Highest-materiality recent filing
Utz Brands' EVP & principal operating officer resigns; CEO to assume role
Mitchell Arends, EVP & Chief Integrated Supply Chain Officer, resigns effective June 19, 2026 to join another public company.
Utz Q1 net sales up 2.6% to $361.3M; adjusted EBITDA up 6.2%; reaffirms FY2026 guidance
Net sales $361.3M (+2.6% YoY); organic net sales +2.6%; branded salty snacks organic +5.2%.
Utz stockholders elect four Class III directors, approve say-on-pay and auditor
All four Board nominees elected: Brown, Choi, Deromedi, Lissette each received >105M votes For.
Utz targets $1.9B net sales, 6-8% Adj. EBITDA growth, $100M+ FCF by 2027
Organic net sales growth target of 2-3 ppt faster than the salty snack category; long-term potential of $1.9B.
Q4 Net Sales $342.2M (+0.4%); Adjusted EPS $0.26 (+18.2%) vs $0.22 prior year.
Utz reclassifies logistics costs to COGS; no change to EBITDA or EPS
Reclassifies inter-location logistics, DSD distribution, and outbound shipping costs from SG&A to COGS effective Q4 2025.
Q4 2025 Net Sales expected $342-343M, Organic Net Sales growth 0.3-0.6% vs Q4 2024.
Net sales $377.8M (+3.4% YoY); Branded Salty Snacks organic net sales +5.8% on 4.5% volume/mix.
Q2 net sales $366.7M (+2.9% YoY); Branded Salty Snacks organic +5.4%; GAAP EPS $0.12 vs $0.23; adj EPS $0.17 vs $0.19.
Utz Q1 net sales +1.6% to $352M, adj. EPS +14.3%; reaffirms FY outlook
Net sales $352.1M (+1.6% YoY); Organic net sales +2.9% with branded salty snacks +4.9%.
Utz Brands 2025 annual meeting passes all proposals; directors elected
Stockholders elected four Class II directors: Fernandez, Steeneck, Stewart, Werzyn, Jr.
Utz appoints new CFO, CCO; prelim Q1 adj. EPS $0.14-0.16; reaffirms FY2025 guide
CFO Ajay Kataria to step down May 1; William Kelley Jr. (ex-Tropicana CFO) to succeed with $575K base salary.
Utz Q4 adj. EPS $0.22 (+37.5%); FY25 guides 6-10% EBITDA growth
Q4 Net Sales $341M, organic flat; Branded Salty Snacks +2.9%; adj. gross margin 39.4% (+230bps).
Utz Brands refinances $630M term loan; lowers rate, extends maturity to 2032
Refinanced $630.3M in term loans, reducing SOFR spread from +2.75% to +2.50%.
Cary Devore transitions to new role as Head of Capital Markets and M&A effective Jan 6, 2025.
Utz Q3 adjusted EPS $0.21 (+23.5%); reaffirms FY2024 organic sales growth 2%-2.5%
Net sales $365.5M (-1.7% reported, +1.9% organic); volumes +2.4% driven by Power Brands.
Utz Brands announces retirement of director Michael Rice and appointment of William Werzyn Jr.
Michael W. Rice retired from the Board effective August 20, 2024, after over 50 years with the company; he will remain an observer.
Utz Q2 net sales $356.2M, adj EPS $0.19 (+46% YoY), raises FY adjusted EPS guidance
Q2 net sales $356.2M; organic net sales +1.6%; net income $25.4M vs $(8.6)M prior year.
On May 26, 2026, Mitchell Arends, the EVP, Chief Integrated Supply Chain Officer and principal operating officer of Utz Brands, Inc. (the “Company”) informed the Company of his intention to resign from his position at the Company, effective June 19, 2026.
Howard Friedman, the Company’s Chief Executive Officer, will assume the additional role of principal operating officer of the Company.
On April 17, 2025, the Company announced the appointment of William J. Kelley Jr. to the position of Executive Vice President, Chief Financial Officer and Principal Accounting Officer, effective as of the CFO Effective Date.
On April 16, 2025, the Company and Ajay Kataria, the Company’s Executive Vice President, Chief Financial Officer and Principal Accounting Officer, mutually determined that, effective as of May 1, 2025, (the “CFO Effective Date”), Mr. Kataria would no longer serve in his roles as the Company’s Executive Vice President, Chief Financial Officer and Principal Accounting Officer
Mr. Arends will assume the position as the Company's Principal Operating Officer.
Mr. Devore will assume a newly created role as the Company's Head of Capital Markets and M&A.
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.
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.
Max materiality 0.80 · Median 0.68 · Most common event earnings