Magnera Corp 8-K

What Happened
Magnera Corporation (MAGN) announced in an 8-K (Item 5.02) that on January 29, 2026 its Board appointed Erin Maile as Executive Vice President, Chief Accounting Officer, effective February 2, 2026. Ms. Maile, age 34, has served as Magnera’s Vice President, Finance and Corporate Controller since November 4, 2024. Before joining Magnera she worked at Berry Global, Inc., most recently as Director of Corporate Accounting and External Reporting.

Key Details

• Appointment effective date: February 2, 2026 (Board action dated January 29, 2026).
• Compensation: annual base salary $275,000; annual short‑term incentive target $123,750 (45% of base); long‑term incentive target $200,000.
• Severance: participates in the company’s Executive Severance Plan with “double‑trigger” change‑in‑control protections. If terminated for good reason or within two years after a change in control, she is eligible for two times the sum of base salary and target bonus (2 × $398,750 = $797,500) and full vesting of unvested equity. If terminated without cause (not in connection with a change in control), she is eligible for 12 months of base salary plus target bonus ($398,750).
• Other: no family relationships with current officers/directors, no arrangements related to her selection, and no disclosed material related-party transactions. The Term Sheet will be filed as an exhibit to Magnera’s 10-Q for the quarter ended March 27, 2026.

Why It Matters
This appointment names Magnera’s principal accounting officer, which matters for financial reporting and internal controls. The disclosed pay and severance arrangements show the company’s near‑term cash compensation commitments and potential change‑in‑control exposure (including accelerated equity vesting). For investors, the filing signals continuity in the finance leadership team and provides specific figures to consider when assessing executive costs and governance.