Where are Utz’s corporate headquarters?

Utz’s corporate office is located at 900 High Street, Hanover, PA 17331.

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Who are the members of Utz’s Board of Directors?

You can review our Board of Directors by visiting the Corporate Governance Section on our website.

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Who are the members of Utz’s Management Team?

You can review our Management team by visiting the Corporate Governance Section on our website.

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When is Utz’s fiscal year end?

Utz has a fiscal year ending on the Sunday closest to December 31. Typically, our fiscal year is fifty-two weeks, consisting of four, 13-week quarters ending on the thirteenth Sunday of each quarter. Certain of our fiscal years are fifty-three weeks, for which the fourth quarter is comprised of fourteen weeks and ends on the fourteenth Sunday. Fiscal year 2020 is a fifty-three-week period that will end on January 3, 2021.

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In summary terms, how is Utz’s ownership broken out as a result of the business combination with Collier Creek Holdings?

A summary of our outstanding securities can be found at this link.

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How can I obtain investor relations materials regarding Utz?

You can obtain investor relations materials regarding Utz in the Investor Relations section of our website.

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How can I get a copy of your filings made with the Securities and Exchange Commission (SEC)?

Our filings made with the SEC, including our annual reports on Form 10-K and quarterly reports on Form 10-Q, are available under the SEC Filings page of our investor relations section of the corporate website.

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Where can I find Utz’s recent press releases?

You can review our recent press releases by visiting the News section of our website.

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Who is Utz’s independent registered public accounting firm?

Utz’s independent registered public accounting firm is Grant Thornton LLP.

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Who is Utz’s outside legal counsel?

Utz’s outside legal counsel is Cozen O’Connor.

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How can I sign up to receive Utz’s press releases and other company information?

Please visit the Email Alerts section of our corporate website and select which alerts you would like to receive.

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Who can I contact for investor relations inquiries?

Please contact utz@icrinc.com.

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Who can I contact for media relations inquiries?

Please contact Hannah Arnold of The LAKPR Group at harnold@lakpr.com. For other marketing related inquiries, please contact Kevin Brick at kbrick@utzsnacks.com.

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Where can I find more information on Utz’s products?

You can view Utz’s products by visiting the Products section of our website.

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If I have questions regarding Utz that have not been answered, whom should I contact?

Please visit the Investor Contacts section of our website.

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Stock*

How do I buy Utz Brands, Inc. stock?

Class A Common Stock of Utz Brands Inc. is publicly traded on the New York Stock Exchange under the ticker symbol “UTZ” To purchase shares of Class A Common Stock in Utz you can do so through your brokerage firm.

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On which exchange is Utz’s securities listed and what are the ticker symbols?

Utz’s securities are traded on the New York Stock Exchange. Shares of Utz’s Class A Common Stock trade under the ticker symbol “UTZ” and Warrants to purchase Utz’s Class A Common Stock trade under the ticker symbol ‘UTZ.WS”.

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What is the difference between UTZ and UTZ.WS?

“UTZ” is the ticker symbol for our Class A Common Stock and UTZ.WS is the ticker symbol for Warrants to purchase our Class A Common Stock.

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Does Utz pay dividends on its Class A common stock and have a dividend reinvestment program?

On September 10, 2020 Utz declared a regular quarterly cash dividend of $0.05 per share of Class A Common Stock. Utz has previously disclosed its intent subject to the qualifications below to pay an annual dividend of $0.20 per Class A common. Future declarations of quarterly or other dividends are subject to the determination and discretion of Utz’s Board of Directors based on its consideration of various factors, including Utz’s results of operations, financial condition and other factors that Utz’s Board of Directors may deem relevant. Utz does not presently offer a dividend reinvestment program.

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Who is Utz’s transfer agent and how do I contact them?

Investors should contact Utz’s transfer agent listed below. A transfer agent manages and maintains the records of a company’s shares.

