secwatch.observer — SEC 8-K summary
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Issuer:     Magnera Corp (MAGN)
CIK:        0000041719
Form:       8-K
Filed at:   2023-04-05T23:59:59+00:00
Accession:  0000929638-23-001090
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 5.03, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Glatfelter appoints Boris Illetschko as COO; two senior executives depart
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/41719/000092963823001090/0000929638-23-001090-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/41719/000092963823001090/a8k.htm
  HTML page:      https://secwatch.observer/filing/0000929638-23-001090

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer