Mativ Holdings (NYSE: MATV) details CFO separation agreement benefits
Rhea-AI Filing Summary
Mativ Holdings, Inc. has formalized the exit terms for its former Chief Financial Officer, Gregory Weitzel. After previously announcing his departure effective December 31, 2025, the company entered into a Separation Agreement and General Waiver and Release with Mr. Weitzel on January 8, 2026. This agreement confirms his severance benefits and post-termination obligations under Mativ’s Executive Severance Plan and the documents governing his outstanding equity awards, and includes a customary release of claims.
The company states that the severance benefits are consistent with the provisions described under “Potential Payments Upon Termination or Change of Control—Termination Not in Connection with a Change of Control” in its definitive proxy statement filed on March 21, 2025. The full separation agreement is provided as Exhibit 10.1 to this report and is identified as a management compensatory arrangement.
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8-K Event Classification
FAQ
What did Mativ Holdings (MATV) disclose in this 8-K filing?
Mativ Holdings disclosed that it entered into a Separation Agreement and General Waiver and Release with its former Chief Financial Officer, Gregory Weitzel, confirming his severance benefits and post-termination obligations and filing the agreement as an exhibit.
Who is the executive covered by the new separation agreement at Mativ Holdings (MATV)?
The separation agreement covers Gregory Weitzel, the former Chief Financial Officer of Mativ Holdings, whose departure became effective on December 31, 2025.
What does the separation agreement for Mativ’s former CFO include?
The agreement includes severance benefits and post-termination obligations governed by Mativ’s Executive Severance Plan and the terms of Mr. Weitzel’s outstanding equity awards, along with a customary waiver and release of claims.
How are the severance benefits for the former Mativ CFO determined?
The severance benefits are described as consistent with the provisions under “Potential Payments Upon Termination or Change of Control—Termination Not in Connection with a Change of Control” in Mativ’s definitive proxy statement filed on March 21, 2025.
Where can investors find the full text of the Mativ CFO separation agreement?
The complete Separation Agreement and General Waiver and Release dated January 8, 2026 between Mativ Holdings and Gregory Weitzel is filed as Exhibit 10.1 to this report.
How is the separation agreement classified in Mativ’s filing?
The separation agreement is identified as a management compensatory plan or arrangement and is listed in the exhibits section of the report.