• Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
Quantisnow Logo
  • Live Feeds
    • Press Releases
    • Insider Trading
    • FDA Approvals
    • Analyst Ratings
    • Insider Trading
    • SEC filings
    • Market insights
  • Analyst Ratings
  • Alerts
  • Subscriptions
  • AI Executive AssistantNEW
  • Settings
  • RSS Feeds
PublishGo to AppAI Helper
    Quantisnow Logo

    © 2025 quantisnow.com
    Democratizing insights since 2022

    Services
    Live news feedsRSS FeedsAlertsPublish with Us
    Company
    AboutQuantisnow PlusContactJobsAI employees for your businessNEW
    Legal
    Terms of usePrivacy policyCookie policy

    SEC Form 11-K filed by Rayonier Advanced Materials Inc.

    6/23/25 4:13:15 PM ET
    $RYAM
    Paper
    Basic Materials
    Get the next $RYAM alert in real time by email
    11-K 1 a2024fernandinadcplan11-k.htm 11-K Document

    UNITED STATES
    SECURITIES AND EXCHANGE COMMISSION
    WASHINGTON, DC 20549



    FORM 11-K
    (Mark One):
    [ X ]    ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
    For the year ended December 31, 2024
    OR
    [ ]    TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
    For the transition period from __________ to __________

    COMMISSION FILE NUMBER 1-6780


    A.    Full title of the plan and the address of the plan, if different from that of the issuer named below:

    RYAM 401(k) Plan for Fernandina Hourly Employees


    B.    Name of the issuer of the securities held pursuant to the plan and the address of its principal executive office:

    Rayonier Advanced Materials Inc.
    1301 Riverplace Boulevard, Suite 2300
    Jacksonville, Florida 32207
    Telephone Number: (904) 357-4600



    RYAM 401(k) Plan for Fernandina Hourly Employees

    As of December 31, 2024 and 2023
    and for the Year Ended December 31, 2024

    Table of Contents
    Page
    Report of Independent Registered Public Accounting Firm
    1
    Financial Statements:
    Statements of Net Assets Available for Benefits
    2
    Statement of Changes in Net Assets Available for Benefits
    3
    Notes to Financial Statements
    4
    Supplemental Schedule:
    Schedule H, Line 4i: Schedule of Assets (Held at End of Year)
    10
    Signature
    11
    Exhibit Index
    12
    Note: All other schedules required by 29 CFR 2520.103-10 of the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974 have been omitted because they are not applicable.


    Table of Contents

    REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
    To the Plan Administrator and Participants of the
    RYAM 401(k) Plan for Fernandina Hourly Employees
    Jacksonville, Florida

    Opinion on the Financial Statements

    We have audited the accompanying statements of net assets available for benefits of the RYAM 401(k) Plan for Fernandina Hourly Employees (the “Plan”) as of December 31, 2024 and 2023, the related statement of changes in net assets available for benefits for the year ended December 31, 2024, and the related notes (collectively, the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2024 and 2023, and the changes in its net assets available for benefits for the year ended December 31, 2024, in conformity with accounting principles generally accepted in the United States of America.

    Basis for Opinion

    These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

    We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Plan is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Plan’s internal control over financial reporting. Accordingly, we express no such opinion.

    Our audits included performing procedures to assess the risk of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by the Plan’s management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

    Supplemental Information

    The supplemental information in the accompanying schedule of assets (held at end of year) as of December 31, 2024, has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements. The supplemental information is the responsibility of the Plan’s management. Our audit procedures included determining whether the supplemental information reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental information. In forming our opinion on the supplemental information, we evaluated whether the supplemental information, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974. In our opinion, the supplemental information is fairly stated, in all material respects, in relation to the financial statements as a whole.

    We have served as the Plan’s auditor since 2007.

    /s/ Ennis, Pellum & Associates, P.A.
    Jacksonville, Florida
    June 23, 2025
    1

    Table of Contents
    RYAM 401(k) Plan for Fernandina Hourly Employees

    Statements of Net Assets Available for Benefits
    December 31, 2024December 31, 2023
    Investments
    Investments, at fair value (Note 3)$16,285,119 $14,343,952 
    Investments, at contract value (Note 4)5,623,657 6,363,201 
    Total investments21,908,776 20,707,153 
    Receivables
    Notes receivable from participants950,110 818,810 
    Participant contributions36,443 28,060 
    Employer contributions13,175 9,056 
    Total receivables999,728 855,926 
    Liabilities
    Accrued expenses(2,337)(4,151)
    Net Assets Available for Benefits$22,906,167 $21,558,928 

    The accompanying notes are an integral part of these financial statements.

