Management ChangeApr 30, 2026, 12:46 PM
UFPT CEO Bailly to Retire; Rock Named CEO; AGM Set for June 4, 2026
AI Summary
UFP Technologies, Inc. announced that its Annual Meeting of Stockholders will be held virtually on June 4, 2026. Key proposals include the election of seven directors, a non-binding advisory vote on executive compensation, and the ratification of Grant Thornton LLP as the independent auditor. Additionally, current CEO R. Jeffrey Bailly will retire from his CEO position on June 4, 2026, and transition to Executive Chairman, with Mitchell C. Rock appointed as the new Chief Executive Officer.
Key Highlights
- R. Jeffrey Bailly to retire as CEO on June 4, 2026, transitioning to Executive Chairman.
- Mitchell C. Rock will assume the role of Chief Executive Officer on June 4, 2026.
- Annual Meeting of Stockholders to be held virtually on June 4, 2026, at 10:00 a.m. EDT.
- Stockholders will vote on the election of seven directors.
- Advisory vote on named executive officer compensation and ratification of Grant Thornton LLP as auditor.
- Record date for voting is April 10, 2026, with 7,736,939 shares outstanding.
- Board of Directors has 85.7% independent directors (6 of 7) and 29% women directors.