8-K

United States

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 __________________________________

FORM 8-K

__________________________________

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of Report: November 8, 2016

Commission File Number 1-7107

 __________________________________ 

LOUISIANA-PACIFIC CORPORATION

(Exact name of registrant as specified in its charter)

 __________________________________ 

DELAWARE	1-7107	93-0609074
(State or other jurisdiction of incorporation or organization)	Commission File Number	(IRS Employer Identification No.)

414 Union Street, Suite 2000, Nashville, TN 37219

(Address of principal executive offices) (Zip Code)

Registrant’s telephone number, including area code: (615) 986-5600

 __________________________________ 

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))

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

On December 6, 2016, Brian E. Luoma, who currently serves as Executive Vice President, General Manager Siding of Louisiana-Pacific Corporation (the “Company”), notified the Board of Directors of the Company (the “Board”) that he will be resigning from employment with the Company at a mutually agreeable time no later than June 1, 2017. Effective January 1, 2017, Mr. Luoma will no longer be an executive officer of the Company.

To ensure a smooth transition, the Board authorized the Company to enter into a Separation Agreement with Mr. Luoma in connection with his departure from the Company. The Separation Agreement provides for Mr. Luoma to receive the following compensation and benefits: a cash amount equal to 18 months base salary less any salary Mr. Luoma receives as an employee from the Company after January 1, 2017; continued vesting of his restricted stock awards outstanding at the time of his termination of employment in accordance with their existing vesting schedules; an amount equal to 18 months of health insurance premiums; up to 12 months of outplacement services; financial planning services for the remainder of 2017; and tax return preparation services for 2017.

On December 8, 2016, the Company announced that the Board approved, on December 6, 2016, the promotion and appointment of Neil Sherman as Executive Vice President, General Manager Siding. Mr. Sherman’s promotion will be effective January 1, 2017. Mr. Sherman, age 54, is currently the Company’s Senior Vice President, General Manager Engineered Wood Products, a position that he has held since March 2015. Prior to that, Mr. Sherman was Vice President of Procurement, Logistics and Supply Management and has had held positions with increasing responsibility since joining the Company in 1994.

On December 8, 2016, the Company also announced that the Board approved, on December 6, 2016,the promotion and appointment of Jason Ringblom as Executive Vice President, General Manager OSB. Mr. Ringblom, age 34, is currently the Company’s Vice President, OSB Sales and Marketing, a position that he has held since March 2015. Prior to that, Mr. Ringblom was Regional Sales Manager for the Eastern Division of the United States. Prior to that, Mr. Ringbloom was OSB Sales Manager and has held positions with increasing responsibility since joining the Company in 2004.

The Company will enter into a Change-of-Control Agreement with Mr. Ringblom, effective January 1, 2017, substantially in the form of the Change-of-Control Agreement that the Company has entered into with its other executive officers.

Item 7.01 Regulation FD Disclosure

On December 8, 2016, the Company issued a press release relating to the promotions and reorganization of its Executive Leadership, which is furnished herewith as Exhibit 99.1.

Item 9.01 Financial Statements, Pro Forma Financial Statements and Exhibits.

Exhibit Number	Description
99.1	Press release issued by Louisiana-Pacific Corporation on December 8, 2016 regarding changes in executive leadership

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.

LOUISIANA-PACIFIC CORPORATION
By:	/S/ SALLIE B. BAILEY
	Sallie B. Bailey
	Executive Vice President and Chief
	Financial Officer
	(Principal Financial Officer)

Date: December 8, 2016

EX-99.1

NEWS RELEASE

Release No. 120-12-16

Contact:

Mark Morrison (Media Relations)

615.986.5886

Becky Barckley/Mike Kinney (Investor Relations)

615.986.5600

FOR RELEASE AT 6:55 A.M. (EST) THURSDAY, DECEMBER 8, 2016

LP Announces Changes in Executive Leadership

NASHVILLE, Tenn. (Dec. 8, 2016) - Louisiana-Pacific Corporation (LP) (NYSE: LPX) announced today changes to its executive management team. The organizational changes will be effective Jan. 1, 2017.

“These changes are part of our continuous improvement efforts to strengthen our leadership team to benefit from different perspectives, embed market facing experience into the top levels of LP and organize so that we can quickly implement best practices across our company,” Chief Operating Officer Brad Southern said.

The changes include:

• Oriented Strand Board (OSB) Sales and Marketing Vice President Jason Ringblom will become executive vice president and general manager of the OSB business. The OSB business has been under the leadership of Brad Southern who became LP’s Chief Operating Officer last month.

• Engineered Wood Products (EWP) Senior Vice President Neil Sherman will become executive vice president and general manager of the Siding business, replacing Brian Luoma, who is leaving LP to pursue other opportunities.

• Sales and Marketing Senior Vice President Mike Sims will lead the company’s EWP business in addition to his executive sales, marketing and strategy responsibilities.

• Field Sales Vice President Craig Sichling will be promoted to vice president of specialty sales and marketing. In his new role he will lead LP’s siding marketing group and maintain responsibility for field sales.

“I’m very pleased that Jason, Neil, Mike and Craig are stepping up to new responsibilities and I’m fully confident that they will bring their talents and expertise to these new roles,” Chief Executive Officer Curt

Stevens said. “Brian Luoma has served LP well during his long tenure with the company and we appreciate his contributions to our company’s success. We wish him well in his future endeavors.”

Sherman joined LP in 1994, and has held a variety of positions with the company including service as vice president of procurement, logistics and supply management prior to leading the EWP business. He was also the project manager of LP’s successful ERP implementation and has held the director of business development and corporate real estate position for LP. He holds a B.S. in Waste and Waste Water Management from Humboldt State University.

Ringblom joined LP in 2004, and was named vice president of OSB sales and marketing in February 2015. In his time with LP he has held a variety of positions, including OSB sales manager, general sales manager for the southeast region and regional sales manager for the eastern half of the U.S. He holds a B.S. in Forest Products Marketing & Business Management from the University of Minnesota.

Sims has worked in building products in various sales and marketing capacities since 1984. A former vice president of OSB sales and marketing, Sims was named senior vice president of LP sales and marketing in 2015. He holds a B.A. from Western State Colorado University.

Sichling joined LP in 2001, and has led and managed the U.S. field sales team since 2004. He was named vice president in 2015 and is responsible for all field sales efforts in the United States and Canada. He holds a B.A. from State University of New York in Oneonta.

About LP

Louisiana-Pacific Corporation is a leading manufacturer of quality engineered wood building materials including OSB, structural framing products, and exterior siding for use in residential, industrial and light commercial construction. From manufacturing facilities in the U.S., Canada, Chile and Brazil, LP products are sold to builders and homeowners through building materials distributors and dealers and retail home centers. Founded in 1973, LP is headquartered in Nashville, Tennessee and traded on the New York Stock Exchange under LPX. For more information, visit www.lpcorp.com.

###