Potlatch Stockholders OK Rayonier Merger Plan, Reject Executive Pay in Special Meeting

Core Viewpoint - Potlatch Corporation held a virtual special meeting to vote on its merger agreement with Rayonier Inc, which was successfully approved by shareholders [2][7]. Meeting Setup and Quorum - The meeting was chaired by Board Chair Mike Covey and included key management members such as President and CEO Eric Cremers, CFO Wayne Wasechek, and General Counsel Michele Tyler [3]. - A quorum was established with a majority of the company's voting power represented, as there were 77,416,980 shares of common stock outstanding as of the record date [5]. Proposals Presented to Stockholders - Three proposals were outlined in the proxy statement, with the third proposal regarding adjournment deemed unnecessary if the merger agreement was approved [6]. Voting Results - The merger proposal to merge PotlatchDeltic into Redwood Merger Sub LLC, a Rayonier subsidiary, was approved by shareholders [7]. - An advisory vote on merger-related executive compensation was rejected, receiving over 70% negative votes from shares represented at the meeting [7].