--- schema_version: "secwatch.filing_event.v1" accession: "0001104659-24-114009" form_type: "8-K" ticker: "MAGN" cik: "0000041719" company_name: "Magnera Corp" filed_at: "2024-11-05T23:59:59+00:00" generated_at: "2026-05-30T05:37:27.847438+00:00" event_type: "m_and_a" sentiment: "neutral" materiality_score: 0.95 calibrated_materiality_score: 0.95 confidence: "high" source: SEC EDGAR --- # Magnera closes spin-off merger with Berry's HHNF Business, takes on $800M notes ## Summary - Berry separated and spun off its HHNF Business; Spinco merged into Magnera (formerly Glatfelter) on Nov 4, 2024. - Magnera assumed $800M 7.250% senior notes due 2031 and entered into $785M term loan and $350M ABL facility. - Company renamed Magnera Corporation; existing common stock underwent a reverse stock split. - Prior Glatfelter credit agreements (Fourth Amended and Restated Credit Agreement, 11.25% Term Loan) repaid and terminated. - Transition Services Agreement with Berry for up to 12 months to facilitate integration. ## SEC filing metadata - accession: 0001104659-24-114009 - form_type: 8-K - ticker: MAGN - cik: 0000041719 - company_name: Magnera Corp - filed_at: 2024-11-05T23:59:59+00:00 - event_type: m_and_a - sentiment: neutral - materiality_score: 0.95 - calibrated_materiality_score: 0.95 - confidence: high - sec_items: 1.01, 1.02, 2.01, 2.03, 4.01, 5.01, 5.02, 5.03, 5.05, 7.01, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/41719/000110465924114009/0001104659-24-114009-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/41719/000110465924114009/tm2427380d4_8k.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001104659-24-114009 - JSON: https://secwatch.observer/filing/0001104659-24-114009.json - Plain text: https://secwatch.observer/filing/0001104659-24-114009.txt ## Key facts - Executive change Paul Harmon was appointed as Executive Vice President, Global Innovation, Engineering & Sustainability at Magnera Corp. - Action: appointed - Role: Executive Vice President, Global Innovation, Engineering & Sustainability source text: Paul Harmon Executive Vice President, Global Innovation, Engineering & Sustainability evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000110465924114009/0001104659-24-114009-index.htm - Executive change Mary Dean Hall was appointed as Director at Magnera Corp. - Action: appointed - Role: Director source text: Michael (Mike) S. Curless, Samantha (Sam) J. Marnick, Carl J. (Rick) Rickertsen, Thomas (Tom) E. Salmon and Mary Dean Hall, Berry’s designees pursuant to its rights under the RMT Agreement, and Curtis L. Begle as the CEO designee, in accordance with the RMT Agreement, were elected to the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000110465924114009/0001104659-24-114009-index.htm - Executive change Thomas Fahnemann resigned as President and Chief Executive Officer at Magnera Corp. - Action: resigned - Role: President and Chief Executive Officer source text: Thomas Fahnemann resigned from his position as the President and Chief Executive Officer evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000110465924114009/0001104659-24-114009-index.htm - Executive change David Parks was appointed as President, Americas at Magnera Corp. - Action: appointed - Role: President, Americas source text: David Parks President, Americas evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000110465924114009/0001104659-24-114009-index.htm - Executive change Curtis L. Begle was appointed as Director at Magnera Corp. - Action: appointed - Role: Director source text: Michael (Mike) S. Curless, Samantha (Sam) J. Marnick, Carl J. (Rick) Rickertsen, Thomas (Tom) E. Salmon and Mary Dean Hall, Berry’s designees pursuant to its rights under the RMT Agreement, and Curtis L. Begle as the CEO designee, in accordance with the RMT Agreement, were elected to the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000110465924114009/0001104659-24-114009-index.htm - Executive change Ramesh Shettigar resigned as Senior Vice President, Chief Financial Officer & Treasurer at Magnera Corp. - Action: resigned - Role: Senior Vice President, Chief Financial Officer & Treasurer source text: Ramesh Shettigar resigned from his position as the Senior Vice President, Chief Financial Officer & Treasurer evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000110465924114009/0001104659-24-114009-index.htm - Executive change Thomas E. Salmon was appointed as Director at Magnera Corp. - Action: appointed - Role: Director source text: Michael (Mike) S. Curless, Samantha (Sam) J. Marnick, Carl J. (Rick) Rickertsen, Thomas (Tom) E. Salmon and Mary Dean Hall, Berry’s designees pursuant to its rights under the RMT Agreement, and Curtis L. Begle as the CEO designee, in accordance with the RMT Agreement, were elected to the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000110465924114009/0001104659-24-114009-index.htm - Executive change David C. Elder resigned as Vice President, Strategic Initiatives, Business Optimization & Chief Accounting Officer at Magnera Corp. - Action: resigned - Role: Vice President, Strategic Initiatives, Business Optimization & Chief Accounting Officer source text: David C. Elder resigned from his position as Vice President, Strategic Initiatives, Business Optimization & Chief Accounting Officer evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000110465924114009/0001104659-24-114009-index.htm - Executive change Kathy Vanderheyden was appointed as Executive Vice President, Global Operations Excellence & Integration, Quality & Regulatory, EHS at Magnera Corp. - Action: appointed - Role: Executive Vice President, Global Operations Excellence & Integration, Quality & Regulatory, EHS source text: Kathy Vanderheyden Executive Vice President, Global Operations Excellence & Integration, Quality & Regulatory, EHS evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000110465924114009/0001104659-24-114009-index.htm - Executive change Jill L. Urey was appointed as Executive Vice President, General Counsel and Corporate Secretary at Magnera Corp. - Action: appointed - Role: Executive Vice President, General Counsel and Corporate Secretary source text: Jill L. Urey Executive Vice President, General Counsel and Corporate Secretary evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000110465924114009/0001104659-24-114009-index.htm - Executive change Tarun Manroa was appointed as Executive Vice President and Chief Operating Officer at Magnera Corp. - Action: appointed - Role: Executive Vice President and Chief Operating Officer source text: Tarun Manroa Executive Vice President and Chief Operating Officer evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000110465924114009/0001104659-24-114009-index.htm - Executive change Robert Weilminster was appointed as Executive Vice President, Strategy, Integration, Corporate Development, Investor Relations at Magnera Corp. - Action: appointed - Role: Executive Vice President, Strategy, Integration, Corporate Development, Investor Relations source text: Robert Weilminster Executive Vice President, Strategy, Integration, Corporate Development, Investor Relations evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000110465924114009/0001104659-24-114009-index.htm - Executive change Samantha J. Marnick was appointed as Director at Magnera Corp. - Action: appointed - Role: Director source text: Michael (Mike) S. Curless, Samantha (Sam) J. Marnick, Carl J. (Rick) Rickertsen, Thomas (Tom) E. Salmon and Mary Dean Hall, Berry’s designees pursuant to its rights under the RMT Agreement, and Curtis L. Begle as the CEO designee, in accordance with the RMT Agreement, were elected to the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000110465924114009/0001104659-24-114009-index.htm - Executive change Boris Illetschko resigned as Senior Vice President, Chief Operating Officer at Magnera Corp. - Action: resigned - Role: Senior Vice President, Chief Operating Officer source text: Boris Illetschko resigned from his position as the Senior Vice President, Chief Operating Officer evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000110465924114009/0001104659-24-114009-index.htm - Executive change James Till was appointed as Executive Vice President, Chief Financial Officer and Treasurer at Magnera Corp. - Action: appointed - Role: Executive Vice President, Chief Financial Officer and Treasurer source text: James Till Executive Vice President, Chief Financial Officer and Treasurer evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000110465924114009/0001104659-24-114009-index.htm - Executive change Carl J. Rickertsen was appointed as Director at Magnera Corp. - Action: appointed - Role: Director source text: Michael (Mike) S. Curless, Samantha (Sam) J. Marnick, Carl J. (Rick) Rickertsen, Thomas (Tom) E. Salmon and Mary Dean Hall, Berry’s designees pursuant to its rights under the RMT Agreement, and Curtis L. Begle as the CEO designee, in accordance with the RMT Agreement, were elected to the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000110465924114009/0001104659-24-114009-index.htm - Executive change Curtis L. Begle was appointed as President and Chief Executive Officer at Magnera Corp. - Action: appointed - Role: President and Chief Executive Officer source text: Curtis L. Begle President and Chief Executive Officer evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000110465924114009/0001104659-24-114009-index.htm - Executive change Michael S. Curless was appointed as Director at Magnera Corp. - Action: appointed - Role: Director source text: Michael (Mike) S. Curless, Samantha (Sam) J. Marnick, Carl J. (Rick) Rickertsen, Thomas (Tom) E. Salmon and Mary Dean Hall, Berry’s designees pursuant to its rights under the RMT Agreement, and Curtis L. Begle as the CEO designee, in accordance with the RMT Agreement, were elected to the Board. evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000110465924114009/0001104659-24-114009-index.htm - Executive change Eileen L. Beck was appointed as Executive Vice President, Human Resources & Administration at Magnera Corp. - Action: appointed - Role: Executive Vice President, Human Resources & Administration source text: Eileen L. Beck Executive Vice President, Human Resources & Administration evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000110465924114009/0001104659-24-114009-index.htm - Executive change Achim Schalk was appointed as President, EMEIA/APAC at Magnera Corp. - Action: appointed - Role: President, EMEIA/APAC source text: Achim Schalk President, EMEIA/APAC evidence_url: https://www.sec.gov/Archives/edgar/data/41719/000110465924114009/0001104659-24-114009-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.