A maker of engineered specialty materials used in everyday essentials, Mativ produces filtration media that cleans air and water, plus tapes, labels, packaging, and healthcare products sold in over a hundred countries. It was born in 2022 when two storied manufacturers — Schweitzer-Mauduit (spun off from Kimberly-Clark in 1995) and Neenah — merged, and the name "Mativ" was coined to nod to material science. Among its innovations is Gessner filter media that swaps fossil-based resins for lignin, a natural polymer from wood.
Mativ appoints Bruce Hausmann to its Board of Directors, effective July 1, 2026
Mativ Holdings increased its Board from 6 to 7 members and appointed Bruce Hausmann as a Class I director, effective July 1, 2026, with a term expiring at the 2029 Annual Meeting.
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Hausmann is Vice President and CFO of Interface, Inc. (NASDAQ: TILE), a role he has held since April 2017, and has over 25 years of finance experience.
The Board determined Hausmann qualifies as an independent director and an audit committee financial expert; he was appointed to the Audit Committee.
Hausmann will participate in the non-employee director compensation program, including an annual stock-based retainer increased to $150,000 on June 17, 2026.
The Company will enter into its standard form of indemnification agreement with Hausmann; no related-party transactions or family relationships were reported.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits
Mativ changes primary GAAP metric to Gross Profit, recasts 2025 segment data
The company modified its SG&A allocation methodology, now allocating IT infrastructure and certain shared service costs to operating segments instead of Unallocated.
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Effective for periods after January 1, 2026, Mativ changed its primary GAAP performance metric from Operating Profit to Gross Profit.
Supplemental 2025 data reconciles Gross Profit to Adjusted EBITDA for segments FAM and SAS, with full-year Adjusted EBITDA of $115.2M and $147.8M respectively.
The recast information supersedes previously disclosed historical financial information for 2025 quarterly earnings releases.
The report was furnished under Item 7.01 Regulation FD Disclosure and includes Exhibit 99.1 with the non-GAAP reconciliation.
7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits
Mativ stockholders approve 1.6M share increase to 2024 Equity and Incentive Plan
At the April 30, 2026 annual meeting, stockholders approved Amendment No. 2 to the 2024 Equity and Incentive Plan, increasing authorized shares by 1,600,000 to 6,700,000.
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William M. Cook and Marco Levi were elected as Class I directors to serve until the 2029 annual meeting.
Stockholders ratified Deloitte & Touche LLP as independent auditor for 2026 with 48,790,430 votes for.
The non-binding say-on-pay vote passed with 43,552,153 votes for and 1,201,016 against.
The plan amendment received 43,207,788 votes for and 1,373,077 against.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 5.07 Submission of Matters to a Vote of Security Holders · 9.01 Financial Statements and Exhibits
Mativ Holdings refinances and restructures credit facilities via Ninth Amendment, effective April 3, 2026
Mativ entered into the Ninth Amendment to its multicurrency credit agreement, refinancing existing revolving commitments, Term A Loans, and Term B Loans, and eliminating the delayed draw term loan facility.
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The Amended Credit Agreement provides for a $305 million revolving credit facility, $89.9 million Term A Loan commitments, and $500 million Term B Loan commitments, totaling approximately $894.9 million.
Three Mativ subsidiaries became additional U.S. Borrowers and one subsidiary became a guarantor under the Amended Credit Agreement.
The revolving facility and Term A Loans mature five years from the effective date or 182 days before the 2029 Senior Notes maturity; Term B Loans mature seven years from the effective date or 91 days before the Senior Notes maturity.
Financial covenants include a minimum Interest Coverage Ratio stepping up from 2.50x to 3.00x and a maximum Net Debt to EBITDA Ratio stepping down from 5.00x to 4.00x, applying only to the revolving facility and Term A Loans.
1.01 Entry into a Material Definitive Agreement · 9.01 Financial Statements and Exhibits
Mativ Group President Ryan Elwart resigns effective April 27, 2026
The stated reason for departure is to pursue other opportunities.
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Ryan Elwart, Group President of Mativ Holdings, Inc., tendered his resignation on March 30, 2026.
His resignation is effective as of April 27, 2026.
No compensation terms or successor appointment were disclosed in the filing.
5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 9.01 Financial Statements and Exhibits