Matthews closes sale of SGK Brand Solutions; receives $250M cash, 40% equity in new JV

MATTHEWS INTERNATIONAL CORP

Upfront consideration of $350M: $250M cash at closing, $50M preferred equity, $50M trade receivables retained; plus 40% common equity in new entity.
Cash proceeds used to significantly reduce outstanding debt, strengthening balance sheet for future initiatives.
New entity combining SGK and SGS projected to realize >$50M annual cost synergies over 30 months; Gary Kohl appointed CEO, Matthew Gresge Executive Chairman.
Gary Kohl, former Group President SGK, resigned as Matthews executive officer; his restricted stock units amended to guarantee vesting at 100% of targets.
SGK business no longer fully consolidated; reported under equity method. Board's strategic review of remaining portfolio ongoing.

item 2.01 item 5.02 item 7.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Departed

Gary R. Kohl

Group President, SGK Brand Solutions

MATW · MATTHEWS INTERNATIONAL CORP

Filed: May 1, 2025, 7:59 PM ET

Gary R. Kohl, Group President, SGK Brand Solutions was appointed Chief Executive Officer of the Joint Venture and resigned as an executive officer of Matthews.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Gary R. Kohl resigned as Group President, SGK Brand Solutions at MATTHEWS INTERNATIONAL CORP.

Action: resigned
Role: Group President, SGK Brand Solutions

Exact text from the filing

Gary R. Kohl, Group President, SGK Brand Solutions was appointed Chief Executive Officer of the Joint Venture and resigned as an executive officer of Matthews.

View on SEC.gov

MATTHEWS INTERNATIONAL CORP filing history →

Source: SEC EDGAR

accession 0001193125-25-110083

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.