Utz Brands, Inc. — fact timeline

Howard Friedman changed role as Chief Executive Officer and principal operating officer at Utz Brands, Inc..

“Howard Friedman, the Company’s Chief Executive Officer, will assume the additional role of principal operating officer of the Company.”

Mitchell Arends resigned as EVP, Chief Integrated Supply Chain Officer and principal operating officer at Utz Brands, Inc..

“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.”

William J. Kelley Jr. was appointed as Executive Vice President, Chief Financial Officer and Principal Accounting Officer at Utz Brands, Inc..

“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.”

Ajay Kataria departed as Executive Vice President, Chief Financial Officer and Principal Accounting Officer at Utz Brands, Inc..

“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”

Mitch Arends changed role as Principal Operating Officer at Utz Brands, Inc..

“Mr. Arends will assume the position as the Company's Principal Operating Officer.”

Cary Devore changed role as Head of Capital Markets and M&A at Utz Brands, Inc..

“Mr. Devore will assume a newly created role as the Company's Head of Capital Markets and M&A.”

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

“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.”

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

“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.”

Utz Brands, Inc. reported the first quarter ended March 31, 2024 results: revenue $346.5 million, net income $2.4 million, EPS Basic loss per share of $(0.05). Guidance reaffirmed.

“and a small-cap growth and value Staples equity, today reported financial results for the Company’s fiscal first quarter ended March 31, 2024. 1Q’24 Summary (1) • Net sales of $346.5 million • Organic Net Sales increased 1.5% • Gross Profit Margin expansion of 480 bps • Adjusted Gross Margin expansion of 280 bps • Net income of $2.4 million vs. net loss of $(14.5)”

Utz Brands, Inc.: 批准公司章程修正案，允许高管在某些违反信托义务的情况下获得豁免 (effective 2024-04-25).

“On April 25, 2024, as described below, upon recommendation of the Board of Directors (“Board”) of Utz Brands, Inc. (the “Company”), the Company’s stockholders approved an amendment to the Company’s Certificate of Incorporation to permit officer exculpation for certain breaches of fiduciary duties pursuant to the General Corporation Law of the State of Delaware (the “DGCL”), as further described in “Proposal No.3 Amendment to Company’s Certificate of Incorporation to Permit Officer Exculpation For Certain Breaches of Fiduciary Duties Pursuant to DGCL” on pages 63-64 of the Company’s definitive proxy statement on Schedule 14A filed with the U.S. Securities and Exchange Commission on March 14, 2024 (the “Proxy Statement”) and previously approved by the Board of the Company. As a result, the Company filed a Certificate of Amendment to the Company’s Certificate of Incorporation (“Certificate of Amendment”) with the Secretary of State of the State of Delaware on April 25, 2024, which became”

Utz Brands, Inc. shareholders approved To ratify the selection by the Company’s Audit Committee of Grant Thornton LLP to serve as the Company’s independent registered public accounting firm for the fiscal year ending December 29, 2024. at the 2024-04-25 meeting.

“To ratify the selection by the Company’s Audit Committee of Grant Thornton LLP to serve as the Company’s independent registered public accounting firm for the fiscal year ending December 29, 2024.”

Utz Brands, Inc. shareholders approved To approve an amendment to the Company’s Certificate of Incorporation to permit officer exculpation for certain breaches of fiduciary duties pursuant to the DGCL. at the 2024-04-25 meeting.

“To approve an amendment to the Company’s Certificate of Incorporation to permit officer exculpation for certain breaches of fiduciary duties pursuant to the DGCL.”

Utz Brands, Inc. shareholders approved To vote on a non-binding, advisory resolution to approve executive compensation. at the 2024-04-25 meeting.

“To vote on a non-binding, advisory resolution to approve executive compensation.”

Utz Brands, Inc. shareholders approved To elect four directors to serve as the Class I directors on the Company’s Board until the 2027 Annual Meeting of stockholders or until their successors are elected and qualified. at the 2024-04-25 meeting.

“To elect four directors to serve as the Class I directors on the Company’s Board until the 2027 Annual Meeting of stockholders or until their successors are elected and qualified.”

Utz Brands, Inc. incurred term loan of $630 million at SOFR rate +2.75% maturing January 2028 maturity date.

