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.

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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 23:59 UTC

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

Source: SEC EDGAR

accession 0001000623-25-000031

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