Glatfelter CEO Dante Parrini resigns from board; enters 3-month $100K/month consulting pact

Magnera Corp

Dante C. Parrini resigned as director effective September 13, 2022, per Separation Agreement.
Consulting Agreement for three months at $100,000 per month; services limited to ≤20% of prior average level.
Company waived policy that reduces severance by 50% if Parrini obtains new employment during payout.
Termination previously announced August 26, 2022; changes not related to operations, financial reporting, or conduct.

item 5.02

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Departed

Dante C. Parrini

Director

MAGN · Magnera Corp

Effective: 2022-09-13
Filed: September 15, 2022, 7:59 PM ET

Under the terms of the Separation Agreement (as defined below), Mr. Parrini resigned from the board of directors of the Company, effective as of September 13, 2022.

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Dante C. Parrini resigned as Director at Magnera Corp.

Action: resigned
Role: Director

Exact text from the filing

Under the terms of the Separation Agreement (as defined below), Mr. Parrini resigned from the board of directors of the Company, effective as of September 13, 2022.

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Magnera Corp filing history →

Source: SEC EDGAR

accession 0000041719-22-000040

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