Company: LPX
Filing Date: 2025-02-10
Form Type: 8-K
Source: 0001628280-25-004483
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Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-02-10
Form: 8-K
Item: Item 5.02
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On February 6, 2025, the Board of Directors (the “ Board”) of Louisiana-Pacific Corporation (the “ Company”) appointed each of Jean-Michel Ribiéras and Ty R. Silberhorn as a director of the Company. Mr. Ribiéras will serve as aClass II director with a term expiring at the 2026 annual meeting of the Company’s stockholders, and Mr. Silberhorn will serve as a Class III director with a term expiring at the 2027 annual meeting of the Company’s stockholders. Mr. Ribiéras will serve on the Finance and Audit Committee and the Governance and Corporate Responsibility Committee of the Board, and Mr. Silberhorn will serve on the Compensation Committee and the Governance and Corporate Responsibility Committee of the Board.

The Board has determined that each of Messrs. Ribiéras and Silberhorn is independent under the New York Stock Exchange listing standards and applicable Securities and Exchange Commission (“ SEC”) rules and regulations, as well as under the Company’s Corporate Governance Guidelines, and that each of Messrs. Ribiéras and Silberhorn meet the qualifications for membership on the Board committees on which they will respectively serve.

Each of Messrs. Ribiéras and Silberhorn will receive the standard compensation paid to non-employee directors, as described in the Company’s definitive proxy statement filed with the SEC on March 27, 2024, and reflecting the updated annual cash retainer amount for non-employee directors of $100,000 and the updated annual grant of restricted stock units with a grant date fair value of $140,000, each as approved by the Board on May 10, 2024. Their initial annual cash retainers and annual restricted stock unit grants will be prorated to reflect service on the Board of less than a full year.

Item 7.01 Regulation FD Disclosure.