8-K
filed April 5, 2023, 7:59 PM ET
ticker MAGN
CIK 0000041719
leadership
confidence high
sentiment neutral
materiality 0.60
Glatfelter appoints Boris Illetschko as COO; two senior executives depart
Magnera Corp
- Boris Illetschko appointed SVP, COO effective by October 1, 2023, consolidating commercial and supply chain roles.
- Christopher Astley (Chief Commercial Officer) and Wolfgang Laures (SVP Supply Chain) separate effective immediately.
- Company states changes are not related to operations, financial reporting, controls, or personal conduct.
- Illetschko receives €425k base salary, €276k target short-term incentive, and €450k long-term incentive award.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Wolfgang Laures departed as Senior Vice President, Integrated Global Supply Chain and IT at Magnera Corp.
- Action
- separated
- Role
- Senior Vice President, Integrated Global Supply Chain and IT
Exact text from the filing
Wolfgang Laures will separate from employment with the Company as the Company’s Senior Vice President, Integrated Global Supply Chain and IT
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Christopher W. Astley departed as Senior Vice President, Chief Commercial Officer at Magnera Corp.
- Action
- separated
- Role
- Senior Vice President, Chief Commercial Officer
Exact text from the filing
Christopher W. Astley will separate from employment with the Company as the Company’s Senior Vice President, Chief Commercial Officer
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Boris Illetschko was appointed as Senior Vice President, Chief Operating Officer at Magnera Corp.
- Action
- appointed
- Role
- Senior Vice President, Chief Operating Officer
Exact text from the filing
the Board appointed Boris Illetschko as the Company’s Senior Vice President, Chief Operating Officer, effective as of October 1, 2023
View on SEC.gov
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Magnera Corp: Amended Bylaws to provide consistency with the director election standard in the Articles of Incorporation adopted at the November 2022 special meeting of shareholders (effective 2023-04-05).
- Change
- bylaw amendment
- Effective
- 2023-04-05
Exact text from the filing
On April 5, 2023, the Board amended the Company’s Amended and Restated Bylaws (the “Bylaws”) to provide consistency with the director election standard in the Company’s Articles of Incorporation adopted at the November 2022 special meeting of shareholders.
View on SEC.gov
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