REG - International Paper - Result of AGM

International Paper CoAnnouncement

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RNS Number : 5609I  International Paper Company  14 May 2025

14 May 2025

International Paper Company

Results of Annual Meeting of Shareowners

On 12 May 2025, International Paper Company (NYSE: IP; LSE: IPC) held its
Annual Meeting of Shareowners (the "Annual Meeting"). Item 1, Item 2 and Item
3 passed as ordinary resolutions, while Item 4 failed. The voting results are
below.

Item 1: Election of 11 Directors

Shareowners approved the proposal to elect each of the following 11 nominees
as directors, to serve a term of one year ending the earlier of (i) the
Company's 2026 annual meeting of shareowners and the date a qualified
successor has been elected or (ii) death, resignation or retirement.

 Director Nominees      For          Against       Abstain       Broker Non-Votes
 Jamie A. Beggs         428,094,703    1,744,176      439,492    31,943,718
 Christopher M. Connor  420,163,130    9,709,861      405,380    31,943,718
 Ahmet C. Dorduncu      420,373,118    9,492,712      412,541    31,943,718
 Anders Gustafsson      425,234,860    4,612,115      431,396    31,943,718
 Jacqueline C. Hinman   398,587,650  31,079,131       611,590    31,943,718
 Clinton A. Lewis, Jr.  384,886,912  44,862,160       529,299    31,943,718
 David A. Robbie        428,083,311    1,748,451      446,609    31,943,718
 Andrew K. Silvernail   408,760,880  21,113,055       404,436    31,943,718
 Kathryn D. Sullivan    413,839,928  15,415,777    1,022,666     31,943,718
 Scott A. Tozier        428,063,555    1,776,760      438,056    31,943,718
 Anton V. Vincent       420,615,322    9,039,150      623,899    31,943,718

 

Item 2: Ratification of Deloitte & Touche LLP as our Independent Auditor
for 2025

Shareowners ratified the appointment of Deloitte & Touche LLP as the
Company's independent auditor for 2025.

 Votes For    Votes Against  Abstentions  Broker Non-Votes
 450,810,149  10,996,949     414,991      0

Item 3: Non-binding Resolution to Approve the Compensation of our Named
Executive Officers

Shareowners approved the non-binding resolution to approve the compensation of
our Named Executive Officers.

 Votes For    Votes Against  Abstentions  Broker Non-Votes
 417,316,776  12,007,656     953,939      31,943,718

 

Item 4: Shareowner Proposal Concerning a Report on the Company's LGBTQIA+
Equity and Inclusion Efforts

Shareowners did not approve the non-binding shareowner proposal concerning a
report on the Company's LGBTQIA+ Equity and Inclusion Efforts.

 Votes For   Votes Against  Abstentions  Broker Non-Votes
 27,910,701  398,849,110    3,518,560    31,943,718

Please note for Item 1, abstentions and broker non-votes have no effect. For
Items 2, 3 and 4 abstentions and broker non-votes have the same effect as
votes against.

Of the 527,875,740 shares of Common Stock outstanding on the record date
(March 14, 2025) and entitled to vote at the Company Annual Meeting, holders
of 462,222,089  shares of Common Stock were present at the Company Annual
Meeting in person or by proxy, constituting a quorum.

Results of the Annual Meeting are also available at www.sec.gov
(http://www.sec.gov) and on the Company's website at SEC Filings |
International Paper
(https://www.internationalpaper.com/investors/financial-reports/sec-filings) .

The person responsible for arranging for the release of this announcement on
behalf of the Company is Joseph R. Saab, Senior Vice President, General
Counsel and Corporate Secretary.

About International Paper
International Paper (NYSE: IP; LSE: IPC) is the global leader in sustainable
packaging solutions. With company headquarters in Memphis, Tennessee, USA, and
EMEA (Europe, Middle East and Africa) headquarters in London, UK, we employ
more than 65,000 team members and serve customers around the world with
operations in more than 30 countries. Together with our customers, we make the
world safer and more productive, one sustainable packaging solution at a time.
Net sales for 2024 were $18.6 billion. In 2025, International Paper acquired
DS Smith creating an industry leader focused on the attractive and growing
North American and EMEA regions. Additional information can be found by
internationalpaper.com (https://www.internationalpaper.com/) .

For further information please contact:

Investor Inquiries

Michele Vargas

Director, Investor Relations

+1 901 419 7287

Media Inquiries

Amy Simpson

+1 901 419 4964

newsroom@ipaper.com

 

 

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