Matthews International Corp. filings document operating results, material events and governance matters for a Pennsylvania corporation whose Class A common stock trades under MATW on the Nasdaq Global Select Market. Recent Form 8-K disclosures furnish quarterly earnings releases and teleconference materials, dividend declarations and Regulation FD updates related to its Memorialization and Industrial Technologies businesses.
The filing record also covers credit facility amendments, compensation and transition agreements, director fee plan approvals, annual meeting voting results, amendments to the Articles of Incorporation and arbitration-related disclosures concerning proprietary dry battery electrode solutions. These filings describe the company’s capital structure, board and compensation governance, financing arrangements and recurring business events.
MATTHEWS INTERNATIONAL CORP (MATW) director J. Michael Nauman reported an open-market purchase of 1,900 shares of Class A Common Stock on August 20, 2026 at $21.96 per share. Following this transaction, Nauman directly holds 9,081 shares of MATW Class A Common Stock.
MATTHEWS INTERNATIONAL CORP (MATW) director J Michael Nauman reported an open-market purchase of 100 shares of Class A Common Stock on 2026-08-19 at $21.98 per share. Following this buy, Nauman directly owns 7,181 shares of MATW common stock. The filing indicates the transaction was not made pursuant to a Rule 10b5-1 trading plan.
MATTHEWS INTERNATIONAL CORP director Aleta W. Richards reported an open-market or private purchase of 3,000 shares of Class A Common Stock on August 14, 2026 at $23.06 per share. Following this transaction, her directly held position is reported as 12,535 shares of Class A Common Stock.
Matthews International Corp director J. Michael Nauman purchased additional shares. On August 10, 2026, he bought 2,000 shares of Class A Common Stock at a price of $22.97 per share in an open-market or private transaction, bringing his directly held stake to 7,081 shares.
Matthews International Corporation appointed Michael J. Whitehead, age 52, as President and Chief Executive Officer and as a director, effective August 31, 2026, succeeding retiring CEO Joseph C. Bartolacci. The Board’s decision follows a comprehensive succession process and reflects Mr. Whitehead’s prior leadership roles at Lincoln Electric Holdings, Inc.
Under an offer letter dated August 5, 2026, Mr. Whitehead will receive a $1,000,000 annual base salary, a one-time $300,000 transition cash payment subject to 12‑month clawback, target annual bonus opportunity at 100% of salary (0–200% range), and fiscal 2027 long-term equity awards with grant date values of $3,675,000 plus a one-time $1,600,000 restricted stock unit grant. If terminated without cause, he is eligible for 24 months of base salary continuation, target-level bonus, and continued vesting treatment for equity awards, subject to a release of claims.
Oaktree Capital Management LP reported a significant passive stake in Matthews International Corporation Class A common stock. Oaktree beneficially owns 1,925,992 shares, representing 6.17% of the Class A common stock outstanding, based on 31,202,438 shares outstanding as of March 31, 2026. Oaktree has sole voting and sole dispositive power over all reported shares, with no shared voting or dispositive authority. The shares are held across several Oaktree-managed funds and accounts, and Oaktree states that the filing does not constitute an admission of beneficial ownership for purposes of Section 13(d) or 13(g).
Matthews International Corp (MATW) director David A. Schawk reported an open-market purchase of 5,000 shares of Class A Common Stock on August 10, 2026 at $23.60 per share. The shares are held indirectly as trustee, bringing his reported indirect holdings to 225,206 shares. The filing indicates the Rule 10b5-1 trading plan box was not checked.
Matthews International reported a Q3 2026 net loss of $23.7M (–$0.75 per share) on sales of $246.0M, down from $349.4M a year earlier. For the first nine months, sales were $789.4M versus $1,178.8M and the company recorded a small net loss of $1.9M compared with $3.0M of net income.
Results reflect significant portfolio reshaping, including a $147.6M pre‑tax gain on the warehouse automation sale and a $38.1M loss on European print divestitures, plus $17.2M of equity‑method losses from its 40% Propelis stake and $9.0M of restructuring expense. Operating cash flow was an outflow of $69.5M while divestitures generated $243.6M, helping reduce total debt to $567.3M from $710.8M and redeem $300M of 8.625% senior notes. Memorialization remained the main profit contributor; Industrial Technologies posted a nine‑month adjusted EBITDA loss of $13.2M amid project delays in the energy storage business that affected billing timing.
Matthews International Corporation reported weaker results for the third quarter of fiscal 2026 as portfolio changes and Industrial Technologies challenges weighed on earnings. Sales were $246.0 million, down 29.6% from $349.4 million a year earlier. The company posted a net loss of $23.7 million, or -$0.75 per diluted share, versus net income of $15.4 million, or $0.49 per share. Non‑GAAP adjusted EPS was $0.06, down from $0.28, and adjusted EBITDA declined to $35.0 million from $44.6 million. For the first nine months, sales fell to $789.4 million from $1,178.8 million and adjusted EBITDA to $115.0 million from $136.0 million.
Memorialization grew sales modestly to $208.1 million with relatively stable adjusted EBITDA, helped by the Dodge acquisition but pressured by lower casket and memorial volumes and higher input costs. Industrial Technologies sales dropped to $38.0 million and adjusted EBITDA to -$5.4 million, reflecting divestitures, delays in energy storage projects and an engineering restructuring expected to deliver $10 million in annual savings at a similar total cost. Brand Solutions now contributes mainly through the Propelis equity‑method investment, with $9.7 million of adjusted EBITDA in the quarter.
Management reduced full‑year adjusted EBITDA guidance to $158–$162 million (including its estimated 40% share of Propelis adjusted EBITDA and preferred equity income), citing delayed energy‑storage revenue, litigation‑related impacts in engineering and slower‑than‑planned Propelis synergies. Debt reduction remains a focus: total debt has been cut by $144 million in fiscal 2026 to $567.3 million, supported by a $25 million Propelis preferred equity redemption. Net debt was $529.7 million at June 30, 2026; operating cash flow for the year to date was a use of $69.5 million, while investing activities provided $267.4 million, largely from divestitures.
Matthews International Corporation announced that President and Chief Executive Officer Joseph C. Bartolacci has decided to retire from his roles and resign from the Board. He will remain President, CEO and a director until a successor is duly appointed and begins service, and will support the transition at least through January 1, 2027. The Board has launched a succession process and affirmed there is no dispute or disagreement underlying his decision.
Bartolacci will receive his prorated annual salary and a prorated FY 2027 bonus at target level, and will continue to participate in employee benefit plans through the Retirement Date. He joined in 1997, became CEO in 2006, oversaw more than 60 acquisitions, and guided revenue from about $700 million to a business approaching $2 billion. The company operates through Industrial Technologies and Memorialization segments, with about 4,300 employees across 15 countries on four continents.