Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Separation Agreement with Former Chief Financial Officer
On December 16, 2025, Mativ Holdings, Inc. (the "Company") filed a Current Report on Form 8-K with the U.S. Securities Exchange Commission (the "SEC") announcing the departure of the Company's former Chief Financial Officer, Gregory Weitzel, effective December 31, 2025. In connection with the previously announced departure of Mr. Weitzel, the Company and Mr. Weitzel entered into a Separation Agreement and General Waiver and Release (the "Separation Agreement") on January 8, 2026 confirming the severance benefits and post-termination obligations pursuant to the Company's Executive Severance Plan and the awards governing his outstanding equity awards, which includes a customary release of claims. The severance benefits to which Mr. Weitzel will be entitled pursuant to the Separation Agreement will be consistent with the severance benefits described under the caption "Potential Payments Upon Termination or Change of Control-Termination Not in Connection with a Change of Control"in the Company's definitive proxy statement filed with the U.S. Securities and Exchange Commission on March 21, 2025. The foregoing summary of the Separation Agreement does not purport to be complete and is qualified in its entirety by reference to the full text of the Separation Agreement, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.