secwatch.observer — SEC 8-K summary
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Issuer:     Magnera Corp (MAGN)
CIK:        0000041719
Form:       8-K/A
Filed at:   2022-09-22T23:59:59+00:00
Accession:  0000041719-22-000044
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/41719/000004171922000044/0000041719-22-000044-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/41719/000004171922000044/formax092222amendmentto915.htm
  HTML page:      https://secwatch.observer/filing/0000041719-22-000044

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