secwatch.observer — SEC 8-K summary
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Issuer:     UFP TECHNOLOGIES INC (UFPT)
CIK:        0000914156
Form:       8-K
Filed at:   2024-02-08T23:59:59+00:00
Accession:  0001171843-24-000679
Event type: leadership
Sentiment:  neutral
Materiality: 0.55
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UFP Technologies appoints Mitchell Rock as President; CEO Bailly remains Chairman and CEO
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- Mitchell Rock appointed President effective Feb 6, 2024; previously President of UFP MedTech.
- Rock's base salary raised to $500,000 and granted 5,134 stock unit awards with time and performance vesting.
- CEO R. Jeffrey Bailly retains Chairman & CEO roles; receives 5,175 threshold/target/exceptional stock unit awards.
- CFO Ronald Lataille base salary increased to $460,000 effective Jan 1, 2024; granted 2,185 threshold stock units.
- CEO Bailly's 2024 cash bonus target set at $705,000 (base salary); maximum $1.41 million under 2003 Incentive Plan.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/914156/000117184324000679/0001171843-24-000679-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/914156/000117184324000679/f8k_020724.htm
  HTML page:      https://secwatch.observer/filing/0001171843-24-000679

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