Tredegar names Cindy Yao CFO, sets $450K salary
Tredegar Corporation (TG) announced that its Board elected Cindy Yao as Vice President, Chief Financial Officer and Treasurer, effective September 21, 2026.
Rhea-AI Filing Summary
Tredegar Corporation (TG) announced that its Board elected Cindy Yao as Vice President, Chief Financial Officer and Treasurer, effective September 21, 2026. Yao has more than 30 years of finance and operating experience across industrial manufacturing, healthcare and distribution, including prior CFO roles at Holon Health, HF Foods Group Inc. and Markel Food Group.
Her compensation includes an annual base salary of $450,000, a 2026 Short-Term Incentive Plan target bonus equal to 60% of base salary (maximum 120%), and annual long-term incentives targeted at 80% of base salary, split 50% restricted stock and 50% non-equity cash, with 2026 awards pro-rated. If terminated without cause in her first year, she will receive month-for-month severance and corresponding COBRA coverage, increasing after one year to one times base salary, 12 months of COBRA coverage and prorated incentive opportunities.
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8-K Event Classification
3 items: 5.02, 7.01, 9.01
3 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 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
CFO base salary: $450,000 per year
STIP target bonus: 60% of base salary
STIP maximum bonus: 120% of base salary
+5 more
8 metrics
CFO base salary
$450,000 per year
Annual base salary for Vice President, Chief Financial Officer and Treasurer
STIP target bonus
60% of base salary
2026 Short-Term Incentive Plan target for CFO, pro-rated from September 21, 2026 start date
STIP maximum bonus
120% of base salary
Maximum annual bonus opportunity under 2026 Short-Term Incentive Plan
Long-term incentive target
80% of base salary
Annual long-term incentive awards target for CFO compensation
LTI mix
50% restricted stock / 50% non-equity cash
Structure of annual long-term incentive awards for CFO
Effective date of appointment
September 21, 2026
Start date for Ms. Yao as Vice President, Chief Financial Officer and Treasurer
Employees
Approximately 1,800 employees
Company workforce across manufacturing facilities in North America and Asia
Experience
More than 30 years
Ms. Yao’s experience leading finance, operations and transformation
Key Terms
Short-Term Incentive Plan, Long-Term Incentive Plan, COBRA coverage, Kaizen-based operating model, +2 more
6 terms
Short-Term Incentive Plan financial
"annual target bonus opportunity under the Company’s 2026 Short-Term Incentive Plan"
Long-Term Incentive Plan financial
"annual long-term incentive awards under the Company’s Long-Term Incentive Plan"
A long-term incentive plan is a company program that pays executives or employees with stock, options, or cash tied to multi-year performance goals, where the rewards become theirs only after meeting conditions over time. Think of it as a delayed bonus or retirement-style reward that aligns employees’ interests with shareholders by encouraging them to boost long-term value; investors watch these plans because they affect pay costs, share dilution and management incentives.
COBRA coverage regulatory
"severance benefits consisting of month-for-month severance and corresponding COBRA coverage"
Kaizen-based operating model technical
"established a Kaizen-based operating model and KPI cadence"
forward-looking statements regulatory
"Some of the information contained in this press release may constitute “forward-looking statements”"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
One Tredegar transformation financial
"particularly well suited to Tredegar at this pivotal stage in our One Tredegar transformation"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What executive leadership change did Tredegar (TG) announce?
Tredegar announced that Cindy Yao has been elected Vice President, Chief Financial Officer and Treasurer, effective September 21, 2026, succeeding the prior finance leadership as the company advances its One Tredegar transformation.
What is Cindy Yao’s compensation package as CFO of Tredegar (TG)?
Her package includes an annual base salary of $450,000, a 2026 STIP target bonus of 60% of base salary (maximum 120%), and annual long-term incentive awards targeted at 80% of base salary, split equally between restricted stock and a non-equity cash component.
What severance protection does Tredegar (TG) provide to new CFO Cindy Yao?
If Ms. Yao is terminated without cause in her first year, she receives month-for-month severance and corresponding COBRA coverage. After one year, this increases to one times annual base salary, 12 months of COBRA coverage and a prorated share of STIP and performance units, if earned.
