---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-23-271467"
form_type: "8-K"
ticker: "TG"
cik: "0000850429"
company_name: "TREDEGAR CORP"
filed_at: "2023-11-06T23:59:59+00:00"
generated_at: "2026-06-08T21:41:53.965352+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Tredegar Corporation Enters Pension Buyout Agreement with Massachusetts Mutual Life Insurance Company

## Summary
- Purchased a nonparticipating single premium group annuity contract for approximately $157.5 million.
- Company contributed about $27.7 million to fully fund the Tredegar Corporation Retirement Income Plan.
- Transfer of pension liabilities affects 2,782 U.S. retirees, beneficiaries, and vested terminated participants.
- Expects to recognize a non-cash pension settlement charge of approximately $69 million in Q4 2023.
- Massachusetts Mutual Life Insurance Company will begin paying benefits on January 1, 2024.

## SEC filing metadata
- accession: 0001193125-23-271467
- form_type: 8-K
- ticker: TG
- cik: 0000850429
- company_name: TREDEGAR CORP
- filed_at: 2023-11-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/850429/000119312523271467/0001193125-23-271467-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/850429/000119312523271467/d578688d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-23-271467
- JSON: https://secwatch.observer/filing/0001193125-23-271467.json
- Plain text: https://secwatch.observer/filing/0001193125-23-271467.txt

## Key facts
- Material Agreements
  TREDEGAR CORP entered into Commitment Agreement with Massachusetts Mutual Life Insurance Company valued at approximately $157.5 million (effective 2023-10-31).
  - Action: entry
  - Counterparty: Massachusetts Mutual Life Insurance Company
  - Value: approximately $157.5 million
  - Effective: 2023-10-31
  source text: On October 31, 2023, Tredegar Corporation (the “Company”) entered into a commitment agreement (the “Commitment Agreement”) with Massachusetts Mutual Life Insurance Company (the “Insurer”) pursuant to which the Company purchased a nonparticipating single premium group annuity contract for approximately $157.5 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/850429/000119312523271467/0001193125-23-271467-index.htm

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