UNIFI, INC. (NYSE:UFI) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(d) On January 24, 2018, the Board of Directors (the “Board”) of Unifi, Inc. (the “Company”) elected Albert P. Carey, Chief Executive Officer of PepsiCo North America, to the Board, effective that day, with a term expiring at the Company’s 2018 Annual Meeting of Shareholders. Concurrent with his election as a director, Mr. Carey was appointed to the Corporate Governance and Nominating Committee of the Board. There are no arrangements or understandings between Mr. Carey and any other persons to which he was selected as a director. Additionally, there are no transactions involving the Company and Mr. Carey that the Company would be required to report to Item 404(a) of Regulation S-K.
Mr. Carey will receive compensation for his Board and committee service in accordance with the Company’s Director Compensation Policy for independent directors, a copy of which was attached as Exhibit 10.1 to the Company’s Current Report on Form 8-K filed with the Securities and Exchange Commission on October 30, 2017.Specifically, in connection with his election as a director, Mr. Carey will receive a grant of $113,513.51 of unrestricted units of the Company’s common stock, representing a prorated portion of the $150,000 annual retainer for independent directors.
A copy of the press release announcing Mr. Carey’s election is attached as Exhibit 99.1 and is incorporated herein by reference.
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Item 9.01. |
Financial Statements and Exhibits. |
(d)Exhibits.
UNIFI INC ExhibitEX-99.1 2 ufi-ex991_14.htm EX-99.1 ufi-ex991_14.htm Exhibit 99.1 Unifi Elects PepsiCo North America CEO Albert P. Carey to the Board of Directors Greensboro,…To view the full exhibit click here
About UNIFI, INC. (NYSE:UFI)
Unifi, Inc. is a manufacturing company. The Company processes and sells commodity yarns, specialized yarns and premier value-added (PVA) yarns. The Company operates through three segments: Polyester segment, Nylon segment and International segment. The Company’s polyester products include polyester polymer beads (Chip), partially oriented yarn (POY), textured, solution and package dyed, twisted, beamed and draw wound yarns. Each polyester product is available in virgin or recycled varieties, where the recycled is made from both pre-consumer yarn waste and post-consumer waste, including plastic bottles. The Company’s nylon products include textured, solution dyed and spandex covered products. The Company’s products include REPREVE, Sorbtek, Reflexx, aio, Augusta and A.M.Y. The Company’s principal geographic markets for its products are located in North America, Central America, South America and Asia.
