Rayonier (RYN) names interim Wood Products leader as EVP Cribb departs
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Rayonier Inc. announced a leadership transition in its Wood Products business. Executive Vice President, Wood Products, Ashlee Townsend Cribb will resign effective March 20, 2026, to become CEO of a privately owned company that Rayonier does not view as a competitor, and her departure is stated not to involve any disagreement with the company or its management.
Ryan M. Daniels, currently Senior Vice President, Operations for Wood Products, will become Interim Senior Vice President, Wood Products, on March 20, 2026, while a search for a permanent successor proceeds. Daniels will receive a monthly incremental salary stipend of $5,250 in addition to his $337,592 annual base salary, eligibility for a cash bonus equal to 60% of the stipend and a $200,000 restricted stock unit award vesting over four years, along with Rayonier’s standard indemnification agreement.
Positive
- None.
Negative
- None.
Insights
Rayonier discloses an orderly Wood Products leadership change with defined interim compensation.
Rayonier is managing turnover in its Wood Products segment as Executive Vice President Ashlee Cribb leaves to become CEO of a privately held company. The company explicitly notes her resignation is not due to any disagreement, which limits governance or cultural red flags from this change.
Interim leadership shifts to Ryan Daniels, an internal executive with extensive wood products manufacturing experience. His interim package includes a $5,250 monthly stipend, a $337,592 base salary, incentive eligibility tied to the stipend, and a $200,000 RSU grant vesting over four years, aligning him with longer-term performance despite the interim title.
The disclosed terms suggest a structured, continuity-focused transition for the Wood Products business rather than a sudden strategic pivot. Subsequent company filings and communications can clarify how quickly a permanent successor is chosen and whether Wood Products strategy or performance expectations change under new leadership.
8-K Event Classification
3 items: 5.02, 8.01, 9.01
3 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Table of Contents
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)
COMMISSION FILE NUMBER 1-6780 (Rayonier Inc.)
COMMISSION FILE NUMBER: 333-237246 (Rayonier, L.P.)
Incorporated in the State of North Carolina
I.R.S. Employer Identification Number 13-2607329
Incorporated in the State of Delaware
I.R.S. Employer Identification Number 91-1313292
(Principal Executive Office)
Telephone Number: (904 ) 357-9100
Check the appropriate box below if the form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:
| 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 Securities Exchange Act of 1934:
| Title of each class | Trading Symbol | 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).
| Rayonier Inc.: | Emerging growth company | |||||||||||||||||||
| Rayonier, L.P.: | Emerging growth company | |||||||||||||||||||
Table of Contents
| 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. | ||||||||||||||
| Rayonier Inc.: | ☐ | |||||||||||||
| Rayonier, L.P.: | ☐ | |||||||||||||
Table of Contents
TABLE OF CONTENTS
| PAGE | ||||||||||||||
| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers | 1 | ||||||||||||
| Item 8.01 | Other Matters | 1 | ||||||||||||
| Item 9.01 | Financial Statements and Exhibits | 2 | ||||||||||||
Exhibit Index | 2 | |||||||||||||
Signature | 3 | |||||||||||||
| ITEM 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. | ||||
On March 5, 2026, Ashlee Townsend Cribb informed Rayonier Inc. (“Rayonier” or the “Company”) that she is resigning as Executive Vice President, Wood Products, of the Company, effective March 20, 2026, to pursue a CEO role with a privately-owned company. Ms. Cribb will remain at the Company until March 20, 2026, to assist with the orderly transition of her responsibilities. Ms. Cribb’s resignation was not the result, in whole or in part, of any disagreement with Rayonier or Rayonier’s management.
Also on March 11, 2026, the Company announced the appointment of Ryan M. Daniels as Interim Senior Vice President, Wood Products, effective March 20, 2026. Mr. Daniels will assume leadership of the Wood Products business on an interim basis while the Company conducts a search for a permanent successor.
Mr. Daniels, 47, has served as Senior Vice President, Operations of the Wood Products business since January 2026. Mr. Daniels previously served as Director, Wood Products, for PotlatchDeltic Corporation (“Potlatch”) from September 2023 until January 2026 when Potlatch merged with the Company. Prior to his service at Potlatch, Mr. Daniels served as Vice President, Manufacturing, for Hood Industries, Inc., a wood manufacturing and distribution company, from October 2022 until September 2023. Prior to that, Mr. Daniels served as Vice President, Manufacturing, for Coastal Forest Resources Company, a manufacturer of plywood, lumber and treated wood products, from February 2016 until October 2022. Mr. Daniels also previously served in roles at other large-scale wood products manufacturing companies, including Weyerhaeuser Company and Georgia-Pacific LLC. Mr. Daniels holds B.S. and M.S. degrees in Industrial Engineering from the University of Arkansas.
There are no arrangements or understandings between Mr. Daniels and any other persons pursuant to which Mr. Daniels’ appointment was made. Mr. Daniels has no direct or indirect material interest in any transaction or proposed transaction required to be reported under Item 404(a) of Regulation S-K.
In connection with his appointment, Mr. Daniels will receive (i) a monthly incremental salary stipend of $5,250 in addition to his current annual base salary, which is $337,592 (together, the “Salary Component”), (ii) eligibility for a cash bonus equal to 60% of the Salary Component and (iii) an equity award under the 2023 Rayonier Incentive Stock Plan in an amount of $200,000, allocated fully to Restricted Stock Units of the Company, which will vest on a four-year, substantially equal, ratable vesting schedule.
