Utz appoints Howard Friedman as CEO; Dylan Lissette becomes Executive Chairman effective Dec 15, 2022

Utz Brands, Inc.

Howard Friedman (Post Holdings COO) named CEO, effective Dec 15, 2022; also appointed Class I director.
Dylan Lissette, CEO since 2013, transitions to Executive Chairman then non-executive Chairman in Q2 2023.
Roger Deromedi becomes Lead Independent Director effective Dec 15.
Friedman receives $850K base salary, $50K travel stipend, target bonus 110%, equity awards totaling $4M.
Company reaffirms FY2022 outlook: net sales growth 13-15%, Organic Net Sales 10-12%, Adjusted EBITDA growth 2-5%.

item 5.02 item 7.01 item 9.01

Executive movements

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Appointed

Howard A. Friedman

Chief Executive Officer

UTZ · Utz Brands, Inc.

Effective: 2022-12-15
Filed: October 3, 2022, 7:59 PM ET

appointed Howard A. Friedman, age 52, as Chief Executive Officer of the Company

Appointed

Howard A. Friedman

Class I Director

UTZ · Utz Brands, Inc.

Effective: 2022-12-15
Filed: October 3, 2022, 7:59 PM ET

appointed Mr. Friedman as a Class I director on the Board

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Howard A. Friedman was appointed as Chief Executive Officer at Utz Brands, Inc..

Action: appointed
Role: Chief Executive Officer

Exact text from the filing

appointed Howard A. Friedman, age 52, as Chief Executive Officer of the Company

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Howard A. Friedman was appointed as Class I Director at Utz Brands, Inc..

Action: appointed
Role: Class I Director

Exact text from the filing

appointed Mr. Friedman as a Class I director on the Board

View on SEC.gov

Utz Brands, Inc. filing history →

Source: SEC EDGAR

accession 0001104659-22-105275

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