[425] – POTLATCHDELTIC CORP (PCH) (CIK 0001338749)
Rayonier Inc. announced an all-stock merger-of-equals with PotlatchDeltic to form a leading U.S. land resources REIT. The combined company would manage ~4.2 million acres across highly productive regions, operate six sawmills capable of producing 1.2BBF of lumber annually, and run one plywood facility with 150MMSF annual capacity. The headquarters is planned for Atlanta, GA, with a 10-member board split evenly (5 from each company). Leadership is expected to include Eric Cremers as Executive Chair and Mark McHugh as President & CEO.
The companies cite benefits such as diversified timberland ownership, a strong platform for Real Estate and Land-Based Solutions/Natural Climate Solutions, and “compelling financial benefits including synergies,” with a balance sheet positioned for opportunistic capital allocation. The merger is expected to close in late Q1 / early Q2 2026, subject to shareholder and regulatory approvals.
Rayonier Inc. ha annunciato una fusione per stock interamente uguale con PotlatchDeltic per formare un REIT statunitense leader nelle risorse fondiarie. L'azienda combinata gestirebbe circa 4,2 milioni di acri in regioni altamente produttive, opererebbe sei segherie capaci di produrre 1,2BBF di legname all'anno e gestirebbe un impianto di compensato con una capacità annua di 150 MMSF. La sede è prevista ad Atlanta, GA, con un consiglio di amministrazione di 10 membri equamente diviso (5 da ciascuna azienda). Si prevede che la leadership includa Eric Cremers come Executive Chair e Mark McHugh come President & CEO.
Le aziende citano benefici quali proprietà diversificate di pinete, una forte piattaforma per Real Estate e Soluzioni Basate su Terrea/Natural Climate Solutions, e “benefici finanziari attraenti tra cui sinergie”, con un bilancio posizionato per un'allocazione di capitale opportunistica. La fusione è prevista chiudere nel tardo Q1 / inizio Q2 2026, soggetta ad approvazioni degli azionisti e regolamentari.
Rayonier Inc. anunció una fusión por acciones iguales con PotlatchDeltic para formar un REIT líder de recursos de tierras en EE. UU. La empresa combinada gestionaría ~4,2 millones de acres en regiones altamente productivas, operaría seis aserraderos capaces de producir 1,2BBF de madera al año y gestionaría una instalación de contrachapado con capacidad anual de 150 MMSF. La sede está prevista para Atlanta, GA, con una junta directiva de 10 miembros dividida equitativamente (5 de cada empresa). Se espera que la dirección incluya Eric Cremers como Executive Chair y Mark McHugh como President & CEO.
Las empresas citan beneficios como propiedad forestal diversificada, una plataforma sólida para Real Estate y Soluciones Basadas en Tierra/Natural Climate Solutions, y “beneficios financieros atractivos incluyendo sinergias”, con un balance diseñado para asignación de capital oportunista. La fusión se prevé cerrar a fines del primer trimestre / principios del segundo trimestre de 2026, sujeta a aprobaciones de los accionistas y regulatorias.
Rayonier Inc.은 PotlatchDeltic과의 동일주식 합병(all-stock merger-of-equals)을 발표하여 미국 선도 임야 자원 REIT를 형성합니다. 합병된 회사는 생산성이 높은 지역에서 약 420만 에이커를 관리하고, 연간 12억 BF의 목재를 생산할 수 있는 제재소 6개를 운영하며, 연간 용량이 150 MMSF인 합판 시설 1곳을 운영합니다. 본사는 조지아주 애틀랜타에 예정되어 있으며, 각 회사에서 5명씩 총 10명으로 구성된 이사회가 동등하게 분배됩니다. 리더십에는 Eric Cremers를 Executive Chair로, Mark McHugh를 President & CEO로 두는 것이 기대됩니다.
