Company: LPX
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001104659-25-028584
Chunk: 6

Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 6
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éras and Ty R. Silberhorn as new directors of LP, effective immediately, with Mr. Ribiéras joining Class II and Mr. Silberhorn joining Class III. On February 25, 2025, the Board increased the number of directors from ten to 11, and appointed Kelly H. Barrett as a new director, effective immediately, with Ms. Barrett joining Class I. On February 13, 2025, Ms. Embree notified the Company of her decision not to stand for re-election to the Board. She is expected to continue to serve for the remainder of her term, which expires at the 2025 Annual Meeting of Stockholders. At the 2025 Annual Meeting of Stockholders and in connection with Ms. Embree’s decision not to stand for re-election, the size of the Board will be reduced to ten members. Stockholders are being asked to vote on the election of three Class I director nominees, Kelly H. Barrett, Lizanne C. Gottung and Dustan E. McCoy, to serve until the 2028 Annual Meeting of Stockholders and until their successors are duly elected and qualified. Each of these director nominees was recommended to the Board by the Governance and Corporate Responsibility Committee of the Board (the “Governance Committee”) and currently serves as a Class I director of LP. The Board has determined that each of Ms. Barrett, Ms. Gottung and Mr. McCoy (i) has no material relationship with LP (either directly or as a partner, stockholder, officer or director of an organization that has a relationship with LP) other than his or her service as a director of LP, and (ii) is independent under the listing standards adopted by the New York Stock Exchange (the “NYSE”). Mr. McCoy reached the age of 75 prior to the date of the 2025 Annual Meeting of Stockholders; however, given Mr. McCoy’s continued significant contributions to the Board (including in his role as Lead Independent Director), and his knowledge of LP, our Board granted a waiver of the retirement age for Mr. McCoy. We believe that all nominees will be able and willing to serve if elected. However, should any nominee become unable or unwilling to serve for any reason, your proxy may be voted for a substitute nominee designated by the Board, or the Board may decrease the size of the Board. Each nominee who receives the affirmative vote of a majority of the total votes cast on his election will be elected, meaning that a nominee will be elected if the number