International Paper Company (NYSE:IP) Files An 8-K Submission of Matters to a Vote of Security Holders
Item5.07. Submission of Matters to a Vote of Security Holders.
(a) International Paper Company (the Company) held its annual
meeting of shareowners on May8, 2017.
(b) Of the 412,896,493 shares outstanding on the record date and
entitled to vote at the meeting, 375,503,171 shares were present
at the meeting in person or by proxy, constituting a quorum of
90.9 percent. The shareowners of the Companys common stock
considered and voted upon four Company proposals and one
shareowner proposal at the meeting.
Item1 Company Proposal to Elect 12 Directors
The holders of the common stock of the Company elected each of
the following nominees as directors, to serve a term of one year
ending the earlier of (i)the Companys 2018 annual meeting of
shareowners and the date a qualified successor has been elected,
or (ii)death, resignation or retirement. The directors were
elected by the following count:
|
Directors |
For | Against | Abstain | Broker Non-Votes | ||||
| DavidJ.Bronczek | 320,704,509 | 2,170,160 | 447,364 | 52,181,138 | ||||
| WilliamJ.Burns | 322,119,892 | 742,798 | 459,343 | 52,181,138 | ||||
| AhmetC.Dorduncu | 317,236,927 | 5,573,749 | 511,357 | 52,181,138 | ||||
| Ilene S. Gordon | 282,936,846 | 39,945,477 | 439,710 | 52,181,138 | ||||
| Jay L. Johnson | 321,756,025 | 1,093,484 | 472,524 | 52,181,138 | ||||
| Stacey J. Mobley | 318,906,954 | 3,928,144 | 486,935 | 52,181,138 | ||||
| Kathryn D. Sullivan | 322,182,372 | 715,632 | 424,029 | 52,181,138 | ||||
| Mark S. Sutton | 311,274,815 | 8,736,452 | 3,310,766 | 52,181,138 | ||||
| JohnL.Townsend,III | 319,276,329 | 3,597,891 | 447,813 | 52,181,138 | ||||
| William G. Walter | 319,922,880 | 2,948,079 | 451,074 | 52,181,138 | ||||
| J. Steven Whisler | 321,303,962 | 1,568,236 | 449,835 | 52,181,138 | ||||
| Ray G. Young | 321,321,900 | 1,555,951 | 444,182 | 52,181,138 |
Item2 Company Proposal to Ratify Deloitte Touche LLP as
the Companys Independent Registered Public Accounting Firm for
2017
The holders of the Companys common stock ratified the appointment
of Deloitte Touche LLP as the Companys independent registered
public accounting firm for 2017 by the following count:
| For | Against | Abstain | Broker Non-Votes | |||
| 371,094,926 | 3,709,098 | 699,147 |
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Item3 Company Proposal to Vote on a Non-Binding
Resolution to Approve the Compensation of the Companys Named
Executive Officers
The holders of the Companys common stock supported the
non-binding resolution to approve the compensation of the
Companys named executive officers by the following count:
| For | Against | Abstain | Broker Non-Votes | |||
| 308,512,121 | 13,266,912 | 1,543,000 | 52,181,138 |
Item4 Company Proposal to Vote on a Non-Binding Vote on
the Frequency with which Shareowners Will Vote to Approve the
Compensation of Our Named Executive Officers in Future
Years
The holders of the Companys common stock voted on the non-binding
resolution regarding the frequency with which shareowners will
vote to approve the compensation of the Companys named executive
officers in future years by the following count:
| 1 Year | 2 Years | 3 Years | Abstain | Broker Non-Votes | ||||
| 280,717,335 | 779,748 | 40,999,008 | 825,942 | 52,181,138 |
See Item5.07(d) below.
Item5 Shareowner Proposal Concerning a Policy on
Accelerated Vesting of Equity Awards of Senior Executive Officers
upon a Change in Control
The holders of the Companys common stock did not approve
the non-binding shareowner proposal concerning a policy on
accelerated vesting of equity awards of senior executive officers
upon a change in control by the following count:
| For | Against | Abstain | Broker Non-Votes | |||
| 103,554,165 | 218,069,446 | 1,698,422 | 52,181,138 |
(c) Not applicable.
(d) In line with the results set forth in Item5.07(b), Item4
above, the Companys Board of Directors has determined to continue
to hold advisory votes on executive compensation on an annual
basis until the next say-on-pay-frequency vote, which is required
to occur at least once every six years and thus will occur no
later than the Companys 2023 annual meeting of shareowners.
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About International Paper Company (NYSE:IP)
International Paper Company (International Paper) is a paper and packaging company with primary markets and manufacturing operations in North America, Europe, Latin America, Russia, Asia, Africa and the Middle East. The Company operates in three segments: Industrial Packaging, Printing Papers and Consumer Packaging. It is a manufacturer of containerboard in the United States. Its products include whitetop, recycled linerboard and saturating kraft. It is the producer of printing and writing papers. The products in Printing Papers segment include uncoated papers and pulp. Its uncoated papers engage in the business of producing papers for use in copiers, desktop and laser printers and digital imaging. Its uncoated papers are sold under private label and International Paper brand names that include Hammermill, Springhill, Ballet, Pol and Svetocopy. Its Everest, Fortress, and Starcote brands are used in packaging applications for everyday products, such as food and tobacco products. International Paper Company (NYSE:IP) Recent Trading Information
International Paper Company (NYSE:IP) closed its last trading session down -0.50 at 52.94 with 2,050,602 shares trading hands.
