Highest-materiality recent filing
Magnera Q3 net sales $857M, adj. EBITDA $99M; reaffirms FY free cash flow outlook
Q3 net sales $857M (+2% YoY); operating income $22M vs $13M prior year.
Magnera Q2 net sales $796M, op income $17M, adj EBITDA $90M, FCF $73M, reiterates FY guidance
GAAP operating income of $17M vs. $4M a year ago; net sales $796M, down 3% reported (9% comparable).
Magnera shareholders elect all nine director nominees, ratify auditor, approve say-on-pay
All nine director nominees elected; Thomas E. Salmon received most against votes (1.68M).
Magnera reports Q1 net sales $792M, adjusted EBITDA $93M; reaffirms FY guidance
GAAP net sales $792M, operating income $14M; adjusted EBITDA $93M.
Magnera appoints Erin Maile as EVP, Chief Accounting Officer
Erin Maile appointed EVP, Chief Accounting Officer, effective Feb 2, 2026.
Magnera sets annual meeting for March 9, 2026; proposal deadline Dec 9
Annual meeting scheduled for March 9, 2026; proxy statement to be filed later.
Magnera reports Q4 net sales $839M, adjusted EBITDA $90M; FY net sales $3.2B, adjusted EBITDA $354M
Q4 GAAP operating income $10M, net cash from operations $96M; FY operating income $5M.
Magnera EVP HR Beck to retire Dec 31; President Parks departure rescheduled to Nov 15
Eileen L. Beck, EVP Human Resources, transitions to advisory role Sept 27 until retirement on Dec 31, 2025.
David Parks, President Americas, to depart effective Nov 11, 2025 and intends to retire.
Magnera Q3 net sales $839M, op income $13M; reaffirms adj. EBITDA guidance
GAAP net sales $839M (up 51% YoY), operating income $13M (down from $17M).
Magnera Q2 net sales $824M, adj EBITDA $89M; lowers full-year EBITDA guidance
GAAP net sales $824M vs $558M year ago; operating income $4M vs $21M.
Magnera reports Q1 net sales $702M, adjusted EBITDA $84M; provides FY2025 outlook
GAAP net sales $702M (up 35% reported; comparable 2% adjusting for merger and FX); GAAP operating loss $22M.
Magnera completes HHNF spinoff merger; incorporates Spinco 10-K risk factors and audited financials
Transaction closed Nov 4, 2024: Berry's HHNF business merged into Magnera (f/k/a Glatfelter) via Reverse Morris Trust.
Magnera enters CEO employment agreement with Curtis L. Begle; grants PSUs to executives
CEO base salary $1M, target bonus 100% of base, LTI grants $4.6M, one-time special award $1.5M.
Magnera amends 8-K to correct director RSU grant for Mr. Fahnemann to $150,000
Amendment fixes scrivener's error: Mr. Fahnemann's RSU grant is $150,000, not a different amount.
Magnera closes spin-off merger with Berry's HHNF Business, takes on $800M notes
Berry separated and spun off its HHNF Business; Spinco merged into Magnera (formerly Glatfelter) on Nov 4, 2024.
Glatfelter Q3 net loss $20M, Adj. EBITDA $24.6M; merger closing Nov 4
Net sales $332M, GAAP net loss from continuing ops $20.0M ($0.44 EPS loss); adjusted EPS loss $0.26.
Glatfelter shareholders approve all merger proposals; 1-for-13 reverse stock split set for Nov 4
Shareholders approved share issuance, charter amendments (increase shares to 240M, reverse split), omnibus plan, and golden parachute compensation.
Glatfelter and Berry waive IRS ruling & tax opinion conditions to close HHNF merger
Waived condition for IRS private letter ruling on tax treatment of the spin-off and merger.
Two lawsuits filed Oct 2 and 3 (Williams, Wilhelm) alleging misleading disclosures in merger proxy.
Six Magnera Board designees named: Bruce Brown, Michael Curless, Thomas Fahnemann, Samantha Marnick, Carl Rickertsen, Thomas Salmon.
Glatfelter Q2 net sales $329M, net loss narrows to $15.8M; merger with Berry HHNF on track
Net sales $329M vs $357M YoY; GAAP net loss from cont ops $15.8M vs $36.6M loss a year ago.
Glatfelter VP, CAO David C. Elder to resign upon closing of Berry transaction
David C. Elder resigns as VP, Strategic Initiatives, Business Optimization & CAO effective at closing of Berry merger.
All seven director nominees elected with over 32M votes for each; highest votes for Thomas Fahnemann (32.5M).
All seven director nominees elected; votes for ranged from 31.4M to 32.5M with 5.7M broker non-votes.
Glatfelter Q1 net sales $327M, net loss $26.2M; merger with Berry HHNF on track for H2 2024
Net sales $327M, down 13.5% YoY from $378M in Q1 2023.
Glatfelter names Till CFO, Manroa COO for NewCo; Fogarty non-exec chair
James Till (Berry EVP/Controller) to be EVP CFO & Treasurer of NewCo; base salary $575k, bonus target 75%, LTIP $1.2M.
Glatfelter sets 2024 executive LTIs: CEO Fahnemann awarded $3M total, 75% equity, 25% cash
CEO Thomas Fahnemann receives $3,000,000 total award value (75% RSUs, 25% cash) for 2024.
Glatfelter Q4 net sales $320M, Adj EBITDA $25M; merger with Berry HHNF anticipated H2 2024
Q4 net sales $320M, loss from continuing ops $8.6M ($0.19 diluted EPS loss); adj EPS loss $0.04.
Glatfelter will acquire Berry's HHNF business via Reverse Morris Trust; Berry to distribute Spinco shares to its stockholders.
