8-K/A filed September 22, 2022, 7:59 PM ET ticker MAGN CIK 0000041719

leadership confidence high sentiment neutral materiality 0.50

Glatfelter finalizes severance for ex-CEO Parrini: $100k/mo consulting, 3 months

Magnera Corp

Former CEO Dante C. Parrini entered Separation Agreement on Sept 13, 2022; resigned from board same day.
Consulting agreement: 3 months at $100,000/month; service limited to ≤20% of prior 36-month average.
Company waived its policy reducing severance by 50% if new employment obtained during payout period.

item 5.02

Executive movements

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Departed

Dante C. Parrini

Chairman and Chief Executive Officer

MAGN · Magnera Corp

Effective: 2022-09-13
Filed: September 22, 2022, 7:59 PM ET

the termination of Dante C. Parrini as the Chairman and Chief Executive Officer of the Company.

Key facts

Extracted from this filing and checked against the source text.

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

the termination of Dante C. Parrini as the Chairman and Chief Executive Officer of the Company.

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Magnera Corp filing history →

Source: SEC EDGAR

accession 0000041719-22-000044

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