United States
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 OR 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 1 , 2021
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(Exact name of registrant as specified in its charter)
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| (State or other jurisdiction of incorporation or organization) | Commission File Number | (IRS Employer Identification No.) | ||||||||||||
(Address of principal executive offices) (Zip Code)
Registrant’s telephone number, including area code: (615 986 - 5600
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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):
Securities registered pursuant to Section 12(b) of the Act:
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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.
Effective December 1, 2021, the Board of Directors (the “Board”) of Louisiana-Pacific Corporation (“LP”) appointed Jose A. Bayardo as a director of LP to serve until the 2023 annual meeting of LP’s stockholders. Mr. Bayardo has also been appointed as a member of the Finance and Audit Committee and Governance and Corporate Responsibility Committee of the Board, effective December 1, 2021.
The Board has determined that Mr. Bayardo is independent within the meaning of the New York Stock Exchange listing standards, applicable rules and regulations of the Securities and Exchange Commission, and LP’s Corporate Governance Principles.
There are no family relationships between Mr. Bayardo and any previous or current officers or directors of LP, and Mr. Bayardo has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.
Mr. Bayardo will participate in LP’s standard compensation program for non-employee directors, as described in LP’s proxy statement filed with the Securities and Exchange Commission on March 15, 2021.
Item 7.01. Regulation FD Disclosure.
On December 1, 2021, LP issued a press release announcing the appointment of Mr. Bayardo to the Board. A copy of the press release is attached as Exhibit 99.1 to this Current Report on Form 8-K.
The information furnished pursuant to this Item 7.01 and Exhibit 99.1 shall not be deemed to be “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934 (the “Exchange Act”) or otherwise subject to the liabilities of that section, nor shall it be incorporated by reference into a filing under the Securities Act of 1933, or the Exchange Act, except as shall be expressly set forth by specific reference in any such a filing.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
Exhibit Number | Description | ||||
| 99.1 | |||||
| 104 | Cover Page Interactive Data File (embedded within the 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/ DEREK N. DOYLE | |||||||
| Derek N. Doyle | ||||||||
| Vice President, Controller and Chief Accounting Officer | ||||||||
Date: December 1, 2021
JOSE A. BAYARDO APPOINTED TO LP BUILDING SOLUTIONS BOARD OF DIRECTORS
NASHVILLE, Tenn. (Decmeber 1, 2021) - Louisiana-Pacific Corporation (LP) (NYSE: LPX) today announced the appointment of Jose A. Bayardo to its Board of Directors, effective immediately.
Bayardo is Senior Vice President (SVP) and Chief Financial Officer (CFO) of NOV Inc. (NYSE: NOV), a leading global provider of technology and equipment to the energy industry. Based in Houston, Texas, the 28,000-employee company operates in more than 60 countries. Prior to joining NOV in 2015, he served as SVP of Resource and Business Development at Continental Resources, Inc. and spent nine years in various roles, including SVP, CFO and Treasurer, at Complete Production Services, Inc. Before this, he was an investment banker with J.P. Morgan Securities, Inc.
“With Jose’s experience, expertise, and perspective, he will be a valuable addition to our Board,” said LP Chair and Chief Executive Officer Brad Southern. “He has successfully navigated several corporate transformations and brings a wealth of experience in finance, strategic planning, mergers and acquisitions, and shareholder value creation. Jose is a change agent, and we look forward to his strategic insight as we continue to execute our transformation strategy.”
Bayardo holds a Bachelor of Science in Chemical Engineering from The University of Texas at Austin, a Master of Engineering Management from the McCormick School of Engineering at Northwestern University, and a Master of Business Administration from the Kellogg Graduate School of Management at Northwestern University. He also serves as a member of The University of Texas at Austin’s McKetta Department of Chemical Engineering’s External Advisory Council.
About LP Building Solutions
As a leader in high-performance building solutions, Louisiana-Pacific Corporation (LP Building Solutions, NYSE: LPX) manufactures engineered wood building products that meet the demands of builders, remodelers and homeowners worldwide. LP’s extensive offerings include innovative and dependable building products and accessories, such as siding solutions (LP® SmartSide® Trim & Siding, LP® SmartSide® ExpertFinish® Trim & Siding, LP BuilderSeries® Lap Siding, and LP® Outdoor Building Solutions®), LP Structural Solutions (LP® TechShield® Radiant Barrier, LP WeatherLogic® Air & Water Barrier, LP Legacy® Premium Sub-Flooring, and LP® FlameBlock® Fire-Rated Sheathing and more), LP® TopNotch® Sub-Flooring, and oriented strand board (OSB). In addition to product solutions, LP provides industry-leading customer service and warranties. Since its founding in 1972, LP has been Building a Better World™ by helping customers construct beautiful, durable homes while our shareholders build lasting value. Headquartered in Nashville, Tennessee, LP operates 25 plants across the U.S., Canada, Chile, and Brazil. For more information, visit LPCorp.com.