Louisiana-Pacific (LPX) Proxy Filing summary

Executive summary

• Achieved record Siding Solutions revenue growth of 17% in 2024, with consolidated net sales up 14% to $2.9B and net income rising to $420M, positioning for further investments in demand creation and capacity expansion.

• Returned $286M to stockholders through dividends and share repurchases, and generated $605M in operating cash flow.

• Maintains a purpose-driven mission focused on innovation, sustainability, and building resilient homes, with a vision to lead the building solutions industry.

Voting matters and shareholder proposals

• Stockholders will vote on the election of three Class I directors, ratification of Deloitte & Touche LLP as independent auditor for 2025, and a non-binding advisory vote on executive compensation.

• Board recommends voting FOR all proposals.

• Shareholders of record as of March 10, 2025, are eligible to vote, with multiple voting methods available.

Board of directors and corporate governance

• Board consists of 11 members, 10 of whom are independent; all standing committees are fully independent except the Executive Committee.

• New directors appointed in 2025, with board size to reduce to 10 after the annual meeting.

• Board diversity includes a mix of gender, age, and professional backgrounds, with strong emphasis on independence, effectiveness, and stockholder alignment.

• Annual board and committee self-evaluations, director stock ownership guidelines, and robust codes of conduct and ethics are in place.