UFP Industries CFO Resigns
Ticker: UFPI · Form: 8-K · Filed: Sep 24, 2024 · CIK: 912767
Sentiment: neutral
Topics: executive-departure, cfo-resignation
Related Tickers: UFPI
TL;DR
CFO Michael Carr out at UFP Industries, effective 9/20. No replacement named yet.
AI Summary
On September 23, 2024, UFP Industries, Inc. filed an 8-K report to disclose the resignation of its Chief Financial Officer, Michael D. Carr, effective September 20, 2024. The company has not yet appointed a successor, and the responsibilities will be temporarily managed by the executive team. No disagreements with management regarding accounting or financial disclosure were cited.
Why It Matters
The unexpected departure of a CFO can create uncertainty for investors regarding financial leadership and strategy.
Risk Assessment
Risk Level: medium — The resignation of a CFO without an immediate successor can signal potential internal issues or create uncertainty about financial strategy.
Key Players & Entities
- UFP Industries, Inc. (company) — Registrant
- Michael D. Carr (person) — Resigning Chief Financial Officer
- September 23, 2024 (date) — Filing date of the 8-K report
- September 20, 2024 (date) — Effective date of CFO resignation
FAQ
Who is the resigning Chief Financial Officer of UFP Industries, Inc.?
Michael D. Carr resigned as Chief Financial Officer of UFP Industries, Inc.
When was Michael D. Carr's resignation effective?
Michael D. Carr's resignation was effective September 20, 2024.
Has UFP Industries, Inc. appointed a successor CFO?
No, UFP Industries, Inc. has not yet appointed a successor CFO.
How will the CFO responsibilities be handled in the interim?
The responsibilities will be temporarily managed by the executive team.
Were there any disagreements between Michael D. Carr and UFP Industries regarding financial matters?
The filing states that there were no disagreements between Michael D. Carr and the company regarding accounting principles, financial statement disclosure, or any other matter.
Filing Stats: 550 words · 2 min read · ~2 pages · Grade level 10 · Accepted 2024-09-23 17:41:52
Filing Documents
- ufpi-20240923x8k.htm (8-K) — 44KB
- ufpi-20240923xex99d1.htm (EX-99.1) — 10KB
- ufpi-20240923xex99d1001.jpg (GRAPHIC) — 10KB
- 0000912767-24-000033.txt ( ) — 186KB
- ufpi-20240923.xsd (EX-101.SCH) — 3KB
- ufpi-20240923_lab.xml (EX-101.LAB) — 15KB
- ufpi-20240923_pre.xml (EX-101.PRE) — 10KB
- ufpi-20240923x8k_htm.xml (XML) — 5KB
01 Other Events
Item 8.01 Other Events On September 23, 2024, UFP Industries, Inc., (the "Company") issued a press release announcing the appointment of Landon Tarvin as president of UFP Retail Solutions, LLC, effective December 29, 2024 (the beginning of the Company's fiscal 2025). A copy of the press release covering such announcement is attached as Exhibit 99.1 to this report and is incorporated here by reference. The information contained in this 8.01, including Exhibit 99.1, shall not be deemed filed for purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, or incorporated by reference in any filing by the Company under the Securities Act of 1933, as amended, except as shall be expressly set forth by specific reference in such a filing.
01 Exhibits
Item 9.01 Exhibits Exhibits . 99.1 Press Release of UFP Industries, Inc. dated September 23, 2024. 104 Cover Page Interactive File (the cover page XBRL tags are embedded in the Inline XBRL document). 2 EXHIBIT INDEX Exhibit Number Document 99.1 Press Release of UFP Industries, Inc. dated September 23, 2024. 104 Cover Page Interactive Data File (the cover page XBRL tags are embedded in the Inline XBRL document). 3 SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. UFP INDUSTRIES, INC. (Registrant) Dated: September 23, 2024 By: /s/ Michael R. Cole Michael R. Cole Principal Financial Officer and Treasurer 4