UFP Technologies, Inc. appointed Mitchell C. Rock as Chief Executive Officer effective June 4, 2026, and approved new compensation arrangements for him and other named executive officers, including base salary increases, annual bonus targets, and long-term incentive awards.
Key takeaways
Mitchell C. Rock appointed as Chief Executive Officer effective June 4, 2026, with a base salary of $700,000 per year and an annual bonus target of up to 100% of base salary.
Rock will receive a one-time grant of $650,000 worth of restricted stock units (RSUs) on June 4, 2026, subject to a three-year vesting period.
Base salary increases for named executive officers effective January 1, 2026, including Mitchell C. Rock ($550,000), Ronald J. Lataille ($505,000), Christopher P. Litterio ($400,500), and Jason Holt ($400,000).
The Compensation Committee approved stock unit awards and performance share awards for named executive officers on February 10, 2026, with vesting dates in March 2027, 2028, and 2029.
Rock's Executive Severance Agreement provides for severance benefits equal to 18 months of base salary and COBRA reimbursement if terminated without Cause or for Good Reason, or a lump sum payment of two times base salary plus target bonus in a Change of Control scenario.