Welcome to our dedicated page for Mercer Intl SEC filings (Ticker: MERC), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Mercer International Inc. filings document regulatory disclosures for a Nasdaq-listed forest products company with pulp and solid wood operations. Form 8-K reports furnish operating results, impairment charges, liquidity measures, dividend policy changes, and Regulation FD updates on carbon capture activity at the Peace River pulp mill.
The company’s filings also cover registered common stock, material definitive agreements involving German revolving credit facility covenants and waivers, and annual meeting proxy matters. Proxy disclosures address executive compensation, shareholder voting procedures, board matters, and governance practices.
Laberge Alice reported acquisition or exercise transactions in this Form 4 filing.
MERCER INTERNATIONAL INC. reported that director Alice Laberge received a grant of 25,000 cash settled deferred stock units (DSUs) as part of the non-employee director compensation program for the board term starting June 1, 2026 and ending at the 2027 annual general meeting. Each DSU tracks the value of one share of common stock and pays cash, plus dividend equivalents, after she ceases to be a director unless further deferred. Following this grant, she holds 96,085 DSUs directly, which vest on the earlier of the one-year anniversary of the grant date or the 2027 annual general meeting.
WELTY LINDA J reported acquisition or exercise transactions in this Form 4 filing.
Mercer International Inc. director Linda J. Welty received a grant of 25,000 Deferred Stock Units (DSUs). These DSUs were issued under Mercer’s non-employee director compensation program and Amended and Restated 2022 Stock Incentive Plan for the board term starting June 1, 2026 and ending at the 2027 annual general meeting (AGM).
Each DSU represents the right to receive one share of Mercer common stock and related dividend equivalents after she ceases to be a director, unless further deferred. The DSUs vest on the earlier of the one-year anniversary of the grant date or the date of the 2027 AGM. Following this award, Welty directly holds 85,181 DSUs.
Mercer International Inc. reported the results of its 2026 Annual Meeting of Shareholders held on June 1, 2026. Shareholders elected all nine director nominees, with each receiving roughly 44.7 million votes in favor and relatively few votes against or abstentions, plus broker non-votes.
Shareholders also approved, on a non-binding advisory basis, the Company’s executive compensation, with 42,232,601 votes for, 2,708,877 against, 100,174 abstentions, and 6,674,322 broker non-votes. In addition, they ratified the selection of PricewaterhouseCoopers LLP as independent registered public accounting firm for fiscal 2026, with 51,015,419 votes for, 175,603 against, and 524,952 abstentions.
Mercer International Inc. received an amended Schedule 13D showing that investor Peter R. Kellogg now beneficially owns approximately 37.9% of the company’s common stock as of May 19, 2026. Item 5 reports beneficial ownership of 25,380,929 shares with sole voting and dispositive power over that amount.
During May 12–19, 2026, entities controlled by Mr. Kellogg bought an additional 1,000,000 shares of Mercer common stock through the Nasdaq Stock Market at prices between about $0.84 and $0.96 per share. These purchases were separately reported on Form 4 filings.
Mercer International’s ten percent owner Peter R. Kellogg, through entities including Harco, reported open-market purchases of 700,000 shares of common stock on May 15, 18 and 19, 2026 at prices around $0.95–$0.97 per share. Harco’s indirect holdings rose to 1,957,000 shares, and the filing also lists substantial additional direct and indirect holdings across various companies, trusts and a foundation associated with Kellogg.
Mercer International Inc. insider activity: Ten percent owner Peter R. Kellogg reported open-market purchases of Mercer International common stock through affiliated entities. Harco acquired 200,000 shares at $0.8811 per share on May 14, 2026 and 57,000 shares at $0.8773 per share on May 12, 2026, while E.G. Anderson Inc. acquired 43,000 shares at $0.8412 per share on May 12, 2026. Following these transactions, Harco held 1,257,000 shares indirectly, and Kellogg also reported substantial additional indirect and direct holdings across multiple entities.
Mercer International Inc ownership disclosure: Barclays PLC reported beneficial ownership of 3,853,740 shares of Mercer International Inc, representing 5.75% of the class as of 03/31/2026. The filing lists sole voting power of 3,803,272 shares and shared voting power of 50,468 shares. The statement identifies Barclays Bank PLC, Barclays Capital Inc and Barclays Capital Securities Ltd as subsidiaries associated with the reported holdings.
Mercer International Inc. reported weaker results for the quarter ended March 31, 2026. Revenue slipped to $489.3 million from $507.0 million, while a combination of lower pulp prices, higher fiber costs and a $22.0 million non-cash inventory impairment drove an operating loss of $32.9 million and a net loss of $52.0 million (vs. $22.3 million). Operating EBITDA fell sharply to $7.8 million from $47.1 million.
Cash and cash equivalents declined to $84.5 million and total liquidity, including undrawn revolvers, was about $229.0 million. The balance sheet deteriorated, with shareholders’ equity moving to a deficit of $5.5 million. Mercer’s German borrowers breached a leverage covenant on the €370.1 million joint revolving credit facility; lenders granted a waiver through the first three quarters of 2026, adding tighter covenants, higher interest margins and distribution restrictions but allowing the debt to remain classified as non‑current.
Mercer International Inc. reported weaker first quarter 2026 results, with revenues of $489.3 million versus $507.0 million a year earlier. Operating EBITDA fell to $7.8 million, including a $22.0 million non-cash inventory impairment, down from $47.1 million.
The company posted a net loss of $52.0 million ($0.78 per share), compared to a $22.3 million loss in 2025, and shareholders’ equity moved to a deficit of $5.5 million from $68.1 million at year-end 2025. Higher fiber costs and unfavorable foreign exchange pressured both pulp and solid wood segments.
Mercer secured a waiver on a leverage covenant under its German revolving credit facility and still classified borrowings there as non-current, while aggregate liquidity was about $229.0 million as of March 31, 2026. Management highlighted its "One Goal One Hundred" cost program, with approximately $41.0 million savings achieved since launch, and a $171 million mass timber order book supporting future projects.
Mercer International Inc. disclosed that, effective May 4, 2026, certain German subsidiaries entered into a Waiver and Consent Request Letter tied to its existing revolving credit facility agreement. The waiver relates to the Company’s €370.1 million German revolving credit facility with a bank group led by UniCredit Bank GmbH as agent.
The waiver sets out additional conditions and clarifies what will count as an Event of Default under the credit agreement. These include failing to meet the waiver’s covenants and reporting duties, terminating a managing director of a loan party without prior written notice to the agent (other than for cause), and the occurrence of an event of default under the Company’s 12.875% senior notes due 2028, 5.125% senior notes due 2029, or certain other credit facilities such as its Canadian revolving credit facility. It also treats specified North American bankruptcy-related actions or proceedings involving a loan party as events of default.