Company: UTZ
Filing Date: 2025-03-13
Form Type: DEF 14A
Source: 0000950170-25-038342
Chunk: 41

Company: Utz Brands, Inc.
Filing Date: 2025-03-13
Form: DEF 14A
Chunk 41
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 salary and annual merit adjustment are approved by the Compensation Committee, subject to such further action that the Board of Directors shall determine. Base Salary Adjustments In January 2024, each of Messrs. Friedman, Devore, Kataria, and Schreiber received a merit increase to his base salary based on his respective performance in the preceding year. Such merit increases ranged from 0% to 8.8% of base salary based on individual performance and peer group comparisons. The merit increases were consistent with our efforts 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 2024 and not actual base pay received.

| NAMED EXECUTIVE OFFICER | 2023 ANNUAL BASE 
 SALARY(1)        |          |     | 2024 ANNUAL BASE 
 SALARY MERIT     
 INCREASE(2)      |      |    |     | 2024 BASE SALARY(1) |          |
| Howard Friedman         |                  | $850,000 |     |                  | 8.8% |    |     |                     | $925,000 |
| Cary Devore             |                  | $553,500 |     |                  | 3.5% |    |     |                     | $572,750 |
| Ajay Kataria            |                  | $525,000 |     |                  | 3.5% |    |     |                     | $543,400 |
| Mark Schreiber          |                  | $465,500 |     |                  | 3.5% |    |     |                     | $482,000 |
| Mitchell Arends         |                  | $465,000 |     |                  | 0%   | -3 |     |                     | $465,000 |

(1) The base salary does not reflect actual base salary received in fiscal year. (2) The Company’s broad-based annual increase in fiscal year 2024 was 3.5%. (3) Pursuant to Mr. Arends’s offer letter, beginning on November 27, 2023 Mr. Arends' base salary was $465,000 per year. Mr. Arends’s was not eligible to receive an annual base salary increase for fiscal year 2024. In January 2025, each of Messrs. Friedman, Kataria, Schreiber, and Arends were eligible to receive a merit increase to his