Glatfelter Corp Files Definitive Proxy Statement

Ticker: MAGN · Form: DEF 14A · Filed: Mar 26, 2024 · CIK: 41719

Glatfelter CORP DEF 14A Filing Summary
FieldDetail
CompanyGlatfelter CORP (MAGN)
Form TypeDEF 14A
Filed DateMar 26, 2024
Risk Levellow
Pages15
Reading Time18 min
Key Dollar Amounts$1.4 billion, $1.4 b, $78.1 million, $93 million, $43.2 million
Sentimentneutral

Sentiment: neutral

Topics: DEF 14A, Proxy Statement, Glatfelter Corp, Corporate Governance, Shareholder Meeting

TL;DR

<b>Glatfelter Corp has filed its Definitive Proxy Statement for the period ending May 10, 2024.</b>

AI Summary

Glatfelter Corp (MAGN) filed a Proxy Statement (DEF 14A) with the SEC on March 26, 2024. Glatfelter Corp filed a Definitive Proxy Statement (DEF 14A) on March 26, 2024. The filing covers the period ending May 10, 2024. The company's fiscal year ends on December 31. Glatfelter Corp is classified under Standard Industrial Classification: PAPER MILLS [2621]. The company's business and mailing address is located in Charlotte, NC.

Why It Matters

For investors and stakeholders tracking Glatfelter Corp, this filing contains several important signals. This DEF 14A filing provides crucial information for shareholders ahead of the annual meeting, detailing executive compensation, board nominations, and other governance matters. Understanding the details within this proxy statement is essential for shareholders to make informed voting decisions on company proposals and director elections.

Risk Assessment

Risk Level: low — Glatfelter Corp shows low risk based on this filing. The filing is a routine DEF 14A, indicating standard corporate governance and disclosure practices without immediate financial or operational red flags.

Analyst Insight

Shareholders should review the executive compensation and director nominee sections to understand potential changes in leadership and pay structures.

Key Numbers

Key Players & Entities

FAQ

When did Glatfelter Corp file this DEF 14A?

Glatfelter Corp filed this Proxy Statement (DEF 14A) with the SEC on March 26, 2024.

What is a DEF 14A filing?

A DEF 14A is a definitive proxy statement sent to shareholders before annual meetings, covering executive compensation, board nominations, and shareholder votes. This particular DEF 14A was filed by Glatfelter Corp (MAGN).

Where can I read the original DEF 14A filing from Glatfelter Corp?

You can access the original filing directly on the SEC's EDGAR system. The filing is publicly available and includes all exhibits and attachments submitted by Glatfelter Corp.

What are the key takeaways from Glatfelter Corp's DEF 14A?

Glatfelter Corp filed this DEF 14A on March 26, 2024. Key takeaways: Glatfelter Corp filed a Definitive Proxy Statement (DEF 14A) on March 26, 2024.. The filing covers the period ending May 10, 2024.. The company's fiscal year ends on December 31..

Is Glatfelter Corp a risky investment based on this filing?

Based on this DEF 14A, Glatfelter Corp presents a relatively low-risk profile. The filing is a routine DEF 14A, indicating standard corporate governance and disclosure practices without immediate financial or operational red flags.

What should investors do after reading Glatfelter Corp's DEF 14A?

Shareholders should review the executive compensation and director nominee sections to understand potential changes in leadership and pay structures. The overall sentiment from this filing is neutral.

How does Glatfelter Corp compare to its industry peers?

Glatfelter Corp operates in the paper mills industry, a sector focused on the production of paper and paperboard products.

Are there regulatory concerns for Glatfelter Corp?

As a publicly traded company, Glatfelter Corp is subject to SEC regulations requiring the filing of proxy statements to ensure transparency in corporate governance and shareholder voting.

Industry Context

Glatfelter Corp operates in the paper mills industry, a sector focused on the production of paper and paperboard products.

Regulatory Implications

As a publicly traded company, Glatfelter Corp is subject to SEC regulations requiring the filing of proxy statements to ensure transparency in corporate governance and shareholder voting.

What Investors Should Do

  1. Review the detailed executive compensation packages outlined in the proxy statement.
  2. Examine the biographies and qualifications of director nominees.
  3. Understand the proposals being presented for shareholder vote and the board's recommendations.

Year-Over-Year Comparison

This is a DEF 14A filing, which is a standard disclosure document for public companies regarding their annual shareholder meetings.

Filing Stats: 4,409 words · 18 min read · ~15 pages · Grade level 14.6 · Accepted 2024-03-26 16:05:24

Key Financial Figures

Filing Documents

Security Ownership of Certain Beneficial Owners and Management

Security Ownership of Certain Beneficial Owners and Management 17 Equity Compensation Plan Information 19 D elinquent Section 16(a) Reports 19 CORPORATE GOVERNANCE AND BOARD OF DIRECTORS 20 Corporate Governance Principles 20 Board Composition and Leadership 20 Board Independence 20 Evaluation of Board Nominees 21 Resignation and Majority Voting Policy 21 Proxy Access 22 Board Meetings 22 Committees of the Board of Directors 22 Continuing Board Education 23 Board Self-Assessment 24 Risk Oversight 24 Director Compensation 25 ENHANCING EVERYDAY LIFE SUSTAINABLY 28 Environmental I mpact 28 Social R esponsibility 30 Governance and Ethic s 31 HUMAN CAPITAL MANAGEMENT 33

EXECUTIVE COMPENSATION

EXECUTIVE COMPENSATION 35 Compensation Discussion and Analysis 35 Report of the Compensation Committee 55 Summary Compensation Table 56 Grants of Plan-Based Awards 58 Outstanding Equity Awards 59 Options Exercised and Stock Vested 61 Retirement Benefits 62 Potential Payments Upon Termination or Change in Control 65 PAY VERSUS PERFORMANCE 70 CEO P AY RATIO 76 CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS 77 REPORT OF THE AUDIT COMMITTEE 78 FREQUENTLY ASKED QUESTIONS ("FAQs") 79 ADDITIONAL INFORMATION 85 Annual Report on Form 10-K 85 Other Business 85 "Householding" 85 2024 PROXY STATEMENT Proxy Summary This Proxy Summary highlights information explained more fully elsewhere in this proxy statement. We ask that you read the entire proxy statement before voting. Annual Meeting Information Time and Date: Friday, May 10, 2024 at 8:00 a.m. Eastern Time Place: Virtual Meeting www.virtualshareholdermeeting.com/GLT2024 Record Date: March 14, 2024 Voting: Shareholders of Glatfelter as of the Record Date are entitled to vote. Each share of Glatfelter common stock is entitled to one vote for each director nominee and one vote for each of the other proposals to be voted upon at the Annual Meeting. Proposals Requiring Your Vote Your vote is very important to us and our business. Please cast your vote immediately on all proposals to ensure your shares are represented. Board Recommendation Page 1 PROPOSAL 1 — Election of Directors 10 The seven director nominees possess the necessary qualifications and range of experience and expertise to provide effective oversight and advice to Management. FOR 2 PROPOSAL 2 — Ratification of Appointment of Independent Registered Public Accounting Firm 15 The Board, at the recommendation of the Audit Committee, approved the appointment of Deloitte & Touche LLP as the Company's independent auditor for fiscal year 2024. Shareholders are being asked to ratify the Audit Co

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