Company: UTZ
Filing Date: 2025-04-17
Form Type: 8-K
Source: 0001739566-25-000058
Chunk: 3

Company: Utz Brands, Inc.
Filing Date: 2025-04-17
Form: 8-K
Item: Item 5.02
Chunk 3
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 value equal to 135% of Mr. Kelley’s base salary and delivered 50% in the form of performance stock units and 50% in the form of restricted stock units. The foregoing description of the terms of the offer to Mr. Kelley is not complete, and is qualified in its entirety by reference to the full text of Mr. Kelley’s offer letter, a copy of which is attached hereto as Exhibit 10.1 and incorporated herein by reference.

Retirement of Executive Vice President, Sales and Chief Customer Officer

On April 17, 2025, the Company announced that Mark Schreiber, the Company’s Executive Vice President, Sales and Chief Customer Officer notified the Company on April 16, 2025 of his intention to retire from his current roles effective May 31, 2025 (the “ CCO Effective Date”) and to continue serving the Company until June 30, 2025. Following the CCO Effective Date, Mr. Schreiber will remain with the Company through June 30, 2025 in a special advisor role to assist with special projects and the transition. In connection with Mr. Schreiber’s retirement, he will remain eligible to vest in his outstanding performance stock unit and restricted stock unit awards, with the performance stock unit awards subject to the achievement of the underlying performance metrics. In addition, Mr. Schreiber will remain eligible to receive an annual bonus for the year, prorated based on his period of service during 2025 and actual performance.

Effective as of the CCO Effective Date, Jeremy Stuart, the Company’s Senior Vice President, Large Format, will assume the position of Executive Vice President, Sales and Chief Customer Officer. Mr. Stuart joined Utz in September 2023, having previously held senior sales roles at The Coca-Cola Company, including vice president of franchise leadership for Florida and Puerto Rico. Previously while at The Coca-Cola Company, he served as a global vice president for Costco Wholesale Corporation and vice president for Publix Super Markets, Inc. He holds a bachelor’s degree in economics from the University of California, Santa Barbara.

Item 7.01 Regulation FD Disclosure