UFP Technologies CEO R. Jeffrey Bailly To Retire In 2026; Mitchell C. Rock Named Successor And Mr. Bailly To Become Executive Chairman

On December 1, 2025, R. Jeffrey Bailly, Chief Executive Officer of UFP Technologies, Inc., a Delaware corporation (the "Company"), announced his retirement from his position as Chief Executive Officer of the Company, effective as of the completion of the Company's Annual Meeting of Stockholders currently scheduled for June 4, 2026 (the "Effective Date"). Mr. Bailly's retirement was not because of any disagreement with the Company on any matter relating to the Company's operations, policies or practices, including accounting principles and practices. Mr. Bailly intends to remain on the Board of Directors of the Company (the "Board").

 

Appointment of Chief Executive Officer

 

Subject to Mitchell C. Rock's execution and delivery of an Employment Offer Letter, in form and substance satisfactory to the Company, Mr. Rock will serve as the Chief Executive Officer of the Company, effective as of the Effective Date.

 

Mr. Rock, age 58, initially joined the Company in 1991 and served as Director, Sales and Marketing of what was the Company's Moulded Fibre division. From May 1999 through October 2000, Mr. Rock left the Company to serve as Vice President, Sales and Business Development of Esprocket, an internet start-up company. Mr. Rock rejoined the Company in April 2001 as Vice President, Sales and Marketing of the Moulded Fibre division and served as the Company's Vice President of Sales and Marketing from May 2002 to June 2014. From June 2014 to June 2021, Mr. Rock served as the Company's Senior Vice President of Sales and Marketing, and from January 1, 2020 to June 2021, Mr. Rock also served as General Manager, Medical. From June 2021, Mr. Rock served as President, UFP MedTech. Since February 2024, Mr. Rock has served as President of the Company. Since 2016, Mr. Rock has also served on the board of directors of Outlook Amusements, Inc., an entertainment company specializing in advice-based products and services.

 

Other than the Employment Offer Letter, there are no arrangements or understandings between Mr. Rock and any other person pursuant to which Mr. Rock will be promoted to Chief Executive Officer of the Company. There are no family relationships between Mr. Rock and any director or executive officer of the Company, and he has no indirect material interest in any transaction required to be disclosed pursuant to Item 404(a) of Regulation S-K. For more information about Mr. Rock, please see the Company's definitive proxy statement on DEF 14A, filed with the U.S. Securities and Exchange Commission on April 30, 2025.

 

Appointment of Executive Chairman of the Board

 

Additionally, on December 1, 2025, the Board appointed Mr. Bailly as Executive Chairman of the Board, effective as of the Effective Date. For more information about Mr. Bailly, please see the Company's definitive proxy statement on DEF 14A, filed with the U.S. Securities and Exchange Commission on April 30, 2025.