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.
Utz Q1: Adj EPS $0.14 (+27% YoY); Adj EBITDA margin 12.5%; raises FY24 Adj EPS outlook
Net sales $346.5M (-1.4% reported); organic net sales +1.5%; gross margin expanded 480bps to 34.5%.
Amendment to Certificate of Incorporation approved by 118.8M votes for vs 11.9M against; permits officer exculpation for certain fiduciary duty breaches under DGCL.
Utz sells two facilities to Our Home for $18.5M, reprices $630M term loan to SOFR+2.75%
Sale of Berlin, PA and Fitchburg, MA facilities to Our Home for $18.5M total cash proceeds.
Utz Q4 net sales -0.7% to $352M, net loss $33.2M; completes brand dispositions with $150M proceeds
Q4 net sales $352.1M (-0.7% YoY); Organic Net Sales -0.3%. Net loss $33.2M vs net income $13.8M prior year.
Total cash consideration $182.5M; after-tax net proceeds ~$150M to reduce long-term debt.
Utz Brands designates CFO Ajay Kataria as principal accounting officer
Ajay Kataria, already CFO, adds principal accounting officer duties effective Jan 12, 2024.
Utz Brands reaffirms FY2023 outlook, targets 4-5% organic sales CAGR and 16% EBITDA margin by FY2026
Reaffirms FY2023 outlook: net sales growth 2-3%, Adj. EBITDA growth 8-11%, net leverage below 4.5x by year-end.
Utz Brands principal accounting officer Eric Aumen resigns effective Jan 12, 2024
Eric Aumen, SVP & Chief Accounting Officer, resigns effective January 12, 2024.
Net sales $371.9M (+2.5% YoY); organic net sales +3.1%.
Utz Brands divests Bluffton plant, closes Carlisle St site, builds new DC
Pre-tax charge of ~$11M in FY2023 from Bluffton plant sale, mostly non-cash; no material future cash outflows.
Utz Q2 net sales +3.6% to $362.9M; raises FY 2023 Adjusted EBITDA outlook
Net sales $362.9M, up 3.6% YoY; Organic Net Sales +4.3% YoY.
Utz Brands increases ABL revolving facility from $175M to $225M, extends maturity
Revolver commitments raised $50M to total $225M, effective July 20, 2023.
Utz Brands Q1 net sales up 3.1% to $351.4M; raises FY 2023 Adjusted EBITDA outlook
Net sales $351.4M, +3.1% YoY; organic net sales +4.0%.
Shareholders elect four Class III directors, approve executive pay, ratify Grant Thornton as auditor
Quorum of 135,893,484 shares (96.82%) present at May 4, 2023 Annual Meeting.
Utz Brands to close Birmingham plant; expects $3-5M cash charges, $8.5-11M impairment
Permanently ceasing manufacturing at Birmingham, AL facility effective July 3, 2023.
Utz Brands amends bylaws to update director nomination and proxy rules
Bylaws amended effective March 21, 2023, to enhance stockholder nomination disclosure requirements.
Utz Brands Q4 net sales up 17.9% to $354.7M; net income $13.8M vs loss year ago
Net sales $354.7M (+17.9% YoY); Organic Net Sales +15.9%.
Utz Q3 net sales +16% to $362.8M, raises FY2022 outlook; CEO succession announced
Q3 net sales $362.8M (+16% YoY); organic net sales +12.6%.
Utz Brands secures $88.14M real estate term loan at ~6% fixed, boosts liquidity to $188M
Term loan of $88.14M secured by 17 previously unencumbered properties (plants, warehouses, offices).
Howard Friedman (Post Holdings COO) named CEO, effective Dec 15, 2022; also appointed Class I director.
Utz reports Q2 net sales up 17.5% to $350.1M; raises FY2022 outlook
Net sales $350.1M, up 17.5% YoY; organic net sales +13.6%.
Utz Q1 net sales up 26.6% to record $340.8M; net loss widens to $31.9M; raises FY22 sales outlook
Net sales $340.8M, +26.6% YoY; organic net sales +20.7%; IRI retail sales +18.1%, Power Brands +20.1%.
Utz Brands holds 2022 Annual Meeting; all director nominees elected, say-on-pay approved
Four Class II directors elected: Antonio Fernandez, Michael Rice, Craig Steeneck, Pamela Stewart received majority votes.
Utz Brands buys NC manufacturing facility for ~$39M; funds $28M via private placement to seller
Purchase price of ~$38.4M plus $1.3M liabilities; funded with $10.4M cash and $28M from sale of 2.1M shares to Benestar affiliates.
Utz EVP Chief Supply Chain Officer to retire, Chief Growth Officer to resign in April 2022
Thomas 'Tucker' Lawrence, EVP Chief Supply Chain Officer, retiring effective April 2022.
Utz Q4 net sales $300.9M (+22.2%), adjusted EBITDA $37.7M; FY adjusted EPS $0.54
Q4 net sales $300.9M, up 22.2% reported (9.2% pro forma); adjusted gross margin 34.3%, down 241 bps YoY.
Utz Brands appoints Pamela Stewart to Board of Directors; sets chairman cash retainer at $90k
Board increased from 10 to 11 members; Stewart appointed effective Jan 3, 2022, serving on Compensation Committee.
Utz corrects IRI data; Oct 4-week +8.7%, Nov 4-week +10.9%
Previously reported IRI MULO-C data for Oct and Nov was inaccurately low due to missing new items; corrected data shows stronger growth.
Utz Q3 net sales $312.7M (+26% YoY); adj. EBITDA $44.8M; inflation pressures guide pricing actions
Net sales $312.7M (+26.1% as-reported; +1.4% pro forma vs. prior year period).
Utz Q2 net sales up 23% but adjusted EBITDA margin down 150 bps on cost inflation
Q2 net sales $297.9M, +23.1% vs prior-year; pro forma net sales -4.0% to $299.2M.
Utz Brands announces C-suite changes: CFO becomes COO, new CFO appointed
Cary Devore promoted from EVP/CFO to EVP/COO effective Oct 4, 2021; salary stays at $500,000.
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.
designated Mr. Ajay Kataria as the Company’s principal accounting officer
The Company’s prior principal accounting officer, Mr. Eric Aumen, resigned effective as of the Effective Date
On November 20, 2023, Eric Aumen, Senior Vice President – Chief Accounting Officer of Utz Brands, Inc. (the “Company”) informed the Company of his intention to resign from his position at the Company, effective January 12, 2024.
appointed Howard A. Friedman, age 52, as Chief Executive Officer of the Company
Max materiality 0.85 · Median 0.65 · Most common event earnings