Louisiana-Pacific (NYSE:LPX) held its 2026 annual stockholder meeting on May 1, with Chairman of the Board Nicholas Grasberger presiding over the event via a webcast platform. The meeting included votes on director elections, auditor ratification, and an advisory “Say on Pay” proposal, with all items receiving the required stockholder support based on preliminary results.
Meeting format and procedural updates
Grasberger said stockholders attended through a web portal and could submit questions through the platform, including their name, city of residence, and whether they were a stockholder or proxy holder. He noted the meeting was being recorded and stated that attendees joining via webcast or telephone were not permitted to use audio recording devices.
According to Grasberger, the record date for voting was March 3, 2026. He said the company received an affidavit of distribution from Broadridge Financial Solutions confirming distribution of the notice of annual meeting and proxy statement. He also stated that the list of stockholders entitled to vote had been available for inspection for more than 10 days as required under Delaware law, and remained accessible through a link on the meeting portal.
Quorum and shares entitled to vote
Grasberger said the stockholder list showed that holders of 69,848,440 shares of common stock were entitled to vote at the meeting. Based on proxy tabulations provided by the inspector of election prior to the meeting’s start, he said a quorum was present in person or by proxy, representing holders of a majority of the outstanding shares entitled to vote.
Board and advisor introductions
Grasberger introduced members of the board of directors: Jason Ringblom, Lizanne M. Bruce, Stephen Macadam, Jose Bayardo, Ty Silberhorn, Jean-Michel Ribiéras, and Kelly Barrett. He also noted that Mark Scalese of Deloitte & Touche attended the meeting and served as the lead client service partner for Louisiana-Pacific. Scalese, Grasberger said, would be available to address questions related to the auditor ratification proposal.
Voting proposals and preliminary results
Grasberger presented three items for stockholder vote and stated the board’s recommendation in favor of each proposal. Voting opened shortly after 7:35 a.m. Central Time, and Grasberger later declared the polls closed before announcing preliminary results.
- Proposal 1: Election of Class 2 directors (terms expiring in 2029). The nominees were Jose A. Bayardo, Stephen E. Macadam, and Jean-Michel Ribiéras. Grasberger said the three nominees “received a majority of votes cast and have been reelected as class 2 directors.”
- Proposal 2: Ratification of independent auditor. Stockholders voted on ratifying Deloitte & Touche LLP as the company’s independent registered public accounting firm for 2026. Grasberger said the appointment “has been ratified.”
- Proposal 3: Advisory vote on named executive officer compensation (“Say on Pay”). Grasberger described the item as an advisory vote giving stockholders an opportunity to approve compensation paid to the company’s named executive officers, while noting the compensation committee is responsible for determining compensation policies. He said the proposal “has been approved on an advisory basis.”
Grasberger said the inspector of election would complete the tabulation and provide a final report, with final voting results appended to the meeting minutes and publicly disclosed in a Form 8-K filing within four business days.
Questions and meeting close
Following the business portion of the meeting, Grasberger opened the floor for stockholder questions and comments, noting that only questions “germane to the meeting” would be addressed and that any unanswered relevant questions would be addressed on the company’s corporate website. He then concluded the meeting after seeing no questions submitted.
About Louisiana-Pacific (NYSE:LPX)
Louisiana-Pacific Corporation (NYSE: LPX) is a leading manufacturer of building materials and engineered wood products for residential, industrial and light commercial construction. The company produces a diverse portfolio of products, including oriented strand board (OSB), engineered wood siding, trim, molding, sheathing panels and subflooring. Its flagship product lines, such as LP® SmartSide® trim and siding, are designed to offer enhanced durability, moisture resistance and ease of installation, helping builders and homeowners achieve long-lasting performance in a variety of climates.
Founded in 1973 as a spin-off from Georgia-Pacific, Louisiana-Pacific established its reputation by pioneering innovative manufacturing techniques for OSB, becoming one of the first companies to bring the product to market in the 1980s.
