Company: MATV
Filing Date: 2025-03-11
Form Type: 8-K
Source: 0001193125-25-052044
Chunk: 1

Company: Mativ Holdings, Inc.
Filing Date: 2025-03-11
Form: 8-K
Item: Item 5.02
Chunk 1
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 Singhal as the Chair of the Nominating & Governance Committee.

There are no arrangements or understandings between Mr. Singhal and any other person pursuant to which Mr. Singhal was appointed as President and Chief Executive Officer, and there are no family relationships between Mr. Singhal and any director or other executive officer of the Company, and he has no direct or indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K.

Departure of Former Chief Executive Officer and Director

Ms. Schertell departed the Company and stepped down from her role as a member of the Board of Directors of the Company on the Effective Date. For purposes of the Mativ Holdings, Inc. Executive Severance Plan (the “ Executive Severance Plan”), Ms. Schertell’s departure will be treated as an involuntary termination without “cause” and she 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 Form8-K, filed with the Securities and Exchange Commission on June 10, 2024.

In addition, in connection with her departure, the Company and Ms. Schertell 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 her 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 10.2 and incorporated herein by reference.

  Item 5.03      Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year.  

On March 11, 2025, the Board of Directors of the Company approved an amendment and restatement of the Company’s bylaws (as amended and restated, the “ Amended and Restated Bylaws”). The amendments eliminate the temporary governance provisions contemplated by the Agreement and Plan of Merger, dated March 28, 2022, which were otherwise set to expire immediately following the upcoming annual meeting of stockholders and are further described in the Company’s Current Report on Form8-Kfiled with the Securities and Exchange Commission on July 6, 2022. The Amended and Restated Bylaws became effective as of March 11,