secwatch.observer — SEC 8-K summary
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Issuer:     Utz Brands, Inc. (UTZ)
CIK:        0001739566
Form:       8-K
Filed at:   2024-08-20T23:59:59+00:00
Accession:  0001739566-24-000144
Event type: leadership
Sentiment:  neutral
Materiality: 0.40
Item codes: 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1739566/000173956624000144/0001739566-24-000144-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1739566/000173956624000144/utz-20240819.htm
  HTML page:      https://secwatch.observer/filing/0001739566-24-000144

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