양사는 다양한 산림지 소유, 부동산 및 토지 기반 솔루션/Natural Climate Solutions에 대한 강력한 플랫폼, 그리고 “시너지 효과를 포함한 매력적인 재무적 이점” 등을 언급하며 기회지향적 자본 배분에 유리한 대차대조표를 보유하고 있다고 밝혔습니다. 이번 합병은 2026년 1분기 말/2분기 초에 마감될 것으로 예상이며 주주 및 규제 승인에 달려 있습니다.
Rayonier Inc. a annoncé une fusion par échange d’actions avec PotlatchDeltic afin de former un REIT leader des ressources foncières américaines. L’entreprise combinée gérerait environ 4,2 millions d’acres dans des régions hautement productives, exploiterait six scieries capables de produire 1,2 BBF de bois par an et gérerait une installation de contreplaqué d’une capacité annuelle de 150 MMSF. Le siège est prévu à Atlanta, GA, avec un conseil d’administration de 10 membres réparti équitablement (5 de chaque société). La direction devrait inclure Eric Cremers en tant que Executive Chair et Mark McHugh en tant que President & CEO.
Les entreprises citent des bénéfices tels qu’une propriété forestière diversifiée, une plateforme solide pour le Real Estate et les Solutions basées sur la Terre/Natural Climate Solutions, et des « avantages financiers convaincants incluant des synergies », avec un bilan prêt pour une allocation opportuniste du capital. La fusion devrait être finalisée fin du premier trimestre / début du deuxième trimestre 2026, sous réserve des approbations des actionnaires et des autorités réglementaires.
Rayonier Inc. hat eine all-stock Fusion der Gleichen mit PotlatchDeltic angekündigt, um einen führenden REIT für Landressourcen in den USA zu bilden. Das kombinierte Unternehmen würde rund 4,2 Millionen Morgen in produktiven Regionen verwalten, sechs Sägewerke betreiben, die jährlich 1,2 BBF Holz produzieren können, und eine Sperrholz-Anlage mit einer jährlichen Kapazität von 150 MMSF betreiben. Der Hauptsitz ist in Atlanta, GA geplant, mit einem 10-köpfigen Vorstand, der gleichmäßig auf beide Unternehmen verteilt ist (5 von jedem Unternehmen). Die Führung wird voraussichtlich Eric Cremers als Executive Chair und Mark McHugh als President & CEO umfassen.
Die Unternehmen nennen Vorteile wie diversifiziertes Forstlandbesitz, eine starke Plattform für Real Estate und Land-Based Solutions/Natural Climate Solutions sowie „überzeugende finanzielle Vorteile einschließlich Synergien“, mit einer Bilanz, die opportunistische Kapitalallokation ermöglicht. Die Fusion wird voraussichtlich Ende Q1 / Anfang Q2 2026 abgeschlossen, vorbehaltlich der Zustimmung der Aktionäre und behördlicher Genehmigungen.
أعلنت شركة Rayonier Inc. عن اندماج بنِسْخَة أسهم مع PotlatchDeltic لتشكيل شركة REIT رائدة في الموارد البرية الأمريكية. ستدير الشركة المجمّعة نحو 4.2 مليون فدان عبر مناطق إنتاجية عالية، وستشغّل ست مطاحن نجارة قادرة على إنتاج 1.2BBF من الخشب سنوياً، وتدير منشأة خشب plywood بقدرة 150 MMSF سنوياً. من المخطط أن تكون المقرات في أتلانتا، جورجيا، مع مجلس إدارة مكوّن من 10 أعضاء موزعين بالتساوي (5 من كل شركة). من المتوقع أن تتضمن القيادة Eric Cremers كـ Executive Chair و Mark McHugh كـ President & CEO.
وتشير الشركات إلى فوائد مثل امتلاك غابات متنوعة، ومنصة قوية لـ Real Estate وحلول الأرض/حلول المناخ الطبيعي، و“فوائد مالية مقنعة بما في ذلك التآزر”، مع ميزانية مخطط لها لتخصيص رأس المال بشكل انتهازي. من المتوقع إتمام الاندماج في أواخر الربع الأول/بداية الربع الثاني من 2026، رهناً بموافقات المساهمين والتنظيمية.
