secwatch.observer — SEC 8-K summary
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Issuer:     Magnera Corp (MAGN)
CIK:        0000041719
Form:       8-K
Filed at:   2024-12-20T23:59:59+00:00
Accession:  0001104659-24-130796
Event type: leadership
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/41719/000110465924130796/0001104659-24-130796-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/41719/000110465924130796/tm2431679d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-130796

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