UFP Industries Reports Director/Officer Changes & Compensation
Ticker: UFPI · Form: 8-K · Filed: Feb 14, 2025 · CIK: 912767
Sentiment: neutral
Topics: corporate-governance, officer-changes, director-changes
Related Tickers: UFPI
TL;DR
UFP Industries (UFPI) filed an 8-K detailing director/officer changes and compensation arrangements as of Feb 13, 2025.
AI Summary
UFP Industries, Inc. filed an 8-K on February 14, 2025, reporting on the departure of directors or certain officers, the election of directors, and the appointment of certain officers. The filing also covers compensatory arrangements for certain officers, with the earliest reported event date being February 13, 2025.
Why It Matters
Changes in a company's board of directors and executive officers, along with details on their compensation, can signal shifts in strategy or governance that may impact shareholders.
Risk Assessment
Risk Level: low — This filing is routine corporate governance reporting and does not indicate immediate financial distress or significant operational changes.
Key Players & Entities
- UFP INDUSTRIES, INC. (company) — Registrant
- February 13, 2025 (date) — Earliest event reported
- February 14, 2025 (date) — Date of report
FAQ
What specific officer positions were affected by the appointments or departures?
The filing indicates changes related to 'Departure of Directors or Certain Officers' and 'Appointment of Certain Officers' but does not specify the exact positions in the provided text.
Were there any new directors elected to the board?
Yes, the filing explicitly mentions 'Election of Directors' as a reported item.
What is the primary business of UFP Industries, Inc.?
UFP Industries, Inc. is primarily involved in the 'SAWMILLS, PLANNING MILLS, GENERAL' industry, as indicated by its SIC code [2421].
When did UFP Industries, Inc. change its name from Universal Forest Products Inc.?
The company changed its name from Universal Forest Products Inc. on September 29, 1993.
What is the principal executive office address for UFP Industries, Inc.?
The principal executive offices are located at 2801 East Beltline, NE, Grand Rapids, Michigan, 49525.
Filing Stats: 486 words · 2 min read · ~2 pages · Grade level 11.2 · Accepted 2025-02-14 10:07:56
Filing Documents
- ufpi-20250213x8k.htm (8-K) — 41KB
- 0000912767-25-000005.txt ( ) — 154KB
- ufpi-20250213.xsd (EX-101.SCH) — 3KB
- ufpi-20250213_lab.xml (EX-101.LAB) — 15KB
- ufpi-20250213_pre.xml (EX-101.PRE) — 10KB
- ufpi-20250213x8k_htm.xml (XML) — 5KB
From the Filing
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 OR 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): February 13, 2025 UFP INDUSTRIES, INC. (Exact name of registrant as specified in its charter) Michigan (State or other Jurisdiction of Incorporation) 0-22684 (Commission File Number) 38-1465835 (IRS Employer Identification No.) 2801 East Beltline, NE Grand Rapids , Michigan (Address of Principal Executive Offices) 49525 (Zip Code) Registrant's telephone number, including area code: ( 616 ) 364-6161 None (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425). Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12). Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)). Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)). Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock UFPI The NASDAQ Stock Market, LLC Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (240.12b-2 of this chapter). Emerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers On February 13, 2025, the Board of Directors of UFP Industries, Inc., a Michigan corporation (the "Company"), appointed William D. Schwartz as the President of the Company, effective December 29, 2024 (the beginning of fiscal 2025). As the Company disclosed in its Form 8-K filed August 27, 2024, Mr. Schwartz was previously appointed Chief Executive Officer (CEO) of the Company effective December 29, 2024. Mr. Schwartz's compensation is as disclosed in the Form 8-K filed August 27, 2024, which compensation is not impacted by his additional appointment as the President of the Company. 2 EXHIBIT INDEX Exhibit Number Document 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: February 14, 2025 By: /s/ Michael R. Cole Michael R. Cole Principal Financial Officer and Treasurer 4