Boise Cascade (NYSE: BCC) details 2026 meeting, CEO transition and 2025 capital deployment
Boise Cascade Company is asking shareholders to vote at its virtual 2026 Annual Meeting on April 30, 2026, on four items: electing ten directors, setting the frequency of say‑on‑pay votes, approving executive compensation on an advisory basis, and ratifying KPMG as auditor for 2026.
The proxy highlights a leadership transition, with Jeff Strom becoming chief executive officer in March 2026, former CEO Nate Jorgensen moving to non‑independent board chair (subject to reelection), and Kristopher Matula serving as lead independent director. Committee chairs for audit and compensation will also refresh, while the board remains majority independent.
Strategically, management emphasizes expanding distribution and engineered wood products, data‑driven operational excellence, and digital innovation. In 2025 the company invested about $275 million in capital projects and acquisitions, and returned $216.0 million to shareholders through buybacks and dividends. The filing details extensive governance, clawback, and risk‑oversight practices, plus environmental and human capital initiatives.
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SECURITIES AND EXCHANGE COMMISSION
SCHEDULE 14A INFORMATION
the Securities Exchange Act of 1934 (Amendment No. )
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TABLE OF CONTENTS
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| | 1 | | | PROXY STATEMENT SUMMARY | |
| | 1 | | | PURPOSE AND STRATEGY | |
| | 2 | | | EXECUTING OUR STRATEGY | |
| | 3 | | | 2026 ANNUAL MEETING INFORMATION | |
| | 4 | | | VOTING MATTERS | |
| | 4 | | | DIRECTORS | |
| | 7 | | | 2025 SELECT PERFORMANCE HIGHLIGHTS | |
| | 8 | | | EXECUTIVE COMPENSATION HIGHLIGHTS | |
| | 9 | | | CORPORATE GOVERNANCE PRACTICES AND HIGHLIGHTS | |
| | 10 | | | RATIFICATION OF INDEPENDENT REGISTERED ACCOUNTING FIRM | |
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| | 11 | | | CORPORATE GOVERNANCE AND BOARD MATTERS | |
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11
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PROPOSAL NO. 1 — ELECTION OF TEN DIRECTORS
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| | 11 | | | Director Skills Matrix | |
| | 13 | | | DIRECTORS | |
| | 17 | | | CORPORATE GOVERNANCE | |
| | 17 | | | Code of Ethics for Our Board | |
| | 18 | | | Corporate Governance Guidelines | |
| | 18 | | | Director Independence | |
| | 18 | | | Related-Person Transactions | |
| | 19 | | | Role of Compensation Consultant | |
| | 19 | | | Role of Board in Our Risk Management Processes | |
| | 20 | | | Risk Analysis of Employee Compensation Policies and Practices | |
| | 21 | | | Director Selection Process | |
| | 22 | | | Board and Committee Self-Evaluations | |
| | 22 | | | Director Time Commitment Policy | |
| | 23 | | | Communications with Our Board | |
| | 23 | | | Shareholder Engagement | |
| | 24 | | | Sustainability, Environmental, and Human Capital Management | |
| | 26 | | | BOARD STRUCTURE | |
| | 26 | | | Board Leadership Structure | |
| | 26 | | | Executive Sessions and Independent Director Sessions | |
| | 27 | | | 2025 Meeting Attendance | |
| | 27 | | | Board Committees | |
| | 31 | | | BOARD COMPENSATION | |
| | 31 | | | 2025 Director Compensation Table | |
| | 31 | | | Director Fees | |
| | 32 | | | 2025 Director Restricted Stock Unit Awards | |
| | 32 | | | Directors Deferred Compensation Plan | |
| | 32 | | | Compensation Committee Interlocks and Insider Participation | |
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| | 33 | | | EXECUTIVE COMPENSATION | |
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33
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PROPOSAL NO. 2 — ADVISORY VOTE ON FREQUENCY OF ADVISORY VOTE REGARDING EXECUTIVE COMPENSATION
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34
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PROPOSAL NO. 3 — ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION
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| | 35 | | | COMPENSATION COMMITTEE REPORT | |
| | 35 | | | COMPENSATION DISCUSSION AND ANALYSIS | |
| | 46 | | | COMPENSATION TABLES | |
| | 46 | | | 2025 Summary Compensation Table | |
| | 48 | | | 2025 Grants of Plan-Based Awards | |
| | 49 | | |
2025 Outstanding Equity Awards at Fiscal Year-End
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| | 50 | | | 2025 Option Exercises and Stock Vested | |
| | 50 | | | 2025 Supplemental Pension Benefits | |
| | 50 | | | 2025 Nonqualified Deferred Compensation | |
| | 51 | | | Potential Payments upon Termination or Change in Control | |
| | 53 | | | PAY RATIO DISCLOSURE | |
| | 54 | | | PAY VERSUS PERFORMANCE DISCLOSURE | |
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59
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| | AUDIT-RELATED MATTERS | |
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59
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PROPOSAL NO. 4 — RATIFICATION OF INDEPENDENT ACCOUNTANT FOR THE YEAR ENDING DECEMBER 31, 2026
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| | 60 | | | AUDIT COMMITTEE REPORT | |
| | 60 | | | Audit Committee Charter and Responsibilities | |
| | 60 | | | Audit Committee Financial Experts | |
| | 60 | | | Recommendation of Financial Statements | |
| | 61 | | | FEES PAID TO KPMG | |
| | 61 | | | POLICIES AND PROCEDURES FOR PREAPPROVAL OF AUDIT AND NON-AUDIT SERVICES | |
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62
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| | STOCK OWNERSHIP | |
| | 62 | | | STOCK OWNERSHIP GUIDELINES FOR OUR DIRECTORS AND OUR OFFICERS | |
| | 62 | | | SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT | |
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65
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| | INFORMATION ABOUT OUR ANNUAL MEETING | |
| | 65 | | | INFORMATION ABOUT OUR ANNUAL SHAREHOLDERS’ MEETING AND VOTING | |
| | 65 | | | Internet Availability of Proxy Materials, Annual Reports, and Other Reports and Policies | |
| | 65 | | | Record Date and Voting at Our 2026 Annual Shareholders’ Meeting | |
| | 66 | | | Quorum | |
| | 66 | | | Independent Tabulator | |
| | 66 | | | Independent Inspector of Election | |
| | 66 | | | Proxy Solicitation | |
| | 66 | | | Attending the Annual Meeting | |
| | 67 | | | ADDITIONAL INFORMATION | |
| | 67 | | | Householding of Annual Meeting Materials | |
| | 67 | | | Shareholder Proposals for Inclusion in Next Year’s Proxy Statement | |
| | Boise Cascade Company 1111 West Jefferson Street Suite 300 Boise, Idaho 83702 |
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LETTER FROM OUR BOARD CHAIR
AND LEAD INDEPENDENT DIRECTOR |
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www.virtualshareholdermeeting.com/BCC2026. The Notice of Annual Meeting of Shareholders and the Proxy Statement that follow describe the business to be conducted at the meeting.
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THOMAS CARLILE
BOARD CHAIR (until April 30, 2026) |
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DAVID HANNAH
LEAD INDEPENDENT DIRECTOR (until April 30, 2026) |
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NATE JORGENSEN
BOARD CHAIR (as of April 30, 2026) |
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KRISTOPHER MATULA
LEAD INDEPENDENT DIRECTOR (as of April 30, 2026) |
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and Committee Refreshment
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| | Thomas Carlile Board Chair |
| | David Hannah Lead Independent Director |
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Boise Cascade Company
1111 West Jefferson Street Suite 300 Boise, Idaho 83702 |
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NOTICE OF ANNUAL MEETING OF SHAREHOLDERS
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Logistics
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DATE AND TIME
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| Thursday, April 30, 2026 9:30 a.m., Mountain Daylight Time |
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VIRTUAL MEETING
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www.virtualshareholder
meeting.com/BCC2026 There will be no physical location.
Please note that you will need the 12-digit control number included on your proxy card in order to access the Annual Meeting.
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RECORD DATE
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| Holders of record of the Company’s common stock at the close of business on March 5, 2026 are entitled to notice of, and to vote at, the meeting. | | |||
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Agenda
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Board Recommendation
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1
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To elect ten directors (each a Director, and collectively, Directors) to the Company’s board of directors (Board), each to serve a one-year term.
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FOR each nominee
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2
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To approve, on an advisory basis, the frequency of the advisory vote regarding executive compensation.
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FOR ANNUAL VOTE
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3
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To approve, on an advisory basis, the Company’s executive compensation.
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FOR
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4
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To ratify the appointment of KPMG LLP (KPMG) as the Company’s independent registered public accounting firm for the year ending December 31, 2026.
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FOR
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5
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To conduct other business properly presented at the meeting.
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VOTING
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Place your vote
online, 24/7, at www.proxyvote.com |
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Call toll-free,
24/7, 1 (800) 690-6903 |
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Sign, date, and
mail your proxy card or voting instruction form |
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Scan the
QR code
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Attend the
virtual meeting and vote online |
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IMPORTANT NOTICE REGARDING THE AVAILABILITY OF PROXY MATERIALS FOR THE ANNUAL MEETING OF SHAREHOLDERS TO BE HELD ON April 30, 2026
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The 2026 Notice of the Annual Meeting of Shareholders, 2026 Proxy Statement, and 2025 Annual Report are available at www.proxyvote.com, as set out in the proxy card, and on page 65 of the proxy statement.
