Louisiana-Pacific Corp. Announces 2024 Annual Meeting of Stockholders

Ticker: LPX · Form: DEF 14A · Filed: Mar 27, 2024 · CIK: 60519

Louisiana-Pacific CORP DEF 14A Filing Summary
FieldDetail
CompanyLouisiana-Pacific CORP (LPX)
Form TypeDEF 14A
Filed DateMar 27, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$2.2B, $200M
Sentimentbullish

Sentiment: bullish

Topics: Proxy Statement, Annual Meeting, Louisiana-Pacific, LPX, Shareholder Vote

TL;DR

<b>Louisiana-Pacific Corporation will hold its 2024 Annual Meeting of Stockholders virtually on May 10, 2024, to vote on director elections, auditor ratification, and executive compensation.</b>

AI Summary

LOUISIANA-PACIFIC CORP (LPX) filed a Proxy Statement (DEF 14A) with the SEC on March 27, 2024. The 2024 Annual Meeting of Stockholders for Louisiana-Pacific Corporation (LPX) will be held virtually on May 10, 2024, at 7:30 a.m. Central Time. Key voting items include the election of three Class III directors, ratification of the independent registered public accounting firm for 2024, and advisory approval of executive compensation. The Board of Directors unanimously recommends voting 'FOR' all director nominees and proposals 2 and 3. The company highlights increased operational efficiency and an improving outlook for single-family housing as drivers for 2023 results. Recent investments in mill and prefinishing capacity position LPX for expansion and share gains in Siding and Structural Solutions.

Why It Matters

For investors and stakeholders tracking LOUISIANA-PACIFIC CORP, this filing contains several important signals. The meeting is a crucial opportunity for shareholders to exercise their voting rights on corporate governance matters, including director appointments and executive pay. LPX's forward-looking statements suggest confidence in future growth driven by strategic investments and favorable market conditions in the housing sector.

Risk Assessment

Risk Level: low — LOUISIANA-PACIFIC CORP shows low risk based on this filing. The filing is a routine proxy statement with no immediate negative financial or operational disclosures, indicating a low level of risk associated with this specific document.

Analyst Insight

Shareholders should review the director nominees and executive compensation proposals carefully before the May 10th meeting to make informed voting decisions.

Key Numbers

Key Players & Entities

FAQ

When did LOUISIANA-PACIFIC CORP file this DEF 14A?

LOUISIANA-PACIFIC CORP filed this Proxy Statement (DEF 14A) with the SEC on March 27, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by LOUISIANA-PACIFIC CORP (LPX).

Where can I read the original DEF 14A filing from LOUISIANA-PACIFIC CORP?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by LOUISIANA-PACIFIC CORP.

What are the key takeaways from LOUISIANA-PACIFIC CORP's DEF 14A?

LOUISIANA-PACIFIC CORP filed this DEF 14A on March 27, 2024. Key takeaways: The 2024 Annual Meeting of Stockholders for Louisiana-Pacific Corporation (LPX) will be held virtually on May 10, 2024, at 7:30 a.m. Central Time.. Key voting items include the election of three Class III directors, ratification of the independent registered public accounting firm for 2024, and advisory approval of executive compensation.. The Board of Directors unanimously recommends voting 'FOR' all director nominees and proposals 2 and 3..

Is LOUISIANA-PACIFIC CORP a risky investment based on this filing?

Based on this DEF 14A, LOUISIANA-PACIFIC CORP presents a relatively low-risk profile. The filing is a routine proxy statement with no immediate negative financial or operational disclosures, indicating a low level of risk associated with this specific document.

What should investors do after reading LOUISIANA-PACIFIC CORP's DEF 14A?

Shareholders should review the director nominees and executive compensation proposals carefully before the May 10th meeting to make informed voting decisions. The overall sentiment from this filing is bullish.

How does LOUISIANA-PACIFIC CORP compare to its industry peers?

Louisiana-Pacific Corporation operates in the lumber and wood products industry, focusing on building materials for the housing sector.

Are there regulatory concerns for LOUISIANA-PACIFIC CORP?

The filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies.

Industry Context

Louisiana-Pacific Corporation operates in the lumber and wood products industry, focusing on building materials for the housing sector.

Regulatory Implications

The filing is made under Section 14(a) of the Securities Exchange Act of 1934, which governs the solicitation of proxies.

What Investors Should Do

  1. Review the proxy materials for detailed information on director nominees and their qualifications.
  2. Understand the advisory vote on executive compensation and its alignment with company performance.
  3. Ensure your vote is cast by the deadline, whether attending virtually or by proxy.