Glatfelter merges with Berry's HHNF in $3.6B Reverse Morris Trust; GLT holders get 10%
Transaction valued at $3.6B enterprise value; pro forma revenue ~$3.6B, Adj. EBITDA ~$455M.
Glatfelter reports Q3 net loss $19.7M, lowers FY 2023 EBITDA guidance by $10M
Net sales $330M, down from $372M YoY; GAAP net loss from continuing ops $19.7M ($0.43 EPS loss).
Glatfelter announces resignation of director Lee C. Stewart
Lee C. Stewart resigned from Board effective Sept 25, 2023 for reasons unrelated to the company.
Glatfelter director Lee C. Stewart resigns from board, effective Sept 25, 2023
Resignation effective Sept 25, 2023, not due to any disagreement with the company.
Glatfelter sells Ober-Schmitten facility to Ostrest GmbH; expects ~$15M loss
Sale of Ober-Schmitten GmbH and related Asia distributor operations to Ostrest GmbH effective Aug. 15, 2023.
Glatfelter estimates $10.4M cash severance costs for Germany facility closure
Estimate includes $10.4M cash expenses for employee severance and benefits at Ober-Schmitten, Germany facility.
Glatfelter Q2 net loss $36.6M; guides FY EBITDA down to $100-110M
Net sales $357M; GAAP net loss $36.6M ($0.82 EPS loss) vs $2.5M loss in Q2 2022.
Glatfelter closes Ober-Schmitten, Germany facility; ~180 employees affected
Closure of Composite Fibers segment facility due to ongoing losses in electrical and glassine specialty papers.
Glatfelter shareholders approve increase in equity plan shares by 675,000 and elect eight directors
Equity Plan amended to add 675,000 shares; plan expires May 4, 2032.
Glatfelter Q1 net loss $13.6M, adjusted EBITDA up to $24.8M; reaffirms FY23 guidance $110-120M
Net loss of $13.6M (diluted EPS -$0.30) vs net loss $108.3M in Q1 2022; adjusted EPS -$0.13 vs -$0.14.
Glatfelter appoints Boris Illetschko as COO; two senior executives depart
Boris Illetschko appointed SVP, COO effective by October 1, 2023, consolidating commercial and supply chain roles.
Glatfelter enters €250M term loan at 11.25% and amends revolver to $250M
New €250M senior secured term loan facility with 6-year maturity, interest at 11.25% per annum.
Glatfelter Q4 net loss $34.1M; goodwill impairment $30.7M; 2023 EBITDA guidance $110-120M
Net loss from continuing ops $34.1M (EPS -$0.76); adjusted EPS -$0.16 vs +$0.04 YoY.
Glatfelter enters €250M term loan facility with Angelo Gordon at 11.25% interest
€250M senior secured term loan facility from Angelo Gordon; 6-year term, 11.25% fixed rate.
Glatfelter amends bylaws to clarify proxy access eligibility requirements
Board adopted bylaw amendments on Dec 2, 2022, covering proxy access nominee cap and minimum ownership threshold.
Glatfelter amends bylaws with proxy access caps and ownership thresholds
Board adopted amendments on December 2, 2022, to clarify proxy access eligibility requirements.
Glatfelter shareholders approve governance amendments including majority voting and proxy access
At Nov 11, 2022 special meeting, shareholders approved majority voting standard for uncontested director elections.
Glatfelter shareholders approve six governance amendments at special meeting
Majority voting standard approved (33.2M for, 213.6K against).
Glatfelter Q3 net loss $49.3M; EPS -$1.10; Spunlace goodwill impairment $42.5M; launches turnaround
Net loss from continuing ops $49.3M vs. income $8.1M a year ago; adjusted EPS -$0.10 vs. +$0.21.
Glatfelter finalizes severance for ex-CEO Parrini: $100k/mo consulting, 3 months
Former CEO Dante C. Parrini entered Separation Agreement on Sept 13, 2022; resigned from board same day.
Paul Harmon Executive Vice President, Global Innovation, Engineering & Sustainability
Michael (Mike) S. Curless, Samantha (Sam) J. Marnick, Carl J. (Rick) Rickertsen, Thomas (Tom) E. Salmon and Mary Dean Hall, Berry’s designees pursuant to its rights under the RMT Agreement, and Curtis L. Begle as the CEO designee, in accordance with the RMT Agreement, were elected to the Board.
Thomas Fahnemann resigned from his position as the President and Chief Executive Officer
David Parks President, Americas
Michael (Mike) S. Curless, Samantha (Sam) J. Marnick, Carl J. (Rick) Rickertsen, Thomas (Tom) E. Salmon and Mary Dean Hall, Berry’s designees pursuant to its rights under the RMT Agreement, and Curtis L. Begle as the CEO designee, in accordance with the RMT Agreement, were elected to the Board.
Ramesh Shettigar resigned from his position as the Senior Vice President, Chief Financial Officer & Treasurer
Michael (Mike) S. Curless, Samantha (Sam) J. Marnick, Carl J. (Rick) Rickertsen, Thomas (Tom) E. Salmon and Mary Dean Hall, Berry’s designees pursuant to its rights under the RMT Agreement, and Curtis L. Begle as the CEO designee, in accordance with the RMT Agreement, were elected to the Board.
David C. Elder resigned from his position as Vice President, Strategic Initiatives, Business Optimization & Chief Accounting Officer
Kathy Vanderheyden Executive Vice President, Global Operations Excellence & Integration, Quality & Regulatory, EHS
Jill L. Urey Executive Vice President, General Counsel and Corporate Secretary
Tarun Manroa Executive Vice President and Chief Operating Officer
Robert Weilminster Executive Vice President, Strategy, Integration, Corporate Development, Investor Relations
Max materiality 0.95 · Median 0.62 · Most common event earnings