secwatch.observer — SEC 8-K summary
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Issuer:     UFP INDUSTRIES INC (UFPI)
CIK:        0000912767
Form:       8-K
Filed at:   2024-08-27T23:59:59+00:00
Accession:  0000912767-24-000028
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UFP Industries names William Schwartz CEO; Matthew Missad becomes Executive Chairman
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- William D. Schwartz appointed CEO effective Dec 29, 2024; base salary $600,000/yr.
- Matthew J. Missad becomes Executive Chairman for 24 months; base salary $500,000/yr.
- Missad served as CEO since 2011; stock price rose >1500%, revenue grew $1.8B to $7.2B.
- CFO Michael Cole adds President of Corporate Services title to strengthen management team.
- Schwartz previously president of UFP Retail Solutions, the company's largest business segment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/912767/000091276724000028/0000912767-24-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/912767/000091276724000028/ufpi-20240826x8k.htm
  HTML page:      https://secwatch.observer/filing/0000912767-24-000028

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer