Company: MATV
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001140361-25-009899
Chunk: 12

Company: Mativ Holdings, Inc.
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 12
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 liners, specialty tapes, optical films and health care. From an execution approach, as we enter 2025, we are laser focused on profit growth, cash flow generation and reducing our debt and leverage. As such, in 2025, we expect to reduce overall capital spending while still investing for growth, be even more aggressive on our footprint efforts, continue to streamline the organization by reducing complexity in how we go to market and further reduce supply chain and manufacturing costs. These actions are targeted at reducing costs while simultaneously supporting and improving customer relationships. We are optimistic about what we can accomplish as we leverage our teams and commercial excellence best practices across the Company. Named Executive Officers For 2024, the Company’s Named Executive Officers (“NEOs”) were:

| • | Julie Schertell, Former President and Chief Executive Officer |

| • | Greg Weitzel, Chief Financial Officer |

| • | Mark W. Johnson, Chief Legal and Administrative Officer and Corporate Secretary |

| • | Michael W. Rickheim, Chief Human Resources and Communications Officer |

As previously disclosed, effective March 11, 2025, Shruti Singhal was appointed President and Chief Executive Officer, and Ms. Schertell departed the Company and stepped down from her role as a member of the Board. Please see “2025 CEO Transition” below for additional information regarding this transition.

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TABLE OF CONTENTS

Executive Compensation Philosophy The Compensation Committee of the Board (the “Committee”) which is responsible for overseeing the Company’s executive compensation program, believes that the Company’s executive compensation program should reward actions and behaviors that build a foundation for the long-term performance of the Company, while also rewarding achievement of short-term performance goals informed by the Company’s strategy. To align the Company’s executive compensation program with the Committee’s compensation philosophy, the Committee has adopted the following objectives and guiding principles: 2024 “Say on Pay”: Advisory Votes on Executive Compensation and Stockholder Engagement

| In 2024, in a non-binding advisory vote, the Board asked                                                                                                                                                                                                                                                                                                                                                                                                                                    
 the Company’s stockholders to indicate whether they approved the Company’s compensation program for its NEOs, as disclosed in the 2024 proxy statement (“say on pay”). At its 2024 Annual Meeting of Stockholders, the Company’s stockholders approved the compensation program for its NEOs, with approximately 97% of the votes cast in favor of the say on pay proposal, which was consistent with the support we received on average for the five previous say on pay proposals of 97