Glatfelter Corp

For the period ended Dec 31, 2023. Filed Feb 28, 2024.

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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 28, 2024

MAGN$13.02+5.5%Stored close · as of Nov 9, 2026

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Contents

GLATFELTER CORPORATION

ANNUAL REPORT ON FORM 10-K

For the Year Ended

December 31, 2023

Page
PART I
Item 1	Business	1
Item 1A	Risk Factors	8
Item 1B	Unresolved Staff Comments	14
Item 1C	Cybersecurity	14
Item 2	Properties	15
Item 3	Legal Proceedings	15
	Executive Officers	15
Item 4	Mine Safety Disclosures	16
PART II
Item 5	Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	16
	Stock Performance Graph	16
Item 6	[Reserved]	16
Item 7	Management's Discussion and Analysis of Financial Condition and Results of Operations	17
	Results of Operations	18
	Liquidity and Capital Resources	27
Item 7A	Quantitative and Qualitative Disclosures about Market Risk	28
Item 8	Financial Statements and Supplementary Data	31
	Management's Report on Internal Control Over Financial Reporting	31
	Report of Independent Registered Public Accounting Firm (PCAOB ID #34)	32
	Consolidated Statements of Income (Loss)	35
	Consolidated Statements of Comprehensive Income (Loss)	36
	Consolidated Balance Sheets	37
	Consolidated Statements of Cash Flows	38
	Consolidated Statements of Shareholders’ Equity	39
	Notes to Consolidated Financial Statements	40
	1. Organization	40
	2. Accounting Policies	40
	3. Acquisitions	43
	4. Discontinued Operations	44
	5. Restructuring	44
	6. Goodwill and Asset Impairments	44
	7. Gain on Dispositions of Plant, Equipment and Timberlands	45
	8. Revenue	46
	9. Earnings Per Share	47
	10. Accumulated Other Comprehensive Income	48
	11. Income Taxes	49
	12. Stock-Based Compensation	53
	13. Retirement Plans and Other Post-Retirement Benefits	54
	14. Inventories	57
	15. Plant, Equipment and Timberlands	57
	16. Goodwill and Intangible Assets	58
	17. Other Long-Term Assets	59
	18. Other Current Liabilities	59
	19. Leases	60
	20. Long-Term Debt	61
	21. Fair Value of Financial Instruments	63
	22. Financial Derivatives and Hedging Activities	63
	23. Shareholders’ Equity	66
	24. Commitments, Contingencies and Legal Proceedings	66
	25. Segment and Geographic Information	68
	26. Subsequent Event	70
Item 9	Changes in and Disagreements With Accountants on Accounting and Financial Disclosures	71
Item 9A	Controls and Procedures	71
Item 9B	Other Information	71
Item 9C	Disclosure Regarding Foreign Jurisdictions that Prevent Inspections	71
PART III
Item 10	Directors, Executive Officers and Corporate Governance	71
Item 11	Executive Compensation	72
Item 12	Security Ownership of Certain Beneficial Owners and Management	72
Item 13	Certain Relationships and Related Transactions, and Director Independence	72
Item 14	Principal Accountant Fees and Services	72
PART IV
Item 15	Exhibits, Financial Statement Schedules	73
Signatures	76
Schedule II	77

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