Company: UTZ
Filing Date: 2025-04-17
Form Type: 8-K
Source: 0001739566-25-000058
Chunk: 1

Company: Utz Brands, Inc.
Filing Date: 2025-04-17
Form: 8-K
Item: Item 5.02
Chunk 1
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Item 5.02

Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.

Executive Vice President, Chief Financial Officer and Principal Accounting Officer Transition

On April 16, 2025, the Company and Ajay Kataria, the Company’s Executive Vice President, Chief Financial Officer and Principal Accounting Officer, mutually determined that, effective as of May 1, 2025, (the “ CFO Effective Date”), Mr. Kataria would no longer serve in his roles as the Company’s Executive Vice President, Chief Financial Officer and Principal Accounting Officer (the “ CFO Transition”), and that such CFO Transition would constitute a termination without cause by the Company under the Company’s Executive Severance Benefit Plan (the “ Severance Plan”). Mr. Kataria will remain with the Company following the CFO Effective Date in a special advisor role to assist with special projects and the CFO Transition through May 31, 2025. Mr. Kataria will continue to vest in his outstanding restricted stock units and performance stock units granted in 2022, 2023 and 2024, with performance stock units subject to vesting based on actual performance.

On April 17, 2025, the Company announced the appointment of William J. Kelley Jr. to the position of Executive Vice President, Chief Financial Officer and Principal Accounting Officer, effective as of the CFO Effective Date.

Mr. Kelley, 60, most recently served as global chief financial officer of Tropicana Brands Group, Inc. (“ Tropicana”), a manufacturer of fresh and chilled juices and juice drinks, from July 2022 through January 2025. Prior to joining Tropicana, Mr. Kelley served as executive vice president and chief financial officer of TreeHouse Foods, Inc., a manufacturer of private label foods and beverages (NYSE: THS), in an interim capacity from November 2019 to February 2020 and in a permanent capacity from February 2020 to June 2022. Mr. Kelley previously served as senior vice president and head of corporate and operations finance at TreeHouse Foods, Inc. from 2018 to 2019 as well as vice president and corporate controller from 2016 to 2019. His previous executive leadership positions include serving as vice president, head of global internal audit for The Kraft Heinz Company, an American multinational food company (Nasdaq: KHC), from 2014 to 2016, and senior vice president, corporate controller and chief accounting officer for The Hillshire