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| | | Boise Cascade is pleased to deliver proxy materials electronically as electronic delivery allows us to provide you with the information you need for the Annual Meeting, while reducing environmental impacts and costs. | | |||
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Enroll online when you vote by following the instructions at www.proxyvote.com
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Many of Boise Cascade’s shareholders received their 2026 proxy materials and 2025 Annual Report electronically. If we mailed you a Notice of Internet Availability of Proxy Materials or a printed copy of our proxy statement and annual report, we encourage you to help us efficiently and cost-effectively communicate with you by electing to receive these materials by email in the future. You can choose this option by:
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Following the instructions provided on your proxy card or voting instruction form if you received a paper copy of the proxy materials
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Following the instructions provided when you vote online
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Reaching out to your broker for its specific instructions
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Scan the QR code to go to www.proxyvote.com to vote using your mobile device, sign up for e-delivery or download Annual Meeting materials
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By order of the Board,
Jill Twedt
Senior Vice President, General Counsel and Corporate Secretary |
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March 17, 2026
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Note about Forward-Looking Statements
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| | | This proxy statement contains statements concerning future events and expectations, including, without limitation, statements relating to expected key drivers for Boise Cascade and each of its business segments. These statements constitute forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any statements that express, or involve discussions as to, expectations, beliefs, plans, objectives, assumptions, or future events or performance, often, but not always, through the use of words or phrases such as “anticipates,” “believes,” “could,” “estimates,” “expects,” “intends,” “outlook,” “potential,” “plans,” “predicts,” “preliminary,” “projects,” “targets,” “may,” “may result,” or similar expressions, are not statements of historical facts and may be forward-looking. Forward-looking statements are not guarantees of future performance, involve estimates, assumptions, risks, and uncertainties, and may differ materially from actual results, performance, or outcomes. Factors that could cause actual results or outcomes to differ materially from those contained in forward-looking statements include those factors set forth in Boise Cascade’s most recent Annual Report on Form 10-K, subsequent reports filed by Boise Cascade with the Securities and Exchange Commission (SEC), and the following important factors: the commodity nature of a portion of our products and their price movements, which are driven largely by general economic conditions, industry capacity and operating rates, industry cycles that affect supply and demand, and net import and export activity; the highly competitive nature of our industry; declines in demand for our products due to competing technologies or materials, as well as changes in building code provisions; disruptions to information systems used to process and store customer, employee, and vendor information, as well as the technology that manages our operations and other business processes; material disruptions and/or major equipment failure at our manufacturing facilities; declining demand for residual byproducts, particularly wood chips generated in our manufacturing operations; labor disruptions, shortages of skilled and technical labor, or increased labor costs; product shortages, loss of key suppliers, and our dependence on third-party suppliers and manufacturers; the cost and availability of third-party transportation services used to deliver the goods we distribute and manufacture, as well as our raw materials; cost and availability of raw materials, particularly wood fiber; the need to successfully formulate and implement succession plans for key members of our management team; our ability to execute our organic growth and acquisition strategies efficiently and effectively; failures or delays with new or existing technology systems and software platforms; our ability to successfully pursue our long-term growth strategy related to innovation and digital technology; concentration of our sales among a relatively small group of customers, as well as the financial condition and creditworthiness of our customers; impairment of our long-lived assets, goodwill, and/or intangible assets; substantial ongoing capital investment costs, including those associated with organic growth and acquisitions, and the difficulty in offsetting fixed costs related to those investments; our indebtedness, including the possibility that we may not generate sufficient cash flows from operations or that future borrowings may not be available in amounts sufficient to fulfill our debt obligations and fund other liquidity needs; restrictive covenants contained in our debt agreements; changes in or failure to comply with laws and regulations; changes in foreign trade policy, including the imposition of tariffs; compliance with data privacy and security laws and regulations; the impacts of climate change and related legislative and regulatory responses intended to reduce climate change; cost of compliance with government regulations, in particular, environmental regulations; exposure to product liability, product warranty, casualty, construction defect, and other claims; and fluctuations in the market for our equity. | | |
| | | It is not possible to predict or identify all risks and uncertainties that might affect the accuracy of our forward-looking statements and, consequently, our descriptions of such risks and uncertainties should not be considered exhaustive. There is no guarantee that any of the events anticipated by these forward-looking statements will occur, and if any of the events do occur, there is no guarantee what effect they will have on the company’s business, results of operations, cash flows, financial condition and future prospects. Forward-looking statements speak only as of the date they are made, and, except as required by law, we undertake no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. | | |
| | | This proxy statement includes references to EBITDA and Adjusted EBITDA, which are non-GAAP financial measures within the meaning of the SEC’s Regulation G. Reconciliations of net income to EBITDA and Adjusted EBITDA are included in the Company’s Form 10-K filed on February 24, 2026. | | |
| | | Any and all website addresses included in this proxy statement are included as textual references only, and none of the information contained in such websites (or accessed through them) is incorporated into this proxy statement or shall be regarded as part of this proxy statement. | | |
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Proxy Statement
Summary |
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Corporate Governance
and Board Matters |
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Executive
Compensation |
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Audit-Related
Matters |
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Stock
Ownership |
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Information about
Our Annual Meeting |
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PROXY STATEMENT SUMMARY
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Boise Cascade’s strategy is to continue to grow as a premier integrated wholesale distribution company for building products and a manufacturer of engineered wood products and plywood. As a leading distributor and manufacturer of building materials, we bring people, products, and services together to build strong homes, businesses, and communities that stand the test of time. At Boise Cascade, we truly care about relationships with our employees, customers, suppliers, shareholders, and the communities where we operate. We approach the way we do business with these core values:
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INTEGRITY |
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SAFETY |
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RESPECT |
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PURSUIT OF EXCELLENCE |
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We are our word. Integrity goes beyond the lasting structural strength of our products. Integrity is our uncompromising commitment to do the right thing. We nurture long-term relationships every day, in everything that we do.
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We each have the responsibility for our own safety and the safety of those around us, both at work and at home. Together, we strive to create an injury-free environment by identifying risks, eliminating hazards, and requiring safe behaviors.
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We cultivate a climate of mutual respect, camaraderie, and teamwork. We welcome various backgrounds, views, and skills because we believe it results in stronger teams, inspired solutions, and greater agility as an organization.
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| | We are committed to the continuous improvement of people, processes, and the quality of products that we deliver. We apply best practices in our environmental management and forest stewardship. We all have the autonomy to apply our knowledge and experience to solve problems, make decisions, and implement new ideas to drive sustainable results. | |
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Proxy Statement
Summary |
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Corporate Governance
and Board Matters |
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Executive
Compensation |
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Audit-Related
Matters |
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Stock
Ownership |
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Information about
Our Annual Meeting |
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1
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2
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3
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4
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Increase our earnings and earnings stability by expanding our distribution capabilities and growing our market position in EWP.
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Leverage our integrated business model and superior access to the market for our Wood Products segment through our BMD segment.
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Drive operational excellence by using data-driven process improvement programs and highly efficient logistics systems.
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Accelerate the pace of innovation and digital technology and continue to foster a connected workplace culture.
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Proxy Statement
Summary |
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Corporate Governance
and Board Matters |
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Executive
Compensation |
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Audit-Related
Matters |
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Stock
Ownership |
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Information about
Our Annual Meeting |
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DATE AND TIME April 30, 2026
9:30 a.m., MDT |
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PLACE — VIRTUAL MEETINGTo participate in the live online Annual Meeting, please visit: www.virtualshareholdermeeting.com/BCC2026
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RECORD DATE March 5, 2026
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ADMISSION Only holders of record of the Company’s common stock as of the record date will be entitled to notice and to vote.
Please note that you will need the 12-digit control number included on your Notice of Internet Availability of Proxy Materials or, if you receive paper copies of your proxy materials, on your proxy card in order to access the Annual Meeting.
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Proxy Statement
Summary |
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Corporate Governance
and Board Matters |
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Executive
Compensation |
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Audit-Related
Matters |
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Stock
Ownership |
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Information about
Our Annual Meeting |
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PROPOSAL 1
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PROPOSAL 2
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PROPOSAL 3
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PROPOSAL 4
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ELECTION OF DIRECTORS
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Advisory Vote on Frequency of Advisory Vote Regarding Executive Compensation
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APPROVAL, ON AN ADVISORY BASIS, OF
OUR EXECUTIVE COMPENSATION |
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RATIFICATION OF THE
APPOINTMENT OF AUDITORS |
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BOARD RECOMMENDATION
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FOR each
nominee
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BOARD
RECOMMENDATION |
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FOR
ANNUAL VOTE
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BOARD
RECOMMENDATION |
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FOR
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BOARD
RECOMMENDATION |
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FOR
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Proposal
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Page
Reference |
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Vote Requirement
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Broker Discretionary
Voting Allowed? |
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Effect of
Abstentions |
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Effect of Broker
Non-Vote |
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1
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Election of Directors
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page 11
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Majority of votes
present and entitled to vote |
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No
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Counted as
vote AGAINST |
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No effect
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2
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Advisory Vote on Frequency of Advisory Vote Regarding Executive Compensation
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page 33
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Majority of votes
present and entitled to vote |
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No
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Counted as
vote AGAINST |
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No effect
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3
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Approval, on an advisory basis, of Executive Compensation
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page 34
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Majority of votes
present and entitled to vote |
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No
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Counted as
vote AGAINST |
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No effect
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4
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Ratification of Independent Registered Public Accounting Firm
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page 59
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Majority of votes
present and entitled to vote |
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Yes
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Counted as
vote AGAINST |
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N/A
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Proxy Statement
Summary |
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Corporate Governance
and Board Matters |
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Executive
Compensation |
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Audit-Related
Matters |
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Stock
Ownership |
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Information about
Our Annual Meeting |
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Committee Memberships
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Director Name and Occupation
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Age
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Director
Since |
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Independent
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Audit(1)
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Compensation(2)
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Corporate
Governance and Nominating |
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Other Current
Public Company Boards |
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Steven Cooper
Retired Chief Executive Officer, TrueBlue, Inc.
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63
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2015
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M
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M
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—
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Craig Dawson
President and Chief Executive Officer, Retail Lockbox, Inc.
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64
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2022
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M
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M
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—
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Karen Gowland
Retired Senior Vice President, General Counsel and Corporate Secretary, Boise Inc.
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67
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2014
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M
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C
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Packaging Corporation of America
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Amy Humphreys
Chief Executive Officer, Darigold, Inc.
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60
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2022
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C
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M
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—
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Nate Jorgensen(3)
Retired Chief Executive Officer, Boise Cascade Company
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61
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2020
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IDACORP, Inc., and its primary subsidiary Idaho Power Company
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Kristopher Matula(4)
Retired President, Chief Operating Officer, Buckeye Technologies Inc.
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63
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2014
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M
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M
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—
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Duane McDougall
Retired President and Chief Executive Officer, Willamette Industries, Inc.
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74
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2013
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M
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M
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—
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Christopher McGowan
General Partner CJM Ventures, LLC/OPTO Holdings, L.P.
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54
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2013
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M
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M
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—
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Jeff Strom
Chief Executive Officer, Boise Cascade Company
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58
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April 30,
2026 |
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—
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Sue Taylor
Retired Chief Information Officer, Bill and Melinda Gates Foundation
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68
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2019
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M
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C
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—
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Number of Meetings in 2025
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Board — 8
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4
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6
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3
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C
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COMMITTEE
CHAIR |
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M
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COMMITTEE MEMBER
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CHAIR OF THE BOARD
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LEAD INDEPENDENT DIRECTOR
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AUDIT COMMITTEE FINANCIAL EXPERT
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Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
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| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
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●
Our BMD segment continued pursuing its strategy to enlarge its footprint to better serve and support its customers by:
>
opening a greenfield distribution facility in Hondo, Texas
>
acquiring a new distribution facility in Chicopee, Massachusetts
|
|
| |
|
| |
●
Our Wood Products segment:
>
completed a multi-year project to significantly modernize our Oakdale, Louisiana mill
>
fully converted our Homedale, Idaho mill to full width glulam beams
>
has nearly completed the addition of I-joist production capabilities at our Thorsby, Alabama (EWP) mill
|
|
| |
|
| |
●
The Company returned a total of $216.0 million to shareholders by repurchasing approximately 2.1 million shares of our common stock for a purchase price of $181.4 million, and increasing the quarterly dividend in September 2025 by 5% (total amount of dividends paid in 2025 was $34.6 million)
|
|
| |
|
| |
●
We continued to foster a connected workplace culture for our employees through several initiatives, such as engaging more employees in leadership and crucial accountability training, expanding our performance management processes, and continuing to communicate on ways to help build a connected workplace at any level in the organization
|
|
| |
|
| |
●
We continued innovation through active product development opportunities, including:
>
use of data-driven technologies to increase the value of decision making at all levels in our BMD segment
>
development of new products for commercial construction applications in our Wood Products segment
|
|
| |
|
| |
●
We continued innovation through digital technology by:
>
modernizing our timekeeping and BMD segment business systems to the cloud environment
>
expanding our use of artificial intelligence (AI) tools to drive internal efficiency (including asset monitoring applications for predictive maintenance)
>
enhancing our digital learning paths and courses available for employee online learning
|
|
| |
|
| |
●
We continued the improvement of our safety programs across our business, including:
>
upgrading existing safety program technologies
>
implementing AI-based data gathering technologies
>
continuing our emphasis on strengthening leadership engagement (observe, interact, listen, and respond) and increasing face-to-face safety coaching in our distribution and manufacturing facilities
>
continuing our commitment to making Boise Cascade a place where “Nobody Gets Hurt”
|
|
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
|
Board Structure
|
| |
Shareholder Rights and Engagement
|
|
80% of Directors are independent
100% independent audit, compensation, and corporate governance and nominating committee members
Lead independent director with robust and defined responsibilities
Board access to senior management and independent advisors
Executive sessions of independent Directors at least twice per year at regular Board meetings
|
| |
Annual election of all Directors
Majority vote standard in uncontested Director elections
Shareholder outreach program
No shareholder rights plan
Annual advisory vote on NEO compensation
|
|
|
Policies and Practices
|
| | | |
Clawback, anti-hedging, and anti-pledging policies
Annual Board, Board chair, committee, and individual Director evaluation processes and review of management
Robust stock ownership guidelines:
Overboarding policy
Mandatory Director retirement age of 75
Code of Ethics for Directors, officers, and employees
|
| | | |
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
CORPORATE GOVERNANCE AND BOARD MATTERS
|
|
| |
|
| |
|
| |
Our Board recommends shareholders vote FOR all of our Directors.
