Mativ (NYSE: MATV) adds CFO Bruce Hausmann to board, lifts director equity retainer
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
Mativ Holdings, Inc. increased its Board of Directors from 6 to 7 members and appointed Bruce Hausmann as a Class I director, effective July 1, 2026, with a term expiring at the 2029 Annual Meeting of Stockholders. He will also serve on the Audit Committee.
Hausmann is the Vice President and Chief Financial Officer of Interface, Inc., a global flooring manufacturer, and brings over 25 years of corporate and operational finance experience across multiple industries and capital structures. The Board determined he is an independent director and an audit committee financial expert.
In connection with this governance update, the Compensation Committee increased the annual stock-based retainer for non-employee directors to $150,000, aligning his compensation with the Company’s non-employee director program and standard indemnification protections.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 5.02, 9.01
2 items
Item 5.02
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers
Governance
Key personnel changes including departures, elections, or appointments of directors and executive officers.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Board size: 7 directors
Director term: Through 2029 Annual Meeting
Director stock-based retainer: $150,000
+3 more
6 metrics
Board size
7 directors
Increased from 6 to 7 members effective July 1, 2026
Director term
Through 2029 Annual Meeting
Class I director term for Bruce Hausmann
Director stock-based retainer
$150,000
Annual stock-based retainer for non-employee directors approved June 17, 2026
Finance experience
25+ years
Corporate and operational finance experience cited for Bruce Hausmann
Age of new director
56
Age of Bruce Hausmann at appointment
CFO tenure at Interface
Since April 2017
Vice President and Chief Financial Officer role at Interface, Inc.
Key Terms
independent director, audit committee financial expert, non-employee director compensation program, indemnification agreement, +1 more
5 terms
independent director regulatory
"The Board has determined that Mr. Hausmann qualifies as an “independent director” under the listing standards of the New York Stock Exchange"
An independent director is a member of a company's board of directors who is not involved in the company's day-to-day operations and has no significant relationships with the company that could influence their judgment. Their role is to provide unbiased oversight and ensure the company is managed in the best interests of all shareholders. This helps build trust and confidence among investors by promoting transparency and accountability.
audit committee financial expert regulatory
"he qualifies as an “audit committee financial expert” as defined under Item 407(d)(5) of Regulation S-K"
A person on a company’s board who has deep knowledge of accounting, financial reporting and auditing, able to understand and question the books, controls and audit work like a trained mechanic inspecting an engine. Investors care because that expertise helps spot errors, weaknesses or misleading statements early, improving the likelihood that financial reports are accurate and reducing the risk of surprises that can hurt a company’s value.
non-employee director compensation program financial
"Mr. Hausmann will participate in the Company’s non-employee director compensation program on the same basis as the Company’s other non-employee directors"
indemnification agreement regulatory
"The Company will also enter into its standard form of indemnification agreement with Mr. Hausmann"
An indemnification agreement is a contract in which one party promises to cover losses, costs, or legal claims that another party might face, acting like a tailored safety net or private insurance policy. For investors, it matters because such agreements shift potential financial risk away from a company or its officers and onto the indemnifier, which can affect a company’s future liabilities, cash flow and how risky the investment appears during deal-making or litigation.
transformational mergers and acquisitions financial
"Throughout his career, Mr. Hausmann has played an integral role in leading organizations through transformational mergers and acquisitions and other corporate finance transactions"
FAQ
What did Mativ Holdings (MATV) announce regarding its Board of Directors?
Mativ Holdings increased its Board from six to seven members and appointed Bruce Hausmann as a Class I director, effective July 1, 2026. His term runs until the 2029 Annual Meeting, and he will also serve on the Board’s Audit Committee.
Who is Bruce Hausmann, the new director at Mativ Holdings (MATV)?
Bruce Hausmann is Vice President and Chief Financial Officer of Interface, Inc., a global flooring manufacturer. He has over 25 years of corporate and operational finance experience across industries including Technology, Managed Services, Consumer Products, and Commercial Industrials, and previously held senior roles at Aramark and The Walt Disney Company.
Is Mativ’s new director Bruce Hausmann considered independent under NYSE rules?
The Board determined that Bruce Hausmann qualifies as an independent director under New York Stock Exchange listing standards and the company’s Corporate Governance Guidelines. It also concluded he meets the definition of an audit committee financial expert under Item 407(d)(5) of Regulation S-K, supporting strong financial oversight.
How did Mativ Holdings (MATV) change compensation for non-employee directors?
Mativ’s Compensation Committee approved an increase in the annual stock-based retainer for non-employee directors to $150,000 on June 17, 2026. This change followed a review of market data with an independent compensation consultant and applies to Bruce Hausmann on the same basis as other non-employee directors.
What committee will Bruce Hausmann join on Mativ’s Board (MATV)?
Bruce Hausmann will serve on Mativ’s Audit Committee, effective July 1, 2026. His background as Chief Financial Officer of Interface, Inc. and his designation as an audit committee financial expert are intended to support the Board’s oversight of financial reporting, risk management, and related governance areas.