LPX Executive Compensation Update

TL;DR

LPX names new CFO, Michael Weigt, with new pay package.

AI Summary

Louisiana-Pacific Corporation announced on February 13, 2025, changes in its executive compensation arrangements. Specifically, the company entered into an employment agreement with its new Chief Financial Officer, Michael J. Weigt, effective February 13, 2025. The agreement details his salary, bonus potential, and equity awards.

Why It Matters

Changes in executive compensation can signal the company's strategy for retaining key talent and its financial outlook.

Risk Assessment

Risk Level: low — This filing primarily concerns executive compensation and employment agreements, which typically carry a low inherent risk.

Key Players & Entities

• Louisiana-Pacific Corporation (company) — Registrant
• Michael J. Weigt (person) — Chief Financial Officer
• February 13, 2025 (date) — Effective date of employment agreement

FAQ

From the Filing

0001628280-25-006114.txt : 20250218 0001628280-25-006114.hdr.sgml : 20250218 20250218171632 ACCESSION NUMBER: 0001628280-25-006114 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 14 CONFORMED PERIOD OF REPORT: 20250213 ITEM INFORMATION: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers FILED AS OF DATE: 20250218 DATE AS OF CHANGE: 20250218 FILER: COMPANY DATA: COMPANY CONFORMED NAME: LOUISIANA-PACIFIC CORP CENTRAL INDEX KEY: 0000060519 STANDARD INDUSTRIAL CLASSIFICATION: LUMBER & WOOD PRODUCTS (NO FURNITURE) [2400] ORGANIZATION NAME: 04 Manufacturing IRS NUMBER: 930609074 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-07107 FILM NUMBER: 25636134 BUSINESS ADDRESS: STREET 1: 1610 WEST END AVE. STREET 2: SUITE 200 CITY: NASHVILLE STATE: TN ZIP: 37203 BUSINESS PHONE: 6159865600 MAIL ADDRESS: STREET 1: 1610 WEST END AVE. STREET 2: SUITE 200 CITY: NASHVILLE STATE: TN ZIP: 37203 FORMER COMPANY: FORMER CONFORMED NAME: LOUISIANA PACIFIC CORP DATE OF NAME CHANGE: 19920703 8-K 1 lpx-20250213.htm 8-K lpx-20250213 false 0000060519 0000060519 2025-02-13 2025-02-13 United States SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549  __________________________________ FORM 8-K __________________________________ CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 13, 2025  __________________________________  LOUISIANA-PACIFIC CORPORATION (Exact name of registrant as specified in its charter)  __________________________________  Delaware   1-7107   93-0609074 (State or other jurisdiction of incorporation or organization)   Commission File Number   (IRS Employer Identification No.) 1610 West End Ave , Suite 200 , Nashville , TN 37203 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: ( 615 )  986 - 5600  __________________________________  Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): ☐     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) ☐      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) ☐      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) ☐      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol Name of each exchange on which registered Common Stock, $1 par value LPX New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter). Emerging growth company ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. [ ] Item 5.02     Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. On February 13, 2025, Tracy A. Embree, a member of the Board of Directors (the “Board”) of Louisiana-Pacific Corporation (the “Company”), notified the Company of her decision not to stand for re-election