|
|
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| | | |
COOPER
|
| | |
DAWSON
|
| | |
GOWLAND
|
| | |
HUMPHREYS
|
| | |
JORGENSEN
|
| | |
MATULA
|
| | |
MCDOUGALL
|
| | |
MCGOWAN
|
| | |
STROM
|
| | |
TAYLOR
|
| | |
TOTAL
|
| |||
|
| |
Accounting/Financial
|
| |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
10
|
|
|
Accounting and financial reporting experience are important to accurately and transparently measure and report financial and operating performance, ensure compliance with applicable law and assess financial merits of strategic opportunities.
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
| |||
|
| |
Industry Experience and Supply Chain
|
| |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
9
|
|
|
Industry experience helps inform our views on markets and economics, technology, supply chain, compliance, manufacturing, and distribution.
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
| |||
|
| |
Technology and Innovation Experience (including in IT, Cybersecurity, AI, or Digital Business)
|
| |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
6
|
|
|
Innovation and technology experience is important in overseeing the business in changing markets and physical and cyber threats.
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
| |||
|
| |
Mergers/Acquisitions/Divestitures
|
| |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
10
|
|
|
Knowledge of mergers, acquisitions and divestitures helps guide our strategic initiative for growth.
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
| |||
|
| |
Former/Current C-Suite Officer and/or Public Company Board Service
|
| |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
10
|
|
|
Chief executive officer/executive management leadership skills and public company board service are important to gain a practical understanding of organizations, corporate governance and ethics, and strategic planning.
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
| |||
|
| |
Legal/Regulatory
|
| |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
4
|
|
|
Government, public policy and regulatory insights, including environmental compliance and regulation, are important to help shape policy initiatives for the benefit of our employees, customers, and shareholders.
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
| |||
|
| |
HR/Compensation
|
| |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
10
|
|
|
Human capital management and executive compensation knowledge and experience to help the Company recruit, retain, and develop key talent essential to Company operations.
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
| |||
|
| |
Corporate Governance/Ethics
|
| |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
▲
|
| | |
10
|
|
|
Understanding of corporate governance and ethics provides reinforcement of the Company’s values and ethics and overall governance framework, including its sustainability and HCM strategies.
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
|
| |||
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
STEVEN COOPER
|
| |
|
| |
Independent director since 2015
|
| |||
| |
Age 63
Committees(1)
●
Audit
●
Corporate Governance and Nominating
Other Current Public Company Directorships
●
None
|
| |
Biographical Information
TrueBlue, Inc., a New York Stock Exchange listed industrial staffing company based in Tacoma, Washington
●
chief executive officer (2006 to 2019; and June 2022 to September 2023)
●
joined the company in 1999
Arthur Andersen, Albertsons, and Deloitte
●
held various professional positions
Prior Board Service
●
TrueBlue, Inc. (director from 2006 to September 2023 and chair of the board from January 2019 to September 2023)
|
| |
Qualifications
Mr. Cooper’s experience as a chief executive officer and as a director allows him to provide insight on strategic and operational issues and valuable business knowledge. He also provides strong accounting and financial expertise and experience in workforce management to our Board.
|
| |||
| |
CRAIG DAWSON
|
| |
|
| |
Independent director since 2022
|
| |||
| |
Age 64
Committees(1)
●
Audit
●
Compensation
Other Current Public Company Directorships
●
None
|
| |
Biographical Information
Retail Lockbox, Inc., an industry leader in remittance processing, credit card payments, and document management services, headquartered in Seattle, Washington
●
founder, chief executive officer and president (1994 to present)
Federal Reserve Bank of San Francisco
●
chair, Seattle Branch (2020 to 2021)
●
board member (2015 to 2021)
Unisys Corporation, a publicly traded, international provider of computer and systems solutions
●
held a number of senior sales positions (1985 to 1994)
|
| |
Qualifications
Mr. Dawson’s experience as a chief executive officer and a business owner and entrepreneur allows him to provide vision-setting and strategic direction to our Board.
|
| |||
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
KAREN GOWLAND
|
| |
|
| |
Independent director since 2014
|
| |||
| |
Age 67
Committees(1)
●
Compensation
●
Corporate Governance and Nominating (Chair)
Other Current Public Company Directorships
●
Packaging Corporation of America (2024 to present)
|
| |
Biographical Information
During her 30 years in the forest products industry, Ms. Gowland held various legal and compliance positions, which included over 15 years of experience as a general counsel and corporate secretary for various public and private entities in the forest products industry.
Boise Inc., a manufacturer of packaging and paper products
●
senior vice president, general counsel, and corporate secretary (August 2010 until its acquisition by Packaging Corporation of America in late 2013 and her retirement in March 2014)
●
vice president, general counsel, and corporate secretary (February 2008 to July 2010)
Boise Cascade Holdings, L.L.C.
●
vice president, general counsel, and corporate secretary (October 2004 to February 2008)
|
| |
Qualifications
Ms. Gowland has relevant industry and company experience and provides strong corporate governance and compliance skills to our Board.
|
| |||
| |
AMY HUMPHREYS
|
| |
|
| |
Independent director since 2022
|
| |||
| |
Age 60
Committees(1)
●
Audit (Chair as of April 30, 2026)
●
Compensation
Other Current Public Company
Directorships
●
None
|
| |
Biographical Information
Ms. Humphreys has 25 years of experience in manufacturing, commodities, global marketing, and distribution, during which she has held executive leadership roles.
Darigold, a Pacific Northwest dairy cooperative
●
chief executive officer (October 2025 to present)
●
chief financial officer (May 2015 to November 2018)
Bristol Bay Seafood Investments, LLC, a wholly-owned subsidiary of Bristol Bay Native Corporation
●
president and chief executive officer (January 2020 to March 2021)
Prior Board Service
Served on multiple boards in various roles, including:
●
Philly Shipyard ASA, a public company listed on the Oslo Stock Exchange (2010 to April 2022)
●
Red Lion Hotels Corporation, a New York Stock Exchange listed company (2018 to 2020)
|
| |
Qualifications
Ms. Humphreys brings experience in strategic leadership, business development, financial management, capital structure strategies, and commodity and enterprise risk management to our Board.
|
| |||
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
NATE JORGENSEN
|
| |
Board chair as of April 30, 2026 | non-independent director since 2020
|
| ||||||
| |
Age 61
Committees(1)
●
None
Other Public Company Directorships
●
IDACORP, Inc. and its primary subsidiary Idaho Power Company (2023 to present)
|
| |
Biographical Information
Boise Cascade Company
●
chief executive officer (March 2020 until his retirement in March 2026)
●
chief operating officer (January 2019 to March 2020)
●
senior vice president of engineered wood products, Wood Products segment (2017 to 2019)
●
joined the company in 2015
Weyerhaeuser Company, a New York Stock Exchange listed timberlands and wood products company
●
vice president of its distribution business (2011- 2015)
|
| |
Qualifications
Mr. Jorgensen has over 30 years of industry experience in distribution and manufacturing. His position as our former chief executive officer and industry experience allows him to advise the Board on operational and industry matters affecting the Company.
|
| |||
| |
KRISTOPHER MATULA
|
| |
|
| |
Independent director since 2014 | Lead independent director since 2026
|
| |||
| |
Age 63
Committees(1)
●
Lead Independent Director (as of April 30, 2026)
●
Compensation (Chair until April 30, 2026)
●
Corporate Governance and Nominating
Other Current Public Company Directorships
●
None
|
| |
Biographical Information
Mr. Matula has been a private consultant since 2012.
Buckeye Technologies, Inc., a publicly traded producer of cellulose-based specialty products, acquired by Georgia-Pacific in 2013
Served in various positions (1994 until his retirement in 2012):
●
president, chief operating officer, and a director
●
chief financial officer
●
head of the nonwovens business
Procter & Gamble Company
●
held various professional positions
|
| |
Qualifications
Mr. Matula’s experience as president, chief operating officer, and director allows him to provide insight on strategic and operational issues and valuable business knowledge. He also provides relevant industry experience and strong corporate governance and compliance skills to our Board.
|
| |||
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
DUANE MCDOUGALL
|
| |
|
| |
Independent director since 2013
|
| |||
| |
Age 74
Committees(1)
●
Audit (Chair until April 30, 2026)
●
Corporate Governance and Nominating
Other Current Public Company Directorships
●
None
|
| |
Biographical Information
Boise Cascade Holdings, L.L.C., our former parent company
●
chief executive officer (December 2008 to August 2009)
Willamette Industries, an international paper and forest products company
●
president and chief executive officer (until its sale in 2002)
●
held numerous operating and finance positions with increasing responsibilities over 23 years
Prior Board Service
●
StanCorp Financial Group, Inc., a publicly traded company until 2016 (2009 to 2024)
●
The Greenbrier Companies, Inc. (2003 to January 2022)
●
Boise Cascade Company (December 2008 to 2013), becoming director and Board chair in February 2013 in connection with our initial public offering
●
Boise Cascade Holdings, L.L.C., our former parent company (2005 to 2013)
|
| |
Qualifications
Mr. McDougall’s experience as a chief executive officer of a major forest products company allows him to provide our Board with valuable insight on operational and industry issues. He also provides strong accounting and financial expertise to our Board.
|
| |||
| |
CHRISTOPHER MCGOWAN
|
| |
|
| |
Independent director since 2013
|
| |||
| |
Age 54
Committees(1)
●
Compensation
●
Corporate Governance and Nominating
Other Current Public Company Directorships
●
None
|
| |
Biographical Information
CJM Ventures, L.L.C., an investment firm
●
general partner (September 2011 to present)
The University of Chicago Booth School of Business
●
adjunct professor, investor in residence and faculty adviser (2012 to present)
Madison Dearborn Partners, L.L.C., a private equity firm
●
managing director, concentrating on investments in the basic industries sector (1999 to 2011)
Prior to joining Madison Dearborn:
●
private equity professional at AEA Investors, Inc.
