Clearwater Paper Corp
Close on Oct 19, 2026
- Market cap
- $299.57M
- P/E (TTM)
- –
- Dividend yield
- –
About Clearwater Paper
Paperboard Mills, SIC 2631
Clearwater Paper Corporation manufactures and supplies solid bleached sulfate paperboard packaging materials. The company focuses primarily on folding carton and food service applications, producing paperboard used in packaging for pharmaceuticals, cosmetics, premium retail goods, liquid packaging, cups, and paper plates. In addition to primary paperboard rolls, it provides custom sheeting and slitting services, alongside selling minor volumes of pulp to external buyers. Clearwater Paper sells its output mainly to independent packaging converters throughout North America, as well as to commercial printers and paper merchants.
The company operates manufacturing facilities and maintains all of its assets within the continental United States. It accounts for approximately 11% of North American paperboard production capacity and ranks among the region's five largest producers. Clearwater Paper's principal executive offices are located in Spokane, Washington.
Summary of the business section of Clearwater Paper's latest annual report, written by StockData.
Company profile
Company
- Legal name
- Clearwater Paper Corp
- Founded
- 2008
- Headquarters
- Spokane, WA
- Address
- 601 West Riverside Avenue, Suite 1100 99201
- Phone
- (509) 344-5900
- Website
- www.clearwaterpaper.com
- Employees
- 3,340, Dec 31, 2020
- Industry
- Paperboard Mills
- Incorporated in
- Delaware
- Fiscal year ends
- December 31
- Auditor
- KPMGLLP, Seattle, Washington
Stock & identifiers
- Ticker
- CLW
- Exchange
- NYSE
- Shares outstanding
- 16M, Jul 27, 2026
- Public float
- $427.70M, Jun 30, 2025
- Filer category
- Accelerated filer
- Stock splits
- 2-for-1, Aug 29, 2011; 2-for-1, Jul 28, 2011
- SEC CIK
- 1441236
- CUSIP
- 18538R103
- ISIN
- US18538R1032
- LEI
- 549300HCVV19GXN4P292
- EIN
- 20-3594554
Executives and directors
Officers and directors who filed ownership reports (Forms 3, 4, 5) in the last two years
| Name | Position | Shares owned |
|---|---|---|
| Sherri Baker | SVP, CFO | 40,847 |
| Marc D. Rome | SVP, Gen. Counsel & Corp. Sec. | 18,874 |
| Arsen S. Kitch | President, CEO | 403,029 |
| Mathew D. Passarello | Sr. V.P. | 26,214 |
| Steve M. Bowden | Sr. V.P. | 80,307 |
| Virginia L. Aulin | Senior Vice President | 12,919 |
| Sean M. Krajnik | Senior Vice President | 25,600 |
| Rebecca Anne Barckley | VP, Controller | 20,223 |
| Kari G. Moyes | SVP, HR | 81,439 |
| Michael J. Urlick | Sr. V.P. | 31,163 |
| Michael S. Gadd | SVP, GC, Corp Secretary | 94,445 |
| Jeanne M. Hillman | Director | 0 |
| Alexander Toeldte | Director | 0 |
| Joe W. Laymon | Director | 4,355 |
| John P. O'Donnell | Director | 0 |
| John J. Corkrean | Director | 0 |
| Ann C. Nelson | Director | 3,000 |
| Tucker Christine M. Vickers | Director | 0 |
CEO pay and shareholder return
Pay versus performance table from the proxy statement
| Fiscal year | CEO total pay | CEO pay actually paid | Other executives (avg) | Value of $100 invested | Peer group |
|---|---|---|---|---|---|
| FY2025 Arsen S. Kitch | $5.20M | $2.21M | $1.26M | $46 | $139 |
| FY2024 Arsen S. Kitch | $5.97M | -$466.08K | $1.49M | $79 | $127 |
| FY2024 Arsen S.Kitch | $5.97M | -$466.08K | $1.49M | $79 | $127 |
| FY2023 Arsen S. Kitch | $5.29M | $4.89M | $1.14M | $96 | $116 |
| FY2023 Arsen S.Kitch | $5.29M | $4.89M | $1.14M | $96 | $116 |
| FY2022 Arsen S. Kitch | $4.69M | $8.04M | $1.49M | $100 | $98 |
“Actually paid” adjusts reported pay for changes in the value of equity awards. Shareholder return assumes $100 invested at the start of the measurement period, as disclosed by the company.
Employees
Headcount reported in annual reports
“As of December 31, 2020, we had approximately 3,340 employees, of which approximately 1,524 of our workforce was covered under collective bargaining agreements.”
Corporate history
Events identified from SEC filings
| Date | Event | Details |
|---|---|---|
| Nov 1, 2024 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| May 1, 2024 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Jun 4, 2013 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Apr 29, 2011 | Merger | Registration of securities for a merger or exchange offer (S-4) |
| Mar 11, 2011 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Dec 28, 2010 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Dec 18, 2008 | Acquisition / sale | Completion of acquisition or disposition of assets (8-K Item 2.01) |
| Dec 4, 2008 | Listing | Registration of securities on an exchange (Form 8-A) |
| Nov 28, 2008 | Name change | Name changed from Potlatch Forest Products CORP to Clearwater Paper Corp |
| Aug 1, 2008 | Spin-off | Registration as a new public company (Form 10), e.g. spin-off |