Business Context and Reporting Period
Company: Matthews International Corporation (MATW)
Filing Type: Form 8-K (Current Report)
Date of Report: August 18, 2025
Reporting Period: Immediate event reporting regarding executive leadership changes.
Key Financial Metrics
This filing does not contain financial performance data. There are no reported figures for revenue, profit, cash flow, margins, debt, or liquidity in this document.
Material Changes
The filing reports a material change in executive leadership under Item 5.02:
- Departure: Steven F. Nicola, Chief Financial Officer and Treasurer, announced his retirement effective December 31, 2025.
- Appointment: Daniel E. Stopar, currently Senior Vice President, Operations Controller & Head of Global Business Services, was appointed as the successor CFO and Treasurer.
- Transition: Duties will transition from Mr. Nicola to Mr. Stopar effective December 1, 2025.
Guidance, Outlook, and Management Commentary
Compensation and Terms:
- Mr. Stopar will receive a salary commensurate with his new duties, determined by the Board.
- He is eligible for annual incentive compensation under the 2015 Incentive Compensation Plan and long-term equity awards under the 2017 Equity Compensation Plan.
- He is eligible for employee benefit plans and is party to a change-in-control agreement on the same terms as other executive management.
- Item 7.01 confirms a press release was issued on August 19, 2025, detailing these changes.
- The filing states there were no undisclosed arrangements or family relationships influencing the appointment.
Investor Verification Checklist
- Verify the exact transition date of December 1, 2025, for operational handover between CFOs.
- Review the attached press release (Exhibit 99.1) for any additional details on the retirement package for Mr. Nicola not included in the 8-K text.
- Monitor upcoming quarterly filings for any impact on financial reporting consistency during the transition period.
- Confirm Mr. Stopar's tenure and performance history in his current role as Senior Vice President since October 2020.