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14 May 2025 11:30
14 May 2025
International Paper CompanyResults 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 and on the Company's website at SEC Filings | International Paper.
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.
For further information please contact:
Investor InquiriesMichele VargasDirector, Investor Relations+1 901 419 7287
Media InquiriesAmy Simpson +1 901 419 4964newsroom@ipaper.com
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