---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-014289"
form_type: "8-K"
ticker: "MATV"
cik: "0001000623"
company_name: "Mativ Holdings, Inc."
filed_at: "2024-01-24T23:59:59+00:00"
generated_at: "2026-06-06T18:57:07.593852+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Mativ announces restructuring to cut overhead costs by $40M annually by 2026

## Summary
- Overhead cost reduction run-rate of $20M in 2024, additional $20M by end 2026, total ~15% overhead reduction.
- Restructuring charges estimated $15-20M in 2024, mostly in first half, primarily employee severance.
- Reorganizes into Filtration & Advanced Materials and Sustainable & Adhesive Solutions segments.
- Workforce reduction indexed to senior levels; most actions in Q1 2024.
- Executive appointments: Stenzel (Group President Filtration), Elwart (Group President Sustainable) from Georgia-Pacific, Downard (Chief Supply Chain Officer) effective Jan 30.

## SEC filing metadata
- accession: 0001193125-24-014289
- form_type: 8-K
- ticker: MATV
- cik: 0001000623
- company_name: Mativ Holdings, Inc.
- filed_at: 2024-01-24T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.05, 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1000623/000119312524014289/0001193125-24-014289-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1000623/000119312524014289/d756009d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-014289
- JSON: https://secwatch.observer/filing/0001193125-24-014289.json
- Plain text: https://secwatch.observer/filing/0001193125-24-014289.txt

## Key facts
- Executive change
  Christoph Stenzel was appointed as Group President, Filtration and Advanced Materials at Mativ Holdings, Inc..
  - Action: appointed
  - Role: Group President, Filtration and Advanced Materials
  source text: Christoph Stenzel has been appointed as Group President, Filtration and Advanced Materials.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1000623/000119312524014289/0001193125-24-014289-index.htm
- Executive change
  Andrew Downard was appointed as Chief Supply Chain Officer at Mativ Holdings, Inc..
  - Action: appointed
  - Role: Chief Supply Chain Officer
  source text: Andrew Downard has been appointed as Chief Supply Chain Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1000623/000119312524014289/0001193125-24-014289-index.htm
- Executive change
  Ryan Elwart was appointed as Group President, Sustainable and Adhesive Solutions at Mativ Holdings, Inc..
  - Action: appointed
  - Role: Group President, Sustainable and Adhesive Solutions
  source text: Ryan Elwart has been appointed as Group President, Sustainable and Adhesive Solutions.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1000623/000119312524014289/0001193125-24-014289-index.htm
- Restructurings & Charges
  Mativ Holdings, Inc. announced a restructuring with charges of $15 million to $20 million affecting organizational realignment (reduce its workforce, indexed toward senior levels of the organization).
  - Type: restructuring
  - Charge: $15 million to $20 million
  - Affected area: organizational realignment
  - Headcount: reduce its workforce, indexed toward senior levels of the organization
  source text: The Company estimates that it will incur approximately $15 million to $20 million in restructuring and restructuring-related charges in 2024 in connection with the Plan, consisting primarily of employee severance payments and other termination benefits, which are expected to be incurred predominantly in the first half of 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1000623/000119312524014289/0001193125-24-014289-index.htm

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