What prior experience does new Tredegar (TG) CFO Cindy Yao bring?
Ms. Yao has more than 30 years of experience and previously served as CFO of Holon Health, CFO of HF Foods Group Inc., and CFO and Executive Vice President of Markel Food Group, where she helped lead business transformation and finance-organization improvements.
How does Tredegar (TG) describe the strategic context for hiring Cindy Yao?
President and CEO Dr. Arijit (Bapi) DasGupta said Yao’s background fits Tredegar’s One Tredegar transformation as it transitions from a holding-company structure to an operating-company model, emphasizing stronger financial visibility, performance discipline, accountability and execution at Bonnell Aluminum and High-Performance Films.
What is Tredegar (TG)’s business focus according to the filing?
Tredegar is an industrial manufacturer with two primary businesses: custom aluminum extrusions for North American building, construction, automotive and specialty markets, and films for highly engineered surface protection applications in the global electronics and advanced packaging industries, with about 1,800 employees in North America and Asia.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 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): September 15, 2026 (September 14, 2026 )
| (Exact Name of Registrant as Specified in its Charter) | ||
| (State or Other Jurisdiction of Incorporation) | (Commission File Number) | (IRS Employer Identification No.) | ||||||
| (Address of Principal Executive Offices) | (Zip Code) | ||||||||||
Registrant's telephone number, including area code: (804) 330-1000
(Former Name or Former Address, if Changed Since Last Report)
Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
| 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 Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||
Indicate by check mark whether the registrant is an emerging growth company 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 September 14, 2026, the Board of Directors (the “Board”) of the Tredegar Corporation (the “Company”) elected Cindy Yao to serve as the Company’s Vice President, Chief Financial Officer and Treasurer, effective September 21, 2026.
Ms. Yao, 59, has served as the Chief Financial Officer of Holon Health, a healthcare provider and health-tech startup focused on supporting individuals navigating substance use disorder and mental health conditions, since May 2026. Prior to joining Holon Health, Ms. Yao served as the Chief Financial Officer of HF Foods Group Inc., a leading marketer and distributor of fresh produce, seafood, frozen and dry foods and restaurant supplies, from May 2024 through October 2025. Ms. Yao also served from November 2013 to December 2023 as Chief Financial Officer and Executive Vice President for Markel Food Group, a company providing high-quality, innovative automated process solutions, consulting services and technical support to food producers.
In connection with her election as the Company’s Vice President, Chief Financial Officer and Treasurer, Ms. Yao’s (i) annual base salary will be $450,000, (ii) annual target bonus opportunity under the Company’s 2026 Short-Term Incentive Plan (“STIP”) will be 60% of her base salary (with a maximum opportunity of 120% of her base salary), pro-rated based upon her start date, and (iii) annual long-term incentive awards under the Company’s Long-Term Incentive Plan will be targeted at 80% of her annual base salary, consisting of 50% restricted stock and a 50% non-equity cash component, with her 2026 grant pro-rated based upon her start date. In addition, in the event of a not-for-cause termination during her first year as Vice President, Chief Financial Officer and Treasurer, Ms. Yao will receive severance benefits consisting of month-for-month severance (i.e., for each month of employment, she will receive a month of severance) and corresponding COBRA coverage during the first year of her employment, increasing to one times annual base salary and 12 months of COBRA coverage after one year, along with a prorated share of STIP and performance units, if earned.
| Item 7.01 | Regulation FD Disclosure. | ||||
On September 15, 2026, the Company issued a press release announcing the election of Ms. Yao. A copy of this release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 7.01.
