secwatch.observer — SEC 8-K summary
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Issuer:     Magnera Corp (MAGN)
CIK:        0000041719
Form:       8-K
Filed at:   2024-10-23T23:59:59+00:00
Accession:  0001104659-24-110888
Event type: m_and_a
Sentiment:  positive
Materiality: 0.65
Item codes: 5.07, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Glatfelter shareholders approve all merger proposals; 1-for-13 reverse stock split set for Nov 4
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- Shareholders approved share issuance, charter amendments (increase shares to 240M, reverse split), omnibus plan, and golden parachute compensation.
- Over 30M votes cast in favor of share issuance proposal; reverse split ratio set at 1-for-13.
- Transaction with Berry's HHNF business expected to close on November 4, 2024.
- Reverse split effective 12:01 AM ET on Nov 4; post-split trading under new CUSIP 55939A 107.
- No fractional shares issued; proceeds from aggregated fractions distributed pro rata.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/41719/000110465924110888/0001104659-24-110888-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/41719/000110465924110888/tm2426716d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-110888

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