Tredegar Corporation (NYSE:TG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
Item 5.02
Tredegar Corporation (NYSE:TG) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers
At its meeting on January 28, 2020, the Executive Compensation Committee of the Board of Directors of Tredegar Corporation (the “Corporation”) approved a discretionary bonus for John M. Steitz, the Corporation’s President and Chief Executive Officer, in the amount of $825,000, based on his achievement of 2019 performance objectives.
About Tredegar Corporation (NYSE:TG)
Tredegar Corporation is engaged, through its subsidiaries, in the manufacture of polyethylene (PE) plastic films, polyester (PET) films and aluminum extrusions. The Company’s segments are PE Films, Flexible Packaging Films and Aluminum Extrusions. PE Films manufactures plastic films, elastics and laminate materials primarily utilized in personal care materials, surface protection films and specialty and optical lighting applications. Flexible Packaging Films consists of Terphane. Flexible Packaging Films produces polyester-based films for use in packaging applications that have specialized properties, such as heat resistance, strength, barrier protection and the ability to accept print graphics. The William L. Bonnell Company, Inc., a division of Bonnell Aluminum (together, Aluminum Extrusions), produce aluminum extrusions primarily for building and construction, automotive, consumer durables, machinery and equipment, electrical and distribution markets.