secwatch.observer — SEC 8-K summary
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Issuer:     UFP TECHNOLOGIES INC (UFPT)
CIK:        0000914156
Form:       8-K
Filed at:   2026-02-13T23:59:59+00:00
Accession:  0001628280-26-008183
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

UFP Technologies appoints Mitchell C. Rock as CEO effective June 4, 2026; base salary $700k
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- Mitchell C. Rock appointed CEO effective June 4, 2026; base salary $700k, annual bonus target up to 100% of base.
- Rock receives one-time RSU grant of $650k (3yr vesting) and annual LTI target of $1.75M for 2026, increasing to $3M from 2027.
- Executive severance agreement provides 18 months base salary for non-CIC termination, 2x (salary + bonus) plus equity acceleration for CIC termination within 6 months.
- Board approved base salary increases for other NEOs: Lataille $505k, Litterio $400.5k, Holt $400k.
- Retiring CEO Bailly receives $5.1M stock unit award fully vesting June 4, 2027, and his salary reduces to $600k as Executive Chairman.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/914156/000162828026008183/0001628280-26-008183-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/914156/000162828026008183/ufpt-20260210.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-008183

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