“other changes to the Existing Credit Agreement. Pursuant to the Refinancing Facility, the Borrower refinanced, in full, outstanding term loans having a principal amount of $630 million as of the Refinancing Date. Except as set forth herein, the material terms of the Refinancing Facility, including the January 2028 maturity date, remain unchanged. Under the”

Utz Brands, Inc. amended First Lien Credit Agreement valued at $630 million (effective 2024-04-17).

“Pursuant to the Refinancing Facility, the Borrower refinanced, in full, outstanding term loans having a principal amount of $630 million as of the Refinancing Date.”

Utz Brands, Inc. reported the year ended December 31, 2023 results: revenue $1,438.2 million, net income $(40.0) million, EPS $ (0.31).

“FY’23 Summary: • Net sales increased 2.1% year-over-year to $1,438.2 million. • Organic Net Sales increased 2.8% year-over-year. • Net loss of $(40.0) million vs. net loss of $(14.0) million in the year-ago period. • Adjusted EBITDA increased 9.8% year-over-year to $187.2 million.”

Utz Brands, Inc. reported the fourth quarter ended December 31, 2023 results: revenue $352.1 million, net income $(33.2) million, EPS $ (0.34).

“4Q’23 Summary: • Net sales decreased (0.7)% year-over-year to $352.1 million. • Organic Net Sales decreased (0.3)% year-over-year. • Net loss of $(33.2) million vs. net income of $13.8 million in the year-ago period. • Adjusted EBITDA increased 12.0% year-over-year to $49.4 million.”

Utz Brands, Inc. reported fiscal year ended December 31, 2023 results: revenue total net sales growth in a range of 2.0% to 2.2%. Guidance lowered.

“be more consistent with retail sales growth. For the fiscal-year 2023, based on preliminary financial information, the Company estimates 2023 total net sales growth in a range of 2.0% to 2.2%, and is narrowing its fiscal-year 2023 Adjusted EBITDA outlook range to growth of 9.5% to 10.0% versus the prior expectation of growth of 8% to 11%. These preliminary”

Utz Brands, Inc. entered into Purchase Agreement with Healthy Snacks Holdco LLC, North Carolina Tortilla Manufacturing LLC, Pennsylvania Tortilla Manufacturing LLC, and Best Snacks, LLC valued at $182.5 million (effective 2024-01-31).

“On January 31, 2024, Utz Brands, Inc., a Delaware corporation (the “Company”), through its indirect subsidiaries Utz Quality Foods, LLC, a Delaware limited liability company (“UQF”), R.W. Garcia Holdings, LLC, a Delaware limited liability company (“R.W. Garcia Holdings”), GH Pop Holdings LLC, a Pennsylvania limited liability company (“GH Pop Holdings”) and Condor Snack Foods, LLC, a Delaware limited liability company (“Condor Snack Foods” and together with UQF, GH Pop Holdings and R.W. Garcia Holdings, each a “Seller” and collectively the “Sellers”), entered into a Purchase Agreement (the “Purchase Agreement”) with Healthy Snacks Holdco LLC, a Delaware limited liability company (the “Equity Buyer”), North Carolina Tortilla Manufacturing LLC , a Delaware limited liability company (the “NC Real Estate Buyer”), Pennsylvania Tortilla Manufacturing LLC, a Delaware limited liability company (the “PA Real Estate Buyer,” together with the NC Real Estate Buyer and the Equity Buyer, each a “Buye”

Eric Aumen resigned as Principal Accounting Officer at Utz Brands, Inc..

“The Company’s prior principal accounting officer, Mr. Eric Aumen, resigned effective as of the Effective Date”

Ajay Kataria changed role as Chief Financial Officer at Utz Brands, Inc..

“designated Mr. Ajay Kataria as the Company’s principal accounting officer”

Eric Aumen resigned as Senior Vice President – Chief Accounting Officer at Utz Brands, Inc..

“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.”

Utz Brands, Inc. reported third fiscal quarter ended October 1, 2023 results: revenue Net sales of $371.9 million, net income Net income of $16.2 million, EPS Basic earnings per share of $0.20.

