UFP TECHNOLOGIES INC 8-K

What Happened
UFP Technologies (UFPT) announced on June 4, 2026 that it appointed Ryan Stafford as the Company’s General Counsel, Senior Vice President of Human Resources, and Secretary, effective June 4, 2026. The company previously disclosed on May 19, 2026 that incumbent Christopher P. Litterio plans to retire after a transition. Mr. Stafford, age 58, joins from Littelfuse, Inc., where he held senior legal and M&A roles; he holds a B.A. from Bowdoin College and a J.D. from the University of Maine School of Law.

Key Details

• Appointment effective date: June 4, 2026.
• Base salary: $400,000.
• Annual cash bonus target: 50% of base salary (target = $200,000). Compensation Committee approved Mr. Stafford’s 2026 cash bonus plan.
• Annual equity award approved with grant‑date value of $650,000: 50% restricted stock units (RSUs) and 50% performance share awards.
• No family relationships or related‑party transactions requiring disclosure; employment offer letter filed as Exhibit 10.1 to the 8‑K.

Why It Matters
This is a senior legal and HR leadership change that affects corporate governance and executive compensation. The disclosed salary, bonus target and sizable equity award indicate the company’s compensation approach for a senior in‑house legal and HR leader. Investors should note the planned retirement of the prior General Counsel and that the Compensation Committee has approved Mr. Stafford’s pay package; there were no disclosed related‑party issues.