Mativ Holdings Inc. filed SEC Form 8-K: Leadership Update, Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits
$MATV
Paper
Basic Materials
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
(Commission file number)
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation) | (I.R.S. Employer Identification No.) | ||||||||||
| (Address of principal executive offices) | (Zip Code) | ||||||||||
1-770 -569-4229
(Registrant’s telephone number, including area code)
Not Applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Approval of Amendment No. 1 to the Mativ Holdings, Inc. 2024 Equity and Incentive Plan
At the 2025 Annual Meeting of Stockholders of Mativ Holdings, Inc. (the “Company”) held on April 30, 2025 (the “2025 Annual Meeting”), the Company’s stockholders approved Amendment No. 1 (the “Plan Amendment”) to the Mativ Holdings, Inc. 2024 Equity and Incentive Plan (“2024 Plan”), which previously had been approved by the Company’s Board of Directors (the “Board”) subject to stockholder approval. The Plan Amendment increases by 2,300,000 the maximum number of shares of common stock authorized to be issued under the 2024 Plan. Subject to the terms and conditions of the 2024 Plan, and after giving effect to the Plan Amendment, the number of shares of Company common stock authorized for grants under the 2024 Plan is 5,100,000 shares. Further information regarding the Plan Amendment was provided in the Company’s proxy statement filed with the Securities and Exchange Commission on March 21, 2025 (the “Proxy Statement”).
The foregoing description of the Plan Amendment does not purport to be complete and is qualified in its entirety by reference to the complete text of the Plan Amendment, which is attached hereto as Exhibit 10.1 and is incorporated herein by reference.
Item 5.07. Submission of Matters to a Vote of Security Holders
At the Company’s 2025 Annual Meeting of Stockholders held on April 30, 2025, the following matters were considered and acted upon with the results indicated below.
Proposal One - Election of Directors
The following individual was elected as Class III director to serve a three-year term:
Name of Nominee | FOR | WITHHELD | BROKER NON-VOTE | ||||||||
Kimberly E. Ritrievi, ScD | 45,958,023 | 1,366,519 | 3,720,357 | ||||||||
Proposal Two - Ratification of the Selection of Independent Registered Public Accounting Firm
| FOR | AGAINST | ABSTAIN | |||||||||
| Ratification of the selection of Deloitte & Touche LLP as the Company’s independent registered public accounting firm for 2025 | 50,277,342 | 729,887 | 37,670 | ||||||||
Proposal Three - Non-Binding Advisory Vote to Approve Executive Compensation
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTE | |||||||||||
| Stockholders vote, on an advisory basis, to approve the compensation paid to the Company’s Named Executive Officers (“say-on-pay” vote) | 44,914,471 | 2,011,425 | 398,646 | 3,720,357 | ||||||||||
Proposal Four - Approval of the Adoption of Amendment No. 1 to the Mativ Holdings, Inc. 2024 Equity and Incentive Plan
| FOR | AGAINST | ABSTAIN | BROKER NON-VOTE | |||||||||||
| Stockholders vote to approve Amendment No. 1 to the Mativ Holdings, Inc. 2024 Equity and Incentive Plan | 43,838,308 | 3,263,164 | 223,070 | 3,720,357 | ||||||||||
The above items are described in more detail in the Company’s Proxy Statement.
Item 9.01. Financial Statements and Exhibits.
10.1+ | |||||
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | ||||
+ Indicates management compensatory plan or arrangement.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Mativ Holdings, Inc.
(Registrant)
| By: | /s/ Mark W. Johnson | ||||
| Name: | Mark W. Johnson | ||||
| Title: | Chief Legal and Administrative Officer and Corporate Secretary | ||||
| Date: | May 2, 2025 | ||||