---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-014952"
form_type: "8-K/A"
ticker: "MAGN"
cik: "0000041719"
company_name: "Magnera Corp"
filed_at: "2024-02-12T23:59:59+00:00"
generated_at: "2026-06-06T04:32:30.660007+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Glatfelter signs definitive agreement to acquire Berry's nonwovens & hygiene films business; new CEO named

## Summary
- Glatfelter will acquire Berry's HHNF business via Reverse Morris Trust; Berry to distribute Spinco shares to its stockholders.
- Curtis L. Begle, currently president of Berry's HHNF division, will become Glatfelter CEO upon closing; Thomas Fahnemann to resign.
- Glatfelter approved a $6.0M aggregate cash retention program for key employees, paid in two installments post-closing.
- Begle will receive $1M base salary, 100% bonus target, $4.6M annual LTI grant, sign-on equity, and double-trigger vesting.
- Transaction subject to regulatory approvals, Glatfelter shareholder approval, and other customary conditions.

## SEC filing metadata
- accession: 0001104659-24-014952
- form_type: 8-K/A
- ticker: MAGN
- cik: 0000041719
- company_name: Magnera Corp
- filed_at: 2024-02-12T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/41719/000110465924014952/0001104659-24-014952-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/41719/000110465924014952/tm245924d1_8ka.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-014952
- JSON: https://secwatch.observer/filing/0001104659-24-014952.json
- Plain text: https://secwatch.observer/filing/0001104659-24-014952.txt

## Key facts
- Executive change
  Curtis L. Begle was appointed as Chief Executive Officer at Magnera Corp.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: Mr. Begle will be appointed as the Chief Executive Officer of the Company and will be appointed to the Board of Directors of the Company (“ Company Board ”) effective as of the closing of the Merger.
  evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000110465924014952/0001104659-24-014952-index.htm
- Material Agreements
  Magnera Corp entered into Separation and Distribution Agreement with Berry Global Group, Inc., Treasure Holdco, Inc. (effective 2024-02-06).
  - Action: entry
  - Agreement: supply
  - Counterparty: Berry Global Group, Inc., Treasure Holdco, Inc.
  - Effective: 2024-02-06
  source text: a Separation and Distribution Agreement, dated as of February 6, 2024 (the " Separation Agreement "), by and among the Company, Berry and Spinco
  evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000110465924014952/0001104659-24-014952-index.htm
- Material Agreements
  Magnera Corp entered into Tax Matters Agreement with Berry Global Group, Inc., Treasure Holdco, Inc. (effective 2024-02-06).
  - Action: entry
  - Counterparty: Berry Global Group, Inc., Treasure Holdco, Inc.
  - Effective: 2024-02-06
  source text: and · a Tax Matters Agreement, dated as of February 6, 2024, by and among the Company, Berry and Spinco, which governs the parties’
  evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000110465924014952/0001104659-24-014952-index.htm
- Material Agreements
  Magnera Corp entered into RMT Transaction Agreement with Berry Global Group, Inc., Treasure Holdco, Inc., Treasure Merger Sub I, Inc., Treasure Merger Sub II, LLC (effective 2024-02-06).
  - Action: entry
  - Agreement: merger
  - Counterparty: Berry Global Group, Inc., Treasure Holdco, Inc., Treasure Merger Sub I, Inc., Treasure Merger Sub II, LLC
  - Effective: 2024-02-06
  source text: a Reverse Morris Trust (" RMT ") Transaction Agreement, dated as of February 6, 2024 (the " RMT Transaction Agreement "), by and among the Company, Merger Subs, Berry and Spinco
  evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000110465924014952/0001104659-24-014952-index.htm
- Material Agreements
  Magnera Corp entered into Employee Matters Agreement with Berry Global Group, Inc., Treasure Holdco, Inc. (effective 2024-02-06).
  - Action: entry
  - Counterparty: Berry Global Group, Inc., Treasure Holdco, Inc.
  - Effective: 2024-02-06
  source text: · an Employee Matters Agreement, dated as of February 6, 2024, by and among the Company, Berry and Spinco, which governs the parties’
  evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000110465924014952/0001104659-24-014952-index.htm

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