---
schema_version: "secwatch.filing_event.v1"
accession: "0000041719-23-000033"
form_type: "8-K/A"
ticker: "MAGN"
cik: "0000041719"
company_name: "Magnera Corp"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T09:49:57.686892+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Glatfelter estimates $10.4M cash severance costs for Germany facility closure

## Summary
- Estimate includes $10.4M cash expenses for employee severance and benefits at Ober-Schmitten, Germany facility.
- Additional $0.4M non-cash shutdown costs recognized in Q2 2023 financials.
- Negotiations with Works Council ongoing; total costs may change.
- Operations expected to cease in Q3 2023 with decommissioning to follow.

## SEC filing metadata
- accession: 0000041719-23-000033
- form_type: 8-K/A
- ticker: MAGN
- cik: 0000041719
- company_name: Magnera Corp
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/41719/000004171923000033/0000041719-23-000033-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/41719/000004171923000033/glt-20230531.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000041719-23-000033
- JSON: https://secwatch.observer/filing/0000041719-23-000033.json
- Plain text: https://secwatch.observer/filing/0000041719-23-000033.txt

## Key facts
- Restructurings & Charges
  Magnera Corp announced a restructuring with charges of approximately $10.4 million of cash expenses in connection with employee severance and benefit costs affecting Ober-Schmitten, Germany facility.
  - Type: restructuring
  - Charge: approximately $10.4 million of cash expenses in connection with employee severance and benefit costs
  - Affected area: Ober-Schmitten, Germany facility
  source text: The Company now estimates that it will incur approximately $10.4 million of cash expenses in connection with employee severance and benefit costs associated with the termination of the employees at the Facility and will recognized an expense for this amount in its second quarter 2023 financial statements for the three and six months ended June 30, 2023 included in its second quarter 2023 Form 10-Q.
  evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000004171923000033/0000041719-23-000033-index.htm

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