Rayonier Inc. 宣布与 PotlatchDeltic 进行同股同权并购，组建美国领先的土地资源型房地产投资信托（REIT）。合并后的公司将管理约420万英亩高产区域，运营6座年产量可达1.2BBF 的木材锯木厂，并运营一座年产能力为150 MMSF 的胶合板厂。总部拟设在乔治亚州亚特兰大，董事会由10名成员组成，来自两家公司各占5名。预计领导层将包括 Eric Cremers 担任执行主席，Mark McHugh 担任总裁兼首席执行官。
两家公司表示的好处包括多元化的林地所有权、适用于房地产及陆地基础解决方案/自然气候解决方案的强大平台，以及“包括协同效应在内的具有吸引力的财务效益”，并且资产负债表为机会性资本配置做好了准备。该并购预计在 2026 年第一季度末/第二季度初 完成，需经股东与监管机构批准。
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Insights
Proposed all-stock merger combines scale in timber, real estate, and mills.
Rayonier and PotlatchDeltic plan a merger-of-equals, creating a large, diversified land resources REIT with ~4.2 million acres and integrated wood products assets. Scale includes six sawmills producing 1.2BBF of lumber annually and one plywood facility at 150MMSF annually, plus platforms in timber, real estate, and LBS/NCS.
Management highlights “compelling financial benefits including synergies” and an Atlanta HQ with a balanced 5/5 board, led by Eric Cremers (Executive Chair) and Mark McHugh (President & CEO). Outcomes depend on approvals, successful integration, and market conditions in timber, real estate development, and wood products.
The communication notes closing is targeted for late
Rayonier Inc. ha annunciato una fusione per stock interamente uguale con PotlatchDeltic per formare un REIT statunitense leader nelle risorse fondiarie. L'azienda combinata gestirebbe circa 4,2 milioni di acri in regioni altamente produttive, opererebbe sei segherie capaci di produrre 1,2BBF di legname all'anno e gestirebbe un impianto di compensato con una capacità annua di 150 MMSF. La sede è prevista ad Atlanta, GA, con un consiglio di amministrazione di 10 membri equamente diviso (5 da ciascuna azienda). Si prevede che la leadership includa Eric Cremers come Executive Chair e Mark McHugh come President & CEO.
Le aziende citano benefici quali proprietà diversificate di pinete, una forte piattaforma per Real Estate e Soluzioni Basate su Terrea/Natural Climate Solutions, e “benefici finanziari attraenti tra cui sinergie”, con un bilancio posizionato per un'allocazione di capitale opportunistica. La fusione è prevista chiudere nel tardo Q1 / inizio Q2 2026, soggetta ad approvazioni degli azionisti e regolamentari.
Rayonier Inc. anunció una fusión por acciones iguales con PotlatchDeltic para formar un REIT líder de recursos de tierras en EE. UU. La empresa combinada gestionaría ~4,2 millones de acres en regiones altamente productivas, operaría seis aserraderos capaces de producir 1,2BBF de madera al año y gestionaría una instalación de contrachapado con capacidad anual de 150 MMSF. La sede está prevista para Atlanta, GA, con una junta directiva de 10 miembros dividida equitativamente (5 de cada empresa). Se espera que la dirección incluya Eric Cremers como Executive Chair y Mark McHugh como President & CEO.
Las empresas citan beneficios como propiedad forestal diversificada, una plataforma sólida para Real Estate y Soluciones Basadas en Tierra/Natural Climate Solutions, y “beneficios financieros atractivos incluyendo sinergias”, con un balance diseñado para asignación de capital oportunista. La fusión se prevé cerrar a fines del primer trimestre / principios del segundo trimestre de 2026, sujeta a aprobaciones de los accionistas y regulatorias.
Rayonier Inc.은 PotlatchDeltic과의 동일주식 합병(all-stock merger-of-equals)을 발표하여 미국 선도 임야 자원 REIT를 형성합니다. 합병된 회사는 생산성이 높은 지역에서 약 420만 에이커를 관리하고, 연간 12억 BF의 목재를 생산할 수 있는 제재소 6개를 운영하며, 연간 용량이 150 MMSF인 합판 시설 1곳을 운영합니다. 본사는 조지아주 애틀랜타에 예정되어 있으며, 각 회사에서 5명씩 총 10명으로 구성된 이사회가 동등하게 분배됩니다. 리더십에는 Eric Cremers를 Executive Chair로, Mark McHugh를 President & CEO로 두는 것이 기대됩니다.
양사는 다양한 산림지 소유, 부동산 및 토지 기반 솔루션/Natural Climate Solutions에 대한 강력한 플랫폼, 그리고 “시너지 효과를 포함한 매력적인 재무적 이점” 등을 언급하며 기회지향적 자본 배분에 유리한 대차대조표를 보유하고 있다고 밝혔습니다. 이번 합병은 2026년 1분기 말/2분기 초에 마감될 것으로 예상이며 주주 및 규제 승인에 달려 있습니다.
Rayonier Inc. a annoncé une fusion par échange d’actions avec PotlatchDeltic afin de former un REIT leader des ressources foncières américaines. L’entreprise combinée gérerait environ 4,2 millions d’acres dans des régions hautement productives, exploiterait six scieries capables de produire 1,2 BBF de bois par an et gérerait une installation de contreplaqué d’une capacité annuelle de 150 MMSF. Le siège est prévu à Atlanta, GA, avec un conseil d’administration de 10 membres réparti équitablement (5 de chaque société). La direction devrait inclure Eric Cremers en tant que Executive Chair et Mark McHugh en tant que President & CEO.
Les entreprises citent des bénéfices tels qu’une propriété forestière diversifiée, une plateforme solide pour le Real Estate et les Solutions basées sur la Terre/Natural Climate Solutions, et des « avantages financiers convaincants incluant des synergies », avec un bilan prêt pour une allocation opportuniste du capital. La fusion devrait être finalisée fin du premier trimestre / début du deuxième trimestre 2026, sous réserve des approbations des actionnaires et des autorités réglementaires.
Rayonier Inc. hat eine all-stock Fusion der Gleichen mit PotlatchDeltic angekündigt, um einen führenden REIT für Landressourcen in den USA zu bilden. Das kombinierte Unternehmen würde rund 4,2 Millionen Morgen in produktiven Regionen verwalten, sechs Sägewerke betreiben, die jährlich 1,2 BBF Holz produzieren können, und eine Sperrholz-Anlage mit einer jährlichen Kapazität von 150 MMSF betreiben. Der Hauptsitz ist in Atlanta, GA geplant, mit einem 10-köpfigen Vorstand, der gleichmäßig auf beide Unternehmen verteilt ist (5 von jedem Unternehmen). Die Führung wird voraussichtlich Eric Cremers als Executive Chair und Mark McHugh als President & CEO umfassen.
Die Unternehmen nennen Vorteile wie diversifiziertes Forstlandbesitz, eine starke Plattform für Real Estate und Land-Based Solutions/Natural Climate Solutions sowie „überzeugende finanzielle Vorteile einschließlich Synergien“, mit einer Bilanz, die opportunistische Kapitalallokation ermöglicht. Die Fusion wird voraussichtlich Ende Q1 / Anfang Q2 2026 abgeschlossen, vorbehaltlich der Zustimmung der Aktionäre und behördlicher Genehmigungen.
Filed by Rayonier Inc.
Pursuant to Rule 425 under the Securities Act of 1933
and deemed filed pursuant to Rule 14a-12
under the Securities Exchange Act of 1934
Subject Company: PotlatchDeltic Corporation
(Commission File No. 001-32729)
Date: October 14, 2025
The following communication was posted by Rayonier Inc. on its website on October 14, 2025 in connection with the proposed combination of Rayonier and PotlatchDeltic in an all-stock merger-of-equals transaction.
