Form 8-K

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): May 11, 2015

 

 

International Paper Company

(Exact name of registrant as specified in its charter)

 

 

Commission file number 1-3157

 

New York   13-0872805

(State or other jurisdiction

of incorporation)

  

(IRS Employer

Identification No.)

 

6400 Poplar Avenue, Memphis, Tennessee   38197
(Address of principal executive offices)   (ZIP Code)

Registrant’s telephone number, including area code: (901) 419-7000

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

 

 

SECTION 5. CORPORATE GOVERNANCE AND MANAGEMENT.

 

Item 5.07. Submission of Matters to a Vote of Security Holders.

(a) International Paper Company (the “Company”) held its annual meeting of shareowners on May 11, 2015.

(b) Of the 422,865,795 shares outstanding on the record date and entitled to vote at the meeting, 377,203,997 shares were present at the meeting in person or by proxy, constituting a quorum of 89.2 percent. The shareowners of the Company’s common stock considered and voted upon three Company proposals and one shareowner proposal at the meeting.

Item 1 – 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 Company’s 2016 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		  

David J. Bronczek

      323,094,103         2,166,308         996,330         50,947,256   

William J. Burns

      324,581,319         681,385         994,037         50,947,256   

Ahmet C. Dorduncu

      324,738,732         507,807         1,010,202         50,947,256   

Ilene S. Gordon

      322,974,430         2,304,243         978,068         50,947,256   

Jay L. Johnson

      324,540,868         722,585         993,288         50,947,256   

Stacey J. Mobley

      320,351,767         4,913,217         991,757         50,947,256   

Joan E. Spero

      324,342,533         927,504         986,704         50,947,256   

Mark S. Sutton

      303,378,281         15,852,833         7,025,627         50,947,256   

John L. Townsend, III

      323,073,760         2,194,759         988,222         50,947,256   

William G. Walter

      322,916,041         2,350,592         990,108         50,947,256   

J. Steven Whisler

      324,544,901         724,174         987,666         50,947,256   

Ray G. Young

      323,133,512         2,130,376         992,853         50,947,256   

 

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Item 2 – Company Proposal to Ratify Deloitte & Touche LLP as the Company’s Independent Registered Public Accounting Firm for 2015

The holders of the Company’s common stock ratified the appointment of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2015 by the following count:

 

For

  

Against

  

Abstain

  

Broker

Non-Votes

371,759,320   4,242,083   1,202,594   —  

Item 3 – Company Proposal to Vote on a Non-Binding Resolution to Approve the Compensation of the Company’s Named Executive Officers

The holders of the Company’s common stock supported the non-binding resolution to approve the compensation of the Company’s named executive officers by the following count:

 

For

  

Against

  

Abstain

  

Broker

Non-Votes

314,622,175   10,041,001   1,593,565   50,947,256

Item 4 – Shareowner Proposal Concerning a Policy on Accelerated Vesting of Equity Awards of Senior Executives Upon a Change in Control

The holders of the Company’s common stock did not approve the non-binding shareowner proposal concerning a policy on accelerated vesting of equity awards of senior executives upon a change in control by the following count:

 

For

  

Against

  

Abstain

  

Broker

Non-Votes

119,234,831   204,431,249   2,590,661   50,947,256

(c) and (d) Not applicable.

 

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

International Paper Company
Date: May 11, 2015 By:

/s/ SHARON R. RYAN

Name: Sharon R. Ryan
Title: Senior Vice President, General Counsel and Corporate Secretary

 

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