secwatch.observer — SEC 8-K summary
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Issuer:     Utz Brands, Inc. (UTZ)
CIK:        0001739566
Form:       8-K
Filed at:   2022-10-03T23:59:59+00:00
Accession:  0001104659-22-105275
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1739566/000110465922105275/0001104659-22-105275-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1739566/000110465922105275/tm2227242d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-22-105275

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