: February 10, 2025