Mativ Holdings Announces Material Agreement & Officer Changes
Ticker: MATV · Form: 8-K · Filed: Dec 19, 2024 · CIK: 1000623
| Field | Detail |
|---|---|
| Company | Mativ Holdings, INC. (MATV) |
| Form Type | 8-K |
| Filed Date | Dec 19, 2024 |
| Risk Level | medium |
| Pages | 3 |
| Reading Time | 4 min |
| Key Dollar Amounts | $0.10, $1.793 billion, $504 million |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, officer-changes, director-changes, filing
TL;DR
Mativ inked a big deal & shuffled execs, filing shows.
AI Summary
Mativ Holdings, Inc. announced on December 17, 2024, the entry into a material definitive agreement. The company also reported the departure of directors or certain officers, the election of directors, and the appointment of certain officers, along with compensatory arrangements for these officers. Financial statements and exhibits were also filed as part of this report.
Why It Matters
This filing indicates significant corporate actions, including a new material agreement and changes in leadership, which could impact the company's strategic direction and financial performance.
Risk Assessment
Risk Level: medium — Changes in officers and directors, coupled with a material definitive agreement, can introduce uncertainty and potential shifts in business strategy.
Key Players & Entities
- Mativ Holdings, Inc. (company) — Registrant
- Delaware (jurisdiction) — State of incorporation
- 62-1612879 (tax_id) — I.R.S. Employer Identification No.
- 100 Kimball Place, Suite 600 (address) — Principal business address
- Alpharetta, Georgia 30009 (address) — City, State, and ZIP of principal business address
FAQ
What is the nature of the material definitive agreement entered into by Mativ Holdings, Inc.?
The filing states that Mativ Holdings, Inc. entered into a material definitive agreement on December 17, 2024, but the specific details of this agreement are not provided in the provided text.
Who are the specific officers or directors departing or being appointed?
The filing mentions the departure of directors or certain officers, the election of directors, and the appointment of certain officers, but does not name the individuals involved in these changes.
What are the compensatory arrangements for the newly appointed officers?
The filing indicates that compensatory arrangements for certain officers are being reported, but the specifics of these arrangements are not detailed in the provided text.
What financial statements and exhibits are being filed with this 8-K?
The filing lists 'Financial Statements and Exhibits' as an item information, but the content of these statements and exhibits is not included in the provided text.
When was Mativ Holdings, Inc. formerly known as Schweitzer Mauduit International Inc.?
The company formerly known as Schweitzer Mauduit International Inc. changed its name to Mativ Holdings, Inc. on September 14, 1995.
Filing Stats: 946 words · 4 min read · ~3 pages · Grade level 9.8 · Accepted 2024-12-19 07:30:59
Key Financial Figures
- $0.10 — nge on which registered Common Stock, $0.10 par value MATV New York Stock Excha
- $1.793 billion — Amendment (the "Amendment") to Mativ's $1.793 billion multicurrency credit agreement, dated a
- $504 million — ommitments in an aggregate amount up to $504 million in Sterling. Under the terms of the A
Filing Documents
- d903546d8k.htm (8-K) — 29KB
- d903546dex101.htm (EX-10.1) — 1157KB
- g903546dsp29.jpg (GRAPHIC) — 8KB
- 0001193125-24-281648.txt ( ) — 1587KB
- matv-20241217.xsd (EX-101.SCH) — 3KB
- matv-20241217_lab.xml (EX-101.LAB) — 18KB
- matv-20241217_pre.xml (EX-101.PRE) — 11KB
- d903546d8k_htm.xml (XML) — 4KB
Financial Statements and Exhibits
Financial Statements and Exhibits Exhibit No. Description of Exhibit 10.1* Eighth Amendment, effective as of December 17, 2024, to the Credit Agreement, dated as of September 25, 2018 (as amended as of February 9, 2021, March 8, 2021, April 20, 2021, February 22, 2022, May 6, 2022, June 5, 2023 and September 19, 2023), by and among Mativ Holdings, Inc. (f/k/a Schweitzer-Mauduit International, Inc.), Mativ Luxembourg (f/k/a SWM Luxembourg), the other loan parties party thereto, the lenders party thereto and JPMorgan Chase Bank, N.A., as administrative agent. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). * Certain schedules and exhibits have been omitted pursuant to Item 601(a)(5) of Regulation S-K. Mativ hereby undertakes to supplementally furnish copies of any omitted schedules and exhibits to the Securities and Exchange Commission upon request.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MATIV HOLDINGS, INC. (Registrant) By: /s/ Greg Weitzel Greg Weitzel Executive Vice President and Chief Financial Officer Dated: December 19, 2024