---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-130796"
form_type: "8-K"
ticker: "MAGN"
cik: "0000041719"
company_name: "Magnera Corp"
filed_at: "2024-12-20T23:59:59+00:00"
generated_at: "2026-05-29T00:40:10.346539+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Magnera enters CEO employment agreement with Curtis L. Begle; grants PSUs to executives

## Summary
- CEO base salary $1M, target bonus 100% of base, LTI grants $4.6M, one-time special award $1.5M.
- Executive severance plan adopted: 1x salary+bonus on non-cause termination; 2x on change in control.
- PSUs granted to 7 executives (e.g., Begle 182,636; Till 47,644) with 3-year performance period.
- CEO eligible for COBRA payments for 12 months (24 months after change in control).

## SEC filing metadata
- accession: 0001104659-24-130796
- form_type: 8-K
- ticker: MAGN
- cik: 0000041719
- company_name: Magnera Corp
- filed_at: 2024-12-20T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/41719/000110465924130796/0001104659-24-130796-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/41719/000110465924130796/tm2431679d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-130796
- JSON: https://secwatch.observer/filing/0001104659-24-130796.json
- Plain text: https://secwatch.observer/filing/0001104659-24-130796.txt

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