---
schema_version: "secwatch.filing_event.v1"
accession: "0001171843-24-001413"
form_type: "8-K"
ticker: "UFPT"
cik: "0000914156"
company_name: "UFP TECHNOLOGIES INC"
filed_at: "2024-03-18T23:59:59+00:00"
generated_at: "2026-06-04T16:24:58.217142+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# UFP Technologies enters amended supply deal with Intuitive Surgical; estimates $500M revenue over initial term

## Summary
- Amended manufacturing supply agreement with Intuitive Surgical SARL, effective Jan 1, 2024, for a four-year initial term.
- Intuitive agrees to purchase majority of certain products on a semi-exclusive basis with volume-based pricing.
- UFP estimates approximately $500 million in revenue over the initial term if volume thresholds are met.
- Agreement automatically renews for one-year terms; either party may terminate for breach or non-renewal.

## SEC filing metadata
- accession: 0001171843-24-001413
- form_type: 8-K
- ticker: UFPT
- cik: 0000914156
- company_name: UFP TECHNOLOGIES INC
- filed_at: 2024-03-18T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/914156/000117184324001413/0001171843-24-001413-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/914156/000117184324001413/f8k_031824.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001171843-24-001413
- JSON: https://secwatch.observer/filing/0001171843-24-001413.json
- Plain text: https://secwatch.observer/filing/0001171843-24-001413.txt

## Key facts
- Material Agreements
  UFP TECHNOLOGIES INC amended Amendment with Intuitive Surgical SARL valued at approximately $500 million (effective 2024-03-18).
  - Action: amendment
  - Agreement: supply
  - Counterparty: Intuitive Surgical SARL
  - Value: approximately $500 million
  - Effective: 2024-03-18
  source text: On March 18, 2024, through a wholly-owned subsidiary, UFP Technologies, Inc. (“UFP” or the “Company”) and Intuitive Surgical SARL, one of the Company’s strategic medical customers (the “Customer”), entered into that certain amendment (the “Amendment”) to the manufacturing supply agreement dated April 25, 2014 as amended
  evidence_url: https://www.sec.gov/Archives/edgar/data/914156/000117184324001413/0001171843-24-001413-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.