UFP TECHNOLOGIES INC — Board/Management Information 2020

Sep 25, 2020

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549

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FORM 8-K

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Current Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event Reported): September 22, 2020

| UFP
Technologies, Inc. |
| --- |
| (Exact Name of Registrant as Specified in Charter) |
| Delaware |
| (State or Other Jurisdiction of Incorporation) |

001-12648	04-2314970
(Commission File Number)	(I.R.S. Employer Identification Number)
100 Hale Street , Newburyport , MA - USA	01950-3504
(Address of Principal Executive Offices)	(Zip Code)

978 - 352-2200
(Registrant's telephone number, including area code)
N/A
(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	UFPT	The NASDAQ Stock Market L.L.C.

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). 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. ☐

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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective September 25, 2020, Mr. William David Smith ceased to be Senior Vice President, Operational Excellence and Shared Services and is no longer employed by UFP Technologies, Inc. (the “Company”). The Company thanks Mr. Smith for his many contributions over the years and wishes him well in his future endeavors.

In connection with Mr. Smith’s departure, on September 23, 2020, the Company entered into a Separation Agreement and General Release with Mr. Smith (the “Separation Agreement”), pursuant to which Mr. Smith has agreed to a general release of claims and certain other confidentiality and non-disparagement restrictions. Pursuant to the Separation Agreement, Mr. Smith will receive severance benefits based on his years of service with the Company.

The Separation Agreement is filed as Exhibit 10.1 to this Current Report on 8-K and is incorporated herein by reference. The foregoing description of the Separation Agreement is not intended to be complete and is qualified in its entirety by reference to the full text of the Separation Agreement.

Item 9.01. Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.	Description
10.1	Form of Separation Agreement and General Release, dated September 23, 2020, between William David Smith and UFP Technologies, Inc.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document)

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SIGNATURES

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 hereunto duly authorized.

Dated: September 25, 2020
By:	/s/ Ronald J. Lataille
	Ronald J. Lataille, Chief Financial
	Officer and Senior Vice President