●
investment banker in M&A at Morgan Stanley & Co. Incorporated
Prior Board Service
●
Boise Cascade Holdings, L.L.C., our former parent company (2004 to 2013)
|
| |
Qualifications
Mr. McGowan provides strong financial and governance skills to our Board.
|
| |||
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
Jeff Strom
|
| |
Chief Executive Officer as of March 3, 2026 | non-independent director since
April 30, 2026 |
| ||||||
| |
Age 58
Committees(1)
●
None
Other Current Public Company Directorships
●
None
|
| |
Biographical Information
Boise Cascade Company
●
chief executive officer (March 2026 to present)
●
chief operating officer (January 2025 to March 2026)
●
executive vice president, BMD segment (March 2021 to January 2025)
●
vice president, general manager eastern operations, BMD segment (January 2020 to March 2021)
●
joined the company in 2006
|
| |
Qualifications
Mr. Strom has nearly 35 years of industry experience in distribution and manufacturing. As chief executive officer, he is able to provide valuable insight on the Company, as well as operational and financial information that is critical to Board discussions.
|
| |||
| |
SUE TAYLOR
|
| |
|
| |
Independent director since 2019
|
| |||
| |
Age 68
Committees(1)
●
Audit
●
Compensation (Chair as of April 30, 2026)
Other Current Public Company Directorships
●
None
|
| |
Biographical Information
The Bill and Melinda Gates Foundation
●
chief information officer (2016 until her retirement in July 2020)
Honeywell Automation and Control Solutions
●
vice president of the Applications and Project Management Office, where she delivered global integrated system platforms (2014 to 2016)
Intermec, which was acquired by Honeywell
●
chief information officer (2000 to 2008), where she led the company’s IT and enterprise business analytics department and headed integration and operational excellence for all IT systems when Intermec was acquired by Honeywell
●
chief human resource officer (2000 to 2008) where she developed a succession planning process for the executive suite level reviewed annually by the board of directors
|
| |
Qualifications
Ms. Taylor’s experience as chief information officer allows her to provide insight on strategic and operational issues and valuable business knowledge, particularly as it relates to technology innovation, information security and controls, and implementation of enterprise-wide systems.
|
| |||
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
1
|
| |
|
| | | | |
2
|
| |
|
| | | | |
3
|
| |
|
| | | | |
4
|
| |
|
|
| |
WRITTEN SURVEYS
|
| |
|
| |
REVIEW OF RESPONSES
|
| |
|
| |
EXECUTIVE SESSION
|
| |
|
| |
ONE-ON-ONE DISCUSSIONS
|
| ||||||||||||
| | completed by Directors, to assess effectiveness, in order to continually improve Board performance | | | | | | by the lead independent director and Board chair, who provide an assessment to the Board | | | | | | of Directors, chaired by the lead independent director, to discuss results and proposed actions | | | | | | with the lead independent director and Board chair with each Director as needed to discuss feedback | | ||||||||||||
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
|
| |
Boise Cascade Company
Attention: Corporate Governance and Nominating Committee Chair c/o Corporate Secretary 1111 West Jefferson Street, Suite 300 Boise, ID 83702 |
|
| |
|
| |
Email: legaldepartment@bc.com
|
|
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
|
| |
Sustainability
|
|
| |
|
| |
Environmental
|
|
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
|
| |
Human Capital Management
|
|
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
|
| |
JEFF
STROM |
| | | | | | | | |
|
| |
NATE
JORGENSEN |
| | | | | | | | |
|
| |
KRISTOPHER MATULA
|
|
| |
Chief Executive Officer
|
| | | | | | | | |
Board Chair
|
| | | | | | | | |
INDEPENDENT
Lead Independent Director
|
| |||||||||
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | | | | |
AUDIT COMMITTEE
|
| | | | | | |
COMPENSATION COMMITTEE
|
| | | | | | |
CORPORATE GOVERNANCE AND
NOMINATING COMMITTEE |
| | | | |
| | | | | |
2025 Focus Areas
●
Cybersecurity
●
Entity Risk Management
●
Internal Controls
●
Compliance Program
including privacy and third party management program
|
| | | | | | |
2025 Focus Areas
●
Succession planning—internal
●
Compensation—board, CEO,
and other officers
●
Omnibus Plan refresh
|
| | | | | | |
2025 Focus Areas
●
Succession planning—board,
committees, and CEO
●
Sustainability
|
| | | | |
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
AUDIT COMMITTEE
|
| | |
|
| |
All members of the audit committee are independent as defined under the applicable NYSE listing standards and in accordance with Rule 10A-3 under the Exchange Act, as determined by our Board.
|
| |||
| |
2025 MEETINGS 4
|
| | |||||||||
| |
COMMITTEE MEMBERS
|
| | |
|
| |
Our Board has determined that Messrs. Cooper and McDougall, and Ms. Humphreys are audit committee financial experts, as defined in Item 407(d)(5) of Regulation S-K under the Securities Act.
|
| |||
| |
As of March 17, 2026
Duane McDougall
committee chair
Steven Cooper
Craig Dawson
Amy Humphreys
Sue Taylor
|
| |
As of April 30, 2026
Amy Humphreys
committee chair
Steven Cooper
Craig Dawson
Duane McDougall
Sue Taylor
|
| | | | | |||
| |
Key Responsibilities
The audit committee of our Board is responsible for matters including the following:
●
Assisting the Board in its oversight of the quality and integrity of the Company’s financial statements and accounting and financial reporting practices, and the adequacy and effectiveness of the Company’s internal controls
●
Discussing with management our overall risk assessment and risk management policies, including cybersecurity, AI, and data privacy
●
Reviewing disclosures made by our CEO and chief financial officer regarding any significant deficiencies or material weakness in the design or operation of the Company’s internal control over financial reporting and any fraud involving management or employees who have a significant role over financial reporting
●
Reviewing the scope and staffing of the independent auditor’s annual audit, discussing all matters required by Public Company Accounting Oversight Board (PCAOB) Auditing Standard No. 1301, and discussing any audit problems or difficulties and management’s response
More Information
For a complete description of our audit committee’s responsibilities, you may view a copy of our audit committee charter by visiting our website at www.bc.com/investors and selecting the Corporate Governance tab. You are then able to select the Audit Committee charter.
Report
The Audit Committee Report is on page 60 of this proxy statement.
|
| ||||||||||
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
COMPENSATION COMMITTEE
|
| | |
|
| |
All members of the compensation committee are independent as defined under the applicable NYSE listing standards, and in accordance with Rule 10C-1 under the Exchange Act, as determined by our Board.
|
| |||
| |
2025 MEETINGS 6
|
| | |||||||||
| |
COMMITTEE MEMBERS
|
| | |
Key Responsibilities
The compensation committee of our Board is responsible for matters including the following:
●
Assisting our Board in discharging its responsibilities related to the compensation of our Directors, CEO and other executive officers
●
Reviewing and evaluating the Company’s overall compensation philosophy and overseeing the Company’s equity, incentive, and other compensation and benefit plans
●
Reviewing and approving employment agreements and other similar arrangements between the Company and our CEO and other executive officers
●
Preparing the compensation committee report on executive officer compensation required by the SEC for inclusion in the Company’s annual proxy statement or annual report
More Information
For a complete description of our compensation committee’s responsibilities, you may view a copy of our compensation committee charter by visiting our website at www.bc.com/investors and selecting the Corporate Governance tab. You are then able to select the Compensation Committee charter.
Report
The Compensation Committee Report is on page 35 of this proxy statement.
|
| ||||||
| |
As of March 17, 2026
Kristopher Matula
committee chair
Craig Dawson
Karen Gowland
Amy Humphreys
Christopher
McGowan
Sue Taylor
|
| |
As of April 30, 2026
Sue Taylor
committee chair
Craig Dawson
Karen Gowland
Amy Humphreys
Kristopher Matula
Christopher
McGowan |
| | ||||||
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
CORPORATE GOVERNANCE AND
NOMINATING COMMITTEE |
| | |
|
| |
All members of the corporate governance and nominating committee are independent as defined under the applicable NYSE listing standards, as determined by our Board.
|
| |||
| |
2025 MEETINGS 3
|
| | |||||||||
| |
COMMITTEE MEMBERS
|
| | |
Key Responsibilities
The corporate governance and nominating committee of our Board is responsible for matters including the following:
●
Identifying and assessing persons qualified to become Directors, consistent with the qualification standards and criteria approved by the Board
●
Recommending to the Board a slate of Directors for election or reelection at the Annual Meeting
●
Recommending to the Board the structure and membership of Board committees
●
Recommending to the Board persons to fill Board and committee vacancies
●
Overseeing annual evaluations of the Board, committees, and individual Directors
●
Overseeing succession planning of chief executive officer, Board chair and lead independent director positions by interviewing multiple candidates for each position
●
Overseeing sustainability, environmental and governance strategy and risk evaluation
●
Reviewing the Director independence standards periodically
●
Reviewing the Guidelines periodically
●
Making other recommendations to the Board related to corporate governance issues
More Information
For a complete description of our corporate governance and nominating committee’s responsibilities, you may view a copy of our corporate governance and nominating committee charter by visiting our website at www.bc.com/investors and selecting the Corporate Governance tab. You are then able to select the Corporate Governance and Nominating Committee charter.
|
| ||||||
| |
As of March 17, 2026
Karen Gowland
committee chair
Steven Cooper
David Hannah
Kristopher Matula
Duane McDougall
Christopher
McGowan |
| |
As of April 30, 2026
Karen Gowland
committee chair
Steven Cooper
Kristopher Matula
Duane McDougall
Christopher
McGowan |
| | ||||||
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
Name
|
| |
Fees Earned or
Paid in Cash ($)(1) |
| |
Stock
Awards ($)(2) |
| |
Change in Pension Value/
Nonqualified Deferred Compensation Earnings ($)(3) |
| |
All Other
Compensation ($) |
| |
Total
($) |
| |||||||||||||||
| | Thomas Carlile | | | | | 208,750 | | | | | | 174,978 | | | | | | — | | | | | | — | | | | | | 383,728 | | |
| | Steven Cooper | | | | | 98,750 | | | | | | 149,996 | | | | | | 9,427 | | | | | | — | | | | | | 258,173 | | |
| | Craig Dawson | | | | | 98,750 | | | | | | 149,996 | | | | | | — | | | | | | — | | | | | | 248,746 | | |
| | Karen Gowland | | | | | 113,125 | | | | | | 149,996 | | | | | | 11,288 | | | | | | — | | | | | | 274,409 | | |
| | David Hannah | | | | | 128,750 | | | | | | 149,996 | | | | | | — | | | | | | — | | | | | | 278,746 | | |
| | Amy Humphreys | | | | | 98,750 | | | | | | 149,996 | | | | | | — | | | | | | — | | | | | | 248,746 | | |
| | Kristopher Matula | | | | | 121,875 | | | | | | 149,996 | | | | | | 18,157 | | | | | | — | | | | | | 290,028 | | |
| | Duane McDougall | | | | | 123,125 | | | | | | 149,996 | | | | | | — | | | | | | — | | | | | | 273,121 | | |
| | Christopher McGowan | | | | | 98,750 | | | | | | 149,996 | | | | | | — | | | | | | — | | | | | | 248,746 | | |
| | Sue Taylor | | | | | 98,750 | | | | | | 149,996 | | | | | | 5,037 | | | | | | — | | | | | | 253,783 | | |
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
2025 Annual Director Fees
|
|
| |
|
|
| | | |
| |
Annual Director Fees
|
| |
($)
|
| |||
| | Cash retainer | | | | | 100,000 | | |
| | Equity award | | | | | 150,000 | | |
| | Lead Independent Director | | | | | 30,000 | | |
| | Committee Chair fees: | | | | | | | |
| |
●
Audit
|
| | | | 25,000 | | |
| |
●
Compensation
|
| | | | 25,000 | | |
| |
●
Corporate Governance and Nominating
|
| | | | 15,000 | | |
| | Board Chair fees: | | | | | | | |
| |
●
Additional cash retainer
|
| | | | 110,000 | | |
| |
●
Additional equity award
|
| | | | 25,000 | | |
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
EXECUTIVE COMPENSATION
|
|
| |
|
| |
|
| |
Our board of directors recommends shareholders vote, on a nonbinding advisory basis, FOR the option of an annual vote as the preferred frequency of advisory votes on executive compensation.
