Company: MATV
Filing Date: 2025-03-21
Form Type: DEF 14A
Source: 0001140361-25-009899
Chunk: 44

Company: Mativ Holdings, Inc.
Filing Date: 2025-03-21
Form: DEF 14A
Chunk 44
---
 Mr. Singhal - 0; Mr. Stipancich – 0; Mr. Thene - 0; and Mr. Warlick - 26,644. These totals also include accumulated dividends on stock units. |

| (3) | Mr. Keenan resigned from the Board effective June 12, 2024. |

| (4) | Mr. Stipancich was appointed to the Board effective June 13, 2024. |

| (5) | Mr. Thene retired from the Board effective April 24, 2024. |

| (6) | Mr. Warlick resigned from the Board effective December 31, 2024. |

41

TABLE OF CONTENTS U.S. directors may elect to defer all or part of their compensation to the Deferred Compensation Plan No. 2 for Non-Employee Directors, a non-qualified, deferred compensation plan established in 2005 to allow participants to defer receipt of compensation and payment of certain federal and state income taxes. Each participating director has an individual deferral account that is credited with cash or stock units, which include accumulated dividends, with stock units credited under the plan to be settled in shares of Common Stock. Cash credits accrue market-based investment earnings. The stock units do not have any voting rights. Because of regulatory changes, Deferred Compensation Plan No. 2 replaced the Deferred Compensation Plan for Non-Employee Directors in effect from 2000 to 2004, which operated in a similar manner. The earlier plan was frozen as of December 31, 2004 to stop the accrual of additional unvested benefits, other than market-based investment earnings or losses on individual account balances as of that date. The Company provides no guaranty of repayment of the principal amount deferred or of any earnings on the participants’ account balances in either plan. 42

TABLE OF CONTENTS

CORPORATE GOVERNANCE We maintain accountability through our corporate governance policies and practices. Below are highlights of these policies and practices:

| •Director skills and experience cover a well-rounded range of topics and issues 
 •All directors are independent except CEO                                       
 •Majority vote resignation policy for directors                                 
 •Annual Board and committee evaluations                                         
 •Regular executive sessions of independent directors                            
 •Executive officer and non-employee director stock ownership guidelines         
 •No stockholder rights plan                                                     
 •Active oversight of enterprise risk management                                 |     | •Directors are not eligible for reelection after