Continental Stock Transfer & Trust Company
One State Street, 30th Floor
New York, New York 10004

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Warrants*

When can I exercise my Warrants?

The Warrants became exercisable on October 5, 2020, the date Utz’s Registration Statement on Form S-1 (initially filed September 21, 2020) was declared effective by the SEC.

The Warrants will expire at 5:00 p.m., New York City time, on August 28, 2025, unless earlier redeemed or terminated under the terms of the Warrants. In addition, Warrants may not be exercised for cash unless the registration statement covering the shares issuable upon exercise of the Warrants is effective and current and the prospectus relating to those shares is current at the time of the proposed exercise.

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If I own an Utz Warrant (UTZ.WS), does that mean I have the right to buy a share of Utz Class A Common Stock (Utz) for $11.50?

Yes. Each Utz Warrant (UTZ.WS) gives the holder the right to buy a share of Utz Class A Common Stock (Utz) for $11.50.

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What is the strike price of the Warrants?

Warrants have a strike price of $11.50 per share. Each Warrant can be exercised for one share of Utz Class A Common Stock.

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What is the term of a Warrant?

Each Warrant has a 5-year term from the closing date of the business combination (or August 28, 2025), subject to the earlier termination upon our redemption of the Warrants (other than with respect to the private placement Warrants), upon an “alternative redemption date” (as described below) or our liquidation.

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How do I exercise my Warrants?

If you hold Warrants and have funds available in your brokerage account ($11.50 per Warrant) to satisfy the Warrant strike price, you may exercise Warrants by contacting your personal brokerage firm (e.g., Goldman Sachs, Citigroup, Credit Suisse, BofA Merrill Lynch, Fidelity, Charles Schwab, etc.) and notifying them of your intent to exercise your Warrants.

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After I notify my broker of my intent to exercise (which can only be exercised after Utz’s Registration Statement on Form S-1 is declared effective), what is the process?

  • Notify your broker of your intent to exercise.
  • Provide $11.50 per Warrant to your broker.
  • Your broker will then forward $11.50 per Warrant to the Depository Trust Company (DTC) and notify them of your intent to exercise.
  • DTC will then credit your broker the underlying common shares for each Warrant exercised on your behalf.
  • Your broker will then have the ability to distribute the underlying shares into your brokerage account.
  • Each brokerage firm, following its own process and timeline, will then distribute the underlying shares into your account (often on the same day the Warrant was exercised, but not always. Each broker’s process is different).
  • Once the underlying shares of Class A Common stock are distributed into your account by your broker, these shares should be immediately tradeable.

For any questions about the process outlined above, specifically, with respect to the exercise and distribution of shares, please reach out to your broker for further details.

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After I exercise my Warrants, how soon will I be able to trade the underlying shares of Class A Common Stock?

Upon (1) exercise by the Warrant holder, and (2) upon delivery of underlying shares of Class A Common Stock to your broker, common shares are expected to be immediately tradable.

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So, a Warrant gives me the right, but not the obligation, to buy the Class A Common Stock of Utz for $11.50 per share. What does this mean, how do the economics work?

Yes. Each Warrant gives the holder the right to buy a share of Class A common stock for $11.50 per share. This allows Warrant holders to buy a share of Class A Common Stock of Utz for $11.50.

For example, if you purchase a Warrant in the open market, which gives you the right to purchase Utz Class A Common Stock for $11.50 per share, you would have the ability to own such share for (A) the open market price paid for the Warrant + (B) $11.50 per share (exercise price of the Warrant). This example does not include any tax liability you may have.

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Are the Utz Warrants redeemable by Utz?

