UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On August 8, 2023, Mativ Holdings, Inc. (the “Company”) announced the departure of Ricardo Nuñez from his role as Chief Legal Officer, Secretary and Chief Compliance Officer, effective September 1, 2023.
Effective September 1, 2023, Mark W. Johnson, Sr. will succeed Mr. Nuñez as Chief Legal Officer, General Counsel and Secretary of the Company. Prior to joining the Company, Johnson served as executive vice president, chief legal officer, and corporate secretary for Kimball International, Inc., where he oversaw all legal affairs, including securities, ethics and compliance, mergers and acquisitions, litigation, intellectual property protection, and regulatory matters. Johnson also led Kimball International’s ESG activities, which he will lead at the Company. Since 2022, Mark also served as president of Kimball International’s Hospitality business unit, responsible for full P&L management and results. He had prior leadership roles at Newell Brands and was a commercial litigation associate for McGuire Woods, LLP.
For purposes of the Company’s executive severance plan and other plans and policies applicable to Mr. Nuñez, Mr. Nuñez’s departure is a termination without “cause” following a “change of control.” As a result of his termination with the Company, Mr. Nuñez will be entitled to receive compensation and benefits consistent with a termination without “cause” following a “change of control” as previously described in the “Interests of SWM’s Directors and Executive Officers in the Merger” section of the Company’s joint proxy statement/prospectus filed with the U.S. Securities and Exchange Commission on May 23, 2022.
| Item 8.01 | Other Events. |
On August 8, 2023, the Company issued a press release announcing the departure of Mr. Nuñez and the appointment of Mr. Johnson as Chief Legal Officer, General Counsel and Secretary. A copy of the press release is attached as Exhibit 99.1 and incorporated herein by reference.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits
| Exhibit Number |
Exhibit Title or Description | |
| 99.1 | Press Release by Mativ Holdings Inc., dated August 8, 2023 | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Mativ Holdings, Inc. | ||
| By: | /s/ Greg Weitzel | |
| Greg Weitzel | ||
| Executive Vice President and Chief Financial Officer | ||
Dated: August 8, 2023