“branded salty snacks, today reported financial results for the Company’s third fiscal quarter ended October 1, 2023. 3Q’23 Summary: • Net sales increased 2.5% year-over-year to $371.9 million • Organic Net Sales increased 3.1% year-over-year • Net income of $16.2 million vs. net income of $1.5 million in the year-ago period • Adjusted EBITDA increased 9.2%”

Utz Brands, Inc. announced a restructuring affecting Carlisle Street Plant, Hanover, Pennsylvania (No job loss will occur due to the Carlisle Plant closure.).

“Announced that the Company’s lowest-volume manufacturing plant in Hanover, Pennsylvania (the “Carlisle Street Plant”) will cease operations in the first quarter of 2024;”

Utz Brands, Inc. announced a restructuring with charges of approximately $11 million affecting Bluffton, Indiana manufacturing facility (Buyer has offered all Company employees at the Facility employment within Buyer’s continuing business at the Facility).

“Subject to the terms of the Purchase Agreements, Buyer has offered all Company employees at the Facility employment within Buyer’s continuing business at the Facility. The Company currently expects to incur pre-tax charges of approximately $11 million in connection with the Transactions in fiscal year 2023, substantially all of which are non-cash charges from the loss on sale of assets.”

Utz Brands, Inc. reported second quarter ended July 2, 2023 results: revenue $362.9 million, net income $(8.6) million. Guidance raised.

“Utz Brands Reports Second Quarter 2023 Results and Raises 2023 Profit Outlook Hanover, PA –August 10, 2023 – Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), a leading U.S. manufacturer of branded salty snacks, today reported financial results for the Company’s second fiscal quarter ended July 2, 2023. 2Q’23 Summary: • Net sales increased 3.6% year-over-year to $362.9 million • Organic Net Sales increased 4.3% year-over-year • Net loss of $(8.6) million vs. net income of $2.5 million in the year-ago period • Adjusted EBITDA increased 7.1% year-over-year to $45.2 million • Raising fiscal 2023 Adjusted EBITDA outlook”

Utz Brands, Inc. amended revolving credit of approximately $225,000,000.

“The Eighth Amendment amends the Credit Agreement to, among other things, increase the aggregate amount of the revolving credit commitments under the ABL Facility from $175,000,000 to approximately $225,000,000 to align the borrowing capacity under the ABL Facility with the increased size of the borrower parties’ Collateral (as defined in the Credit Agreement), to extend the Maturity Date (as defined in the Credit Agreement), and to make certain other changes to the terms of the ABL Facility.”

Utz Brands, Inc. amended Eighth Amendment valued at from $175,000,000 to approximately $225,000,000 (effective 2023-07-20).

“On July 20, 2023, certain subsidiaries of Utz Brands Inc., entered into Amendment No. 8 (the “Eighth Amendment”) to an asset-based revolving credit facility (the “ABL Facility”) that was made under the terms of that ABL Credit Agreement dated November 21, 2017 (as amended from time to time, the “Credit Agreement”).”

Utz Brands, Inc. reported first quarter ended April 2, 2023 results: revenue $351.4 million, net income $(14.5) million. Guidance raised.

“Utz Brands, Inc. (NYSE: UTZ) (“Utz” or the “Company”), a leading U.S. manufacturer of branded salty snacks, today reported financial results for the Company’s fiscal first quarter ended April 2, 2023. 1Q’23 Summary: • Net sales increased 3.1% year-over-year to $351.4 million • Organic Net Sales increased 4.0% year-over-year • Net loss of $(14.5) million vs. a net loss of $(31.9) million in the year-ago period • Adjusted EBITDA increased 10.7% year-over-year to $40.4 million • Raising fiscal 2023 Adjusted EBITDA outlook”

Utz Brands, Inc. shareholders approved To ratify the selection by our Audit Committee of Grant Thornton LLP to serve as our independent registered public accounting firm for the fiscal year ending December 31, 2023. at the 2023-05-04 meeting.

“Votes For Votes Against Abstentions 135,699,102 174,582 19,800”

Utz Brands, Inc. shareholders approved To vote on a non-binding, advisory resolution to approve executive compensation. at the 2023-05-04 meeting.

“Votes For Votes Against Abstentions Broker Non-Votes 128,887,975 389,170 54,397 6,561,942”

Utz Brands, Inc. shareholders approved To elect four directors to serve as the Class III directors on the Company’s Board of Directors until the 2026 Annual Meeting of stockholders or until their successors are elected and qualified. at the 2023-05-04 meeting.