|
|
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
|
| |
|
| |
Our Board recommends shareholders vote, on an advisory basis, FOR the approval of the resolution set forth below approving the compensation of our named executive officers.
|
|
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
Kristopher Matula
(Chair until April 30, 2026) |
| |
Craig Dawson
|
| |
Karen Gowland
|
| |
Amy Humphreys
|
| |
Christopher McGowan
|
| |
Sue Taylor
(Chair as of April 30, 2026) |
|
| | 36 | | | OUR NAMED EXECUTIVE OFFICERS | |
| | | ||||
| | 36 | | | OUR COMPENSATION OBJECTIVES AND PHILOSOPHY | |
| | | ||||
| | 36 | | | USE OF MARKET DATA TO DETERMINE AMOUNT AND ALLOCATION OF COMPENSATION | |
| | | ||||
| | 38 | | | SUMMARY OF PAY DECISIONS AFFECTING OUR NEOS’ COMPENSATION IN 2025 | |
| | | ||||
| | 38 | | | EXECUTIVE COMPENSATION ELEMENTS | |
| | | ||||
| | 39 | | | ROLE OF MANAGEMENT IN SETTING EXECUTIVE COMPENSATION | |
| | 39 | | | BASE SALARY | |
| | | ||||
| | 40 | | | SHORT TERM INCENTIVE PLAN | |
| | | ||||
| | 40 | | | 2025 STIP COMPENSATION | |
| | 40 | | | PROCESS UTILIZED IN SETTING STRATEGIC STIP PERFORMANCE TARGETS | |
| |
42
|
| |
2025 AD HOC DISCRETIONARY BONUS AWARDS
|
|
| | | ||||
| |
42
|
| | LONG TERM INCENTIVE PLAN | |
| | | ||||
| |
42
|
| | 2025 LTIP COMPENSATION | |
| | | ||||
| |
44
|
| | OTHER COMPENSATION AND BENEFIT PLANS | |
| | 44 | | | BOISE CASCADE SUPPLEMENTAL PENSION PLAN | |
| | | ||||
| | 44 | | | BOISE CASCADE COMPANY SAVINGS PLAN | |
| | 44 | | |
NONQUALIFIED DEFERRED COMPENSATION PLAN
|
|
| | | ||||
| |
45
|
| | AGREEMENTS WITH NAMED EXECUTIVE OFFICERS | |
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
Nate Jorgensen
Chief Executive Officer
|
| |
Jeff Strom
Chief Operating Officer
|
| |
Kelly Hibbs
Senior Vice President, Chief Financial Officer, and Treasurer
|
| |
Joanna Barney
Executive Vice President, Building Materials Distribution
|
| |
Troy Little
Executive Vice President, Wood Products
|
|
|
1
![]() |
| |
2
![]() |
| |
3
![]() |
|
| We want to attract, retain, and incentivize the management talent we believe is essential to achieving the Company’s strategic objectives, which are to grow the Company prudently and to increase long-term shareholder value. | | | As a guiding philosophy, we generally target all forms of compensation at the 50th percentile of comparable market compensation data, with appropriate adjustments that take into account each officer’s position, responsibilities, performance, contributions to the Company’s success, level of experience, and other distinguishing qualifications. In some instances, and for the purpose of internal equity, we may establish similar compensation ranges for officer positions with similar scopes of responsibility and other similar qualifications even if such ranges differ from comparable positions at other companies. | | | We also provide at-risk, performance-based pay opportunities that comprise a significant portion of total compensation opportunity to motivate and reward our executive officers for achieving the Company’s strategic objectives. | |
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
●
American Woodmark Corporation
|
| |
●
GMS Inc. (acquired by Home Depot in 2025)
|
|
| |
●
A.O. Smith Corporation
|
| |
●
Griffon Corporation
|
|
| |
●
Armstrong World Industries
|
| |
●
JELD-WEN Holding, Inc.
|
|
| |
●
Beacon Roofing Supply, Inc. (acquired by QXO, Inc. in 2025)
|
| |
●
Louisiana Pacific Corporation
|
|
| |
●
BlueLinx Corporation
|
| |
●
MSC Industrial
|
|
| |
●
Builders FirstSource, Inc.
|
| |
●
Quanex Building Products Corporation
|
|
| |
●
Eagle Materials Inc.
|
| |
●
Simpson Manufacturing Company, Inc.
|
|
| |
●
Gibraltar Industries Corporation
|
| |
●
UFP Industries, Inc.
|
|
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
|
| |
|
|
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
Name
|
| |
Annual Salary Effective
November 2024 ($) |
| |
Annual Salary Effective
November 2025 ($) |
| |
Change %
|
| |||||||||
| | Nate Jorgenson | | | | | 1,100,000 | | | | | | 1,142,000 | | | | | | 3.82% | | |
| | Jeff Strom(1)(2) | | | | | 580,000 | | | | | | 675,000 | | | | | | 16.38% | | |
| | Kelly Hibbs | | | | | 600,000 | | | | | | 623,000 | | | | | | 3.83% | | |
| | Joanna Barney(3) | | | | | — | | | | | | 561,000 | | | | | | — | | |
| | Troy Little | | | | | 562,000 | | | | | | 583,000 | | | | | | 3.74% | | |
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| | | | | | | | | | | | | | | | |
Performance ($ in millions, except PRONWC)
|
| |||||||||||||||||||||||||||
| |
Business Role
|
| |
Financial Measure(s)
|
| |
Weight %
of Award Multiplier |
| |
Threshold
Payout at 25% |
| |
Target
Payout at 100% |
| |
Maximum
Payout at 225% |
| |
Financial
Goal Achievement |
| |
Award
Payout Multiple |
| |||||||||||||||||||||
| |
|
| |
Corporate
|
| |
Company EBITDA(1)
|
| | | | 100.0% | | | | | | 250 | | | | | | 510 | | | | | | 815 | | | | | | 342 | | | | | | 0.52 | | |
| |
|
| |
Building Material Distribution (BMD)
|
| |
Company EBITDA
|
| | | | 25.0% | | | | | | 250 | | | | | | 510 | | | | | | 815 | | | | | | 342 | | | | | | 0.52 | | |
| |
BMD EBITDA
|
| | | | 37.5% | | | | | | 145 | | | | | | 325 | | | | | | 520 | | | | | | 281 | | | | | | 0.82 | | | ||||||
| | BMD PRONWC(2) | | | | | 37.5% | | | | | | 30.0% | | | | | | 50.0% | | | | | | 80.0% | | | | | | 37.7% | | | | | | 0.54 | | | ||||||
| |
|
| |
Wood
Products (WP) |
| |
Company EBITDA
|
| | | | 25.0% | | | | | | 250 | | | | | | 510 | | | | | | 815 | | | | | | 342 | | | | | | 0.52 | | |
| | WP EBITDA | | | | | 75.0% | | | | | | 145 | | | | | | 235 | | | | | | 375 | | | | | | 104 | | | | | | 0.00 | | | ||||||
| |
Name
|
| | Business Role |
| |
Actual Base
Earnings(3) ($) |
| |
Target Award
% of Earnings |
| |
Award Payout
Multiple |
| |
STIP Payout
($) |
| ||||||||||||
| | Nate Jorgensen | | | Corporate | | | | | 1,104,846 | | | | | | 120% | | | | | | 0.52 | | | | | | 689,424 | | |
| | Jeff Strom(4) | | | Corporate | | | | | 647,500 | | | | | | 100% | | | | | | 0.52 | | | | | | 336,522 | | |
| | Kelly Hibbs | | | Corporate | | | | | 602,654 | | | | | | 80% | | | | | | 0.52 | | | | | | 250,704 | | |
| | Joanna Barney(4) | | | BMD | | | | | 515,346 | | | | | | 80% | | | | | | 0.64 | | | | | | 254,897 | | |
| | Troy Little | | | WP | | | | | 564,423 | | | | | | 80% | | | | | | 0.13 | | | | | | 58,700 | | |
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
Financial Goal PSUs
|
| |
Threshold
50% of PSUs |
| |
Target
100% of PSUs |
| |
Maximum
200% of PSUs |
| |||||||||
| |
Company ROIC(1)
|
| | | | 7.5% | | | | | | 12.5% | | | | | | 24.0% | | |
| |
Name
|
| |
LTIP Target
Award Value ($) |
| |
50% of Target
Award Value RSUs (#) |
| |
50% of Target
Award Value PSUs (#) |
| |||||||||
| | Nate Jorgensen | | | | | 5,250,000 | | | | | | 25,323 | | | | | | 25,323 | | |
| | Jeff Strom | | | | | 1,500,000 | | | | | | 7,235 | | | | | | 7,235 | | |
| | Kelly Hibbs | | | | | 1,050,000 | | | | | | 5,065 | | | | | | 5,065 | | |
| | Joanna Barney | | | | | 1,050,000 | | | | | | 5,065 | | | | | | 5,065 | | |
| | Troy Little | | | | | 1,050,000 | | | | | | 5,065 | | | | | | 5,065 | | |
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| | Name and Principal Position |
| |
Year
|
| |
Salary(1)
($) |
| |
Stock
Awards(2)(7) ($) |
| |
Non-Equity
Incentive Plan Compensation(3) ($) |
| |
Change in
Pension Value/ Nonqualified Deferred Compensation Earnings(4) ($) |
| |
All Other
Compensation(5) ($) |
| |
Total ($)
|
| |||||||||||||||||||||
| |
Nate Jorgensen
Chief Executive Officer & Director |
| | | | 2025 | | | | | | 1,104,846 | | | | | | 5,249,964 | | | | | | 689,424 | | | | | | 26,891 | | | | | | 165,153 | | | | | | 7,236,278 | | |
| | | | 2024 | | | | | | 1,056,731 | | | | | | 5,000,124 | | | | | | 1,179,312 | | | | | | 18,736 | | | | | | 254,246 | | | | | | 7,509,149 | | | |||
| | | | 2023 | | | | | | 1,007,692 | | | | | | 3,700,003 | | | | | | 2,720,769 | | | | | | 13,955 | | | | | | 234,321 | | | | | | 7,676,740 | | | |||
| |
Jeff Strom
Chief Operating Officer |
| | | | 2025 | | | | | | 647,500 | | | | | | 1,499,960 | | | | | | 336,522 | | | | | | 19,840 | | | | | | 81,325 | | | | | | 2,585,147 | | |
| | | | 2024 | | | | | | 559,923 | | | | | | 1,000,080 | | | | | | 470,335 | | | | | | 13,965 | | | | | | 111,533 | | | | | | 2,155,836 | | | |||
| | | | 2023 | | | | | | 510,092 | | | | | | 879,936 | | | | | | 881,440 | | | | | | 11,730 | | | | | | 109,826 | | | | | | 2,393,024 | | | |||
| |
Kelly Hibbs
SVP, Chief Financial Officer, and Treasurer |
| | | | 2025 | | | | | | 602,654 | | | | | | 1,050,076 | | | | | | 250,704 | | | | | | 24,161 | | | | | | 74,488 | | | | | | 2,002,083 | | |
| | | | 2024 | | | | | | 563,740 | | | | | | 1,000,080 | | | | | | 419,423 | | | | | | 22,968 | | | | | | 121,946 | | | | | | 2,128,157 | | | |||
| | | | 2023 | | | | | | 523,154 | | | | | | 879,936 | | | | | | 941,677 | | | | | | 24,000 | | | | | | 112,757 | | | | | | 2,481,524 | | | |||
| |
Joanna Barney(6)
EVP, Building Materials Distribution |
| | | | 2025 | | | | | | 515,346 | | | | | | 1,050,076 | | | | | | 254,897 | | | | | | 9,702 | | | | | | 52,337 | | | | | | 1,882,358 | | |
| |
Troy Little
EVP, Wood Products |