    2

    Table of Contents
    RYAM 401(k) Plan for Fernandina Hourly Employees

    Statement of Changes in Net Assets Available for Benefits

    Year Ended
    December 31, 2024
    Investment Income
    Net appreciation in fair value of investments$2,025,877 
    Interest and dividends419,110 
    Total investment income2,444,987 
    Additions to Net Assets
    Interest on notes receivable from participants66,960 
    Contributions:
    Participant contributions1,242,651 
    Employer contributions774,489 
    Rollover contributions4,998 
    Total contributions2,022,138 
    Total additions to net assets4,534,085 
    Deductions from Net Assets
    Distributions to participants(2,324,278)
    Administrative expenses(65,361)
    Total deductions from net assets(2,389,639)
    Net increase before transfers of assets from this plan2,144,446 
    Net transfers of assets from this plan (Note 1)(797,207)
    Net assets available for benefits:
    Beginning of year21,558,928 
    End of year$22,906,167 

    The accompanying notes are an integral part of these financial statements.

    3

    Table of Contents
    RYAM 401(k) Plan for Fernandina Hourly Employees

    Notes to Financial Statements

    1.Description of the Plan
    The following brief description of the RYAM 401(k) Plan for Fernandina Hourly Employees (formerly Rayonier Advanced Materials Inc. Fernandina Plant Savings Plan for Hourly Employees) (the “Plan”) is provided for general information purposes only. Participants should refer to the Plan document for a more complete description of the Plan’s provisions.
    General
    The Plan is a defined contribution plan covering all eligible hourly-paid bargaining unit employees of the Fernandina plant of Rayonier Advanced Materials Inc. (the “Company” or “Sponsor”). The Plan is subject to the provisions of the Employee Retirement Income Security Act of 1974 (“ERISA”). Employees are eligible to contribute to the Plan on the first day of the month following 120 days of service without interruption or the date on which one year of eligibility service is completed, whichever is earlier. Once eligible, participants are automatically enrolled to contribute 3% of their salary on a before-tax basis to their retirement account through automatic payroll deductions. The contribution rate will automatically increase by 1% following the year that salary deferrals to the Plan began. The automatic increase will stop once a participant reaches a 10% contribution rate. Employees have the option to decline automatic enrollment at any time.
    Fidelity Workplace Services LLC (“Fidelity”) serves as the record keeper and administers the Plan’s assets for the benefit of participants. Fidelity Management Trust Company serves as the trustee of the Plan’s investments in the trust.
    Contributions
    Participants may contribute up to 100 percent of eligible compensation, on a before-tax basis, after-tax basis or a combination thereof, subject to Internal Revenue Code (“IRC”) limitations.
    Effective September 1, 2019 and as a result of a new collective bargaining agreement covering Plan participants, the Company makes a matching contribution of 100 percent of the first three percent of each participant’s eligible compensation contributed to the Plan and 50 percent of the next three percent of the participant’s eligible compensation contributed to the Plan.
    The Company closed enrollment in its defined benefit pension plans to new employees hired or rehired after April 2006. Effective May 2006, eligible employees hired or rehired after April 2006 receive an enhanced retirement contribution in addition to the standard matching contribution, in accordance with the collective bargaining agreement. For the year ended December 31, 2024, the enhanced retirement contribution was $1,500 annually for each eligible employee.
    Each year, participants may contribute up to the maximum allowed by the IRC. In addition, the Plan allows for “catch-up” contributions by participants age 50 years and older as of the end of the Plan year. The Plan permits rollovers from other qualified plans into the Plan.
    Participant Accounts
    Each participant’s account is credited with the participant’s contributions and the related Company contributions. Plan earnings and losses are allocated to participant accounts based upon account balances. The benefit to which a participant is entitled is the benefit that can be provided from the participant’s vested balance.
    Vesting
    Participants are fully vested in their contributions as well as actual earnings/losses thereon. Participants vest in the Company contributions, enhanced retirement contributions and annual contributions at a rate of 20 percent per year of service. Full vesting occurs after five years of service.
    Forfeitures
    The balance of forfeited non-vested accounts may be used to reduce future employer contributions or to pay for administrative expenses related to the Plan. There were $41,751 in forfeitures for the year ended December 31, 2024. During 2024, $33,391 forfeitures were utilized to reduce employer contributions or pay for administrative expenses. An insignificant amount of income is earned on the funds held in this account. At December 31, 2024 and 2023, the balance in forfeited, non-vested account was $8,994 and $63, respectively, and remained available in the Fidelity Government Money Market.
    4

