Company: MATV
Filing Date: 2025-03-11
Form Type: 8-K
Source: 0001193125-25-052044
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Company: Mativ Holdings, Inc.
Filing Date: 2025-03-11
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.  

Appointment of Chief Executive Officer

On March 11, 2025, Mativ Holdings, Inc. (the “ Company”) appointed Shruti Singhal as its President and Chief Executive Officer, effective as of March 11, 2025 (the “ Effective Date”). Mr. Singhal will succeed Julie Schertell in her role as President and Chief Executive Officer as of the Effective Date. Mr. Singhal will continue to serve on the Company’s Board of Directors.

Mr. Singhal most recently served as the President and CEO of Galata Chemicals, a leading producer and supplier of PVC and Polyolefin Additives, serving many industries worldwide. Prior to joining Galata Chemicals in 2024, Mr. Singhal previously served as President and CEO of Chroma Color Corporation (an Arsenal Capital Partners company) from 2021 to 2024, a leading formulator, and specialty color and additive concentrates supplier. Prior to joining Chroma Color, Shruti served as President for DSM’s Engineering Materials business from 2018 to 2021. He received a bachelor’s degree in chemical engineering and a master’s degree in chemical engineering from Drexel University. He also completed the Global Marketing Management Program at The Wharton School at the University of Pennsylvania.

In connection with Mr. Singhal’s appointment as President and Chief Executive Officer, Mr. Singhal and the Company entered into an offer letter, pursuant to which Mr. Singhal will receive a monthly cash stipend of $110,000. Mr. Singhal will also receive an equity award under the Mativ Holdings, Inc. 2024 Equity Incentive Plan with a grant date value equal to $2,100,000 subject to a one-yearcliff vesting requirement. The offer letter also contains customary employment terms and conditions.

The foregoing description of Mr. Singhal’s offer letter in this Item 5.02 is qualified in its entirety by reference to the full text of the offer letter, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

As a result of and in connection with Mr. Singhal’s appointment as President and Chief Executive Officer, he resigned from the Compensation Committee and the Nominating & Governance Committee as of the Effective Date. The Board of Directors of the Company appointed Marco Levi to replace Mr.