Company: MATV
Filing Date: 2025-05-23
Form Type: 8-K
Source: 0001000623-25-000031
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Company: Mativ Holdings, Inc.
Filing Date: 2025-05-23
Form: 8-K
Item: Item 5.02
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Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Departure of Chief Human Resources and Communications Officer

On Friday, May 23, 2025, Mativ Holdings, Inc. (the “ Company”) announced that Michael W. Rickheim, the Company’s Chief Human Resources and Communications Officers, would depart from the Company, effective as of June 1, 2025 (the “ Effective Date”). For purposes of the Mativ Holdings, Inc. Executive Severance Plan (the “ Executive Severance Plan”), Mr. Rickheim’s departure will be treated as an involuntary termination without “cause”, and he will be entitled to receive the severance benefits described under the caption “ Termination that Does Not Qualify as a Change of Control Termination” in the Company’s Form 8-K, filed with the Securities and Exchange Commission on June 10, 2024.

In addition, in connection with his departure, the Company and Mr. Rickheim have entered into a Separation Agreement and General Waiver and Release (the “ Separation Agreement”) confirming the severance benefits and post-termination obligations pursuant to the Executive Severance Plan and the awards governing his outstanding equity awards, which includes a customary release of claims. The foregoing summary of the Separation Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Separation Agreement, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

One-Time Retention Awards