    Table of Contents
    RYAM 401(k) Plan for Fernandina Hourly Employees

    Notes to Financial Statements

    Transfers
    The Company maintains three defined contribution plans for its employees depending upon their employment status. If a participant changes employment status and is eligible to transfer into a different plan during the year, the participant can elect to transfer their account balance into the corresponding plan. The transfer is included in the “Net transfers of assets from this plan” line on the Statement of Changes in Net Assets Available for Benefits.
    Investment Options
    Participants direct the investment of their contributions into various investment options offered by the Plan, as listed in the accompanying schedule of assets held at the end of the year.
    Notes Receivable from Participants
    Participants may borrow a minimum of $1,000 from their individual accounts. Loan amounts may not exceed the lesser of (a) 50 percent of the participant’s vested balance or (b) $50,000 reduced by the participant’s highest outstanding loan balance, if any, during the prior one-year period. Participants may not have more than one loan outstanding at a time. Loan terms range from one to five years or up to twenty years for the purchase of a primary residence. The loans are secured by the balance in the participant’s account and bear interest at a rate determined by the plan administrator based on prevailing interest rates charged by lending institutions for loans which would be made under similar circumstances. Principal and interest are paid ratably through bi-weekly payroll deductions. Loan transactions are treated as transfers between the investment funds and the loan fund.
    Payment of Benefits and Withdrawals
    Plan benefits are payable to participants either at the time of termination or retirement, in the case of becoming disabled, or to their beneficiaries in the event of death, and are based on the fully vested balance of their account. Alternatively, a participant may elect to defer distribution until April 1 of the year following the participant’s attainment of age 73, provided the participant’s vested account balance exceeds $1,000. In the event of termination of employment before retirement, a participant’s account balance will be distributed in a lump sum, or if the balance exceeds $1,000, over future periods or deferred.
    Withdrawals may be made from the principal portion of a participant’s after-tax account balance contributed prior to October 2016. Withdrawals from before-tax account balances, after-tax balances contributed after October 2016 and earnings on after-tax account balances are allowable before attaining the age of 59 1/2 in the case of financial hardship. Existence of financial hardship is determined by Internal Revenue Service (“IRS”) criteria.
    2.Summary of Significant Accounting Policies
    Basis of Accounting
    The accompanying financial statements of the Plan are prepared under the accrual method of accounting in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”).
    Use of Estimates
    The preparation of the financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make certain estimates and assumptions that affect the reported amounts of net assets available for benefits and changes therein. Actual results could differ from those estimates.
    Investment Valuation and Income Recognition
    Investments are reported at fair value (except for fully-benefit responsive investment contracts, which are reported at contract value). Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The plan administrator determines the Plan’s valuation policies utilizing information provided by the investment advisers, custodians, and insurance company. See Note 3 - Fair Value Measurements for additional information.
    5

    Table of Contents
    RYAM 401(k) Plan for Fernandina Hourly Employees

    Notes to Financial Statements

    Purchases and sales of securities are recorded on a trade-date basis. Interest income is recorded on the accrual basis. Dividends are recorded on the ex-dividend date. Net appreciation (depreciation) in fair value of investments includes the Plan’s gains and losses on investments purchased and sold as well as held during the year.
    Notes Receivable from Participants
    Participant loans are recorded as “Notes receivable from participants” and measured at their unpaid principal balance plus any accrued but unpaid interest in the Statements of Net Assets Available for Benefits as of December 31, 2024 and 2023. No allowance for credit losses has been recorded as of December 31, 2024 and 2023. Delinquent participant loans are reclassified as distributions based upon the terms of the Plan document.
    Risks and Uncertainties
    The Plan invests in various investment securities. Investment securities are exposed to various risks such as interest rate, market and credit risks. Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect participants’ account balances and the amounts reported in the Statement of Net Assets Available for Benefits.
    Contributions
    Contributions from Plan participants and the matching contributions from the Employer are recorded in the year in which participant compensation is earned.
    Payment of Benefits
    Benefits are recorded when paid.
    Operating Expenses
    Certain expenses of maintaining the Plan are paid directly by the Plan, including various advisors and the Plan auditor. Other expenses may be paid by the Sponsor. Fees charged by the individual funds and participant specific expenses deducted from the participant’s balance are reflected as a component of the net appreciation in fair value of investments. Participant accounts are charged with an allocation of administrative expenses.
    Subsequent Events
    The Plan has evaluated events and transactions that occurred through the date the financial statements were issued and there were no items requiring disclosure herein.
    3.Fair Value Measurements
    Financial assets and liabilities disclosed in the financial statements on a recurring basis are recorded at fair value. Fair value is defined as the exchange price that would be received for an asset or paid to transfer a liability in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants at the measurement date (an exit price). The guidance establishes a three-level hierarchy that prioritizes the inputs used to measure fair value as follows:
    Level 1 -     Quoted prices in active markets for identical assets or liabilities.
    Level 2 -     Observable inputs other than quoted prices included in level one, such as quoted prices for similar assets and liabilities in active markets, quoted prices for identical or similar assets and liabilities in markets that are not active, or other inputs that are observable or can be corroborated by observable market data.
    Level 3 -     Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets or liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs.
    Following is a description of the valuation methodologies used for assets measured at fair value. There have been no changes in the methodologies used at December 31, 2024 and 2023.
    Common stock Valued at the closing price reported on the active market.
    6

