Management ChangeApr 10, 2026, 04:21 PM
Matthews International Group President Gackenbach to Transition
AI Summary
Matthews International Corporation announced an Employment and Transition Agreement with Steven D. Gackenbach, Group President, Memorialization. He will continue in his full-time role until September 30, 2026, with an annual base salary of $562,500. Subsequently, from October 1, 2026, through January 2, 2028, Mr. Gackenbach will serve as a part-time Senior Advisor, with his base salary reduced by 50%.
Key Highlights
- Steven D. Gackenbach to transition from Group President role.
- Continues full-time until September 30, 2026, at $562,500 base salary.
- Serves as part-time Senior Advisor from Oct 1, 2026, to Jan 2, 2028.
- Advisor Period base salary reduced by 50% to $281,250.
- Eligible for 60% target annual bonus in both periods.
Price Impact
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