Short answer
RAYONIER ADVANCED MATERIALS INC. (RYAM) filed an 8-K current report with the SEC on June 22, 2026 reporting Item 5.02 (Departure/Election of Directors or Officers), Item 7.01 (Regulation FD Disclosure), Item EX-99.1 (Exhibit EX-99.1). Daniel M. Krawczyk appointed CEO, President, and Class III director effective June 22, 2026, term through 2029 annual meeting.
RAYONIER ADVANCED MATERIALS INC. 8-K event analysis
AI summary of each reported item and its exhibits
Item 5.02 · Departure/Election of Directors or Officers
- Daniel M. Krawczyk appointed CEO, President, and Class III director effective June 22, 2026, term through 2029 annual meeting
- Leadership transition from interim Office of the CEO to permanent chief executive, with existing executives retaining their roles
- $1,000,000 base salary, 100% target annual bonus, and $3,300,000 2026 long-term incentive award
- $750,000 sign-on bonus plus $1,750,000 performance-unit inducement award tied to three-year share-price growth
- Inducement LPUs require at least 25% share-price growth to vest, with maximum 250% vesting at 100% growth
Item 7.01 · Regulation FD Disclosure
- CEO succession: Mr. Krawczyk appointed President and Chief Executive Officer effective June 22, 2026
- Board expansion: Mr. Krawczyk appointed to RYAM’s Board of Directors
- Exhibit 99.1 contains additional appointment details and related matters disclosed by the company
Item EX-99.1 · Exhibit EX-99.1
- Daniel M. Krawczyk appointed CEO and President effective immediately, joining the Board
- Board continues strategic-alternatives review with Morgan Stanley to maximize shareholder value
- No outcome reached; appointment does not signal a specific transaction or strategic path
- Krawczyk brings experience overseeing a $1.3 billion portfolio and executing more than $2 billion in transactions
- RYAM generated $1.5 billion revenue in 2025; new CEO prioritizing free cash flow and EBITDA improvement
Generated from the filing text and exhibits; verify against the original. What 8-K item codes mean
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