home · filing · 0000041719-22-000036
8-K filed August 26, 2022, 7:59 PM ET
ticker MAGN
CIK 0000041719
leadership
confidence high
sentiment neutral
materiality 0.70
Glatfelter terminates CEO Dante Parrini; appoints Thomas Fahnemann as President & CEO
Magnera Corp
Thomas Fahnemann named President & CEO effective Aug 24, replacing Dante Parrini who was terminated Aug 23, 2022.
Fahnemann receives $1.05M base salary, special equity award of 600K shares (RSUs and performance shares), $250K transition cash.
Board splits CEO and Chairman roles; Kevin Fogarty appointed Non-Executive Chairman, Lee Stewart becomes Nominating Committee Chair.
Board cites global inflationary and geopolitical challenges as reason for leadership change; transition not related to operations or controls.
Q3 2022 earnings guidance unchanged; Q3 earnings call scheduled Nov 1, 2022.
Executive movements
Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements .
Effective 2022-08-24
Filed August 26, 2022, 7:59 PM ET
On August 23, 2022, the Company appointed Thomas Fahnemann, 61, to the roles of President and Chief Executive Officer, effective August 24, 2022.
Effective 2022-08-23
Successor Thomas Fahnemann
Filed August 26, 2022, 7:59 PM ET
On August 23, 2022, Glatfelter Corporation (the “Company”) terminated its Chairman and Chief Executive Officer, Dante C. Parrini, effective immediately.
Appointed
Thomas Fahnemann
Director
Effective 2022-08-24
Filed August 26, 2022, 7:59 PM ET
On August 23, 2022, Mr. Fahnemann was also appointed to the Company’s Board of Directors, effective August 24, 2022.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Thomas Fahnemann was appointed as President and Chief Executive Officer at Magnera Corp.
Action appointed
Role President and Chief Executive Officer
Exact text from the filing
On August 23, 2022, the Company appointed Thomas Fahnemann, 61, to the roles of President and Chief Executive Officer, effective August 24, 2022.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Dante C. Parrini was terminated as Chairman and Chief Executive Officer at Magnera Corp.
Action terminated
Role Chairman and Chief Executive Officer
Exact text from the filing
On August 23, 2022, Glatfelter Corporation (the “Company”) terminated its Chairman and Chief Executive Officer, Dante C. Parrini, effective immediately.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Thomas Fahnemann was appointed as Director at Magnera Corp.
Action appointed
Role Director
Exact text from the filing
On August 23, 2022, Mr. Fahnemann was also appointed to the Company’s Board of Directors, effective August 24, 2022.
View on SEC.gov
Source: SEC EDGAR
accession 0000041719-22-000036
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