Potlatch Stockholders Approve Rayonier Merger, Reject Executive Pay Plan

Potlatch stockholders approved the merger with Rayonier, adopting the Agreement and Plan of Merger. However, the non-binding proposal to approve merger-related executive compensation was rejected with over 70% negative votes. The inspector's final report and meeting minutes will be filed within four business days. The merger proposal passed, making an adjournment vote unnecessary.