RAYONIER ADVANCED MATERIALS INC.

Rayonier Advanced Materials Inc. announced that R. Colby Slaughter, Senior Vice President, General Counsel, and Corporate Secretary, has resigned from his position. His resignation is effective August 7, 2026, as he departs to pursue another professional opportunity.

Rayonier Advanced Materials Inc. has appointed Daniel M. Krawczyk as its new Chief Executive Officer and President, effective June 22, 2026. Mr. Krawczyk will also join the Board of Directors as a Class III director. He brings extensive experience from Huber Engineered Materials, where he led growth and operational transformation. His compensation package includes a $1,000,000 annual base salary, a target 100% bonus, $3,300,000 in long-term incentives, a $750,000 sign-on bonus, and a $1,750,000 inducement award of leveraged performance units. The company emphasized that his appointment will further sharpen the focus on both business operations and the ongoing strategic review.

Rayonier Advanced Materials Inc. announced the election of Julie A. Dill as Non-Executive Chair of its Board of Directors, effective May 14, 2026. Ms. Dill, a current board member since 2018, succeeds Lisa M. Palumbo, who will continue to serve as an independent director. The company highlighted Ms. Dill's extensive leadership experience across various sectors and her background in finance, investor relations, and operations, emphasizing the Board's commitment to strong corporate governance and succession planning.

Rayonier Advanced Materials reported a net loss attributable to RYAM of $(81.6) million, or $(1.22) per common share, for the first quarter of 2026, a significant increase from the $(32.0) million loss in Q1 2025. Net sales decreased to $319.1 million from $352.6 million year-over-year. The company incurred $40.9 million in charges related to the permanent idling of its Temiscaming HPC plant and reorganized its segment structure.

Rayonier Advanced Materials Inc. reported a net loss of $81 million for the first quarter of 2026, a significant decline from the prior year, on net sales of $319 million. The loss includes a $41 million non-cash charge related to the permanent idling of dissolving wood pulp production at its Temiscaming HPC plant. Despite the financial declines, the company generated $12 million in adjusted free cash flow and is conducting a strategic review to maximize shareholder value, while maintaining expectations for full-year EBITDA above 2025 levels and positive free cash flow.

Scott M. Sutton has resigned from his position as a member of the Board of Directors of Rayonier Advanced Materials Inc., effective April 24, 2026. Concurrently, Mr. Sutton also withdrew his nomination as a director for the company's upcoming 2026 Annual Meeting of Stockholders. This change impacts the composition of the company's board.

Rayonier Advanced Materials Inc. announced the resignation of Scott M. Sutton as President and Chief Executive Officer, effective April 16, 2026. Following his departure, the Board of Directors established an interim Office of the Chief Executive Officer on April 19, 2026. This interim office consists of four current executives, with Marcus J. Moeltner, the Chief Financial Officer, designated as the interim principal executive officer to guide the company through this transition period.