---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-014723"
form_type: "8-K/A"
ticker: null
cik: "0001378992"
company_name: "BERRY GLOBAL GROUP, INC."
filed_at: "2024-02-12T23:59:59+00:00"
generated_at: "2026-06-06T04:12:25.700351+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Berry Global signs definitive agreements to spin off HHNF and merge with Glatfelter; Begle to lead combined firm

## Summary
- Berry will transfer its global nonwovens and hygiene films business (HHNF) to Spinco, then merge with Glatfelter in a reverse Morris trust transaction.
- Curt Begle, current HHNF division president, will become CEO of the combined company; gets $1.5M transaction bonus and up to $3.0075M sales incentive.
- Glatfelter will effect a reverse stock split and increase authorized shares from 120M to 240M.
- Transaction is subject to regulatory and shareholder approvals; closing conditions include tax-free treatment under Section 368(a)(1)(F) and 355.

## SEC filing metadata
- accession: 0001104659-24-014723
- form_type: 8-K/A
- cik: 0001378992
- company_name: BERRY GLOBAL GROUP, INC.
- filed_at: 2024-02-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1378992/000110465924014723/0001104659-24-014723-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1378992/000110465924014723/tm245810d1_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-014723
- JSON: https://secwatch.observer/filing/0001104659-24-014723.json
- Plain text: https://secwatch.observer/filing/0001104659-24-014723.txt

## Key facts
- Executive change
  Curt Begle was appointed as Chief Executive Officer at BERRY GLOBAL GROUP, INC..
  - Action: appointed
  - Role: Chief Executive Officer
  source text: The RMT Transaction Agreement provides that, contingent on the closing of the transactions, Curt Begle will depart as President of the Company’s Health, Hygiene & Specialties Division and will be appointed as Chief Executive Officer of the combined company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1378992/000110465924014723/0001104659-24-014723-index.htm
- Material Agreements
  BERRY GLOBAL GROUP, INC. entered into Transaction Agreements with Glatfelter Corporation, Treasure Holdco, Inc., Treasure Merger Sub I, Inc., Treasure Merger Sub II, LLC valued at Entry into definitive agreements for the transfer of the HHNF Business to Spinco and subsequent merg (effective 2024-02-06).
  - Action: entry
  - Agreement: merger
  - Counterparty: Glatfelter Corporation, Treasure Holdco, Inc., Treasure Merger Sub I, Inc., Treasure Merger Sub II, LLC
  - Value: Entry into definitive agreements for the transfer of the HHNF Business to Spinco and subsequent merg
  - Effective: 2024-02-06
  source text: As previously disclosed in a Current Report on Form 8-K filed by Berry Global Group, Inc. (the “Company”) with the Securities and Exchange Commission (the “SEC”) on February 7, 2024, the Company, Treasure Holdco, Inc., a Delaware corporation and a wholly owned subsidiary of the Company (“Spinco”), entered into certain definitive agreements with Glatfelter Corporation, a Pennsylvania corporation (“Glatfelter”), Treasure Merger Sub I, Inc., a Delaware corporation and a wholly owned subsidiary of Glatfelter (“First Merger Sub”) and Treasure Merger Sub II, LLC, a Delaware limited liability company and a wholly owned subsidiary of Glatfelter (“Second Merger Sub” and together with First Merger Sub, the “Merger Subs”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1378992/000110465924014723/0001104659-24-014723-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.