INTERNATIONAL PAPER CO NEW
For the period ended May 13, 2024. Filed Apr 2, 2024.
View on SEC.govAbout this filing
What shareholders are asked to vote on at a company's meeting. It is where to find what directors and top executives are paid, and who owns the most shares.
May 13, 2024 · Filed Apr 2, 2024
Contents
Proxy Summary
This summary highlights information contained elsewhere in this Proxy Statement. This summary does not contain all the information you should consider, and you should read the entire Proxy Statement before voting.
Meeting Agenda and Voting Recommendations
| Items | Board Recommendation |
|---|---|
| ITEM 1 Election of 9 Directors | FOR |
| ITEM 2 Ratify Deloitte & Touche LLP as the Company’s Independent Auditor for 2024 | FOR |
| ITEM 3 Non-Binding Resolution to Approve the Compensation of Our Named Executive Officers | FOR |
| ITEM 4 Approval of 2024 Long-Term Incentive Compensation Plan | FOR |
| ITEM 5 Shareowner Proposal Concerning Shareowner Opportunity to Vote on Excessive Golden Parachutes | AGAINST |
| ITEM 6 Shareowner Proposal Concerning a Report on the Company’s LGBTQ+ Equity and Inclusion Efforts | AGAINST |
| Consider any other business properly brought before the meeting. | |
| 4 \ | International Paper 2024 Proxy Statement |
|---|
Proxy Summary / 2023 Financial Performance Highlights
2023 Financial Performance Highlights
Solid Execution in a ChallengingEnvironment We generated $382 million of Earnings from Continuing Operations Before Income Taxes and Equity Earnings (GAAP) and achieved $2.2 billion of Adjusted EBITDA1
Returned approximately $840 Million of Cash to Shareowners
Maintained a Strong Balance Sheet
1.
We advanced our strategies to improve profitability across our portfolio.
2.
We delivered $260 million of earnings benefits from our Build a Better IP initiatives.
3.
We executed on strategic actions, including investing in our packaging business and optimizing our mill system to reduce fixed costs.
| 1 | Adjusted EBITDA is a non-GAAP financial measure. See Appendix B for a reconciliation of Adjusted EBITDA to the most directly comparable GAAP measure. |
| www.internationalpaper.com | / 5 |
Proxy Summary / Our Commitment to Sustainability
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.