Merger of Equals to Create a Leading Land Resources REITCombination Creates an Exceptional Domestic Land Resources Owner and Top-Tier Lumber Manufacturer• Diversified timberland ownership with ~4.2 million acres in highly LEADERSHIP attractive and productive regionsEric Cremers• Leading lumber producer well-positioned to support housing Executive Chair of the Board recovery with capital available for growth Mark McHugh• Enhanced platform to capture value from Real Estate and Land- President & CEO Based Solutions (LBS) / Natural Climate Solutions (NCS)• Compelling financial benefits including synergies; pro forma 5 Directors from Rayonier5 Directors from PotlatchDelticbalance sheet well-positioned for opportunistic capital allocation• Well-aligned values and corporate cultures Headquarters: Atlanta, GA• Expected merger closing late Q1 / early Q2 2026Attractive Combined Asset BaseSPOKANE, WA “This strategic merger of 301 BEMIDJI, MN equals combines two ST. MARIES, ID GWINN, MI exceptional land 6624 resources companies to U.S. Northwest deliver value for our Acreage: 931K Acres shareholders andstakeholders.CHENAL VALLEY, AROLA, AR WARREN, AR ATLANTA, GA “Legend 930 70Mark McHugh866Wood Products Manufacturing 130 390 President & CEO, Rayonier WALDO, AR 175 HEARTWOOD, GAFacilities 277 WILDLIGHT, FL Real Estate Development Projects 389Existing HQ Locations U.S. South Our complementary Acreage: 3,227K AcresNew HQ Location “assets and shared vision will unlock Timber Real Estate LBS / NCS Wood Products significant strategic and • Six sawmills can financial benefits • ~3.2MM acres • Value-add real • 78% in the U.S. in U.S. South in estate South, the region produce 1.2BBF (1) beyond what could be top timber development best poised for of lumber annually achieved regions projects LBS / NCS upside independently.• One plywood facility • In regions well- • Solar, carbon • ~0.9MM acres with capacity to “ positioned to capture & storage, in Northwest, produce 150MMSF Eric Cremers generate rural minerals, carbon (1) annually President & CEO, PotlatchDeltic67% in Idaho56690 HBU -001 premiums markets 14Oct25 13:19 Page 2 Note:1. BBF stands for billion board feet; MMSF stands for million square feet, 3/8-inch panel thickness basis
IMPORTANT ADDITIONAL INFORMATION ABOUT THE PROPOSED TRANSACTIONCautionary Statement Regarding Forward-Looking InformationThis communication contains certain “forward-looking statements” within the meaning of federal securities laws. Words such as “anticipates,” “believes,” “could,” “continue,” “estimate,” “expects,” “intends,” “will,” “should,” “may,” “plan,” “predict,” “project,” “would” and similar expressions may be used to identify forward-looking statements. Forward-looking statements are not statements of historical fact and reflect Rayonier Inc.’s and PotlatchDeltic Corporation’s current views about future events. Such forward-looking statements include, but are not limited to, statements about the benefits of the proposed merger involving Rayonier Inc. and PotlatchDeltic Corporation, including future financial and operating results, Rayonier Inc.’s and PotlatchDeltic Corporation’s plans, objectives, expectations and intentions, the expected timing and likelihood of completion of the transaction, and other statements that are not historical facts, including expected synergies, harvest schedules, timberland acquisitions and dispositions, future results of operations, projected cash flow and liquidity, business strategy and other plans and objectives for future operations. No assurances can be given that the forward-looking statements contained in this communication will occur as projected and actual results may differ materially from those projected. Forward-looking statements are based on current expectations, estimates and assumptions that involve a number of risks and uncertainties that could cause actual results to differ materially from those projected. These risks and uncertainties include, without limitation: the ability to timely or at all obtain the requisite Rayonier Inc. and PotlatchDeltic Corporation shareholder approvals; the risk that Rayonier Inc. or PotlatchDeltic Corporation may be unable to obtain required governmental and regulatory approvals required for the merger (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the merger); the risk that an event, change or other circumstance could give rise to the termination