Key Dates

Year-Over-Year Comparison

This is a Definitive Proxy Statement (DEF 14A) filed on March 27, 2024, for the upcoming Annual Meeting on May 10, 2024. Previous filings would include prior year proxy statements and other SEC filings.

Filing Stats: 4,411 words · 18 min read · ~15 pages · Grade level 13.9 · Accepted 2024-03-27 09:00:45

Key Financial Figures

Filing Documents

From the Filing

tm2322257-3_nonfiling - none - 16.2813337s TABLE OF CONTENTS UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, DC 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ) Filed by the Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under 240.14a-12 Louisiana-Pacific Corporation (Name of Registrant as Specified in Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. TABLE OF CONTENTS TABLE OF CONTENTS TABLE OF CONTENTS LETTER FROM OUR CHAIRPERSON AND CHIEF EXECUTIVE OFFICER March 27, 2024 Dear Stockholder: "LP finished 2023 with results that reflect increased operational efficiency and improving outlook for single-family housing. As we look forward to 2024 and beyond, LP's recent investments in mill and prefinishing capacity leave us well positioned for expansion and share gains in Siding and Structural Solutions." On behalf of the Board of Directors of Louisiana-Pacific Corporation ("LP"), thank you for your investment and continued confidence in LP. I cordially invite you to attend our 2024 Annual Meeting of Stockholders. This year's Annual Meeting of Stockholders will be held virtually on May 10, 2024 at 7:30 a.m. Central Time via live audio webcast at http://www.virtualshareholdermeeting.com/LPX2024. At this year's meeting, you will be asked to vote on: the election of three Class III directors, the ratification of the appointment of LP's independent registered public accounting firm for 2024, and the approval, on a non-binding, advisory basis, of named executive officer compensation. Our Board of Directors unanimously recommends a vote "FOR" each of the director nominees, and "FOR" Proposals 2 and 3. Action may also be taken on any other matters that may properly come before the meeting. Regardless of the number of shares you own, your vote is important. Whether or not you expect to attend the meeting, we urge you to vote promptly according to the instructions in the Notice of Internet Availability of Proxy Materials, proxy card or voting instruction form you received. Sincerely, W. BRADLEY SOUTHERN Chairperson of the Board of Directors & Chief Executive Officer * Includes stock repurchases ($2.2B) and cash dividends ($200M). TABLE OF CONTENTS NOTICE OF ANNUAL MEETING OF STOCKHOLDERS March 27, 2024 Nashville, Tennessee Annual Meeting Date & Time: Friday, May 10, 2024 7:30 a.m. Central Time Place: Via live audio webcast at http://www.virtualshareholdermeeting.com/LPX2024 Items of Business: The 2024 Annual Meeting of Stockholders will be held for the following purposes: Agenda Board Recommendations Page Proposal 1 To elect three Class III directors; FOR 5 Proposal 2 To ratify the appointment of Deloitte & Touche LLP as LP's independent registered public accounting firm for 2024; FOR 32 Proposal 3 To approve, on a non-binding, advisory basis, named executive officer compensation; and FOR 36 To transact such other business as may properly come before the Annual Meeting or any postponement, recess or adjournment thereof. Who May Vote: Only stockholders of record at the close of business on March 12, 2024 are entitled to notice of, and to vote at, the 2024 Annual Meeting of Stockholders. Review Your Proxy Statement and Vote in One of Four Ways: VIA THE INTERNET BY MAIL BY TELEPHONE DURING THE MEETING Whether or not you expect to attend the virtual Annual Meeting of Stockholders, please vote as soon as possible according to the instructions in the Notice of Internet Availability of Proxy Materials or voting instruction form you received or, if you requested a paper copy of the proxy statement, on your enclosed proxy card. You may revoke your proxy by following the instructions listed on pages 85 - 86 of the proxy statement. By Order of the Board of Directors, NICOLE C. DANIEL Senior Vice President, General Counsel & Corporate Secretary TABLE OF CONTENTS IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE ANNUAL MEETING OF STOCKHOLDERS TO BE HELD ON MAY 10, 2024 In accordance with the rules of the Securities and Exchange Commission (the "SEC"), we are sending to many of our stockholders a Notice of Internet Availability of Proxy Materials instead of a paper copy of each of this proxy statement and our Annual Report to Stockholders (with our Form 10-K for the year ended December 31, 2023). The Notice of In

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