In accordance with General Instruction B.2 of Form 8-K, the information in this Item 7.01 of this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.
| Item 9.01 | Financial Statements and Exhibits. | ||||
(d) Exhibits.
| Exhibit No. | Description | ||||
| 99.1 | Press release issued on September 15, 2026. | ||||
| 104 | Cover Page Interactive Data File (formatted in iXBRL and contained in Exhibit 101). | ||||
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.
| TREDEGAR CORPORATION | |||||||||||
| (Registrant) | |||||||||||
| Date: | September 15, 2026 | By: | /s/ Kevin C. Donnelly | ||||||||
| Kevin C. Donnelly | |||||||||||
| Executive Vice President, General Counsel and Corporate Secretary | |||||||||||
Tredegar Appoints Cindy Yao as Vice President, Chief Financial Officer and Treasurer
Experienced public-company finance and operating leader brings industrial manufacturing, transformation and global expertise
September 15, 2026
RICHMOND, Va.-- September 15, 2026 -- Tredegar Corporation (NYSE:TG, also the “Company” or “Tredegar”) today announced that Cindy Yao will join the Company as Vice President, Chief Financial Officer and Treasurer, effective September 21, 2026.
Ms. Yao is a public-company and private-equity-backed finance executive with more than 30 years of experience leading finance, operations and transformation across industrial manufacturing, healthcare and distribution sectors. Prior to joining Tredegar, she served as Chief Financial Officer of Richmond, VA-based Holon Health. Before that, as Chief Financial Officer of HF Foods Group Inc., she led a variety of finance-organization remediation and operational turnaround efforts, capital-markets and liquidity initiatives, and enterprise systems work for this national distribution network. As Chief Financial Officer and Executive Vice President of Markel Food Group, a global food processing equipment and systems manufacturer, she helped lead a business transformation that significantly improved revenue, EBITDA and controls.
CEO Commentary
“Cindy is an accomplished public-company CFO and hands-on operating leader whose background is particularly well suited to Tredegar at this pivotal stage in our One Tredegar transformation,” said Dr. Arijit (Bapi) DasGupta, President and Chief Executive Officer. “As we pursue our transition from a holding-company structure toward an operating-company model, we need stronger enterprise-level financial visibility, performance discipline and accountability. Cindy brings a demonstrated ability to build and transform finance organizations, establish rigorous KPIs and operating cadences, strengthen controls and reporting, and partner with her peers to execute in complex, global manufacturing businesses.”
Dr. DasGupta continued, “Her experience leading operational finance, systems and data transformation, capital allocation and other areas operations will be valuable as we advance One Tredegar and sharpen our focus on execution across Bonnell Aluminum and High-Performance Films. I look forward to working with Cindy as we build a leaner, more agile organization and create long-term value for our shareholders, customers, employees and other stakeholders.”
“I am excited to join Tredegar and support Bapi and the leadership team as they advance the One Tredegar transformation,” said Ms. Yao. “The Company has high-potential businesses, talented employees and a clear opportunity to strengthen operating discipline, financial visibility and execution. I look forward to working with the team to help drive sustainable value creation”.
At Markel Food Group, Ms. Yao transformed finance, planning, controls and board reporting; established a Kaizen-based operating model and KPI cadence; and led capital-allocation, M&A and global operating initiatives, including leadership responsibilities for China operations. Earlier in her career, she served as Vice President, Corporate Treasurer of Bausch + Lomb, where she managed
global capital structure, financing and working-capital initiatives. She also held finance leadership positions at Corning Inc. and Eastman Kodak.
Ms. Yao holds an EMBA from the University of Rochester, Simon Business School, a Master of Accountancy (Tax) from Virginia Tech and a BA from East China Normal University. She is a former CPA.
About Tredegar
Tredegar Corporation is an industrial manufacturer with two primary businesses: custom aluminum extrusions for the North American building & construction, automotive and specialty end-use markets and films for highly engineered surface protection applications in the global electronics industry and advanced packaging. With approximately 1,800 employees, the Company operates manufacturing facilities in North America and Asia.
Forward-Looking and Cautionary Statements
Some of the information contained in this press release may constitute “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are based on the Company’s current expectations and are subject to risks and uncertainties that could cause actual results to differ materially from those addressed in the statements. Factors that could cause actual results to differ materially include, without limitation, the Company’s ability to execute its operational and organizational initiatives, attract and retain key personnel, changing economic and market conditions, customer demand, supply chain conditions, and the other factors discussed in the reports Tredegar files with or furnishes to the U.S. Securities and Exchange Commission. Tredegar does not undertake, and expressly disclaims, any duty to update any forward-looking statement, except as required by applicable law.
Contact:
Janet Stevens
Phone: 804-330-1062