secwatch.observer — SEC 8-K summary
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Issuer:     Magnera Corp (MAGN)
CIK:        0000041719
Form:       8-K
Filed at:   2022-08-26T23:59:59+00:00
Accession:  0000041719-22-000036
Event type: leadership
Sentiment:  neutral
Materiality: 0.70
Item codes: 5.02, 5.03, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/41719/000004171922000036/0000041719-22-000036-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/41719/000004171922000036/form8-kx082622.htm
  HTML page:      https://secwatch.observer/filing/0000041719-22-000036

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