Clearwater Paper SEC Filings

Corkrean John J reported acquisition or exercise transactions in this Form 4 filing.

Clearwater Paper Corp director John J. Corkrean reported receiving a grant of 8,391.608 phantom common stock units on May 8, 2026 under the company’s Deferred Compensation Plan for Directors at a reference price of $14.30 per unit.

These phantom stock units correspond to an equal number of common shares on a 1‑for‑1 basis, but will be settled in cash, not stock. The award represents compensation for board service from May 1, 2026 through April 30, 2027 and will vest on May 1, 2027. After this grant, Corkrean’s deferred compensation account holds a total of 35,818.273 phantom stock units.

Clearwater Paper Corporation reported results from its 2026 Annual Meeting and related governance actions. Stockholders approved the 2026 Stock Incentive Plan, creating a new reserve of 2,000,000 shares for equity awards, replacing the unused shares under the prior plan. The board and stockholders also approved a Restated Certificate of Incorporation adding officer exculpation provisions permitted by Delaware law, and amended bylaws to add an exclusive forum clause and update shareholder director-nomination procedures. Six directors were elected, KPMG LLP was ratified as independent auditor for 2026, and named executive officer compensation received majority support in an advisory vote.

Clearwater Paper Corporation reported a larger loss for the quarter ended March 31, 2026 as higher costs and lower prices pressured results. Net sales were $360.3 million versus $378.2 million a year earlier, while net loss widened to $12.8 million from $6.3 million.

Adjusted EBITDA from continuing operations fell sharply to $1.9 million from $29.8 million as weather-driven spikes in natural gas and other costs outweighed higher shipment volumes and a $17.5 million representation-and-warranty insurance recovery. Paperboard shipments rose 4.6% but average price per ton declined 7.3%.

The company ended the quarter with $36.5 million of cash and $361.1 million of total debt. Management expects second-quarter costs to rise further due to a major maintenance outage and higher petroleum-based inputs, but also forecasts $8–$12 million of annualized savings from cost actions at its Cypress Bend facility and cites adequate liquidity from cash, operations and credit facilities.

Clearwater Paper Corporation reported a weaker first quarter of 2026, as lower market pricing and a severe weather event outweighed higher volumes. Net sales were $360.3 million, down from $378.2 million a year earlier, and the company posted a net loss from continuing operations of $12.8 million, or $0.80 per share, versus a $5.9 million loss, or $0.36 per share, in 2025.

Adjusted EBITDA from continuing operations fell sharply to $1.9 million from $29.8 million, reflecting weaker pricing and weather-related disruption, partly offset by cost reductions and insurance proceeds, including $17 million of additional representation and warranty insurance. Sales volumes rose 5% to 302,918 tons, but average paperboard pricing declined 7% to $1,101 per ton.

The company is restructuring its Cypress Bend, Arkansas facility, cutting about 20% of roles and targeting $8–$12 million in annual savings, with a $6 million benefit expected in 2026. Management guides second-quarter 2026 Adjusted EBITDA to a range of $0 to -$10 million, citing a major planned outage at Lewiston and higher input costs, while full-year 2026 revenue is projected between $1.4 billion and $1.5 billion.

BlackRock, Inc. filed an Amendment No. 7 to Schedule 13G/A reporting beneficial ownership of 1,140,272 shares of Clearwater Paper Corp common stock. The filing states this equals 7.1% of the class and shows sole voting power for 1,124,725 shares and sole dispositive power for 1,140,272 shares. The filing is signed by Spencer Fleming as Managing Director on 04/24/2026.

Clearwater Paper Corp director Jeanne M. Hillman received a grant of 1,676.934 phantom stock units on April 1, 2026 under the company’s Deferred Compensation Plan for Directors. These units, valued using a reference price of $14.61 per unit, represent deferred quarterly retainer and meeting fees. Hillman now holds a total of 11,623.676 phantom stock units, which will be converted to cash on a 1-for-1 basis with Clearwater Paper common stock and paid on dates she previously elected.

Clearwater Paper Corporation is asking stockholders to elect five directors, ratify KPMG as auditor, approve say-on-pay, adopt officer exculpation and forum-selection charter/bylaw changes, and approve the 2026 stock incentive plan at its May 7, 2026 annual meeting.

In 2025, net sales were $1.6 billion (up 12%) with a net loss of $18.6 million. The company cut more than 250 positions, reduced fixed costs over 10%, and realized over $50 million of savings, contributing to Adjusted EBITDA from continuing operations of $107.2 million, up $71.2 million year over year. Free cash flow over three years totaled $113 million and average ROIC was 6.3%. Annual incentives paid at 68.8% of target, 2023–2025 performance shares paid 0%, and a one‑time 2025 Transformational Award tranche paid at 100% of target.

Clearwater Paper Corp: The Vanguard Group filed Amendment No. 16 to its Schedule 13G/A reporting beneficial ownership of 0 shares (0%) of Clearwater Paper Corp Common Stock after an internal realignment. The amendment states that, in accordance with SEC Release No. 34-39538 (January 12, 1998), certain Vanguard subsidiaries now report beneficial ownership separately and The Vanguard Group, Inc. no longer is deemed to have beneficial ownership of those subsidiary-held securities.

The filing is signed by Ashley Grim, Head of Global Fund Administration, and lists Vanguard's Malvern, Pennsylvania address.