    Table of Contents
    RYAM 401(k) Plan for Fernandina Hourly Employees

    Notes to Financial Statements

    Mutual funds and money market funds Valued at the daily closing price as reported by the fund. Mutual funds and money market funds held by the Plan are open-ended funds that are registered with the Securities and Exchange Commission and are actively traded. These funds are required to publish their daily net asset value (“NAV”) and to transact at that price.
    Collective trusts Valued using the NAV provided by the administrator of the fund. The NAV is based on the fair value of the underlying assets owned by the fund, less its liabilities, and then divided by the number of shares owned. The NAV is a quoted price in a market that is not active. These funds transact at their NAV. There are no restrictions in place with respect to the daily redemption of the collective trust funds. There are no unfunded commitments at December 31, 2024 and 2023.
    The following table sets forth by level, within the fair value hierarchy, the Plan’s investments at fair value, as of December 31, 2024:
    Asset CategoryLevel 1Level 2Level 3Total
    Rayonier Advanced Materials Inc. Common Stock$832,759 $— $— $832,759 
    Mutual Funds and Money Market Funds14,788,972 — — 14,788,972 
    Total assets in the fair value hierarchy$15,621,731 $— $— 15,621,731 
    Collective Trusts(a)
    663,388 
    Investments at Fair Value$16,285,119 

    The following table sets forth by level, within the fair value hierarchy, the Plan’s investments at fair value, as of December 31, 2023:
    Asset CategoryLevel 1Level 2Level 3Total
    Rayonier Advanced Materials Inc. Common Stock$420,278 $— $— $420,278 
    Mutual Funds and Money Market Funds13,297,936 — — 13,297,936 
    Total assets in the fair value hierarchy$13,718,214 $— $— 13,718,214 
    Collective Trusts(a)
    625,738 
    Investments at Fair Value$14,343,952 
    ___________________________
    (a) Certain investments that are measured at fair value using the NAV per share practical expedient have not been classified in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts presented in the Statements of Net Assets Available for Benefits.
    The methods described above may produce a fair value calculation that may not be indicative of net realizable value or reflective of future fair values. Furthermore, while the Company believes its valuation methods are appropriate and consistent with other market participants, the use of different methodologies or assumptions to determine the fair value of certain financial instruments could result in a different fair value measurement at the reporting date.
    4.Fully Benefit-Responsive Investment Contract
    The Plan holds a traditional investment contract that is fully benefit-responsive and, therefore, is reported at contract value. Contract value is the relevant measure for fully benefit-responsive investment contracts because this is the amount received by participants if they were to initiate permitted transactions under the terms of the Plan. Contract value represents contributions made under each contract, plus earnings, less participant withdrawals, and administrative expenses.
    7

    Table of Contents
    RYAM 401(k) Plan for Fernandina Hourly Employees

    Notes to Financial Statements

    The benefit-responsive investment contract with MassMutual is a separate account evergreen group annuity contract, or SAGIC. MassMutual maintains the contributions in a separate account. Specific securities within the general account are not attributed to the investment contract with the Plan. The Plan owns a series of guarantees that are embedded in the insurance contract. The contractual guarantees are backed up by the full faith and credit of MassMutual, the contract issuer, and in an instance of a shortfall in the separate account, claims would be against MassMutual’s general assets. The account is credited with earnings on the underlying investments and charged for participant withdrawals and administrative expenses. MassMutual is contractually obligated to repay the principal and a specified interest rate that is guaranteed to the Plan. There are no reserves against contract value for credit risk of the contract issuer or otherwise. The crediting interest rate is based on a formula agreed upon with the issuer. Such interest rates are reviewed on a quarterly basis for resetting. The Plan may terminate the contract with 30 days prior notice.
    Certain events limit the ability of the Plan to transact at contract value with the issuer. Such events include the following: (i) termination notice by the Company; (ii) amendments to the plan documents (including complete or partial plan termination or merger with another plan); (iii) notice of termination by MassMutual on the anniversary date; (iv) a breach of contract by the Plan; or (v) the failure of the trust to qualify for exemption from federal income taxes or any required prohibited transaction exemption under ERISA. The plan administrator does not believe that the occurrence of any such event, which would limit the Plan’s ability to transact at contract value with participants, is probable.
    5.Company Dividends
    The Plan did not receive any cash dividends on Rayonier Advanced Materials Inc. common stock owned during the year ended December 31, 2024 as the Company did not declare or pay dividends in 2024.
    6.Party-in-Interest Transactions
    Certain Plan investments are in Rayonier Advanced Materials Inc. common stock. As Rayonier Advanced Materials Inc. is the Sponsor, these transactions also qualify as party-in-interest transactions. At December 31, 2024 and 2023, the Plan held approximately 100,804 and 103,518 shares of Rayonier Advanced Materials Inc. common stock, respectively, which represented approximately 0.2 percent and 0.2 percent of the Company’s total shares outstanding, respectively.
    Fidelity serves as the Plan’s record keeper and provides certain administrative services to the Plan pursuant to a Main Services Agreement (“MSA”). Fidelity receives revenue from mutual fund service providers. This revenue is used to offset certain amounts owed for administrative services to the Plan. Accordingly, these transactions qualify as party-in-interest transactions.
    If the revenue received from such mutual fund service providers exceeds the amount owed under the agreements, the record keeper remits the excess to the Plan’s trust on a quarterly basis. Such amounts may be applied to pay Plan administrative expenses or allocated to the accounts of the participants. Certain expenses from plan service providers as described in Note 2 are paid by the Plan. Accordingly, these transactions qualify as party-in-interest transactions.
    The Plan issues notes to participants, which are secured by the balances in the participants’ accounts. These transactions qualify as party-in-interest transactions.
    7.Plan Termination
    Although it has not expressed any intent to do so, the Company has the right under the Plan to discontinue its contributions at any time and to terminate the Plan subject to the provisions of ERISA. In the event of Plan termination, participants will become 100 percent vested in their accounts.
    8.Tax Status
    The Plan has adopted a Non-Standardized Pre-Approved Profit Sharing Plan with CODA Plan Document. The Non-Standardized Pre-Approved Plan received a favorable opinion letter from the IRS dated June 30, 2020, stating that the form of this plan is designed in accordance with applicable sections of the IRC. Although the Plan has been amended since the date of the letter, the plan administrator and the Plan’s tax counsel believe the Plan is designed, and is currently being operated, in compliance with the applicable requirements of the IRC and, therefore, believe the Plan is qualified, and the related trust is tax-exempt.
    8