In addition, the Company expects to enter into its standard form of Indemnification Agreement with Mr. Daniels, which agreement form was previously filed with the Securities and Exchange Commission and is incorporated by reference as Exhibit 10.6 to the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2025.
| ITEM 8.01. | Other Matters. | ||||
On March 11, 2026, Rayonier issued a press release announcing the resignation of Ms. Cribb and the appointment of Mr. Daniels. A copy of that press release is attached hereto as Exhibit 99.1 and incorporated herein by reference.
1
Table of Contents
| ITEM 9.01. | Financial Statements and Exhibits. | ||||
(d) Exhibits.
The following are filed as Exhibits to this Report.
| Exhibit No. | Description | |||||||
| 99.1 | Press Release of Rayonier Inc. dated March 11, 2026. | |||||||
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). | |||||||
2
Table of Contents
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.
| RAYONIER INC. | ||||||||
| BY: | /s/ MARK R. BRIDWELL | |||||||
| Mark R. Bridwell | ||||||||
| Executive Vice President, General Counsel and Corporate Secretary | ||||||||
| RAYONIER, L.P. | ||||||||
| By: RAYONIER INC., its sole general partner | ||||||||
| BY: | /s/ MARK R. BRIDWELL | |||||||
| Mark R. Bridwell | ||||||||
| Executive Vice President, General Counsel and Corporate Secretary | ||||||||
March 11, 2026
3
Exhibit 99.1
 | News Release | |||||||||||||||||||||||||
Rayonier Announces Wood Products Leadership Transition
WILDLIGHT, Fla. (BUSINESS WIRE) – March 11, 2026 – Rayonier Inc. (NYSE:RYN) today announced that Ashlee Townsend Cribb has resigned as Executive Vice President, Wood Products to accept a CEO opportunity with a privately-owned, specialty wood products manufacturer that Rayonier does not consider to be a competitor. Ms. Cribb will remain at the Company until March 20, 2026, to assist with an orderly transition of her responsibilities.
“On behalf of our Board of Directors and the entire team at Rayonier, I want to thank Ashlee for her significant contributions to our Wood Products business since 2021, including her leadership through the recent merger of equals between Rayonier and PotlatchDeltic,” said Mark McHugh, President and CEO. “During Ashlee’s tenure, she has overseen significant operational improvements and developed a strong team of leaders in the Wood Products business, leaving it well positioned for the future. We wish Ashlee continued success in her future endeavors.”
Ryan Daniels, currently Senior Vice President, Operations of the Wood Products business, will assume leadership of the Wood Products business on an interim basis. The Company will conduct a search for a permanent successor, which may include internal and external candidates. Mr. Daniels has over 20 years of wood products manufacturing experience. Prior to joining PotlatchDeltic in 2023, he served in roles of increasing responsibility at several large-scale wood products manufacturing companies, including Weyerhaeuser, Georgia-Pacific, and Coastal Forest Resources Company. Mr. Daniels holds a B.S. degree in Industrial Engineering and an M.S. degree in Industrial Engineering from the University of Arkansas.
About Rayonier
Rayonier is a land resources real estate investment trust (REIT) with a portfolio comprising over four million acres in the U.S. South and U.S. Northwest. The company is focused on managing its timberlands on a sustainable basis while optimizing its overall portfolio value by delivering land to its highest and best use. Rayonier also operates six sawmills, an industrial-grade plywood mill, residential and commercial real estate developments, and a rural land sales program. Rayonier is committed to corporate responsibility, third-party forest certification, and supporting climate change mitigation through its land-based solutions business. More information is available at www.rayonier.com.
Contacts
Investors/Media: Collin Mings, investorrelations@rayonier.com, 904-357-9100
FAQ
What leadership change did Rayonier (RYN) announce in its Wood Products business?
Rayonier announced that Ashlee Townsend Cribb will resign as Executive Vice President, Wood Products, effective March 20, 2026. Ryan M. Daniels, currently Senior Vice President, Operations, will assume leadership of the Wood Products business on an interim basis while the company searches for a permanent successor.
Why is Ashlee Townsend Cribb leaving Rayonier (RYN)?
Ashlee Townsend Cribb is resigning as Executive Vice President, Wood Products, to accept a CEO role with a privately owned specialty wood products manufacturer. Rayonier states the new employer is not considered a competitor and that her resignation is not due to any disagreement with the company or its management.
Who is Ryan M. Daniels, Rayonier’s interim Wood Products leader?
Ryan M. Daniels is currently Senior Vice President, Operations for Rayonier’s Wood Products business and will become Interim Senior Vice President, Wood Products, on March 20, 2026. He brings over 20 years of wood products manufacturing experience, including roles at PotlatchDeltic, Weyerhaeuser, Georgia-Pacific, and Coastal Forest Resources.
What compensation will Ryan Daniels receive in his interim role at Rayonier (RYN)?
In his interim role, Ryan Daniels will receive a monthly incremental salary stipend of $5,250 on top of his $337,592 annual base salary, eligibility for a cash bonus equal to 60% of the stipend, and a $200,000 restricted stock unit award vesting ratably over four years, plus Rayonier’s standard indemnification agreement.
Does Ashlee Cribb’s resignation indicate any disagreement with Rayonier (RYN)?
No. Rayonier explicitly states that Ashlee Cribb’s resignation as Executive Vice President, Wood Products, was not the result, in whole or in part, of any disagreement with the company or its management. She will remain through March 20, 2026, to support an orderly transition of her responsibilities.
What type of company is Rayonier and what businesses does it operate?
Rayonier is a land resources real estate investment trust with over four million acres in the U.S. South and Northwest. It focuses on sustainably managed timberlands and operates six sawmills, an industrial-grade plywood mill, real estate developments, and a rural land sales program, emphasizing corporate responsibility and climate-focused land solutions.