UTZ

• Adjusted EBITDA increased 14.4% to $55.7 million, with adjusted EBITDA margin expanding 170 basis points to 15.0%.
• Net loss was $16.0 million, compared to net income of $10.1 million in the prior year period, which included a $12.5 million gain from warrant remeasurement.
• Adjusted earnings per share increased 11.8% to $0.19, while diluted EPS was $(0.11).
• On July 20, 2026, Utz agreed to be acquired by Intersnack Group for $14.25 per share in cash; the company will not provide 2026 outlook or hold a conference call.

2.02 Results of Operations and Financial Condition · 9.01 Financial Statements and Exhibits

• Each share of Class A common stock will be converted into the right to receive $14.25 in cash, without interest.
• Class V common stock held by Continuing Stockholders will be canceled for no consideration.
• The merger requires approval by a majority of outstanding shares and a majority of disinterested stockholders, plus regulatory clearances including HSR.
• The company's board, based on a special committee recommendation, approved the merger and recommends stockholders vote in favor.

1.01 Entry into a Material Definitive Agreement · 5.03 Amendments to Articles of Incorporation or Bylaws; Change in Fiscal Year · 9.01 Financial Statements and Exhibits

• Utz Brands and Intersnack Group announced a definitive merger agreement on July 21, 2026.
• The transaction implies an enterprise value of approximately $2.9 billion.
• Upon closing, Utz will be owned 50% by the Rice and Lissette Family and 50% by Intersnack Group, and Utz stock will be delisted from the NYSE.
• The transaction is expected to close in Q4 2026, subject to stockholder and regulatory approvals.

8.01 Other Events · 9.01 Financial Statements and Exhibits

• Mitchell Arends, EVP, Chief Integrated Supply Chain Officer and principal operating officer, resigned effective June 19, 2026, to join another publicly traded company.
• CEO Howard Friedman will assume the additional role of principal operating officer following the resignation.
• Friedman and the Executive Leadership Team will take over Integrated Supply Chain responsibilities.
• The Company reaffirmed its fiscal year 2026 financial outlook as previously stated on May 6, 2026.

5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements · 7.01 Regulation FD Disclosure

• Branded Salty Snacks organic net sales grew 5.2%, while total organic net sales increased 2.6%.
• Adjusted EBITDA increased 6.2% to $47.9 million, with adjusted EBITDA margin expanding 50 basis points to 13.3%.
• Net loss was $2.4 million, compared to net income of $5.7 million in the prior year period, which included an $11 million gain from warrant remeasurement.
• The company reaffirmed all aspects of its fiscal 2026 guidance, including organic net sales growth of 2% to 3% and adjusted free cash flow of $60 to $80 million.

2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• Utz Brands, Inc. held its 2026 Annual Meeting of Stockholders on April 23, 2026.
• Four Class III directors were elected: Timothy Brown, Christina Choi, Roger Deromedi, and Dylan Lissette, each to serve until the 2029 annual meeting.
• A non-binding advisory resolution to approve executive compensation passed with 122,546,516 votes for, 2,608,560 against, and 281,113 abstentions.
• The ratification of Grant Thornton LLP as independent registered public accounting firm for fiscal year ending January 3, 2027, was approved with 130,506,082 votes for, 3,626,556 against, and 262,139 abstentions.

5.07 Submission of Matters to a Vote of Security Holders

• Utz Brands, Inc. presented its long-term strategy and growth targets at the CAGNY Conference on February 18, 2026.
• Utz expects annual Adjusted EBITDA growth of 6-8% and an Adjusted EBITDA margin of at least 17% long-term.
• The company projects accelerated Adjusted Free Cash Flow of $100 million plus in 2027 and beyond, with leverage at approximately 2.5x long-term.
• The press release was furnished under Item 7.01 Regulation FD Disclosure and is not deemed filed for SEC purposes.

7.01 Regulation FD Disclosure · 9.01 Financial Statements and Exhibits

• Q4 2025 adjusted net income increased 16.0% to $37.6 million; adjusted EPS increased 18.2% to $0.26.
• Full year 2025 net sales increased 2.1% to $1,438.8 million; adjusted EBITDA increased 8.1% to $216.5 million.
• Board approved a new share repurchase program of up to $50 million of Class A common stock.
• FY 2026 outlook: organic net sales growth of 2-3%, adjusted EBITDA growth of 5-8%, adjusted free cash flow of $60-80 million.

2.02 Results of Operations and Financial Condition · 7.01 Regulation FD Disclosure · 8.01 Other Events · 9.01 Financial Statements and Exhibits