    Table of Contents
    RYAM 401(k) Plan for Fernandina Hourly Employees

    Notes to Financial Statements

    Accounting principles generally accepted in the United States of America require plan management to evaluate tax positions taken by the Plan and recognize a tax liability (or asset) if the Plan has taken an uncertain position that more likely than not would not be sustained upon examination by the IRS. The Plan is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress.
    9.Concentration of Investments
    The Plan is concentrated in the following investments as of December 31, 2024 and 2023.
    InvestmentDescriptionDecember 31, 2024December 31, 2023
    MassMutual Stable Value CoreGuaranteed Interest Account25 %30 %
    10.Reconciliation of Financial Statements to Form 5500
    The following table is a reconciliation of net assets available for benefits according to the financial statements as compared to Form 5500 as of December 31, 2024 and 2023.
    December 31, 2024
    Net assets available for benefits per the financial statements$22,906,167 
    Accrued expenses2,337 
    Less: Contributions receivable(49,618)
    Net assets available for benefits per Form 5500$22,858,886 
    December 31, 2023
    Net assets available for benefits per the financial statements$21,558,928 
    Accrued expenses4,151 
    Less: Contributions receivable(37,116)
    Net assets available for benefits per Form 5500$21,525,963 
    The following table is a reconciliation of changes in net assets available for benefits according to the financial statements as compared to Form 5500 for the year ended December 31, 2024.
    Year Ended
    December 31, 2024
    Increase in net assets available for benefits before transfers per the financial statements$2,144,446 
    Change in accrued expenses(1,814)
    Change in contributions receivable(12,502)
    Net income per Form 5500$2,130,130 
    9

    Table of Contents
    RYAM 401(k) Plan for Fernandina Hourly Employees
    Schedule H, Line 4i: Schedule of Assets (Held at End of Year)
    As of December 31, 2024

    Plan Number 034
    Employer Identification Number 46-4559529

    (a)(b) Identity of Issue(c) Description(d) Cost(e) Current Value
    MassMutualMassMutual Stable Value Core(1)$5,623,657 
    BlackRockBlackRock LifePath Index 2035 Fund(1)2,042,290 
    BlackRockLifePath Index Retirement Fund(1)1,999,746 
    *FidelityFidelity 500 Index(1)1,990,583 
    BlackRockBlackRock LifePath Index 2040 Fund(1)1,931,214 
    BlackRockBlackRock LifePath Index 2030 Fund(1)1,745,158 
    BlackRockBlackRock LifePath Index 2050 Fund(1)1,038,888 
    American FundsAmerican Funds Growth Fund of America(1)1,016,970 
    BlackRockBlackRock LifePath Index 2055 Fund(1)952,084 
    BlackRockBlackRock LifePath Index 2045 Fund(1)764,287 
    BlackRockBlackRock LifePath Index 2060 Fund(1)361,784 
    BlackRockBlackRock LifePath Index 2065 Fund(1)301,448 
    *FidelityFidelity Small Cap Index Fund(1)154,295 
    Great GraySmall Cap Growth Fund Class I1(1)146,489 
    *FidelityFidelity U.S. Bond Index Fund(1)143,358 
    *FidelityFidelity Mid Cap Index Fund(1)141,845 
    Great GraySmall Cap Value Fund III Class I1(1)128,646 
    *FidelityFidelity International Index Fund(1)122,384 
    Great GrayMid Cap Growth Fund II Class I1(1)102,324 
    Great GrayLord Abbett Core Bond(1)90,830 
    Great GrayGreat Gray Europacific Growth Trust Class I1(1)80,050 
    PIMCOPIMCO Income Institutional(1)70,201 
    Great GrayLarge Cap Value Fund II Class I1(1)61,570 
    Great GrayMid Cap Value Fund Class I1(1)53,479 
    *FidelityFidelity Government Money Market Fund(1)12,437 
    *Common StockRayonier Advanced Materials Inc. Common Stock(1)832,759 
    *Participant LoansParticipant Loans**N/A950,110 
    $22,858,886 
    *Denotes exempt party-in-interest transaction.
    **These loans bear fixed interest rates of 4.25 percent to 9.50 percent with maturities through September 6, 2039.
    (1)Investments are participant directed, thus cost information is not required.
    See Independent Auditors’ Report.

