Company: LPX
Filing Date: 2025-03-27
Form Type: DEF 14A
Source: 0001104659-25-028584
Chunk: 53

Company: LOUISIANA-PACIFIC CORP
Filing Date: 2025-03-27
Form: DEF 14A
Chunk 53
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, consisting of retirement benefits, long-term disability, annual medical exams, life insurance benefits, and personal estate and financial planning services through independent providers. Certain information regarding these benefits is presented in footnote 4 to the “Summary Compensation Table”. Executive Officer Severance Agreements and Change of Control Employment Agreements Each of LP’s executive officers is party to a severance agreement and a change of control employment agreement with LP, which provide for the payment of severance compensation and benefits upon certain termination events and change of control scenarios. The Compensation Committee believes the (i) severance agreements are important because providing severance benefits is an important recruitment and retention tool that is necessary in the competitive marketplace for talented executives and (ii) change of control employment agreements are important to encourage LP’s NEOs to continue to work in the best interests of LP and its stakeholders in a potential change of control situation, and to evaluate any possible transaction with the maximum degree of independence and objectivity. Please see “—Potential Payments Upon Termination of Employment or Change of Control of LP” for more information about these agreements. SECTION V: EXECUTIVE COMPENSATION DECISIONS FOR 2025 As part of the establishment of the 2025 executive compensation targets, the Compensation Committee, in collaboration with FW Cook, reviewed LP’s compensation peer group for 2024 to ensure it represented similar U.S. organizations with which LP competes for executive talent. LP’s compensation peer group for benchmarking 2025 executive compensation is described above in Section IV of the CD&A under the heading “Review of Compensation Peer Group and Survey Data for Comparison Purposes.” 2025 Base Salaries On February 13, 2025, the Compensation Committee approved the following base salaries for LP’s NEOs:

| ​ | Name                | ​ | ​ | 2025 Base Salary($) |   |           |   | ​ | ​ | 2024 Base Salary($) |   |           |   | ​ | ​ | %Increase | ​ |
| ​ | W. Bradley Southern | ​ | ​ | ​                   | ​ | 1,200,000 | ​ | ​ | ​ | ​                   | ​ | 1,175,000 | ​ | ​ | ​ | 2.1%      | ​ |
| ​ | Alan J.M. Haughie   | ​ | ​ | ​                   | ​ |   699,697 | ​ | ​ | ​ | ​                   | ​ |   668,926 | ​ | ​ | ​ |