Company: UTZ
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0000950170-25-038342
Chunk: 4

Company: Utz Brands, Inc.
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 4
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 §                                                           | 10 of our 12 Board members are independent |
|                                                                                                                                        | § | Stock ownership guidelines for our executive officers and directors |                                        | § | Frequent executive sessions of our non-management directors |                                            |
|                                                                                                                                        | § | Board oversight of risk management                                  |                                        | § | Annual Board and committee self-assessments                 |                                            |

PROXY SUMMARY § GOVERNANCE HIGHLIGHTS 2024 Financial Highlights*

| Net Sales$1,409.3Mdown 2.0% YoY vs. 2023 |     | Adjusted EBITDA$200.2Mup 6.9% YoY vs. 2023 |

*See Annex A for reconciliations of certain non-GAAP measures.

| 2025 Proxy Statement | 5 |

PROXY SUMMARY § Our Directors' Skills and Experience Our Directors' Skills and Experience We believe it is important that our Board is composed of individuals reflecting the diversity represented by our employees, our customers, and our communities. In recent years, our Nominating and Governance Committee has taken this priority to heart in its nominations process and increased our focus on the diversity of our Board. In response to feedback from stockholders, we are providing the below enhanced disclosure regarding the diversity and skill set of our Board. The knowledge, skills, and experience reported below were reported to us by our directors through a self-assessment questionnaire, and are intended to identify specific knowledge, skills or experiences the director nominee will contribute or has contributed to the Board. The lack of a mark does not mean a director does not possess that specific knowledge, skill or experience. Each director nominee’s biography in “Proposal No. 1 Election of Directors” describes their qualifications and relevant experience in more detail.

| Executive Management Experience |     | Financial Expertise |

| CPG Experience |     | Manufacturing Experience |

| Logistics Experience |     | Sales & Marketing Experience |

| ESG Experience |     | Cybersecurity Experience |

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PROXY SUMMARY § EXECUTIVE COMPENSATION PRINCIPLES Executive Compensation Principles The core principles of our executive compensation program are to align the compensation of our executive officers with the long-term interests of our stockholders and to provide a total compensation opportunity that allows us to attract and retain talented executive officers and motivate them to achieve exceptional business results. Our compensation program is designed to address certain core principles:

| Pay is weighted more heavily towardincentive compensation                                     |     | We provide executive compensation through a total compensation program. This