secwatch.observer — SEC 8-K summary
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Issuer:     Magnera Corp (MAGN)
CIK:        0000041719
Form:       8-K
Filed at:   2022-04-04T23:59:59+00:00
Accession:  0000041719-22-000017
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/41719/000004171922000017/0000041719-22-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/41719/000004171922000017/glt-20220330.htm
  HTML page:      https://secwatch.observer/filing/0000041719-22-000017

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer