UFP TECHNOLOGIES INC 8-K

What Happened
UFP Technologies, through its wholly owned subsidiary (Das Medical International SRL), announced Amendment No. 27 to its Manufacturing Supply Agreement with Intuitive Surgical SARL. The amendment, dated February 19, 2026 and effective January 1, 2026, extends the agreement term by two years through December 31, 2029, increases annual minimum volumes for the company’s largest program in 2028–2029, adds a new program to the agreement, and implements volume-based pricing tied to minimum purchase thresholds as well as certain cost‑sharing provisions.

Key Details

• Amendment No. 27 dated February 19, 2026; effective January 1, 2026.
• Extends the Supply Agreement (originally dated April 25, 2014) by two years to December 31, 2029.
• Material increases to annual minimum volumes for the largest program for 2028 and 2029, and one additional program added.
• Introduces volume-based pricing (based on minimum purchase thresholds) and cost‑sharing provisions.

Why It Matters
For investors, the amendment provides multi-year contract visibility with a strategic medical customer (Intuitive Surgical), which could support revenue continuity and potentially higher volumes in 2028–2029. The volume-based pricing and cost-sharing terms could affect margins depending on actual purchase levels. The filing also highlights risks: expected volumes are not guaranteed, the customer could source elsewhere or self-manufacture, and UFP may face production, supply-chain, or labor challenges that would affect the financial benefit of the amended agreement.