Ty Silberhorn
LOUISIANA-PACIFICAbout Ty R. Silberhorn
Ty R. Silberhorn (age 57) is an independent director of Louisiana-Pacific (LPX), appointed February 6, 2025, serving in Class III with a term expiring at the 2027 Annual Meeting. He is CEO and President of Apogee Enterprises, Inc. (since January 2021) and previously held senior leadership roles over two decades at 3M. He holds a B.S. from Indiana University’s Kelley School of Business and an MBA from the University of Minnesota’s Carlson School of Management. Committees: Compensation Committee and Governance & Corporate Responsibility Committee. Independence: Board-determined independent under NYSE standards.
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| 3M Company | SVP, Transformation, Technology & Services | 2019–2020 | Enterprise transformation leadership across global operations |
| 3M Company | Multiple global business unit leadership roles (VP/GM across Safety & Industrial; Transportation & Electronics; Consumer) | 2001–2019 | Commercial, product, M&A, and operational efficiency leadership |
External Roles
| Organization | Role | Tenure | Notes |
|---|---|---|---|
| Apogee Enterprises, Inc. (NASDAQ: APOG) | Chief Executive Officer & President | Jan 2021–present | Architectural products; listed executive experience strengthens LP’s board operating expertise |
Board Governance
- Status and tenure: Independent Class III director; appointed Feb 6, 2025; term expires 2027 .
- Committees:
- Compensation Committee (member) .
- Governance & Corporate Responsibility Committee (member) .
- Board/committee meeting cadence (2024): Audit 6; Compensation 4; Governance 4; Executive 0 meetings .
- Attendance: In 2024, each then-serving director attended at least 75% of applicable meetings (Ty joined in 2025; individual attendance not yet disclosed) .
- Independence and leadership: LP reports 10 of 11 directors are independent; Lead Independent Director role held by Dustan E. McCoy; executive sessions each quarterly meeting .
Fixed Compensation (Director)
| Element | Amount/Terms | Notes |
|---|---|---|
| Annual Cash Retainer (non-employee directors) | $100,000 | Paid quarterly |
| Committee Chair Retainers | Audit $20,000; Compensation $20,000; Governance $15,000 | Paid quarterly (Ty is not a chair) |
| Lead Independent Director Retainer | $30,000 | Recognizes added responsibilities |
Policy context: Director cash retainer increased from $90,000 to $100,000 effective May 10, 2024; Lead Independent retainer from $25,000 to $30,000 .
Performance Compensation (Director equity)
| Instrument | Grant value | Vesting | Deferral/Other |
|---|---|---|---|
| Annual RSU grant | $140,000 grant-date fair value | Vests in full at earliest of: 1 year; death/disability/retirement; or change of control | Directors may defer into DSUs; DSUs accrue dividend equivalents and settle in shares upon distribution event |
Notes:
- Prior to May 10, 2024, annual director RSU grant was $135,000 .
- Directors can also exchange cash retainers for DSUs or defer cash retainers with interest (30-year U.S. Treasury rate) .
Other Directorships & Interlocks
| Company | Role | Committee roles | Interlocks/Conflicts disclosed |
|---|---|---|---|
| — | — | — | No related-person transactions or conflicts affecting independence disclosed for outside directors in 2024 |
Note: LP’s Related Party Transactions Policy requires Audit Committee review/approval of covered transactions; none required disclosure for 2024 .
Expertise & Qualifications
- Multi-sector operating leadership (sales/marketing, strategic planning, product development, M&A, operational efficiency) .
- Public company C-suite experience complements LP’s manufacturing/commercial focus .
- Education: B.S. (Indiana University Kelley), MBA (Minnesota Carlson) .
Equity Ownership
| Holder | Shares Beneficially Owned | % Outstanding | Pledged/Hedged | Ownership Guideline | Compliance Window |
|---|---|---|---|---|---|
| Ty R. Silberhorn | — (none disclosed as of Mar 10, 2025) | — | Hedging and pledging prohibited by policy | 5x annual cash retainer to be met within 5 years of joining the Board | Within 5-year accumulation period (appointed 2025) |
Policy references:
- Anti-hedging/anti-pledging policy applies to directors and executives (short sales, options, collars, swaps, exchange funds prohibited; pledging prohibited) .
- Director stock ownership guideline: outside directors must acquire and hold shares equal to 5x the cash retainer within five years .
Governance Assessment
Strengths
- Independent, recently appointed operating executive adds current market/operator perspective to Comp and Governance committees .
- LP board structure emphasizes independent oversight and regular executive sessions; clear committee charters and risk oversight delineation .
- No related-person transactions requiring disclosure in 2024; supports independence/conflict-free posture .
Watch items
- Ownership alignment: No beneficial LP share ownership disclosed at March 10, 2025; expect accumulation toward 5x retainer guideline over five years .
- Time commitments/overboarding: LP guidelines limit public-company board service for executives; as a sitting CEO, Mr. Silberhorn’s service at LP remains within policy (one other public-company board in addition to his employer) but should be monitored for workload as responsibilities evolve .
Shareholder sentiment signal
- 2025 Say-on-Pay approved with 58.545M for vs. 1.575M against; auditor ratification 62.646M for; indicates generally supportive governance/compensation environment .
Appendix: Committee Mandates (relevant to Ty’s assignments)
- Compensation Committee: Oversees executive pay strategy/design; retains independent consultant FW Cook; monitors pay-related risk and clawback policies .
- Governance & Corporate Responsibility Committee: Oversees governance policies, board composition, succession, sustainability, ethics/hotline, legal compliance, product quality, and ESG reporting .
No insider Form 4 activity for Mr. Silberhorn was disclosed in the proxy; monitor future Section 16 filings for ownership changes (not included in proxy).