| | | | 2025 | | | | | | 564,423 | | | | | | 1,050,076 | | | | | | 58,700 | | | | | | 17,067 | | | | | | 66,142 | | | | | | 1,756,408 | | |
| | | | 2024 | | | | | | 513,731 | | | | | | 1,000,080 | | | | | | 340,755 | | | | | | 11,716 | | | | | | 62,914 | | | | | | 1,929,196 | | | |||
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
Officer
|
| |
Year
|
| |
Company Contributions
to Savings Plans(a) ($) |
| |
Company-Paid Portion of
Executive Officer Life Insurance(b) ($) |
| |
Other
($) |
| |
Total
($) |
| |||||||||||||||
| | Nate Jorgensen | | | | | 2025 | | | | | | 163,089 | | | | | | 2,064 | | | | | | — | | | | | | 165,153 | | |
| | Jeff Strom | | | | | 2025 | | | | | | 79,813 | | | | | | 1,512 | | | | | | — | | | | | | 81,325 | | |
| | Kelly Hibbs | | | | | 2025 | | | | | | 72,976 | | | | | | 1,512 | | | | | | — | | | | | | 74,488 | | |
| | Joanna Barney | | | | | 2025 | | | | | | 51,305 | | | | | | 1,032 | | | | | | — | | | | | | 52,337 | | |
| | Troy Little | | | | | 2025 | | | | | | 64,630 | | | | | | 1,512 | | | | | | — | | | | | | 66,142 | | |
| |
Officer
|
| |
Year
|
| |
Maximum
Performance Multiplier |
| |
Maximum 2025
PSUs |
| |
Total Value Based on Grant Date
Fair Value of $103.66 ($) |
| ||||||||||||
| | Nate Jorgensen | | | | | 2025 | | | | | | 2.00 | | | | | | 50,646 | | | | | | 5,249,964 | | |
| | Jeff Strom | | | | | 2025 | | | | | | 2.00 | | | | | | 14,470 | | | | | | 1,499,960 | | |
| | Kelly Hibbs | | | | | 2025 | | | | | | 2.00 | | | | | | 10,130 | | | | | | 1,050,076 | | |
| | Joanna Barney | | | | | 2025 | | | | | | 2.00 | | | | | | 10,130 | | | | | | 1,050,076 | | |
| | Troy Little | | | | | 2025 | | | | | | 2.00 | | | | | | 10,130 | | | | | | 1,050,076 | | |
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
Name
|
| |
Award
|
| |
Grant
Date |
| |
Estimated Future Payouts
Under Non-Equity Incentive Plan Awards(1) |
| |
Estimated Future Payouts
Under Equity Incentive Plan Awards(2) |
| |
All Other
Stock Awards: Number of Shares of Stock or Units (#) |
| |
Grant
Date Fair Value of Stock Awards(3) ($) |
| |||||||||||||||||||||||||||||||||||||||
| |
Threshold
($) |
| |
Target
($) |
| |
Maximum
($) |
| |
Threshold
(#) |
| |
Target
(#) |
| |
Maximum
(#) |
| ||||||||||||||||||||||||||||||||||||||||||
| |
Nate
Jorgensen |
| |
Non-Equity Award(1)
|
| | | | | | | | | | 331,454 | | | | | | 1,325,815 | | | | | | 2,983,085 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
Equity Award – PSUs(2)
|
| | | | 3/1/2025 | | | | | | | | | | | | | | | | | | | | | | | | 12,662 | | | | | | 25,323 | | | | | | 50,646 | | | | | | | | | | | | 2,624,982 | | | |||
| | Equity Award – RSUs | | | | | 3/1/2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 25,323 | | | | | | 2,624,982 | | | |||
| |
Jeff Strom
|
| |
Non-Equity Award(1)
|
| | | | | | | | | | 161,875 | | | | | | 647,500 | | | | | | 1,456,875 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
Equity Award – PSUs(2)
|
| | | | 3/1/2025 | | | | | | | | | | | | | | | | | | | | | | | | 3,618 | | | | | | 7,235 | | | | | | 14,470 | | | | | | | | | | | | 749,980 | | | |||
| | Equity Award – RSUs | | | | | 3/1/2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 7,235 | | | | | | 749,980 | | | |||
| |
Kelly
Hibbs |
| |
Non-Equity Award(1)
|
| | | | | | | | | | 120,531 | | | | | | 482,123 | | | | | | 1,084,777 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
Equity Award – PSUs(2)
|
| | | | 3/1/2025 | | | | | | | | | | | | | | | | | | | | | | | | 2,533 | | | | | | 5,065 | | | | | | 10,130 | | | | | | | | | | | | 525,038 | | | |||
| | Equity Award – RSUs | | | | | 3/1/2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 5,065 | | | | | | 525,038 | | | |||
| |
Joanna
Barney |
| |
Non-Equity Award(1)
|
| | | | | | | | | | 103,069 | | | | | | 412,277 | | | | | | 927,623 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
Equity Award – PSUs(2)
|
| | | | 3/1/2025 | | | | | | | | | | | | | | | | | | | | | | | | 2,533 | | | | | | 5,065 | | | | | | 10,130 | | | | | | | | | | | | 525,038 | | | |||
| | Equity Award – RSUs | | | | | 3/1/2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 5,065 | | | | | | 525,038 | | | |||
| |
Troy
Little |
| |
Non-Equity Award(1)
|
| | | | | | | | | | 112,885 | | | | | | 451,538 | | | | | | 1,015,962 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
Equity Award – PSUs(2)
|
| | | | 3/1/2025 | | | | | | | | | | | | | | | | | | | | | | | | 2,533 | | | | | | 5,065 | | | | | | 10,130 | | | | | | | | | | | | 525,038 | | | |||
| | Equity Award – RSUs | | | | | 3/1/2025 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 5,065 | | | | | | 525,038 | | | |||
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| | | | | | | |
Stock Awards
|
| |||||||||||||||||||||
| |
Name
|
| |
Type of Award
|
| |
Number of
Shares or Units of Stock That Have Not Vested (#) |
| |
Market Value
of Shares or Units of Stock That Have Not Vested(4) ($) |
| |
Unearned
Shares or Units of Stock That Have Not Vested (#) |
| |
Market Value
of Unearned Shares or Units of Stock That Have Not Vested(4) ($) |
| ||||||||||||
| |
Nate Jorgensen
|
| |
2025 Officer PSU(1)
|
| | | | | | | | | | | | | | | | 33,680 | | | | | | 2,478,848 | | |
| |
2025 Officer RSU(2)
|
| | | | 25,323 | | | | | | 1,863,773 | | | | | | | | | | | | — | | | |||
| |
2024 Officer PSU(3)
|
| | | | | | | | | | | | | | | | 20,503 | | | | | | 1,509,021 | | | |||
| |
2024 Officer RSU(2)
|
| | | | 12,096 | | | | | | 890,266 | | | | | | | | | | | | — | | | |||
| |
2023 Officer PSU(3)
|
| | | | 53,368 | | | | | | 3,927,885 | | | | | | | | | | | | — | | | |||
| |
2023 Officer RSU(2)
|
| | | | 8,894 | | | | | | 654,598 | | | | | | | | | | | | — | | | |||
| |
Jeff Strom
|
| |
2025 Officer PSU(1)
|
| | | | | | | | | | | | | | | | 9,623 | | | | | | 708,253 | | |
| |
2025 Officer RSU(2)
|
| | | | 7,235 | | | | | | 532,496 | | | | | | | | | | | | — | | | |||
| |
2024 Officer PSU(3)
|
| | | | | | | | | | | | | | | | 4,101 | | | | | | 301,834 | | | |||
| |
2024 Officer RSU(2)
|
| | | | 2,419 | | | | | | 178,038 | | | | | | | | | | | | — | | | |||
| |
2023 Officer PSU(3)
|
| | | | 12,692 | | | | | | 934,131 | | | | | | | | | | | | — | | | |||
| |
2023 Officer RSU(2)
|
| | | | 2,115 | | | | | | 155,664 | | | | | | | | | | | | — | | | |||
| |
Kelly Hibbs
|
| |
2025 Officer PSU(1)
|
| | | | | | | | | | | | | | | | 6,736 | | | | | | 495,770 | | |
| |
2025 Officer RSU(2)
|
| | | | 5,065 | | | | | | 372,784 | | | | | | | | | | | | — | | | |||
| |
2024 Officer PSU(3)
|
| | | | | | | | | | | | | | | | 4,101 | | | | | | 301,834 | | | |||
| |
2024 Officer RSU(2)
|
| | | | 2,419 | | | | | | 178,038 | | | | | | | | | | | | — | | | |||
| |
2023 Officer PSU(3)
|
| | | | 12,692 | | | | | | 934,131 | | | | | | | | | | | | — | | | |||
| |
2023 Officer RSU(2)
|
| | | | 2,115 | | | | | | 155,664 | | | | | | | | | | | | — | | | |||
| |
Joanna Barney
|
| |
2025 Officer PSU(1)
|
| | | | | | | | | | | | | | | | 6,736 | | | | | | 495,770 | | |
| |
2025 Officer RSU(2)
|
| | | | 5,065 | | | | | | 372,784 | | | | | | | | | | | | — | | | |||
| |
2024 Officer PSU(3)
|
| | | | | | | | | | | | | | | | 2,255 | | | | | | 165,968 | | | |||
| |
2024 Officer RSU(2)
|
| | | | 1,330 | | | | | | 97,888 | | | | | | | | | | | | — | | | |||
| |
2023 Officer PSU(3)
|
| | | | 4,472 | | | | | | 329,139 | | | | | | | | | | | | — | | | |||
| |
2023 Officer RSU(2)
|
| | | | 745 | | | | | | 54,832 | | | | | | | | | | | | — | | | |||
| |
Troy Little
|
| |
2025 Officer PSU(1)
|
| | | | | | | | | | | | | | | | 6,736 | | | | | | 495,770 | | |
| |
2025 Officer RSU(2)
|
| | | | 5,065 | | | | | | 372,784 | | | | | | | | | | | | — | | | |||
| |
2024 Officer PSU(3)
|
| | | | | | | | | | | | | | | | 4,101 | | | | | | 301,834 | | | |||
| |
2024 Officer RSU(2)
|
| | | | 2,419 | | | | | | 178,038 | | | | | | | | | | | | — | | | |||
| |
2023 Officer PSU(3)
|
| | | | 4,472 | | | | | | 329,139 | | | | | | | | | | | | — | | | |||
| |
2023 Officer RSU(2)
|
| | | | 745 | | | | | | 54,832 | | | | | | | | | | | | — | | | |||
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| | | | |
Option Awards
|
| |
Stock Awards
|
| ||||||||||||||||||
| |
Name
|
| |
Number of Shares
Acquired on Exercise (#) |
| |
Value Realized on
Exercise ($) |
| |
Number of Shares
Acquired on Vesting (#) |
| |
Value Realized on
Vesting(1) ($) |
| ||||||||||||
| | Nate Jorgensen | | | | | — | | | | | | — | | | | | | 47,444 | | | | | | 4,918,045 | | |
| | Jeff Strom | | | | | — | | | | | | — | | | | | | 13,191 | | | | | | 1,367,379 | | |
| | Kelly Hibbs | | | | | — | | | | | | — | | | | | | 13,191 | | | | | | 1,367,379 | | |
| | Joanna Barney | | | | | — | | | | | | — | | | | | | 2,495 | | | | | | 258,632 | | |
| | Troy Little | | | | | — | | | | | | — | | | | | | 2,908 | | | | | | 301,443 | | |
| |
Officer
|
| |
Plan Name
|
| |
Number of Years
Credited Service(1) (#) |
| |
Present Value of
Accumulated Benefit(2) ($) |
| |
Payments During
Last Fiscal Year(3) ($) |
| |||||||||
| | Kelly Hibbs | | | SUPP | | | | | 15 | | | | | | 12,831 | | | | | | — | | |
| | Troy Little | | | SUPP | | | | | 20 | | | | | | 14,995 | | | | | | — | | |
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
Name
|
| |
Executive
Contributions in Last FY(1) ($) |
| |
Registrant
Contributions in Last FY(2) ($) |
| |
Aggregate
