Mativ announces CHRO departure effective June 1; grants 184k retention RSUs to two executives

Mativ Holdings, Inc.

Michael Rickheim (CHRO) departs June 1, 2025; treated as involuntary without cause.
Rickheim gets $1,158,300 cash severance, prorated bonus, 8,130 time-based and 17,826 performance-based RSUs, plus $71,682 outplacement/COBRA.
Ryan Elwart (Group President) receives 94,828 retention RSUs; Mark Johnson (Chief Legal) gets 89,655 RSUs; all vest May 23, 2027.
Non-compete applies for one year post-departure.

item 5.02 item 9.01

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Departed

Michael W. Rickheim

Chief Human Resources and Communications Officer

MATV · Mativ Holdings, Inc.

Effective: 2025-06-01
Filed: May 23, 2025, 7:59 PM ET

Michael W. Rickheim, the Company’s Chief Human Resources and Communications Officers, would depart from the Company, effective as of June 1, 2025

Key facts

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Executive change SEC 8-K Item 5.02 confidence 0.95

Michael W. Rickheim departed as Chief Human Resources and Communications Officer at Mativ Holdings, Inc..

Action: depart
Role: Chief Human Resources and Communications Officer

Exact text from the filing

Michael W. Rickheim, the Company’s Chief Human Resources and Communications Officers, would depart from the Company, effective as of June 1, 2025

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Source: SEC EDGAR

accession 0001000623-25-000031

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