New CAO at Magnera (NYSE: MAGN) earns $275,000 base salary

Rhea-AI Filing Summary

Magnera Corporation is appointing Erin Maile as Executive Vice President and Chief Accounting Officer, effective February 2, 2026, making her the company’s principal accounting officer. Maile, 34, previously served as Magnera’s Vice President, Finance, Corporate Controller and earlier held senior accounting roles at Berry Global.

Under a term sheet, Maile will receive a base salary of $275,000, a target annual short‑term incentive of $123,750 (45% of base salary), and long‑term incentive awards targeted at $200,000 per year. She will be subject to Magnera’s share ownership and executive policies and will participate in an Executive Severance Plan with “double trigger” benefits: if she resigns for good reason or is terminated without cause within two years after a change in control, she may receive severance equal to two times the sum of her base salary and target bonus, and unvested equity awards will fully vest. If terminated without cause outside a change in control, she may receive twelve months of base salary and target bonus as severance.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): January 29, 2026

Magnera Corporation

(Exact name of registrant as specified in its charter)

Pennsylvania		001-03560		23-0628360
(State or other jurisdiction of incorporation)		(Commission File Number)		(I.R.S. Employer Identification No.)
9335 Harris Corners Pkwy, Ste 300, Charlotte, North Carolina				28269
(Address of principal executive offices)				(Zip Code)

Registrant’s telephone number, including area code: 866-744-7380

 (N/A)

Former name or former address, if changed since last report

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐    Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐    Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐    Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐    Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Securities Exchange Act of 1934:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
Common Stock		MAGN		New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 5.02   Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On January 29, 2026, Erin Maile was appointed by the Board of Directors of Magnera Corporation (the “Company”) as Executive Vice President, Chief Accounting Officer, effective February 2, 2026.  In this capacity, Ms. Maile will serve as the Company’s principal accounting officer.

Ms. Maile, 34, previously served as the Company’s Vice President, Finance, Corporate Controller since November 4, 2024.  Prior to her employment with the Company, she was employed by Berry Global, Inc. (“Berry”) as Director of Corporate Accounting and External Reporting and had positions of increasing responsibilities with Berry since joining in January 2017.

There are no arrangements or understandings between Ms. Maile and any other person pursuant to which she was selected as an officer, and there are no family relationships between Ms. Maile and any of the Company’s directors or executive officers.  Ms. Maile has no direct or indirect material interest in any existing or currently proposed transaction that would require disclosure under item 404(a) of Regulation S-K.

The Company provided Ms. Maile a term sheet setting forth the general terms of her employment as its Executive Vice President, Chief Accounting Officer (the “Term Sheet”).  Ms. Maile will receive an annual base salary of USD $275,000.  She will be eligible to receive annual short-term incentive awards at the target amount of $123,750 (45% of her base salary).  Ms. Maile will also be eligible to receive long-term incentive awards under the Company’s long-term incentive plan at an annual target amount of $200,000.  Ms. Maile will be required to comply with the Company’s share ownership guidelines for senior executives, as well as other Company policies applicable to senior executives.

Ms. Maile will participate in the Company’s Executive Severance Plan that has “double trigger” provisions for severance in the event of a change in control.  Pursuant to the Executive Severance Plan, if Ms. Maile resigns for good reason or her employment is terminated by the Company without cause or within two years after a change in control, Ms. Maile will be eligible to receive severance equal to two times the sum of her base salary and target bonus.  Additionally, Ms. Maile’s unvested equity awards will immediately become fully vested.  If Ms. Maile’s employment is terminated by the Company without cause, not in connection with a change in control, Ms. Maile will be eligible to receive severance equal to twelve months of her base salary and target bonus.

The foregoing summary of Ms. Maile’s Term Sheet does not purport to be complete and is qualified in its entirety by reference to the full text of the Term Sheet, a copy of which will be filed with the Securities and Exchange Commission as an exhibit to the Company’s Quarterly Report on Form 10-Q for the quarter ended March 27, 2026.

Item 9.01     Financial Statements and Exhibits.

d) Exhibits.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document).

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.

Magnera Corporation

February 3, 2026		By:	/s/ Jill L. Urey
			Jill L. Urey
			Executive Vice President, General Counsel and Corporate Secretary

0000041719 false 0000041719 2026-01-29 2026-01-29

FAQ

What did Magnera (MAGN) disclose in this 8-K filing?

Magnera disclosed the appointment of Erin Maile as Executive Vice President, Chief Accounting Officer, effective February 2, 2026. The filing outlines her background, compensation terms, incentive eligibility, and severance protections under the company’s Executive Severance Plan, including special treatment in a change in control scenario.

Who is Erin Maile, the new Chief Accounting Officer of Magnera (MAGN)?

Erin Maile is Magnera’s newly appointed Executive Vice President, Chief Accounting Officer, and principal accounting officer. At age 34, she previously served as Magnera’s Vice President, Finance, Corporate Controller, and earlier held roles of increasing responsibility at Berry Global focused on corporate accounting and external reporting.

What is the base salary and bonus opportunity for Magnera’s new CAO?

Erin Maile’s annual base salary is set at $275,000. She is eligible for annual short-term incentive awards with a target of $123,750, equal to 45% of base salary, and for long-term incentive awards under Magnera’s plan at an annual target amount of $200,000 in equity-based compensation.

What severance protections does Erin Maile receive at Magnera (MAGN)?

Under Magnera’s Executive Severance Plan, if Maile resigns for good reason or is terminated without cause within two years after a change in control, she may receive severance equal to two times her base salary plus target bonus, and her unvested equity awards will fully vest immediately upon such qualifying termination event.

How is Erin Maile protected if terminated without cause outside a change in control?

If Magnera terminates Erin Maile without cause not related to a change in control, she may receive severance equal to twelve months of base salary and target bonus. This protection provides income continuity and supplements her ongoing eligibility for annual cash and long-term incentive compensation programs.

Does Erin Maile have any related-party or conflict-of-interest ties at Magnera?

The company states there are no arrangements or understandings with other persons regarding her selection and no family relationships with directors or executive officers. It also notes she has no direct or indirect material interest in transactions requiring disclosure under Item 404(a) of Regulation S-K.