Earnings in Last FY(3) ($) |
| |
Aggregate
Withdrawals/ Distributions ($) |
| |
Aggregate
Balance at Last FYE(4) ($) |
| |||||||||||||||
| | Nate Jorgensen | | | | | 176,897 | | | | | | 19,319 | | | | | | 106,222 | | | | | | — | | | | | | 1,582,847 | | |
| | Jeff Strom | | | | | 170,161 | | | | | | 14,783 | | | | | | 79,638 | | | | | | — | | | | | | 1,223,499 | | |
| | Kelly Hibbs | | | | | — | | | | | | — | | | | | | 97,859 | | | | | | — | | | | | | 1,418,715 | | |
| | Joanna Barney | | | | | 56,548 | | | | | | 4,980 | | | | | | 38,835 | | | | | | — | | | | | | 596,499 | | |
| | Troy Little | | | | | 142,712 | | | | | | 15,639 | | | | | | 68,654 | | | | | | — | | | | | | 1,047,921 | | |
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
Name
|
| |
Benefit
|
| |
Qualified
Termination(1) ($) |
| |
Change in
Control(2) ($) |
| |
Death or
Disability(3) ($) |
| |||||||||
| |
Nate Jorgensen
|
| |
●
Base Salary (2x annual base salary)
|
| | | | 2,284,000 | | | | | | — | | | | | | — | | |
| |
●
STIP (2x target)
|
| | | | 2,740,800 | | | | | | — | | | | | | — | | | |||
| |
●
LTIP
|
| | | | — | | | | | | 10,535,693 | | | | | | 11,324,391 | | | |||
| |
●
Insurance – healthcare, life, disability,
and accident (18 months)
|
| | | | 24,968 | | | | | | — | | | | | | — | | | |||
| | TOTAL | | | | | 5,049,768 | | | | | | 10,535,693 | | | | | | 11,324,391 | | | |||
| |
Jeff Strom
|
| |
●
Base Salary (2x annual base salary)
|
| | | | 1,350,000 | | | | | | — | | | | | | — | | |
| |
●
STIP (2x target)
|
| | | | 1,350,000 | | | | | | — | | | | | | — | | | |||
| |
●
LTIP
|
| | | | — | | | | | | 2,599,920 | | | | | | 2,810,416 | | | |||
| |
●
Insurance – healthcare, life, disability,
and accident (18 months)
|
| | | | 35,030 | | | | | | — | | | | | | — | | | |||
| | TOTAL | | | | | 2,735,030 | | | | | | 2,599,920 | | | | | | 2,810,416 | | | |||
| |
Kelly Hibbs
|
| |
●
Base Salary (2x annual base salary)
|
| | | | 1,246,000 | | | | | | — | | | | | | — | | |
| |
●
STIP (2x target)
|
| | | | 996,800 | | | | | | — | | | | | | — | | | |||
| |
●
LTIP
|
| | | | — | | | | | | 2,280,496 | | | | | | 2,438,221 | | | |||
| |
●
Insurance – healthcare, life, disability,
and accident (18 months)
|
| | | | 35,030 | | | | | | — | | | | | | — | | | |||
| | TOTAL | | | | | 2,277,830 | | | | | | 2,280,496 | | | | | | 2,438,221 | | | |||
| |
Joanna Barney
|
| |
●
Base Salary (2x annual base salary)
|
| | | | 1,122,000 | | | | | | — | | | | | | — | | |
| |
●
STIP (2x target)
|
| | | | 897,600 | | | | | | — | | | | | | — | | | |||
| |
●
LTIP
|
| | | | — | | | | | | 1,374,333 | | | | | | 1,516,381 | | | |||
| |
●
Insurance – healthcare, life, disability,
and accident (18 months)
|
| | | | 34,293 | | | | | | — | | | | | | — | | | |||
| | TOTAL | | | | | 2,053,893 | | | | | | 1,374,333 | | | | | | 1,516,381 | | | |||
| |
Troy Little
|
| |
●
Base Salary (2x annual base salary)
|
| | | | 1,166,000 | | | | | | — | | | | | | — | | |
| |
●
STIP (2x target)
|
| | | | 932,800 | | | | | | — | | | | | | — | | | |||
| |
●
LTIP
|
| | | | — | | | | | | 1,574,672 | | | | | | 1,732,397 | | | |||
| |
●
Insurance – healthcare, life, disability,
and accident (18 months)
|
| | | | 13,898 | | | | | | — | | | | | | — | | | |||
| | TOTAL | | | | | 2,112,698 | | | | | | 1,574,672 | | | | | | 1,732,397 | | | |||
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
Location
|
| |
# of
Employees |
| |
% of
Total |
| | |
Total # of
Employees |
| |||||||||
| |
U.S.
|
| | | | 7,555 | | | | | | 98.7% | | | | | | | 7,652 | | |
| | Canada | | | | | 97 | | | | | | 1.3% | | | | ||||||
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | Value of Initial Fixed $100 Investment Based On: | | | | | | | | | | | | | | |||||||||
| | Year | | | Summary Compensation Table Total for PEO(1) ($) | | | Compensation Actually Paid to PEO(1)(3)(4) ($) | | | Average Summary Compensation Table Total for Non-PEO NEOs(2) ($) | | | Average Compensation Actually Paid to Non-PEO NEOs(2)(3)(4) ($) | | | Total Shareholder Return ($) | | | Peer Group Total Shareholder Return (2025 Peer Group)(5) ($) | | | Net Income ($ in thousands) | | | Company Selected Measure: Company ($ in thousands) | | ||||||||||||||||||||||||
| | 2025 | | | | | | | | | | ( | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |||||||
| | 2024 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||
| | 2023(5) | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||
| | 2022 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||
| | 2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| | Year | | | Summary Compensation Table Total for PEO ($) | | | Deduction to Change in Pension Value ($) | | | Deduction to Stock Awards ($) | | | Adjustment to Pension Service Cost ($) | | | Adjustment to Equity Values ($) | | | Compensation Actually Paid to PEO ($) | | ||||||||||||||||||
| | 2025 | | | | | | | | | | — | | | | | | ( | | | | | | — | | | | | | ( | | | | | | ( | | | |
| | 2024 | | | | | | | | | | — | | | | | | ( | | | | | | — | | | | | | | | | | | | | |||
| | 2023 | | | | | | | | | | — | | | | | | ( | | | | | | — | | | | | | | | | | | | | |||
| | 2022 | | | | | | | | | | — | | | | | | ( | | | | | | — | | | | | | | | | | | | | |||
| | 2021 | | | | | | | | | | — | | | | | | ( | | | | | | — | | | | | | | | | | | | | |||
| | Year | | | Summary Compensation Table Total for Non-PEO NEOs ($) | | | Deduction to Change in Pension Value ($) | | | Deduction to Stock Awards ($) | | | Adjustment to Pension Service Cost ($) | | | Adjustment to Equity Values ($) | | | Compensation Actually Paid to Non-PEO NEOs ($) | | ||||||||||||||||||
| | 2025 | | | | | | | | | | — | | | | | | ( | | | | | | — | | | | | | ( | | | | | | | | ||
| | 2024 | | | | | | | | | | — | | | | | | ( | | | | | | — | | | | | | | | | | | | | |||
| | 2023 | | | | | | | | | | — | | | | | | ( | | | | | | — | | | | | | | | | | | | | |||
| | 2022 | | | | | | | | | | — | | | | | | ( | | | | | | — | | | | | | | | | | | | | |||
| | 2021 | | | | | | | | | | — | | | | | | ( | | | | | | — | | | | | | | | | | | | | |||
| | Year | | | Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for PEO | | | Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for PEO | | | Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for PEO | | | Total — Adjustment to Equity Values for PEO | | ||||||||||||
| | 2025 | | | | | | | | | | ( | | | | | | ( | | | | | | ( | | | |
| | 2024 | | | | | | | | | | ( | | | | | | | | | | | | | |||
| | 2023 | | | | | | | | | | | | | | | | | | | | | | ||||
| | 2022 | | | | | | | | | | | | | | | | | | | | | | ||||
| | 2021 | | | | | | | | | | | | | | | | | | | | | | ||||
| | Year | | | Year-End Fair Value of Equity Awards Granted During Year That Remained Unvested as of Last Day of Year for Non-PEO NEOs | | | Change in Fair Value from Last Day of Prior Year to Last Day of Year of Unvested Equity Awards for Non-PEO NEOs | | | Change in Fair Value from Last Day of Prior Year to Vesting Date of Unvested Equity Awards that Vested During Year for Non-PEO NEOs | | | Total — Adjustment to Equity Values for Non-PEO NEOs | | ||||||||||||
| | 2025 | | | | | | | | | | ( | | | | | | ( | | | | | | ( | | | |
| | 2024 | | | | | | | | | | ( | | | | | | | | | | | | | |||
| | 2023 | | | | | | | | | | | | | | | | | | | | | | ||||
| | 2022 | | | | | | | | | | | | | | | | | | | | | | ||||
| | 2021 | | | | | | | | | | | | | | | | | | | | | | ||||
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| | Company Selected Financial Performance Measures | | |||
| | ● | | | ● | |
| | ● | | | ● | |
| | ● | | | ● | |
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
![[MISSING IMAGE: bc_tsrrl-pn.jpg]](https://www.sec.gov/Archives/edgar/data/0001328581/000110465926029440/bc_tsrrl-pn.jpg)
![[MISSING IMAGE: bc_netincomerl-pn.jpg]](https://www.sec.gov/Archives/edgar/data/0001328581/000110465926029440/bc_netincomerl-pn.jpg)
![[MISSING IMAGE: bc_ebitdarl-pn.jpg]](https://www.sec.gov/Archives/edgar/data/0001328581/000110465926029440/bc_ebitdarl-pn.jpg)
![[MISSING IMAGE: lc_grouptsrrl-pn.jpg]](https://www.sec.gov/Archives/edgar/data/0001328581/000110465926029440/lc_grouptsrrl-pn.jpg)
![[MISSING IMAGE: bc_ebitdaincomerl-pn.jpg]](https://www.sec.gov/Archives/edgar/data/0001328581/000110465926029440/bc_ebitdaincomerl-pn.jpg)
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
Plan Category
|
| |
Number of Securities
to be Issued Upon Exercise of Outstanding Options, Warrants, and Rights |
| |
Weighted
Average Exercise Price of Outstanding Options, Warrants, and Rights |
| |
Number of Securities
Remaining Available for Future Issuance Under Equity Compensation Plans (Excluding Securities Reflected in the First Column) |
| |||||||||
| | Equity compensation plans approved by shareholders(1) | | | | | 404,966(2) | | | | | | — | | | | | | 1,526,225(3) | | |
| | Equity compensation plans not approved by shareholders | | | | | — | | | | | | — | | | | | | — | | |
| | Total | | | | | 404,966 | | | | | | — | | | | | | 1,526,225 | | |
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
AUDIT-RELATED MATTERS
|
|
| |
|
| |
|
| |
Our Board recommends shareholders vote FOR the ratification of the appointment of KPMG as our independent registered public accounting firm for the year ending December 31, 2026.
