---
schema_version: "secwatch.filing_event.v1"
accession: "0000041719-22-000017"
form_type: "8-K"
ticker: "MAGN"
cik: "0000041719"
company_name: "Magnera Corp"
filed_at: "2022-04-04T23:59:59+00:00"
generated_at: "2026-06-26T09:56:19.496681+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Glatfelter promotes Ramesh Shettigar to CFO; Samuel Hillard resigns effective May 6, 2022

## Summary
- Samuel Hillard resigns as SVP & CFO to pursue opportunity at early-stage tech company; departure unrelated to operations or controls.
- Ramesh Shettigar promoted from VP, ESG, IR & Treasurer to SVP, CFO & Treasurer, effective May 6, 2022.
- Shettigar's base salary increases to $425,000 (from $334,750); target cash bonus rises from 45% to 60% of base.
- Shettigar joined Glatfelter in 2014; roles have included treasury, IR, and corporate development leadership.
- Hillard will participate in Q1 earnings call on May 3 and Annual Meeting on May 5 before his departure.

## SEC filing metadata
- accession: 0000041719-22-000017
- form_type: 8-K
- ticker: MAGN
- cik: 0000041719
- company_name: Magnera Corp
- filed_at: 2022-04-04T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/41719/000004171922000017/0000041719-22-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/41719/000004171922000017/glt-20220330.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000041719-22-000017
- JSON: https://secwatch.observer/filing/0000041719-22-000017.json
- Plain text: https://secwatch.observer/filing/0000041719-22-000017.txt

## Key facts
- Executive change
  Ramesh Shettigar was appointed as Senior Vice President, Chief Financial Officer & Treasurer at Magnera Corp.
  - Action: appointed
  - Role: Senior Vice President, Chief Financial Officer & Treasurer
  source text: the Company’s Board of Directors has appointed Ramesh Shettigar, the Company’s Vice President, ESG, Investor Relations & Corporate Treasurer, to the position of Senior Vice President, Chief Financial Officer & Treasurer, effective as of May 6, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000004171922000017/0000041719-22-000017-index.htm
- Executive change
  Samuel L. Hillard resigned as Senior Vice President, Chief Financial Officer at Magnera Corp.
  - Action: resigned
  - Role: Senior Vice President, Chief Financial Officer
  source text: who advised the Board of Directors on March 30, 2022 of his resignation to pursue other opportunities.
  evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000004171922000017/0000041719-22-000017-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.