    10

    Table of Contents
    Signature

    Pursuant to the requirements of the Securities Exchange Act of 1934, the Pension and Saving Plan Committee for the RYAM 401(k) Plan for Fernandina Hourly Employees has duly caused this annual report to be signed on its behalf by the undersigned hereunto duly authorized.
    RYAM 401(k) Plan for Fernandina Hourly Employees
    (Name of Plan)
    /s/ JAMES L POSZE
    James L Posze
    Plan Administrator

    Date: June 23, 2025
    11

    Table of Contents
    Exhibit Index

    Exhibit No.DescriptionLocation
    23
    Consent of Independent Registered Public Accounting FirmFiled herewith

    12
    Get the next $RYAM alert in real time by email

    Crush Q3 2025 with the Best AI Executive Assistant

    Stay ahead of the competition with Tailforce.ai - your AI-powered business intelligence partner.

    AI-Powered Inbox
    Context-aware email replies
    Strategic Decision Support
    Get Started with Tailforce.ai

    Recent Analyst Ratings for
    $RYAM

    DatePrice TargetRatingAnalyst
    5/11/2023$7.00Sector Perform → Outperform
    RBC Capital Mkts
    1/10/2023$9.00 → $8.00Outperform → Sector Perform
    RBC Capital Mkts
    7/18/2022$6.00 → $5.00Sector Perform → Outperform
    RBC Capital Mkts
    4/7/2022$8.00 → $6.00Outperform → Sector Perform
    RBC Capital Mkts
    12/15/2021$9.50 → $6.50Buy → Underperform
    BofA Securities
    8/5/2021$9.00 → $10.00Sector Perform → Outperform
    RBC Capital
    More analyst ratings

    $RYAM
    Analyst Ratings

    Analyst ratings in real time. Analyst ratings have a very high impact on the underlying stock. See them live in this feed.

    See more
    • Rayonier Adv. Materials upgraded by RBC Capital Mkts with a new price target

      RBC Capital Mkts upgraded Rayonier Adv. Materials from Sector Perform to Outperform and set a new price target of $7.00

      5/11/23 6:52:09 AM ET
      $RYAM
      Paper
      Basic Materials
    • Rayonier Adv. Materials downgraded by RBC Capital Mkts with a new price target

      RBC Capital Mkts downgraded Rayonier Adv. Materials from Outperform to Sector Perform and set a new price target of $8.00 from $9.00 previously

      1/10/23 8:20:07 AM ET
      $RYAM
      Paper
      Basic Materials
    • Rayonier Adv. Materials upgraded by RBC Capital Mkts with a new price target

      RBC Capital Mkts upgraded Rayonier Adv. Materials from Sector Perform to Outperform and set a new price target of $5.00 from $6.00 previously

      7/18/22 7:34:27 AM ET
      $RYAM
      Paper
      Basic Materials

    $RYAM
    Insider Purchases

    Insider purchases reveal critical bullish sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • President and CEO Bloomquist Delyle W bought $249,879 worth of shares (63,291 units at $3.95), increasing direct ownership by 15% to 486,024 units (SEC Form 4)

      4 - RAYONIER ADVANCED MATERIALS INC. (0001597672) (Issuer)

      5/20/25 9:39:20 AM ET
      $RYAM
      Paper
      Basic Materials
    • Director Bowen Eric bought $100,500 worth of shares (12,500 units at $8.04) (SEC Form 4)

      4 - RAYONIER ADVANCED MATERIALS INC. (0001597672) (Issuer)

      12/16/24 12:02:46 PM ET
      $RYAM
      Paper
      Basic Materials

    $RYAM
    Insider Trading

    Insider transactions reveal critical sentiment about the company from key stakeholders. See them live in this feed.

    See more
    • President and CEO Bloomquist Delyle W bought $249,879 worth of shares (63,291 units at $3.95), increasing direct ownership by 15% to 486,024 units (SEC Form 4)

      4 - RAYONIER ADVANCED MATERIALS INC. (0001597672) (Issuer)

      5/20/25 9:39:20 AM ET
      $RYAM
      Paper
      Basic Materials
    • Director Yokley Bryan D converted options into 16,429 shares, increasing direct ownership by 80% to 36,952 units (SEC Form 4)

      4 - RAYONIER ADVANCED MATERIALS INC. (0001597672) (Issuer)

      5/16/25 10:54:44 AM ET
      $RYAM
      Paper
      Basic Materials
    • Director Bowen Eric converted options into 10,646 shares, increasing direct ownership by 85% to 23,146 units (SEC Form 4)

      4 - RAYONIER ADVANCED MATERIALS INC. (0001597672) (Issuer)

