How Bloomquist was paid
$5.1M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Pension | Other | Total |
|---|---|---|---|---|---|---|
| De Lyle BloomquistFormer President and Chief Executive Officer | $1,000,000 | $2,649,975 | $1,363,438 | $125,160 | $5,138,573 | $5,138,573 |
| Marcus J. MoeltnerChief Financial Officer and Senior Vice President, Finance | $520,000 | $634,040 | $477,569 | $56,823 | $1,688,432 | $1,688,432 |
| Joshua C. HicksFormer Senior Vice President, High Purity Cellulose | $535,000 | $596,732 | $256,515 | $62,970 | $1,451,217 | $1,451,217 |
| R. Colby SlaughterSenior Vice President, General Counsel and Corporate Secretary | $420,000 | $335,677 | $242,613 | $44,513 | $1,042,803 | $1,042,803 |
| Michael OsborneVice President, Manufacturing Operations | $435,000 | $335,677 | $157,000 | $45,826 | $973,503 | $973,503 |
What changed and why
- $423MLoss from continuing operations for 2025 was $423 million compared to $42 million in the prior year.
- $133MAdjusted EBITDA declined 40% to $133 million resulting in no bonuses paid on these objectives.
- Scott M. Sutton was appointed President and Chief Executive Officer effective January 2026.
- The 2026 annual incentive program was approved tied exclusively to EBITDA and free cash flow.
- 98%Stockholders approved the prior say-on-pay proposal with approximately 98% of votes cast in favor.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.