Company: UTZ
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0000950170-25-038342
Chunk: 42

Company: Utz Brands, Inc.
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 42
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 base salary based on his respective performance in the preceding year. Such merit increases range from 0% to 6.5% of base salary based on individual performance and peer group comparisons. The merit increases are consistent with our effort to maintain compensation at approximately the median level of our peer group. The table below reflects the base amounts that were prescribed for fiscal year 2025 and not actual base pay received.

| NAMED EXECUTIVE OFFICER | 2024 ANNUAL BASE 
 SALARY(1)        |          |     | 2025 ANNUAL BASE 
 SALARY MERIT     
 INCREASE(2)      |         |    |     | 2025 BASE SALARY(1) |          |
| Howard Friedman         |                  | $925,000 |     |                  | 2.8%    |    |     |                     | $950,500 |
| Cary Devore             |                  | $572,750 |     |                  | (82.5)% | -3 |     |                     | $100,000 |
| Ajay Kataria            |                  | $543,400 |     |                  | 2.7%    |    |     |                     | $558,250 |
| Mark Schreiber          |                  | $482,000 |     |                  | 2.3%    |    |     |                     | $493,000 |
| Mitchell Arends         |                  | $465,000 |     |                  | 6.5%    |    |     |                     | $495,000 |

(1) The base salary does not reflect actual base salary received in fiscal year. (2) The Company’s broad-based annual increase for fiscal year 2025 was 3.5%. (3) As disclosed on January 7, 2025, effective January 6, 2025, Mr. Devore, the Company’s former Executive Vice President and Chief Transformation and Operating Officer, assumed a newly created role as the Company’s Head of Capital Markets and M&A. In connection with the change in role, Mr. Devore’s annual base salary was decreased to $100,000.

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EXECUTIVE AND DIRECTOR COMPENSATION § COMPENSATION DISCUSSION AND ANALYSIS Annual C ash Short-Term Incentive Award Program (“Annual Bonus Plan” or “ABP”) 2024 ABP Design Our 2024 ABP provides for a cash bonus to our management