Highest-materiality recent filing
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.
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 0.60 · Most common event earnings