RYN Rayonier Inc

Rayonier (NYSE:RYN) hosted its Annual Meeting of Shareholders today at 4 p.m. in Jacksonville, Fla.

At the meeting, the following directors were re-elected to the board for three-year terms, expiring in 2013:

- C. David Brown, II

- Governor John E. (Jeb) Bush

- Lee M. Thomas

In addition, Paul G. Kirk, Jr., who resigned from the Rayonier board in September 2009 to serve an interim United States Senate term, was today elected to the board by the shareholders for a term expiring in 2011. Kirk had been reappointed to the board in March 2010, following the expiration of his Senate term.

The company also reported that amendments to the company’s Amended and Restated Articles of Incorporation to increase the number of authorized common shares and to the Rayonier Incentive Stock Plan were approved by the shareholders. Deloitte & Touche LLP, which has served the company since 2002, was ratified as the company’s independent registered public accounting firm.

About Rayonier

Rayonier is a leading international forest products company with three core businesses: Timber, Real Estate and Performance Fibers. The company owns, leases or manages 2.5 million acres of timber and land in the United States and New Zealand. The company’s holdings include approximately 200,000 acres with residential and commercial development potential along the fast-growing Interstate 95 corridor between Savannah, Ga., and Daytona Beach, Fla. Its Performance Fibers business is one of the world’s leading producers of high-value specialty cellulose fibers. Approximately 45 percent of the company’s sales are outside the U.S. to customers in approximately 40 countries. Rayonier is structured as a real estate investment trust. More information is available at www.rayonier.com.

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