8-K: Mativ Appoints Deborah Borg to Board of Directors

Mativ Holdings, Inc. announced the immediate appointment of Deborah Borg, a seasoned executive with over 25 years of corporate leadership experience, to its Board of Directors.

Summary

• Mativ Holdings, Inc. appointed Deborah Borg as an independent director, effective November 24, 2025.
• Her term will expire at the Company's 2028 annual meeting.
• Ms. Borg will serve as a member of the Board's Nominating and Governance Committee and Compensation Committee.
• She will receive the Company's standard compensation for non-employee directors, as described in the definitive proxy statement filed on March 21, 2025.
• The Company entered into its standard form of indemnification agreement with Ms. Borg.
• Ms. Borg has no family relationships with any director or executive officer of the Company, and there were no arrangements or understandings regarding her selection.

Sentiment

Score: 7

Explanation: The appointment of a highly qualified and experienced independent director is a positive development for corporate governance and strategic oversight, indicating a proactive approach to board composition and company transformation.

Positives

• Ms. Borg brings over 25 years of corporate leadership experience, including expertise in strategy, talent, culture, compensation, benefits, succession planning, mergers and acquisitions, and organizational change management.
• Her background includes driving operational efficiency and business transformation at large companies such as General Motors, Dow Chemical, and Bunge.
• Her appointment is expected to bring a critical perspective to the Board as Mativ continues its transformation and accelerates growth.
• She has prior public company board experience, having served as a director for Schweitzer-Mauduit International, Inc. (NYSE: SWM).
• Ms. Borg currently serves as the Executive Vice President, Chief People & Culture Officer at International Flavors & Fragrances Inc. (NYSE: IFF), a global leader.

Future Outlook

Management anticipates that Deborah Borg's expertise in strategy, talent, and culture will be instrumental in the Company's ongoing transformation and efforts to accelerate growth, ultimately driving value for employees, customers, and shareholders.

Management Comments

• "With her expertise in strategy, talent and culture, she brings a critical perspective to the Board as the Company continues its transformation." Shruti Singhal, Mativ's President and CEO.
• "Deborah is a seasoned leader who has navigated several companies through complex and challenging transformations. Her impact and guidance will help shape Mativ in the coming months as we continue to accelerate growth to drive value for our employees, customers and shareholders." Dr. Kimberly E. Ritrievi, Chair of Mativ's Board of Directors.
• "I have watched the Company's evolution since the 2022 merger, and I look forward to helping advance Mativ's objectives and delivering value to our employees, customers and shareholders." Deborah Borg.

Industry Context

The appointment of a highly experienced executive with a strong background in talent management, organizational change, and business transformation aligns with a broader industry trend of boards seeking diverse skill sets to navigate complex market dynamics and drive strategic growth. Her experience at global leaders like IFF, General Motors, Dow Chemical, and Bunge suggests a focus on enhancing corporate governance and strategic oversight in a competitive specialty materials sector.

Comparison to Industry Standards

• Ms. Borg's prior directorship at Schweitzer-Mauduit International, Inc. (SWM), a company in the specialty materials sector, provides a direct comparable for her experience in a similar industry context.
• Her current role as Chief People & Culture Officer at International Flavors & Fragrances Inc. (IFF), a global leader, demonstrates her ability to operate at the executive level in a large, complex organization, which is a benchmark for high-caliber board appointments.
• The emphasis on "strategy, talent and culture" and "organizational change management" aligns with a growing trend among leading global manufacturing companies to enhance board oversight in human capital and strategic transformation, mirroring practices seen in companies like 3M or Honeywell, which prioritize robust governance and talent development for sustained competitive advantage.

Management Changes

Corporate Governance

Related Party Transactions

• No transactions directly or indirectly involving Ms. Borg that would be required to be disclosed pursuant to Item 404(a) of Regulation S-K.

Stakeholder Impact

• Shareholders: Potential for enhanced strategic oversight and value creation through Ms. Borg's expertise in transformation and growth.
• Employees: Ms. Borg's background in talent and culture management could lead to improved human capital strategies and employee engagement.
• Customers: Potential for improved business transformation and operational efficiency could indirectly benefit customers through better products or services.

Next Steps

• Ms. Borg will serve on the Nominating and Governance Committee and Compensation Committee.
• The Company will continue its transformation and efforts to accelerate growth.

Key Dates

Recommendation

The appointment of a highly qualified independent director like Deborah Borg is a positive step for corporate governance and strategic direction, reinforcing the company's commitment to transformation. However, this is a standard board enhancement and does not present new financial data or a significant strategic shift that would warrant a 'buy' or 'sell' recommendation. Investors should 'hold' and monitor future operational and financial performance for more impactful catalysts.

Keywords

Mativ Holdings, MATV, Board of Directors, Director Appointment, Corporate Governance, Deborah Borg, Independent Director, Specialty Materials, Executive Leadership, Talent Management, Organizational Change