Utz Brands(UTZ)2025-04-17 12:00Financial Results - Utz Brands, Inc. announced preliminary first fiscal quarter 2025 results, reaffirming financial guidance for fiscal year 2025[4]. - The company reported GAAP Net Sales for fiscal year 2024, with a detailed summary by fiscal quarter available in the presentation[5]. - The company’s financial results are subject to completion of financial closing procedures and review by independent auditors[4]. Executive Changes - Ajay Kataria will transition from his role as CFO effective May 1, 2025, and will assist in a special advisor role until May 31, 2025[7]. - William J. Kelley Jr. has been appointed as the new CFO, with an annual base salary of 50,000[11]. - Mark Schreiber, Executive Vice President, Sales and Chief Customer Officer, will retire effective May 31, 2025, and will assist in a special advisor role until June 30, 2025[12]. - Jeremy Stuart will assume the position of Executive Vice President, Sales and Chief Customer Officer effective May 31, 2025[13]. Compensation and Incentives - The new CFO will be eligible for annual incentive awards under the company's equity incentive plan, with a target grant value of 135% of his base salary[11]. - The company’s performance stock units and restricted stock units will continue to vest for departing executives based on performance metrics[12]. Additional Information - The press release and additional financial information are attached as exhibits to the current report[14].