---
schema_version: "secwatch.filing_event.v1"
accession: "0000041719-22-000036"
form_type: "8-K"
ticker: "MAGN"
cik: "0000041719"
company_name: "Magnera Corp"
filed_at: "2022-08-26T23:59:59+00:00"
generated_at: "2026-06-23T21:09:57.574868+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Glatfelter terminates CEO Dante Parrini; appoints Thomas Fahnemann as President & CEO

## Summary
- 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.

## SEC filing metadata
- accession: 0000041719-22-000036
- form_type: 8-K
- ticker: MAGN
- cik: 0000041719
- company_name: Magnera Corp
- filed_at: 2022-08-26T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 5.02, 5.03, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/41719/000004171922000036/0000041719-22-000036-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/41719/000004171922000036/form8-kx082622.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000041719-22-000036
- JSON: https://secwatch.observer/filing/0000041719-22-000036.json
- Plain text: https://secwatch.observer/filing/0000041719-22-000036.txt

## Key facts
- Executive change
  Thomas Fahnemann was appointed as President and Chief Executive Officer at Magnera Corp.
  - Action: appointed
  - Role: President and Chief Executive Officer
  source text: On August 23, 2022, the Company appointed Thomas Fahnemann, 61, to the roles of President and Chief Executive Officer, effective August 24, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000004171922000036/0000041719-22-000036-index.htm
- Executive change
  Dante C. Parrini was terminated as Chairman and Chief Executive Officer at Magnera Corp.
  - Action: terminated
  - Role: Chairman and Chief Executive Officer
  source text: On August 23, 2022, Glatfelter Corporation (the “Company”) terminated its Chairman and Chief Executive Officer, Dante C. Parrini, effective immediately.
  evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000004171922000036/0000041719-22-000036-index.htm
- Executive change
  Thomas Fahnemann was appointed as Director at Magnera Corp.
  - Action: appointed
  - Role: Director
  source text: On August 23, 2022, Mr. Fahnemann was also appointed to the Company’s Board of Directors, effective August 24, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000004171922000036/0000041719-22-000036-index.htm

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