Utz Brands announces retirement of director Michael Rice and appointment of William Werzyn Jr.

Utz Brands, Inc.

Michael W. Rice retired from the Board effective August 20, 2024, after over 50 years with the company; he will remain an observer.
William 'B.J.' Werzyn Jr., CEO of West Shore Home, appointed to fill the vacancy effective August 20, 2024.
Werzyn will receive an annual cash retainer of $87,500 and equity retainer of $130,000 in RSUs, prorated for first year.
Werzyn's appointment was recommended by UM Partners LLC under the Investor Rights Agreement; no disagreements with Rice's departure.
Rice is credited with diversifying Utz's product lines and expanding geographic footprint beyond Pennsylvania and Maryland.

item 5.02 item 7.01 item 9.01

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Appointed

William Werzyn Jr.

Director

UTZ · Utz Brands, Inc.

Effective: 2024-08-20
Filed: August 20, 2024, 7:59 PM ET

Effective August 20, 2024, the Board elected William Werzyn Jr. to serve as a member of the Board, to fill the vacancy left by Mr. Rice following his retirement and resignation.

Departed

Michael W. Rice

Director

UTZ · Utz Brands, Inc.

Effective: 2024-08-20
Successor: William Werzyn Jr.
Filed: August 20, 2024, 7:59 PM ET

On August 19, 2024, Michael W. Rice, a non-employee director of Utz Brands, Inc. (the “Company”), announced his retirement and tendered his resignation from the Company’s Board of Directors (the “Board”) effective August 20, 2024, which has been accepted by 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

William Werzyn Jr. was elected as Director at Utz Brands, Inc..

Action: elected
Role: Director

Exact text from the filing

Effective August 20, 2024, the Board elected William Werzyn Jr. to serve as a member of the Board, to fill the vacancy left by Mr. Rice following his retirement and resignation.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Michael W. Rice retired as Director at Utz Brands, Inc..

Action: retired
Role: Director

Exact text from the filing

On August 19, 2024, Michael W. Rice, a non-employee director of Utz Brands, Inc. (the “Company”), announced his retirement and tendered his resignation from the Company’s Board of Directors (the “Board”) effective August 20, 2024, which has been accepted by the Board.

View on SEC.gov

Utz Brands, Inc. filing history →

Source: SEC EDGAR

accession 0001739566-24-000144

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