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AI brief of an SEC Form 8-K · UFP Industries (UFPI)

UFP Industries names William Schwartz CEO effective December 29, 2024; Missad to be executive chairman

Neutral Impact 4 of 5 leadership Written later

UFP Industries said its board appointed William D. Schwartz as chief executive officer effective December 29, 2024, and named current CEO Matthew J. Missad as executive chairman on the same date. The changes are a planned succession, and Missad has agreed to serve as executive chairman through 2026. The filing discloses pay changes for both men but no changes to reported financial results.

Key points

  • William D. Schwartz, currently president of UFP Retail, will become CEO on December 29, 2024, with base salary rising to $600,000 per year
  • Matthew J. Missad, CEO since July 2011, becomes executive chairman on December 29, 2024, at a base salary of $500,000 per year
  • Missad has agreed to remain executive chairman through 2026 and will assist with shareholder relations
  • CFO Michael Cole will add the title of President of Corporate Services

The filing

CompanyUFP Industries (UFPI)
Form8-K, current report
Filed with the SECAug 27, 2024, 4:14 PM ET
Accession number0000912767-24-000028

Items reported: 5.02 Director / Officer Change7.01 Regulation FD Disclosure

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 27, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.