Spin-off - TREDEGAR CORP

Form Type: 11-K

Filing Date: 2025-06-13

Corporate Action: Spin-off

Type: Update

Accession Number: 000085042925000013

Filing Summary: The annual report for the Tredegar Corporation Retirement Savings Plan details the plan's financial performance for the year ended December 31, 2024. A key highlight includes the spin-off of Terphane, LLC, which was approved on May 31, 2024, and became effective on June 1, 2024. This resulted in the transfer of $7,832,029 in net assets out of the plan to the newly established Terphane 401(k) Retirement Savings Plan on June 3, 2024. The financial statements reflect a slight increase in net assets available for benefits, totaling $137,444,523 at year-end 2024, compared to $136,606,618 at the end of 2023. The report also includes an independent auditor's opinion affirming the fair representation of the plan's financial statements. Participants are informed about their investment options and management policies, including contributions and benefits paid.