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): January 3, 2023

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)	(I.R.S. Employer Identification No.)

6400 Poplar Avenue, Memphis, Tennessee	38197
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (901) 419-9000

(Former name or former address, if changed since last report.)

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 (see General Instruction A.2. below):

☐ 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))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class	Trading Symbol(s)	Name of each exchange on which registered
Common Stock, $1 per share par value	IP	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company  ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.  ☐

SECTION 5. CORPORATE GOVERNANCE AND MANAGEMENT.

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 3, 2023, Gregory T. Wanta, Senior Vice President, North American Container, of International Paper Company (the “Company”) notified the Company of his intent to retire after a transition period. Mr. Wanta has been with the Company for 31 years, and has served as the Company’s Senior Vice President, North American Container since 2016.

Item 7.01 Regulation FD Disclosure.

In conjunction with Mr. Wanta’s retirement, the Board of Directors of the Company appointed W. Thomas (Tom) Hamic, as Senior Vice President, North American Container and Chief Commercial Officer, effective immediately. Mr. Hamic joined the Company in 1991 and has served in a variety of sales, marketing and strategy leadership roles, including positions in the Company’s Containerboard and North American Container businesses. Most recently, Mr. Hamic led significant commercial and financial improvements in the Company’s Global Cellulose Fibers business.

On January 4, 2023, the Company issued a press release announcing the new position for Mr. Hamic and the retirement of Mr. Wanta. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K.

The information in this Current Report on Form 8-K, including Exhibit 99.1, is being furnished pursuant to Item 7.01 of Form 8-K and General Instruction B.2 thereunder. Such information shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended.

SECTION 9. FINANCIAL STATEMENTS AND EXHIBITS.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits.

Exhibit Number	Description
99.1	Press Release of International Paper Company dated January 4, 2023.
104	Cover Page Interactive Data File (the cover page XBRL tags are embedded within the Inline XBRL document).

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: January 5, 2023	By:	/s/ Joseph R. Saab
	Name:	Joseph R. Saab
	Title:	Senior Vice President, General Counsel and Corporate Secretary

EX-99.1

EXHIBIT 99.1

INTERNATIONAL PAPER PLAZA

6400 POPLAR AVENUE

MEMPHIS, TN 38197

News Release

International Paper Announces Changes to Executive Team

Long-Serving Leader to Retire

MEMPHIS, Tenn. – January 4, 2023– International Paper (NYSE: IP) announced changes to its senior leadership team today including the retirement of a long-serving executive and organizational shifts to enhance agility in serving customers and driving profitable growth.

Greg Wanta, senior vice president of the company’s North American Container business, will retire after transitioning responsibilities. “I want to thank Greg for his 31 years of service and wish him well in his retirement. Greg led the North American Container business since 2016 and his contributions to the company are foundational to our growth plans,” said Mark Sutton, chairman and chief executive officer.

The following leadership moves are effective immediately:

• Tom Hamic has been named senior vice president, North American Container and chief commercial officer. Tom joined the company in 1991 and has served in a variety of sales, marketing and strategy leadership roles, including positions in the company’s containerboard and North American container businesses. Most recently, Tom led significant commercial and financial improvements in the company’s Global Cellulose Fibers business.

• Jay Royalty has been named senior vice president, Containerboard and Recycling. He will also retain interim responsibility for the company’s EMEA Packaging business. Jay joined the company in 1991 and has served in a variety of converting, sales, marketing and finance leadership roles. Jay most recently served as senior vice president, EMEA Packaging.

• Clay Ellis has been named senior vice president, Global Cellulose Fibers. Clay joined the company in 1992 and has served in a variety of manufacturing, engineering, technical and commercial leadership roles, including positions in the company’s pulp business. Most recently, he served as senior vice president, Enterprise Operational Excellence.

“These moves reflect our leadership bench strength,” said Sutton. “Each of these business leaders have demonstrated strategic agility and drive in achieving industry-leading results.”

The International Paper Board of Directors has elected two new executives to Sutton’s leadership team:

• Aimee Gregg has been elected senior vice president, Supply Chain and Information Technology. Gregg joined the company in 2002 and has served in a variety of sales, operations and business leadership roles in the company’s North American Industrial Packaging business. She most recently served as vice president and general manager, Containerboard and Recycling.

• Allison Magness has been elected senior vice president, Manufacturing and Environment, Health and Safety. Magness joined the company in 2000 and has served in a variety of engineering, manufacturing and business leadership roles. She most recently served as vice president, South Area, North American Container.

“These functional roles have an increasingly important impact in differentiating the company’s performance and in improving the customer experience,” said Sutton. “Aimee and Allison bring capabilities and perspective that will be key in accelerating initiatives that support business strategies. I’m excited about what’s next for our company with the diverse talent and perspective of our senior leaders guiding plans to Build a Better IP,” Sutton said.

About International Paper

International Paper (NYSE: IP) is a leading global supplier of renewable fiber-based products. We produce corrugated packaging products that protect and promote goods, and enable worldwide commerce, and pulp for diapers, tissue and other personal care products that promote health and wellness. Headquartered in Memphis, Tenn., we employ approximately 38,000 colleagues globally. We serve customers worldwide, with manufacturing operations in North America, Latin America, North Africa and Europe. Net sales for 2021 were $19.4 billion. Additional information can be found by visiting InternationalPaper.com.

###

Contacts

Media: Amy Simpson, 901-419-4964; Investors: Mark Nellessen, 901-419-1731 and Michele Vargas, 901-419-7287.

XML

Document and Entity Information	Jan. 03, 2023
Cover [Abstract]
Entity Registrant Name	INTERNATIONAL PAPER CO /NEW/
Amendment Flag	false
Entity Central Index Key	0000051434
Document Type	8-K
Document Period End Date	Jan. 03, 2023
Entity File Number	1-3157
Entity Incorporation State Country Code	NY
Entity Tax Identification Number	13-0872805
Entity Address, Address Line One	6400 Poplar Avenue
Entity Address, City or Town	Memphis
Entity Address, State or Province	TN
Entity Address, Postal Zip Code	38197
City Area Code	(901)
Local Phone Number	419-9000
Written Communications	false
Soliciting Material	false
Pre Commencement Tender Offer	false
Pre Commencement Issuer Tender Offer	false
Security 12b Title	Common Stock, $1 per share par value
Trading Symbol	IP
Security Exchange Name	NYSE
Entity Emerging Growth Company	false