Matthews board to shrink to eight directors by 2027 meeting

PITTSBURGH - Matthews International Corporation (MATW) plans to reduce its board size from ten to eight members by 2027, according to a press release. Two directors, Katherine E. Dietze and Morgan K. O'Brien, announced they will not seek re-election at the 2027 Annual Meeting of Shareholders. J. Michael Nauman, Chairman of the Board, praised Dietze and O'Brien for their contributions to the company's success.

The board expanded the number of directors to five since 2023, selecting individuals with expertise relevant to future growth. Matthews completed divestitures in 2024 and 2025, including the sale of SGK Brand Solutions to Propelis joint venture, European packaging business, and warehouse automation business. The company acquired The Dodge Company in May 2025 to bolster its Memorialization segment.

In 2026, Matthews changed its corporate governance, including board declassification, majority voting standards, and removing supermajority requirements for amending the Articles of Incorporation. The company also restructured its European engineering operations in Fiscal Year 2026, expecting annual cost savings of about $10 million starting in Fiscal Year 2027.

Michael J. Whitehead became President and Chief Executive Officer on August 31, 2026, following Joseph C. Bartolacci.