secwatch.observer — SEC 8-K summary
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Issuer:     Mativ Holdings, Inc. (MATV)
CIK:        0001000623
Form:       8-K
Filed at:   2025-05-23T23:59:59+00:00
Accession:  0001000623-25-000031
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1000623/000100062325000031/0001000623-25-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1000623/000100062325000031/matv-20250523.htm
  HTML page:      https://secwatch.observer/filing/0001000623-25-000031

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