[8-K] Northeast Bank Reports Material Event

Rhea-AI Filing Summary

Louisiana-Pacific Corporation (NYSE: LPX) filed an 8-K announcing that its board has created the new position of Senior Vice President, Chief Operating Officer and appointed Anthony Hamill, effective 30 June 2025. Mr. Hamill, age 60, brings more than three decades of engineering and manufacturing experience, including 11 years in progressively senior roles at LP between 2013-2024 and most recently serving as Chief Operations Officer at Roseburg Forest Products.

The Offer Letter details a $630,000 annual base salary plus performance-linked incentives: (i) an annual cash bonus targeted at 80 % of base salary, (ii) long-term equity awards equal to 180 % of base salary split evenly between RSUs and PSUs, (iii) a $500,000 sign-on cash bonus, and (iv) a one-time RSU grant valued at $1.18 million that vests over three years. No related-party transactions or familial relationships were disclosed. A press release (Exhibit 99.1) will provide additional public communication.

The move signals LP’s intention to reinforce operational leadership as it continues to scale its siding and OSB businesses. While the compensation package adds expense, the appointment of a seasoned insider with external COO experience may improve execution, manufacturing efficiency, and strategic continuity.

Positive

• Seasoned executive returns with deep company knowledge, reducing onboarding risk and potentially boosting operational efficiency.
• Performance-weighted equity (180 % of salary) aligns new COO incentives with shareholder value creation.

Negative

• $500 k cash signing bonus and $1.18 m one-time RSU grant add immediate compensation cost without guaranteed performance offsets.
• No quantified financial guidance provided, limiting investors’ ability to gauge near-term earnings impact.

Insights

Corporate Governance Expert

TL;DR: Veteran insider returns as COO, enhancing oversight; governance disclosures clean; moderate cost.

From a governance viewpoint, LP followed best-practice disclosure by detailing compensation and confirming the absence of related-party conflicts. Elevating Hamill—who previously led key engineering and siding units—adds institutional knowledge and operational discipline without reshuffling the board. Creation of a COO role clarifies succession planning beneath the CEO and strengthens bench depth as LP navigates cyclical housing markets. The roughly $2.3 million upfront pay mix aligns with peer medians for a company of LP’s $5-6 billion market cap and is heavily performance-weighted (260 % of salary in variable/equity), mitigating shareholder dilution concerns. Impact is directionally positive but not transformative.

Portfolio Manager

TL;DR: Appointment likely neutral-to-positive for operations; no immediate earnings effect.

Operational leadership often drives mill uptime and cost control—critical levers for a commodity-exposed producer like LP. Hamill’s prior success in LP’s siding expansion suggests a short learning curve, potentially supporting margins in 2026 as new capacity ramps. However, investors should temper expectations: compensation expense is modest versus LP’s 2024 operating income of $598 million and will not materially alter EPS. The filing lacks quantitative outlook revisions, so near-term valuation catalysts remain tied to housing starts and OSB pricing rather than this personnel change. Overall share-price impact should be limited, though sentiment could improve around execution quality.

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United States

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 __________________________________

FORM 8-K

__________________________________

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of the

Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): June 20, 2025 (June 16, 2025)

 __________________________________ 

LOUISIANA-PACIFIC CORPORATION

(Exact name of registrant as specified in its charter)

 __________________________________ 

Delaware

1-7107

93-0609074

(State or other jurisdiction of incorporation or organization)

Commission File Number

(IRS Employer Identification No.)

1610 West End Ave, Suite 200, Nashville, TN 37203

(Address of principal executive offices) (Zip Code)

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

 __________________________________ 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐     Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐     Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐     Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐     Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

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

Title of each class			Trading Symbol			Name of each exchange on which registered
Common Stock, $1 par value			LPX			New York Stock Exchange

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

Emerging growth company ☐

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

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

Appointment of Senior Vice President, Chief Operating Officer

On June 16, 2025, the Board of Directors (the “Board”) of Louisiana-Pacific Corporation (“LP”) approved the appointment of Anthony Hamill to the newly created office of Senior Vice President, Chief Operating Officer of LP, effective June 30, 2025.

Mr. Hamill, 60, has over 30 years of engineering and manufacturing experience. He will join LP from Roseburg Forest Products Co. (“Roseburg”), where he has served as Chief Operations Officer since September 2024. Prior to joining Roseburg, Mr. Hamill spent over a decade at LP, serving in management positions of increasing responsibility between 2013 and 2024. Most recently, Mr. Hamill served as LP’s Vice President, Engineering from July 2017 to March 2022 and as Vice President, Siding Manufacturing from March 2022 to August 2024. Mr. Hamill holds a Bachelor of Science in Electrical Engineering from the University of New Brunswick

In connection with his appointment as Senior Vice President, Chief Operating Officer, LP entered into an offer letter with Mr. Hamill (the “Offer Letter”) setting forth certain terms of his employment and compensation. Pursuant to the Offer Letter, Mr. Hamill will be an at-will employee entitled to a base salary of $630,000 and eligible for (a) an annual incentive cash bonus with a target award value of 80% of his annual base salary under LP’s Annual Incentive Plan and (b) a long-term equity grant under LP’s 2022 Omnibus Stock Award Plan with an aggregate target award value of 180% of his annual base salary, to be comprised in equal parts by restricted stock units (“RSUs”) and performance stock units (“PSUs”). Mr. Hamill will also receive (i) a cash hiring bonus of $500,000 payable within 30 days following his employment start date and (ii) a one-time award of RSUs with an award value of $1,180,000, which will be granted as of the first business day of the calendar month following Mr. Hamill’s date of hire and will vest in three equal annual installments over a period of three years following the grant date. The number of RSUs to be granted to Mr. Hamill in respect of such one-time award will be calculated based on the closing price of LP’s common stock on the grant date of such award.

There are no arrangements or understandings between Mr. Hamill and any other persons pursuant to which Mr. Hamill was appointed as Senior Vice President, Chief Operating Officer. There are no family relationships between Mr. Hamill and any director, executive officer or any other person nominated or chosen by LP to become a director or executive officer. There are no related person transactions (within the meaning of Item 404(a) of Regulation S-K promulgated by the Securities and Exchange Commission) between Mr. Hamill and LP.

A copy of the press release announcing Mr. Hamill’s appointment is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

Item 9.01     Financial Statements and Exhibits

(d) Exhibits.

Exhibit Number			Description
99.1			Press release issued by LP on June 19, 2025
104			Cover Page Interactive Data File (embedded within Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			LOUISIANA-PACIFIC CORPORATION
			By:			/S/ LESLIE E. DAVIS
						Leslie E. Davis
						Vice President, Controller and Chief Accounting Officer

Date: June 20, 2025

FAQ

Who was appointed as Louisiana-Pacific's new COO?

LP appointed Anthony Hamill as Senior Vice President, Chief Operating Officer effective 30 June 2025.

What is the compensation package for LPX's new COO?

Hamill will receive a $630k base salary, 80 % target annual cash bonus, 180 % long-term equity award, a $500k sign-on bonus, and a $1.18 m RSU grant.

Does the 8-K disclose any related-party transactions involving the new COO?

No. The filing states there are no related-party transactions or family relationships involving Mr. Hamill.

When will the one-time RSU grant to the COO vest?

The $1.18 million RSU grant vests in three equal annual installments over three years following the grant date.

Why did LP create the new COO position?

Although the filing doesn’t give strategic detail, establishing a COO role indicates LP seeks enhanced operational focus as it scales manufacturing.