Dylan B. Lissette is the former CEO of Utz Brands, a popular snack company known for its chips and pretzels. He took the lead in 2013 and transitioned to the CEO role during an important business combination in 2020. Lissette's...

Number of Employees

3.65K

Year

2022

Total Compensation

$2.80M

Salary

$796.31K

Board Justification

The compensation program is designed to align the compensation of executive officers with the long-term interests of stockholders and to provide a total compensation opportunity that allows for attracting and retaining talented executive officers.

Bonus

$1.75M

Board Justification

The bonus was based on the achievement of specific performance milestones for the Company and the participants, calculated by multiplying the base salary by the individual’s target award percentage and performance scores.

Other

$27.14K

Board Justification

Other compensation includes matching contributions under the 401(k) plan and other perquisites.

Restricted Stock

$228.75K(14.42K RSU)

Board Justification

The vested stock consists of restricted stock units that were earned and vested during the fiscal year 2022.

Performance Metrics

The performance metrics for the CEO's compensation included Adjusted EBITDA, Net Sales, and individual performance objectives.

SEC Filing

From March 22, 2023

Dylan B. Lissette

Ex-CEO of Utz Brands

DB

Education

Bachelor's degree in Business Administration

Field of Expertise

Business & Management

Born

February 15, 1974 - 50 years ago

Is Founder?

No

Tenure

3 years 4 months (Aug 2019 - Dec 2022)

Previous Experience

CEO of Utz Brands, Inc. since August 2019