“Nominee Votes For Withheld Broker Non-Votes Timothy Brown 127,338,187 1,993,355 6,561,942 Christina Choi 112,325,267 17,006,275 6,561,942 Roger Deromedi 127,587,375 1,744,167 6,561,942 Dylan Lissette 127,146,183 2,185,359 6,561,942”

Utz Brands, Inc. announced a impairment with charges of approximately $8.5 million to $11.0 million affecting manufacturing facility located in Birmingham, Alabama.

“The Company also expects to incur non-cash charges of approximately $8.5 million to $11.0 million in asset impairments.”

Utz Brands, Inc. announced a restructuring with charges of approximately $3.0 million to $5.0 million affecting manufacturing facility located in Birmingham, Alabama.

“The Company currently expects to incur pre-tax cash charges of approximately $3.0 million to $5.0 million in connection with the Manufacturing Closure in fiscal year 2023, which is expected to include $1.5 million in severance costs and $1.5 million to $3.5 million in closing and transfer of production costs.”

Utz Brands, Inc.: Amended and restated bylaws to update director nomination procedures and disclosure requirements, adopt universal proxy card rules, and make conforming changes (effective 2023-03-21).

“On March 21, 2023, the Board of Directors (the “Board”) of Utz Brands, Inc. (the “Company”) amended and restated the Company’s bylaws (the “Bylaws”) to update the procedures and disclosure requirements for the nomination of director candidates for election at meetings of stockholders, including to require additional information in a notice of nomination submitted by a stockholder, and to address the adoption by the U.S. Securities and Exchange Commission of the “universal proxy card” rules, as set forth in Rule 14a-19 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).”

Utz Brands, Inc. reported financial results for fourth quarter and year ended January 1, 2023.

“On March 2, 2023, Utz Brands, Inc. (the " Company ") announced via press release the Company’s financial results for the fourth quarter and year ended January 1, 2023.”

Utz Brands, Inc. reported the third quarter ended October 2, 2022 results: revenue $362.8 million, net income $1.5 million, EPS $0.16. Guidance raised.

“salty snacks, today reported financial results for the Company’s fiscal third quarter ended October 2, 2022. 3Q’22 Highlights: • Net Sales increased 16.0% year-over-year to $362.8 million • Organic Net Sales increased 12.6% year-over-year • GAAP Net Income of $1.5 million vs. $31.4 million in the year-ago period (1) • Adjusted EBITDA increased 6.5% year-over-year”

Howard A. Friedman was appointed as Class I Director at Utz Brands, Inc..

“appointed Mr. Friedman as a Class I director on the Board”

Howard A. Friedman was appointed as Chief Executive Officer at Utz Brands, Inc..

“appointed Howard A. Friedman, age 52, as Chief Executive Officer of the Company”

Shane Chambers departed as Executive Vice President, Chief Growth Officer at Utz Brands, Inc..

“Shane Chambers, the Company’s Executive Vice President, Chief Growth Officer, has announced his intention to resign as an executive officer of the Company, effective in April 2022.”

Thomas "Tucker" Lawrence departed as Executive Vice President, Chief Supply Chain Officer at Utz Brands, Inc..

“Thomas “Tucker” Lawrence, the Company’s Executive Vice President, Chief Supply Chain Officer, has announced his intention to retire from the Company, effective in April 2022.”

Pamela Stewart was appointed as Director at Utz Brands, Inc..

“approved, effective January 3, 2022 (the “Effective Date”), an increase in the number of members on the Board from ten (10) to eleven (11) members and appointed Pamela Stewart to fill the newly created vacancy”

Ajay Kataria was named as Executive Vice President and Chief Financial Officer at Utz Brands, Inc..

“the Company has named Ajay Kataria as the Executive Vice President and Chief Financial Officer of the Company, effective October 4, 2021.”

Cary Devore was named as Executive Vice President and Chief Operating Officer at Utz Brands, Inc..

“Cary Devore, our current Executive Vice President and Chief Financial Officer, has been named Executive Vice President and Chief Operating Officer of the Company, effective October 4, 2021.”