MATTHEWS INTERNATIONAL CORP (MATW) Form 8-K — Aug 11, 2026
Matthews International's board appointed Michael J. Whitehead, age 52, as President and Chief Executive Officer and as a director, effective August 31, 2026, succeeding Joseph C. Bartolacci, who announced in July his retirement after more than two decades leading the company. Whitehead joins from Lincoln Electric Holdings (Nasdaq: LECO), where he most recently served as Executive Vice President and President, Americas Welding, leading a business with more than $2.5 billion in annual revenue; he previously more than doubled Lincoln Electric's Global Automation, Cutting and Additive business to over $1 billion in revenue.
Key figures
- Ceo base salary
- $1,000,000
- Lti grant value
- $3,675,000
- Incoming ceo age
- 52
- Target bonus pct
- 100% of base salary (range 0%-200%)
- Ceo effective date
- 2026-08-31
- Matthews employees
- over 4,300 in 15 countries
- Outgoing ceo tenure
- more than two decades
- Transition rsu vesting
- one-year time-based
- Severance without cause
- 24 months base salary continuation plus annual bonus at target
- Transition cash payment
- $300,000
- Transition rsu award value
- $1,600,000
- Lincoln electric americas welding revenue
- more than $2.5 billion annually
- Lincoln electric automation business revenue
- more than $1 billion (more than doubled 2019-2025)
Price after filing
Close on the filing date to close N calendar days later (from $23.50). Historical, not a forecast.
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