Schweitzer-Mauduit International Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits (Amendment)

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  • Deborah Borg Appointed IFF's EVP, Chief Human Resources and Diversity & Inclusion Officer

    IFF (NYSE:IFF) today announced that Deborah Borg will join the Company as Executive Vice President, Chief Human Resources and Diversity & Inclusion Officer, effective August 29, 2022. Peter Sommers—currently Interim Chief Human Resources Officer—will resume the position of VP, Global People Services and support Borg for a seamless transition. Borg joins IFF from Bunge Limited, where she served as Chief Human Resources and Communications Officer since 2016. In that role, she was responsible for its people, culture, communications strategy and operations for the company's 25,000-employee global Agribusiness and Food organizations. Prior to joining Bunge, she served in a variety of leadership

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  • Omnicell, Southwestern Energy and Ormat Technologies Set to Join S&P MidCap 400; Others to Join S&P SmallCap 600

    NEW YORK, June 28, 2022 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P MidCap 400 and S&P SmallCap 600 indices: S&P SmallCap 600 constituent Omnicell Inc (NASD: OMCL) will replace Coherent Inc. (NASD: COHR) in the S&P MidCap 400, and Stride Inc (NYSE:LRN) will replace Omnicell in the S&P SmallCap 600 effective prior to the opening of trading on Tuesday, July 5. S&P MidCap 400 constituent II-VI Inc. (NASD: IIVI) is acquiring Coherent in a deal expected to be completed on July 1, pending final closing conditions.S&P SmallCap 600 constituent Southwestern Energy Co. (NYSE:SWN) will replace CDK Global Inc. (NASD:CDK) in the S&P MidCap 400, and Frontdo

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  • SWM and Neenah Introduce Mativ, Inc., a ~$3 Billion Global Leader in Specialty Materials, Formed From the Pending Merger of Equals

    Schweitzer-Mauduit International, Inc. (NYSE:SWM) ("SWM") and Neenah, Inc. (NYSE:NP) ("Neenah"), two leading global manufacturers of specialty materials, today announced the future name of the combined company upon completing the pending all-stock merger of equals. Each company's shareholders are scheduled to vote on the transaction on June 29, 2022. The transaction is expected to close on or around July 1, 2022, subject to Neenah and SWM shareholder approval, approval by antitrust authorities in Poland, and other customary closing conditions. Upon close, the new company name will be Mativ, Inc. ("Mativ") and its shares will begin trading on the NYSE under the ticker symbol "MATV." The "SW

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  • Myers Industries Appoints Yvette Dapremont Bright and Jeffrey Kramer to Its Board of Directors

    AKRON, Ohio--(BUSINESS WIRE)--Myers Industries, Inc. (NYSE: MYE) a manufacturer of polymer products and distributor for the tire, wheel, and under-vehicle service industry, today announced that Yvette Dapremont Bright, current president of Brighter Horizon Foundation, and Jeffrey Kramer, current Chief Executive Officer of Schweitzer-Mauduit International (NYSE: SWM) have been appointed to Myers Industries’ Board of Directors effective February 12, 2021. “Both Yvette and Jeff’s extensive careers in leading corporate transformations will bring significant value and capability to Myers’ Board of Directors and will add fuel to our journey of creating a multibillion-dollar, high growt

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  • SWM and Neenah Introduce Mativ, Inc., a ~$3 Billion Global Leader in Specialty Materials, Formed From the Pending Merger of Equals

    Schweitzer-Mauduit International, Inc. (NYSE:SWM) ("SWM") and Neenah, Inc. (NYSE:NP) ("Neenah"), two leading global manufacturers of specialty materials, today announced the future name of the combined company upon completing the pending all-stock merger of equals. Each company's shareholders are scheduled to vote on the transaction on June 29, 2022. The transaction is expected to close on or around July 1, 2022, subject to Neenah and SWM shareholder approval, approval by antitrust authorities in Poland, and other customary closing conditions. Upon close, the new company name will be Mativ, Inc. ("Mativ") and its shares will begin trading on the NYSE under the ticker symbol "MATV." The "SW

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  • SWM ANNOUNCES FIRST QUARTER 2022 RESULTS AND AFFIRMS FULL YEAR 2022 FINANCIAL OUTLOOK

    Alpharetta, May 04, 2022 (GLOBE NEWSWIRE) -- Schweitzer-Mauduit International, Inc. ("SWM" or the "Company") (NYSE:SWM) reported earnings results for the three months ended March 31, 2022. Adjusted measures are reconciled to GAAP at the end of this release. Financial and operating comparisons are versus the prior year period unless stated otherwise. Figures may not sum to total due to rounding. Definitions: Advanced Materials & Structures (AMS), Engineered Papers (EP), "organic" - excludes Scapa acquisition that closed in April 2021 and certain AMS sales related to assets classified as held-for-sale. First Quarter 2022 Highlights Sales increased 41% to $406.8 million; organic sal

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  • Neenah Reports Record Sales and Improved Margins for the First Quarter 2022

    Robust demand and pricing actions drive top line performance Sequential improvement in margins, increasing by over 100 bps versus Q4 2021 Strong execution with clear progress towards near- and long-term strategic goals Announced agreement to merge with SWM, accelerating growth, creating compelling synergies and scale Neenah, Inc. (NYSE:NP) today reported first quarter 2022 results. First Quarter Highlights Record net sales of $284.8 million, up 25 percent from the prior year, reflecting selling price actions to recover input costs and higher volume in both segments. Excluding the effects of the April 2021 Itasa acquisition and a facility closure, net sales were 12 percent higher. R

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