PotlatchDeltic Corporation announced bylaws, R. Hunter Pierson, Jr., a Class II director, will be retiring from the Company?s Board of Directors (the ?Board?), effective December 31, 2023, following nearly five years of service as a member of the Board. In connection with the vacancy resulting from Mr. Pierson's retirement from the Board, on December 1, 2023, the Board determined to decrease the size of the Board from ten directors to nine directors, effective January 1, 2024. To assist the Board in rebalancing the classes of directors on the Board so that each class will be nearly as equal as possible, on December 1, 2023, James M. DeCosmo agreed to resign as a Class III director (with a term expiring in 2026) and become a Class II Director (with a term expiring in 2025), effective January 1, 2024.

The resignation of Mr. DeCosmo from Class III is being effected solely to rebalance the Board classes. In connection with these actions, on December 1, 2023, the Board determined that, effective January 1, 2024, the number of directors in each of Class I, Class II and Class III shall be three.