Company: MATV
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001140361-25-009899
Chunk: 11

Company: Mativ Holdings, Inc.
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 11
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aws, a copy of which may be obtained from the Company’s Corporate Secretary. The notice of intent to nominate a candidate for the Board must satisfy the requirements described in the By-Laws and be received by the Company not less than 90 calendar days nor more than 120 calendar days before the first anniversary date of the preceding year’s annual meeting. The Company may require any proposed nominee to furnish such other information as may reasonably be required by the Company to determine the eligibility of such proposed nominee to serve as a director of the Company. Stockholders may recommend a director candidate for consideration by the Nominating & Governance Committee by notifying the Company’s Corporate Secretary in writing at Mativ Holdings, Inc., 100 Kimball Place, Suite 600, Alpharetta, Georgia 30009. The information that must be included in the notice and the procedures that must be followed (including the timeframe for submission) by a stockholder wishing to recommend a director candidate for the Nominating & Governance Committee’s consideration are the same as would be required under the By-Laws if the stockholder wished to nominate that candidate directly. 12

TABLE OF CONTENTS

EXECUTIVE COMPENSATION Compensation Discussion & Analysis Overview In 2024, we continued to make progress on strategic initiatives to drive long-term growth, with a focus on profit growth, cash flow generation and reducing our debt and leverage. As part of the organizational realignment initiative implemented during the first quarter of 2024, we reorganized into two new reportable segments: Filtration & Advanced Materials (FAM), focused primarily on filtration & netting, and advanced films categories, and Sustainable & Adhesive Solutions (SAS), focused primarily on tapes, labels & liners, paper & packaging, and healthcare categories. We believe this structure enables us to streamline organizational size and complexity, and leverage business critical resources to enhance customer support. In connection with this realignment, the Company engaged in a significant workforce reduction, which resulted in an overhead cost reduction of $20 million in 2024, and announced a second wave of savings to be unlocked by system integrations, further restructuring, and transactional efficiencies and which we expect will result in an additional $20 million savings by the end of 2026, effectively reducing overhead costs by approximately 15% over that timeframe. Looking ahead to 2025, we have a clear portfolio strategy with identified growth platforms and investments for the future, aligned with our strongest markets and customers. This includes investments in capacity and capabilities in filtration, release