of the proposed merger; the risk that a condition to closing of the merger may not be satisfied on a timely basis or at all; the risk that the timing to consummate the proposed merger may be delayed; the risk that the businesses will not be integrated successfully; the risk that the cost savings and any other synergies from the transaction may not be fully realized or may take longer to realize than expected; the risk that any announcement relating to the proposed transaction could have adverse effects on the market price of Rayonier Inc.’s Common Shares or PotlatchDeltic Corporation’s Common Stock; the risk of litigation related to the proposed transaction; disruption from the transaction making it more difficult to maintain relationships with customers, employees, contractors, suppliers, vendors or joint venture partners; the diversion of management time in connection with the proposed transaction; the challenging macroeconomic environment, including disruptions in the timberlands, real estate, land based solutions, and wood products manufacturing industries; the ability of PotlatchDeltic Corporation and Rayonier Inc. to refinance their existing financing arrangements on favorable terms; the cost and availability of third-party logging and trucking services; the geographic concentration of a significant portion of PotlatchDeltic Corporation’s and Rayonier Inc.’s timberland; changes in environmental laws and regulations regarding timber harvesting, wood products manufacturing, delineation of wetlands, endangered species, the development of solar, carbon capture and storage, and carbon credit projects, and development of real estate generally that may restrict or adversely impact PotlatchDeltic Corporation’s or Rayonier Inc.’s ability to conduct their respective businesses, or increase the cost of doing so; adverse weather conditions, natural disasters and other catastrophic events such as hurricanes, wind storms and wildfires; the lengthy, uncertain and costly process associated with the ownership, entitlement and development of real estate, including changes in law, policy and political factors beyond our control; the availability and cost of financing for real estate development and mortgage loans, changes in tariffs, taxes or treaties relating to the import and export of PotlatchDeltic Corporation’s and Rayonier Inc.’s products, including those of their respective customers; changes in key management and personnel; PotlatchDeltic Corporation’s and Rayonier Inc.’s ability to meet all necessary legal requirements to continue to qualify as a real estate investment trust; changes in tax laws that could adversely affect beneficial tax treatment; and other risks and uncertainties identified in the “Risk Factors,” “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Business” sections of each of PotlatchDeltic Corporation’s and Rayonier Inc.’s most recent Annual Reports on Form 10-K, any subsequently filed Quarterly Reports on Form 10-Q, and other risks as identified from time to time in its Securities and Exchange Commission (“SEC”) reports by both companies.Forward-looking statements are based on the estimates and opinions of management at the time the statements are made. Each of Rayonier Inc. and PotlatchDeltic Corporation undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.Important Additional Information about the Proposed Transaction and Where to Find ItIn connection with the proposed merger, Rayonier Inc. will file a registration statement on Form S-4, which will include a document that serves as a prospectus of Rayonier Inc. and a joint proxy statement of Rayonier Inc. and PotlatchDeltic Corporation (the “joint proxy statement/prospectus”), and each party will file other documents regarding the proposed transaction with the SEC. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE JOINT PROXY STATEMENT AND OTHER RELEVANT DOCUMENTS FILED WITH THE SEC WHEN THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. A definitive joint proxy statement/prospectus will be sent to Rayonier Inc.’s and PotlatchDeltic Corporation’s shareowners. Investors and security holders will be able to obtain the registration statements and the joint proxy statement/prospectus free of charge from the SEC’s website or from Rayonier Inc. or PotlatchDeltic Corporation. The documents filed by PotlatchDeltic Corporation with the SEC may be obtained free of charge at PotlatchDeltic Corporation’s website at www.potlatchdeltic.com or at the SEC’s website at www.sec.gov. The documents filed by Rayonier Inc. with the SEC may be obtained free of charge at Rayonier Inc.’s website at www.rayonier.com or at the SEC’s website at www.sec.gov. Participants in the SolicitationPotlatchDeltic Corporation, Rayonier Inc. and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the proposed transaction. Information about the directors and executive officers of PotlatchDeltic Corporation, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in PotlatchDeltic Corporation’s proxy statement for its 2025 Annual Meeting of Stockholders, which was filed with the SEC on March 27, 2025, including under the headings “Compensation Discussion and Analysis,” “Compensation of Directors,” “Equity Compensation Plan Information,” and “Security Ownership.” To the extent holdings of PotlatchDeltic Corporation’s Common Stock by the directors and executive officers of PotlatchDeltic Corporation have changed from the amounts of PotlatchDeltic Corporation’s Common Stock held by such persons as reflected therein, such changes have been or will be reflected on Initial Statements of Beneficial Ownership of Securities on Form 3 (“Form 3”), Statements of Changes in Beneficial Ownership on Form 4 (“Form 4”) or Annual Statements of Changes in Beneficial Ownership of Securities on Form 5 (“Form 5”), in each case filed with the SEC, including: the Forms 4 filed by Anne Alonzo on May 8, 2025, Linda Breard on May 8, 2025, Michael Covey on May 8, 2025, Ashlee Cribb on July 28, 2025, James DeCosmo on May 8, 2025, William Driscoll on April 1, 2025, May 2, 2025, May 8, 2025, June 10, 2025, July 1, 2025 and October 2, 2025, Mark Leland on May 8, 2025, Larry Peiros on May 8, 2025 and Lenore Sullivan on May 8, 2025. Information about the directors and executive officers of Rayonier Inc., including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in Rayonier Inc.’s proxy statement for its 2025 Annual Meeting of Shareholders, which was filed with the SEC on April 2, 2025, including under the headings “Director Compensation” and “Compensation Discussion and Analysis.” To the extent holdings of Rayonier Inc.’s Common Shares by the directors and executive officers of Rayonier Inc. have changed from the amounts of Rayonier Inc.’s Common Shares held by such persons as reflected therein, such changes have been or will be reflected on For ms 3, Forms 4 or Forms 5, in each case filed with the SEC, including: the Forms 4 filed by Keith Bass on April 9, 2025, May 19, 2025, June 2, 2025 and September 2, 2025, Mark Bridwell on April 2, 2025, April 4, 2025 and April 15, 2025, Christopher Corr on April 2, 2025, April 4, 2025 and April 15, 2025, Gregg Gonsalves on May 19, 2025, Scott Jones on May 19, 2025, Larkin Martin on May 19, 2025, Douglas Long on April 2, 2025, April 4, 2025 and April 15, 2025, Mark McHugh on April 2, 2025, April 4, 2025 and April 15, 2025, Meridee Moore on May 19, 2025, Ann Nelson on May 19, 2025, Shelby Pyatt on April 2, 2025, April 4, 2025 and April 15, 2025, Matthew Rivers on May 19, 2025, Rhett Rogers on April 2, 2025, April 4, 2025 and April 15, 2025, April Tice on April 2, 2025, April 4, 2025 and April 15, 2025 and Andrew Wiltshire on May 19, 2025. Other information regarding the participants in the proxy solicitations and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the registration statement and joint proxy statement/prospectus and other relevant materials to be filed with the SEC regarding the proposed transaction when such materials become available. Investors and security holders should read the registration statement and joint proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. Investors may obtain free copies of these documents from PotlatchDeltic Corporation and Rayonier Inc. as indicated above.No Offer or SolicitationThis communication shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the U.S. Securities Act of 1933, as amended.
FAQ
What did Rayonier and PotlatchDeltic (PCH) announce?
How large will the combined timberland base be?
What manufacturing capacity does the combined company include?
Where will the combined company be headquartered and how is the board structured?
Who are the expected leaders of the combined company?
What strategic benefits are highlighted?
Where can investors find more details on the merger?
