Mativ Holdings, Inc. Announces Annual Meeting of Stockholders on April 24, 2024
Ticker: MATV · Form: DEF 14A · Filed: Mar 14, 2024 · CIK: 1000623
Sentiment: neutral
Topics: Mativ Holdings, Annual Meeting, Proxy Statement, Stockholders, Virtual Meeting
TL;DR
<b>Mativ Holdings, Inc. invites stockholders to its virtual Annual Meeting on April 24, 2024, to vote on board nominees and other key matters.</b>
AI Summary
Mativ Holdings, Inc. (MATV) filed a Proxy Statement (DEF 14A) with the SEC on March 14, 2024. Mativ Holdings, Inc. will hold its Annual Meeting of Stockholders on April 24, 2024, at 11:00 a.m. Eastern Time. The meeting will be conducted via live audio webcast in a virtual format at www.virtualshareholdermeeting.com/MATV2024. This is the second Annual Meeting since the merger of Schweitzer-Mauduit International, Inc. and Neenah, Inc. on July 6, 2022. Stockholders are encouraged to vote by proxy card, internet, or attend the virtual meeting. The proxy statement provides details on board nominees and matters to be voted on.
Why It Matters
For investors and stakeholders tracking Mativ Holdings, Inc., this filing contains several important signals. The virtual format allows for broader participation from stockholders regardless of location. The meeting is a crucial forum for shareholders to exercise their voting rights on corporate governance and strategic direction.
Risk Assessment
Risk Level: low — Mativ Holdings, Inc. shows low risk based on this filing. The filing is a routine proxy statement for an annual meeting, containing standard disclosures and no immediate financial or operational news.
Analyst Insight
Stockholders should review the proxy materials carefully to understand the proposals and board nominees before casting their votes.
Key Numbers
- 20240424 — Annual Meeting Date (Annual Meeting of Stockholders.)
- 11:00 a.m. Eastern Time — Meeting Time (Annual Meeting of Stockholders.)
- July 6, 2022 — Merger Date (Completion of the merger forming Mativ Holdings, Inc.)
Key Players & Entities
- Mativ Holdings, Inc. (company) — Registrant and filer of the proxy statement.
- April 24, 2024 (date) — Date of the Annual Meeting of Stockholders.
- July 6, 2022 (date) — Date of the merger between Schweitzer-Mauduit International, Inc. and Neenah, Inc.
- Schweitzer-Mauduit International, Inc. (company) — Former company merged into Mativ Holdings, Inc.
- Neenah, Inc. (company) — Former company merged into Mativ Holdings, Inc.
- John D. Rogers (person) — Chair, Board of Directors of Mativ Holdings, Inc.
FAQ
When did Mativ Holdings, Inc. file this DEF 14A?
Mativ Holdings, Inc. filed this Proxy Statement (DEF 14A) with the SEC on March 14, 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 Mativ Holdings, Inc. (MATV).
Where can I read the original DEF 14A filing from Mativ Holdings, Inc.?
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 Mativ Holdings, Inc..
What are the key takeaways from Mativ Holdings, Inc.'s DEF 14A?
Mativ Holdings, Inc. filed this DEF 14A on March 14, 2024. Key takeaways: Mativ Holdings, Inc. will hold its Annual Meeting of Stockholders on April 24, 2024, at 11:00 a.m. Eastern Time.. The meeting will be conducted via live audio webcast in a virtual format at www.virtualshareholdermeeting.com/MATV2024.. This is the second Annual Meeting since the merger of Schweitzer-Mauduit International, Inc. and Neenah, Inc. on July 6, 2022..
Is Mativ Holdings, Inc. a risky investment based on this filing?
Based on this DEF 14A, Mativ Holdings, Inc. presents a relatively low-risk profile. The filing is a routine proxy statement for an annual meeting, containing standard disclosures and no immediate financial or operational news.
What should investors do after reading Mativ Holdings, Inc.'s DEF 14A?
Stockholders should review the proxy materials carefully to understand the proposals and board nominees before casting their votes. The overall sentiment from this filing is neutral.
How does Mativ Holdings, Inc. compare to its industry peers?
Mativ Holdings, Inc. operates in the paper and packaging industry, formed by the merger of two established companies.
Are there regulatory concerns for Mativ Holdings, Inc.?
The filing is made under Section 14(a) of the Securities Exchange Act of 1934, governing proxy solicitations.
Industry Context
Mativ Holdings, Inc. operates in the paper and packaging industry, formed by the merger of two established companies.
Regulatory Implications
The filing is made under Section 14(a) of the Securities Exchange Act of 1934, governing proxy solicitations.
What Investors Should Do
- Review the proxy statement for details on director nominees and any proposals.
- Vote your shares by proxy or attend the virtual meeting to ensure your voice is heard.
- Check the company's investor relations website for any supplemental materials related to the annual meeting.
Key Dates
- 2024-04-24: Annual Meeting of Stockholders — Key date for voting on board nominees and corporate matters.
- 2024-03-14: Filing Date — Date the Definitive Proxy Statement was filed with the SEC.
Year-Over-Year Comparison
This filing is a routine proxy statement for the annual meeting, following the company's formation through a merger in 2022.
Filing Stats: 4,752 words · 19 min read · ~16 pages · Grade level 12 · Accepted 2024-03-14 17:08:02
Key Financial Figures
- $0.10 — f the Company's common stock, par value $0.10 per share (the "Common Stock"), virtual
- $14,750 — ting proxies for a fee of approximately $14,750, plus reasonable out-of-pocket expenses
Filing Documents
- ny20018861x1_def14a.htm (DEF 14A) — 2032KB
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- 0001140361-24-013259.txt ( ) — 10320KB
- matv-20240424.xsd (EX-101.SCH) — 8KB
- matv-20240424_def.xml (EX-101.DEF) — 7KB
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- ny20018861x1_def14a_htm.xml (XML) — 234KB
EXECUTIVE COMPENSATION
EXECUTIVE COMPENSATION 13 Compensation Discussion & Analysis 13 Compensation Committee Report 27 CORPORATE GOVERNANCE 45 Majority Vote Resignation Policy 45 Board of Directors and Standing Committees 45 Board Exercise of Risk Oversight 48 Cybersecurity Matters 49 Environmental and Social Matters 49 Corporate Governance Documents 50 Transactions with Related Persons 51 STOCK OWNERSHIP 52 Significant Beneficial Owners 52 Directors and Executive Officers 53 DIRECTOR AND EXECUTIVE OFFICER BENEFICIAL OWNERSHIP TABLE 54 PROPOSAL TWO RATIFICATION OF DELOITTE & TOUCHE LLP AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR 2024 55 Selection of the Independent Registered Public Accounting Firm 55 Board Recommendation 55 Information Regarding the Independent Registered Public Accounting Firm 55 Audit, Audit Related, Tax and All Other Fees 55 Pre-approval Policies and Procedures 55 AUDIT COMMITTEE REPORT 57 PROPOSAL THREE NON-BINDING ADVISORY VOTE TO APPROVE EXECUTIVE COMPENSATION 58 Board Recommendation 59 PROPOSAL FOUR ADOPTION OF THE MATIV HOLDINGS, INC. 2024 EQUITY AND INCENTIVE PLAN 60 OTHER INFORMATION 69 Stockholder Proposals and Director Nominations for the 2025 Annual Meeting 69 Annual Report on Form 10-K and Proxy Statement 69 Communicating with the Board 69 i TABLE OF CONTENTS MATIV HOLDINGS, INC. 100 Kimball Place, Suite 600 Alpharetta, Georgia 30009 PROXY STATEMENT INTRODUCTION This Proxy Statement and the accompanying proxy card are being furnished to the stockholders of Mativ Holdings, Inc., a Delaware corporation, formerly known as Schweitzer-Mauduit International, Inc. and referred to as either the "Company" or "Mativ," in connection with the solicitation of proxies by the Board of Directors of the Company (the "Board") for use at the 2024 Annual Meeting of Stockholders (the "Annual Meeting") and at any adjournment or postponement thereof. The Comp