      5/16/25 10:54:35 AM ET
      $RYAM
      Paper
      Basic Materials

    $RYAM
    Press Releases

    Fastest customizable press release news feed in the world

    See more
    • Ortelius Director Nominees Release Joint Letter to Brookdale Stockholders

      Ortelius Nominees Believe Brookdale Offers a Tremendous Value Creation Opportunity Under a Renewed Board and New Strategic Roadmap Six Highly Qualified and Independent Nominees Will Act with Urgency, Integrity, and Transparency to Increase Value for Stockholders Brookdale Stockholders are Urged to Vote the WHITE Proxy Card FOR all Six Ortelius Nominees Ortelius Advisors, L.P. ("Ortelius") today announced that the six highly qualified individuals nominated by Ortelius for election to the Board of Directors (the "Board") of Brookdale Senior Living Inc. (NYSE:BKD) ("Brookdale" or the "Company") at the upcoming 2025 Annual Meeting of Stockholders released a joint letter to Brookdale stock

      7/3/25 8:00:00 AM ET
      $BKD
      $GMRE
      $NTST
      $OHI
      Hospital/Nursing Management
      Health Care
      Real Estate Investment Trusts
      Real Estate
    • RYAM and Verso Energy Sign New MoU to Advance e-SAF and CO₂ Utilization Project in Jesup, Georgia

      Rayonier Advanced Materials Inc. (NYSE:RYAM) (the "Company"), the global leader in High Purity Cellulose, and Verso Energy today announced the signing of a new Memorandum of Understanding (MoU) to deepen their strategic collaboration. The agreement represents a major step forward in evaluating the development of a breakthrough facility in Jesup, Georgia, to produce electro Sustainable Aviation Fuel (e-SAF) and valorize biogenic carbon dioxide from RYAM's manufacturing operations. This MoU builds on a foundational agreement signed in December 2024, broadening the scope of cooperation between the two companies and solidifying their commitment to industrial innovation and decarbonization. Th

      6/23/25 7:00:00 AM ET
      $RYAM
      Paper
      Basic Materials
    • RYAM to Present at 15th Annual East Coast IDEAS Investor Conference on June 11

      Rayonier Advanced Materials Inc. (NYSE:RYAM) (the "Company"), the global leader in High Purity Cellulose, today announced that Joshua Hicks, Senior Vice President, High Purity Cellulose, will deliver a presentation and host one-on-one investor meetings at the 15th Annual East Coast IDEAS Investor Conference on Wednesday, June 11, 2025, at The Westin Times Square in New York City. The group presentation is scheduled for 10:45 a.m. ET. A live webcast will be available through the conference host's website and the "Events" section of RYAM's investor relations webpage. About RYAM RYAM is a global leader of cellulose-based technologies, including cellulose specialties, a natural polymer co

      6/3/25 10:34:00 AM ET
      $RYAM
      Paper
      Basic Materials

    $RYAM
    SEC Filings

    See more
    • SEC Form 11-K filed by Rayonier Advanced Materials Inc.

      11-K - RAYONIER ADVANCED MATERIALS INC. (0001597672) (Filer)

      6/23/25 4:15:51 PM ET
      $RYAM
      Paper
      Basic Materials
    • SEC Form 11-K filed by Rayonier Advanced Materials Inc.

      11-K - RAYONIER ADVANCED MATERIALS INC. (0001597672) (Filer)

      6/23/25 4:15:12 PM ET
      $RYAM
      Paper
      Basic Materials
    • SEC Form 11-K filed by Rayonier Advanced Materials Inc.

      11-K - RAYONIER ADVANCED MATERIALS INC. (0001597672) (Filer)

      6/23/25 4:13:15 PM ET
      $RYAM
      Paper
      Basic Materials

    $RYAM
    Leadership Updates

    Live Leadership Updates

    See more
    • Ortelius Director Nominees Release Joint Letter to Brookdale Stockholders

      Ortelius Nominees Believe Brookdale Offers a Tremendous Value Creation Opportunity Under a Renewed Board and New Strategic Roadmap Six Highly Qualified and Independent Nominees Will Act with Urgency, Integrity, and Transparency to Increase Value for Stockholders Brookdale Stockholders are Urged to Vote the WHITE Proxy Card FOR all Six Ortelius Nominees Ortelius Advisors, L.P. ("Ortelius") today announced that the six highly qualified individuals nominated by Ortelius for election to the Board of Directors (the "Board") of Brookdale Senior Living Inc. (NYSE:BKD) ("Brookdale" or the "Company") at the upcoming 2025 Annual Meeting of Stockholders released a joint letter to Brookdale stock

      7/3/25 8:00:00 AM ET
      $BKD
      $GMRE
      $NTST
      $OHI
      Hospital/Nursing Management
      Health Care
      Real Estate Investment Trusts
      Real Estate
    • Rayonier Advanced Materials Appoints De Lyle W. Bloomquist as President and Chief Executive Officer

