Louisiana-Pacific (LPX) Proxy filing summary

Executive summary

• Annual meeting scheduled for May 1, 2026, to be held virtually; record date is March 3, 2026.

• Key agenda items: election of three Class II directors, ratification of Deloitte & Touche LLP as auditor, and advisory approval of executive compensation.

• Siding business achieved 8% net sales growth and 26% adjusted EBITDA margin in 2025; $139M returned to stockholders via dividends and buybacks.

• Forward-looking statements caution actual results may differ due to various risks.

Voting matters and shareholder proposals

• Board recommends voting FOR all three proposals: director elections, auditor ratification, and say-on-pay.

• Shareholders can vote online, by mail, by phone, or during the meeting.

• Proposals require a majority of votes cast for approval.

• Shareholder proposals for the 2027 meeting must be submitted by November 20, 2026.

Board of directors and corporate governance

• Board will reduce to eight members after two retirements at the 2026 meeting.

• Nine of ten current directors are independent; all committees except Executive are fully independent.

• Board leadership structure separates CEO and Chairperson roles; F. Nicholas Grasberger III is independent Chairperson.

• Annual board and committee self-evaluations, director stock ownership guidelines, and mandatory retirement at age 75.

• Board diversity: 50% diverse by race/ethnicity or gender; 62.5% of directors aged 55-65.