|
|
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
|
| |
|
| |
|
| |
|
| |
|
|
| |
Duane McDougall
(Chair until April 30, 2026) |
| |
Steven Cooper
|
| |
Craig Dawson
|
| |
Amy Humphreys
(Chair as of April 30, 2026) |
| |
Sue Taylor
|
|
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| | | | |
2025
($) |
| |
2024
($) |
| ||||||
| | Audit Fees(1) | | | |
|
2,700,000
|
| | | | | 2,615,691 | | |
| | Audit-Related Fees(2) | | | |
|
10,000
|
| | | | | 10,000 | | |
| | Tax Fees(3) | | | |
|
0
|
| | | | | 47,000 | | |
| | All Other Fees | | | |
|
0
|
| | | | | 0 | | |
| | Total | | | | | 2,710,000 | | | | | | 2,672,691 | | |
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
STOCK OWNERSHIP
|
|
|
Position
|
| |
Stock Ownership Guidelines
|
| |
Compliance Period
|
| |
Current Status
|
| |||
|
Directors
|
| |
5x annual cash retainer
|
| |
▲▲▲▲▲
|
| |
5 years from appointment
|
| |
Met, or on track to do so within the five-year timeframe
|
|
|
Chief executive officer
|
| |
5x base salary
|
| |
▲▲▲▲▲
|
| |
5 years from appointment, or adoption of new guidelines
|
| |||
|
Executive vice presidents
and senior vice presidents |
| |
2x base salary
|
| |
▲▲
|
| ||||||
|
Vice presidents
|
| |
1x base salary
|
| |
▲
|
| ||||||
1111 West Jefferson Street, Suite 300,
Boise, ID 83702.
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| | | | |
Amount and Nature of Beneficial Ownership
|
| |||||||||||||||
| | | | |
Column A
|
| |
Column B
|
| |
Column C
|
| |||||||||
| |
Name of Beneficial Owner
|
| |
Shares Owned as of
3/5/2026(1) (#) |
| |
Right to Acquire Within
60 Days of 3/5/2026(1) (#) |
| |
Percent of
Class(2) (%) |
| |||||||||
| | PERSONS OWNING GREATER THAN 5% OF OUR OUTSTANDING COMMON STOCK | | ||||||||||||||||||
| | BlackRock, Inc.(3) | | | | | 5,907,407 | | | | | | — | | | | | | 16.44% | | |
| | The Vanguard Group(4) | | | | | 4,709,276 | | | | | | — | | | | | | 13.11% | | |
| |
Wellington Management Group LLP(5)
|
| | | | 2,823,119 | | | | | | — | | | | | | 7.86% | | |
| | Dimensional Fund Advisors LP(6) | | | | | 2,259,325 | | | | | | — | | | | | | 6.29% | | |
| | NON-EMPLOYEE DIRECTORS | | | | | | | | | | | | | | | | | | | |
| | Thomas Carlile | | | | | 29,594 | | | | | | 9,847(7) | | | | |
|
*
|
| |
| | Steven Cooper | | | | | 5,877 | | | | | | 7,647(8) | | | | |
|
*
|
| |
| | Craig Dawson | | | | | 5,609 | | | | | | — | | | | |
|
*
|
| |
| | Karen Gowland | | | | | 16,795 | | | | | | 10,286(8) | | | | |
|
*
|
| |
| | David Hannah | | | | | 20,332 | | | | | | 8,479(8) | | | | |
|
*
|
| |
| | Amy Humphreys | | | | | 5,609 | | | | | | — | | | | |
|
*
|
| |
| | Kristopher Matula | | | | | 14,099 | | | | | | 9,187(8) | | | | |
|
*
|
| |
| | Duane McDougall | | | | | 19,692 | | | | | | 12,309(9) | | | | |
|
*
|
| |
| | Christopher McGowan | | | | | 11,484 | | | | | | 12,309(9) | | | | |
|
*
|
| |
| | Sue Taylor | | | | | 9,063 | | | | | | — | | | | |
|
*
|
| |
| | NAMED EXECUTIVE OFFICERS | | | | | | | | | | | | | | | | | | | |
| | Nate Jorgensen | | | | | 191,717 | | | | | | — | | | | |
|
*
|
| |
| | Jeff Strom | | | | | 23,825 | | | | | | — | | | | |
|
*
|
| |
| | Kelly Hibbs | | | | | 50,836 | | | | | | — | | | | |
|
*
|
| |
| | Joanna Barney | | | | | 6,107 | | | | | | — | | | | |
|
*
|
| |
| | Troy Little | | | | | 5,688 | | | | | | — | | | | |
|
*
|
| |
| |
All Directors and Executive Officers
as a Group (16 Persons) |
| | |
|
416,327
|
| | | |
|
70,064
|
| | | |
|
1.42%
|
| |
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
INFORMATION ABOUT OUR ANNUAL MEETING
|
|
| | |
DATE AND TIMEApril 30, 2026
9:30 a.m., MDT |
| |
PLACE — VIRTUAL MEETINGTo participate in the live online Annual Meeting,
please visit: www.virtualshareholdermeeting.com/BCC2026 |
| |
RECORD DATEClose of business on
March 5, 2026 |
| |
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
Proxy Statement
Summary |
| |
Corporate Governance
and Board Matters |
| |
Executive
Compensation |
| |
Audit-Related
Matters |
| |
Stock
Ownership |
| |
Information about
Our Annual Meeting |
|
| |
|
| |
Broadridge Householding Department
51 Mercedes Way Edgewood, NY 11717 |
|
| |
|
| |
Toll-Free Number: 1-800-542-1061
|
|
| |
|
| |
Boise Cascade Company
Attention: Corporate Secretary 1111 West Jefferson Street, Suite 300 Boise, ID 83702 |
|
FAQ
What is Boise Cascade (BCC) asking shareholders to vote on at the 2026 annual meeting?
Shareholders are asked to elect ten directors, choose the frequency of advisory votes on executive pay, approve executive compensation on an advisory basis, and ratify KPMG as independent auditor for 2026. A fifth item covers any other business properly presented at the meeting.
When and how will Boise Cascade’s 2026 annual shareholders’ meeting be held?
The 2026 annual meeting will be held April 30, 2026, at 9:30 a.m. Mountain Daylight Time as a virtual‑only webcast. Shareholders can attend at www.virtualshareholdermeeting.com/BCC2026 using the 12‑digit control number from their proxy card or notice.
Who can vote at Boise Cascade’s 2026 annual meeting and what is the record date?
Holders of Boise Cascade common stock at the close of business on March 5, 2026 are entitled to receive notice of, and vote at, the annual meeting. Each share held on that record date is eligible to vote on all properly presented agenda items.
What leadership changes at Boise Cascade are highlighted in the 2026 proxy statement?
The proxy notes Jeff Strom became chief executive officer in March 2026, succeeding Nate Jorgensen, who retired as CEO but is expected to serve as board chair if reelected. Kristopher Matula is slated to become lead independent director, with new chairs designated for the audit and compensation committees.
How did Boise Cascade allocate capital and return cash to shareholders in 2025?
In 2025 Boise Cascade invested approximately $275 million in capital projects and acquisitions, including new and modernized facilities. It also returned $216.0 million to shareholders by repurchasing about 2.1 million shares and paying dividends totaling $34.6 million after a 5% quarterly dividend increase.
How does Boise Cascade approach executive compensation according to the 2026 proxy?
Boise Cascade targets executive pay around the 50th percentile of market data, with 51% of CEO compensation and about 47% for other named executives at risk. Incentives emphasize long‑term performance via PSUs and RSUs, supported by robust clawback policies and an annual shareholder say‑on‑pay vote.
What governance and sustainability practices does Boise Cascade emphasize in this proxy?
The company highlights a majority‑independent board, independent key committees, a lead independent director, stock ownership guidelines, and anti‑hedging policies. It also describes sustainability and human‑capital initiatives, responsible forestry practices, climate reporting under TCFD, and programs to foster a connected, safety‑focused workplace culture.
INTEGRITY
SAFETY
RESPECT
PURSUIT OF ![[MISSING IMAGE: ic_earnings-pn.jpg]](https://www.sec.gov/Archives/edgar/data/0001328581/000110465926029440/ic_earnings-pn.jpg)
![[MISSING IMAGE: ic_truck-pn.jpg]](https://www.sec.gov/Archives/edgar/data/0001328581/000110465926029440/ic_truck-pn.jpg)
![[MISSING IMAGE: ic_operations-pn.jpg]](https://www.sec.gov/Archives/edgar/data/0001328581/000110465926029440/ic_operations-pn.jpg)
![[MISSING IMAGE: ic_innovation-pn.jpg]](https://www.sec.gov/Archives/edgar/data/0001328581/000110465926029440/ic_innovation-pn.jpg)
![[MISSING IMAGE: ic_attractforlong-pn.jpg]](https://www.sec.gov/Archives/edgar/data/0001328581/000110465926029440/ic_attractforlong-pn.jpg)
![[MISSING IMAGE: ic_percentile-pn.jpg]](https://www.sec.gov/Archives/edgar/data/0001328581/000110465926029440/ic_percentile-pn.jpg)
![[MISSING IMAGE: ic_performancebased-pn.jpg]](https://www.sec.gov/Archives/edgar/data/0001328581/000110465926029440/ic_performancebased-pn.jpg)