      Lisa M. Palumbo Named Non-Executive Chair of the Board Company Reaffirms Second Quarter and Full Year 2022 EBITDA Guidance Rayonier Advanced Materials Inc. (NYSE:RYAM) (the "Company") today announced that De Lyle W. Bloomquist has been appointed President and Chief Executive Officer of the Company, effective immediately. Mr. Bloomquist succeeds Vito J. Consiglio, who has stepped down as President and Chief Executive Officer of the Company, and as a member of the Company's Board of Directors (the "Board"), with the mutual agreement of the Board. In connection with Mr. Bloomquist's appointment, the Board named Lisa M. Palumbo as Non-Executive Chair of the Board. Mr. Bloomquist has served o

      5/31/22 6:55:00 AM ET
      $RYAM
      Paper
      Basic Materials
    • Rayonier Advanced Materials Announces Election of Vito J. Consiglio as President and CEO; Paul G. Boynton to Retire and Support Transition as Vice Chair

      Rayonier Advanced Materials Inc. (NYSE:RYAM) today announced that its Board of Directors elected Vito J. Consiglio to succeed Paul G. Boynton as President and Chief Executive Officer and Board member effective January 1, 2022. Mr. Boynton, who has served as President and CEO since the Company's spin-off in 2014, announced his decision to retire from the Company, and, as part of the leadership transition, he will assume the role of Vice Chair of the Board until the May 2022 Annual Meeting. "In 2021, the Board of Directors commenced an extensive and well-planned search for a CEO candidate with the expertise and ability to effectively capitalize on the Company's tremendous growth potential,"

      12/6/21 6:50:00 AM ET
      $RYAM
      Paper
      Basic Materials

    $RYAM
    Financials

    Live finance-specific insights

    See more
    • RYAM Reports First Quarter 2025 Results

      Long-Term Strategy and Outlook Remain Intact Net Sales for the quarter of $356 million, down $32 million from prior year quarter Net Loss for the quarter of $32 million, a $30 million decline from prior year quarter Adjusted EBITDA for the quarter of $17 million, inclusive of a $12 million non-cash environmental charge, down $35 million from prior year quarter Total Debt of $736 million and Net Secured Debt of $624 million with a covenant net secured leverage ratio of 2.9 times Cash Provided by Operating Activities for the quarter of $40 million; Adjusted Free Cash Flow generation of $10 million 2025 Adjusted EBITDA guidance of $175 million to $185 million 2025 Adjusted

      5/6/25 4:35:00 PM ET
      $RYAM
      Paper
      Basic Materials
    • RYAM Schedules First Quarter 2025 Earnings Release

      Rayonier Advanced Materials (NYSE:RYAM) plans to release its first quarter 2025 earnings on Tuesday, May 6, 2025, after the market closes. RYAM will host a conference call and live webcast at 9:00 a.m. ET on Wednesday, May 7, 2025, to discuss these results. Supplemental materials and access to the live audio webcast will be available at www.RYAM.com. A replay of this webcast will be archived on the company's website shortly after the call. Investors may listen to the conference call by dialing 877-407-8293, no passcode required. For international parties, dial 201-689-8349. A replay of the teleconference will be available one hour after the call ends until 6:00 p.m. ET on May 21, 2025. Th

      4/28/25 3:29:00 PM ET
      $RYAM
      Paper
      Basic Materials
    • RYAM Announces Impressive Fourth Quarter and Full Year 2024 Results and Provides 2025 Guidance

      Net sales for 2024 of $1,630 million, down $13 million from the prior year Loss from continuing operations for 2024 of $42 million, a $60 million improvement over the prior year Adjusted EBITDA from continuing operations for 2024 of $222 million, up $83 million from the prior year Total debt of $730 million; Net Secured Debt of $625 million with a covenant net secured leverage ratio of 2.7 times Cash provided by operating activities in 2024 of $203 million; Adjusted Free Cash Flow generation of $128 million 2025 Adjusted EBITDA guidance of $215 million to $235 million 2025 Adjusted Free Cash Flow guidance $25 million to $45 million Rayonier Advanced Materials Inc. (NYSE:RYAM)

      3/5/25 5:19:00 PM ET
      $RYAM
      Paper
      Basic Materials

    $RYAM
    Large Ownership Changes

    This live feed shows all institutional transactions in real time.

    See more
    • SEC Form SC 13G/A filed by Rayonier Advanced Materials Inc. (Amendment)

      SC 13G/A - RAYONIER ADVANCED MATERIALS INC. (0001597672) (Subject)

      2/14/24 7:00:25 AM ET
      $RYAM
      Paper
      Basic Materials
    • SEC Form SC 13G/A filed by Rayonier Advanced Materials Inc. (Amendment)

      SC 13G/A - RAYONIER ADVANCED MATERIALS INC. (0001597672) (Subject)

      2/13/24 4:55:53 PM ET
      $RYAM
      Paper
      Basic Materials
    • SEC Form SC 13G/A filed by Rayonier Advanced Materials Inc. (Amendment)

      SC 13G/A - RAYONIER ADVANCED MATERIALS INC. (0001597672) (Subject)

      2/9/24 9:59:03 AM ET
      $RYAM
      Paper
      Basic Materials