Yes. The public warrants and the forward purchase warrants may be redeemed by us, in whole (and not in part) if certain conditions are satisfied. Utz will not be permitted to redeem the public warrants and forward purchase warrants for cash until the reported last sale price of the Class A Common Stock equals or exceeds $18.00 per share (as adjusted for share splits, share capitalizations, reorganizations, recapitalizations and the like) for 20 trading days within a 30-trading day period. If Utz has determined to redeem the warrants for cash payment of $0.01 per warrant, Utz is required to notify holders in writing of the redemption within three business days of satisfying the $18.00 trigger noted above, and the notice must be provided to Warrant holders at least 30 days prior to the redemption date. Prior to the redemption date, holders of public warrants and forward purchase warrants may exercise their warrants by paying $11.50 in cash per warrant to Utz. Utz also has the option to require such exercises to be made on a “cashless basis” (please see pages 155 and 156 of our prospectus for a description of redemption procedures and the formula for determining the number of shares of Class A Common Stock delivered in connection with a cashless exercise, which can be found at this link). If the warrants remain outstanding at the end of the redemption period, as a result of the holder not exercising such warrants, Utz will redeem the outstanding public warrants and forward purchase warrants for $0.01 per warrant.

Alternatively, commencing 90 days after such Warrants became exercisable, we may redeem such Warrants (except as described herein with respect to the private placement Warrants), in whole (and not in part), for a number of shares of Class A Common Stock to be determined by a formula (please see pages 153 through 155 of our prospectus relating to the Warrants for such formula, which can be found at this link), based on the redemption date and the fair market value of our Class A Common Stock except as otherwise described in the Warrant Agreement, upon a minimum of 30 days’ prior written notice of redemption; and if, and only if, the last sale price of our Class A Common Stock equals or exceeds $10.00 per share (as adjusted per share splits, share dividends, reorganizations, reclassifications, recapitalizations and the like) on the trading day prior to the date on which we send the notice of redemption to the Warrant holders. Prior to the redemption date, holders of public warrants and forward purchase warrants may exercise their warrants. Utz has the option to require such exercises to be made on a “cashless basis” (please see pages 155 and 156 of our prospectus for a description of redemption procedures and cashless exercise, which can be found at this link). ). If the warrants remain outstanding at the end of the redemption period, Utz will redeem the outstanding public warrants and forward purchase warrants for shares of Class A Common Stock determined pursuant to the formula.

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Where can I find more information about Utz Warrants?

Please find the Warrant agreement as attached as Exhibit 4.2 of the Current Report on Form 8-K filed with the SEC on September 3, 2020.

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Business Combination with Collier Creek Holdings

Who was Collier Creek Holdings (CCH)?

Collier Creek Holdings was a special purpose acquisition company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.

On August 28, 2020 Utz and Collier Creek Holdings completed a business combination and on August 31, 2020 legacy Collier Creek Holdings’ shares began trading on the New York Stock Exchange under UTZ and legacy Collier Creek Holdings’ warrants began trading on the New York Stock Exchange under UTZ.WS. Legacy investors are now automatically owners of UTZ/UTZ.WS.

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When did Collier Creek Holdings go public?

Collier Creek Holdings completed its initial public offering in October 2018, trading on the NYSE under the ticker symbols CCH, CCH.U, and CCH WS. Upon the consummation of the business combination with Utz Brands Holdings, LLC on August 28, 2020, Collier Creek Holdings changed its name to Utz Brands, Inc., trading on the NYSE under the ticker symbols UTZ and UTZ WS.

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How many shares of Utz Class A Common Stock did Collier Creek public shareholders receive at the close of the business combination?

At the closing of the business combination, each share of Collier Creek Holdings became one share of Utz Class A Common Stock on a 1:1 basis.

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How will the Sponsor of Collier Creek Holdings be involved with the business post-close?

A representative of Collier Creek Partners LLC, the sponsor of Collier Creek Holdings, designated certain nominees who are currently serving on the Board of Directors of Utz. These directors are Christina Choi, Roger K. Deromedi, Antonio F. Fernandez, Jason K. Giordano and Craig D. Steeneck.

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*All share numbers and prices are subject to adjustment for splits, reverse splits, share dividends, reorganizations, reclassifications, recapitalizations and the like or similar events.