8-K
Rayonier Advanced Materials Inc. (RYAM)
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)
November 18, 2021
COMMISSION FILE NUMBER 001-36285
Incorporated in the State of Delaware
I.R.S. Employer Identification Number 46-4559529
Rayonier Advanced Materials Inc.
1301 Riverplace Boulevard, Jacksonville, Florida 32207
(Principal Executive Office)
Telephone Number: (904) 357-4600
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 Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
|---|---|---|
| Common Stock, $0.01 par value | RYAM | The New York Stock 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).
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 ☐
Table of Contents
Rayonier Advanced Materials Inc.
Table of Contents
| Page | ||
|---|---|---|
| Item 7.01 | Regulation FD Disclosure | 1 |
| Item 9.01 | Financial Statements and Exhibits | 1 |
| Signature | 2 |
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| Item 7.01 | Regulation FD Disclosure |
|---|
On November 18, 2021, Rayonier Advanced Materials Inc. (“RYAM”) issued a press release announcing Rayonier Advanced Materials Hires Joshua C. Hicks to Lead High Purity Cellulose Business.
A copy of RYAM’s press release announcing the new Senior Vice President, High Purity Cellulose is furnished herewith as Exhibit 99.1.
The press release referenced in this Item 7.01 shall not be deemed “filed” for purposes of Section 18 of the U.S. Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that Section, nor shall it be deemed incorporated by reference in any filing of RYAM under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such filing.
| Item 9.01 | Financial Statements and Exhibits |
|---|---|
| (d) | Exhibits. |
| --- | --- |
The following exhibit is furnished herewith:
| 99.1 | Press Release dated November 18, 2021. |
|---|---|
| 104 | The cover page from this Current Report on Form 8-K, formatted as Inline XBRL. |
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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 Advanced Materials Inc. (Registrant) | |
|---|---|
| BY: | /s/ Richard Colby Slaughter |
| Richard Colby Slaughter | |
| Vice President, General Counsel and Corporate Secretary |
November 18, 2021
2
Document
Exhibit 99.1
| Contacts: | ||
|---|---|---|
| RYAM Media | Ryan Houck | 904-357-9134 |
| RYAM Investors | Mickey Walsh | 904-357-9162 |
Rayonier Advanced Materials Hires Joshua C. Hicks to Lead High Purity Cellulose Business
JACKSONVILLE, Fla. – Nov. 18, 2021 – Rayonier Advanced Materials (NYSE:RYAM) announced today that Joshua C. Hicks is joining the company as Senior Vice President, High Purity Cellulose to lead the High Purity Cellulose business.
Hicks brings nearly 20 years of business leadership experience in the chemical and advanced materials industries, most recently as Vice President, Global Industrial Solutions for Univar Solutions, a global chemical and ingredients distributor and provider of value-added services. In this role, he was responsible for a $1.3 billion global specialty chemicals and ingredients division. He previously worked for Nexeo Solutions, acquired by Univar in 2019, in various specialty chemical business unit leadership positions overseeing coatings and construction, personal care, and energy. Hicks began his career with Dow Chemical in various commercial and leadership roles of increasing responsibility across multiple business units.
“Joshua’s strategic business leadership experience and focus of working with customers and suppliers in a broad range of specialty chemicals industries will help us to maximize the value we deliver to our stockholders,” stated Paul Boynton, President and Chief Executive Officer of Rayonier Advanced Materials. “His commercial expertise along with his chemical industry background will help us grow our High Purity Cellulose business, as we continue to innovate and develop differentiated products with a focus on sustainable bioproducts.”
“I am honored and excited to join Rayonier Advanced Materials at this remarkable point in the company’s long history,” Hicks said. “With their global leadership position in High Purity Cellulose and growing demand for bio-based solutions, Rayonier Advanced Materials has a great future. I look forward to helping the company continue building value and driving growth for its stockholders, customers, and employees.”
Hicks has a Bachelor of Science degree in chemical engineering from Brigham Young University and an MBA from Rice University. He will be relocating to Jacksonville along with his family.
About Rayonier Advanced Materials
Rayonier Advanced Materials is a global leader of cellulose-based technologies, including high purity cellulose specialties, a natural polymer commonly found in filters, food, pharmaceuticals and other industrial applications. The Company also manufactures products for paper and packaging markets. With manufacturing operations in the U.S., Canada and France, Rayonier Advanced Materials employs just over 2,500 people and generates approximately $1.3 billion of revenues. More information is available at www.rayonieram.com.
Forward-Looking Statements
Certain statements in this document regarding anticipated financial, business, legal or other outcomes including business and market conditions, outlook and other similar statements relating to Rayonier Advanced Materials’ future events, developments, or financial or operational performance or results, are “forward-looking statements” made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are identified by the use of words such as “may,” “will,” “should,” “expect,” “estimate,” “believe,” “intend,”
CORPORATE HEADQUARTERS
1301 Riverplace Boulevard Suite 2300 Jacksonville, FL 32207
904.357.4600 fax 904.357.9101 www.RayonierAM.com
Exhibit 99.1
“forecast,” “anticipate,” “guidance,” and other similar language. However, the absence of these or similar words or expressions does not mean a statement is not forward-looking. While we believe these forward-looking statements are reasonable when made, forward-looking statements are not guarantees of future performance or events and undue reliance should not be placed on these statements. Although we believe the expectations reflected in any forward-looking statements are based on reasonable assumptions, we can give no assurance these expectations will be attained and it is possible actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks and uncertainties.
Other important factors that could cause actual results or events to differ materially from those expressed in forward-looking statements that may have been made in this document are described or will be described in our filings with the U.S. Securities and Exchange Commission, including our Annual Report on Form 10-K and Quarterly Reports on Form 10-Q. Rayonier Advanced Materials assumes no obligation to update these statements except as is required by law.
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CORPORATE HEADQUARTERS
1301 Riverplace Boulevard Suite 2300 Jacksonville, FL 32207
904.357.4600 fax 904.357.9101 www.RayonierAM.com