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R. Jeffrey Bailly

Chairman and Chief Executive Officer at UFP TECHNOLOGIES
Board
Since January 1, 1995
Age
62 years
Tenure
Joined UFPT in 1988 and progressed through roles including Division Manager (1989–1992), General Manager of Northeast Operations (1992–1994), Vice President of Operations (1994–1995), President (1995–2024), and ultimately has served as Chief Executive Officer since 01-01-1995 and Chairman since October 2006.

Also at UFP TECHNOLOGIES

CPL
Christopher P. Litterio
General Counsel, Secretary, and Senior Vice President of Human Resources
JH
Jason Holt
Vice President and Chief Commercial Officer
MCR
Mitchell C. Rock
President

About

Personal and Early Professional Background:

A certified public accountant, he began his professional journey at Coopers & Lybrand from 1984 to 1988, building a strong foundation in accounting and finance. This early experience has been integral in shaping his analytical approach and leadership style in the manufacturing domain.

Professional Journey at UFPT:

He joined UFPT in 1988 and has steadily advanced through key roles, including Division Manager (1989–1992), General Manager of Northeast Operations (1992–1994), and Vice President of Operations (1994–1995). His appointment as President in 1995, followed by his long-standing tenure as Chief Executive Officer since 01-01-1995 and as Chairman since October 2006, highlights a progressive career marked by consistent promotions and strategic leadership.

Contributions and Leadership Impact:

Beyond his operational roles, his contributions have been pivotal in driving UFPT’s growth and innovation, particularly in advanced manufacturing solutions. His involvement in influential leadership organizations, such as the World Presidents’ Organization and Young Presidents’ Organization, further reinforces his commitment to excellence and industry leadership.

$UFPT Performance Under R. Jeffrey Bailly

Past Roles

OrganizationRoleDate RangeDetails
UFP Technologies President 1995–2024 Held prior to becoming Chairman & CEO
UFP Technologies Vice President of Operations 1994–1995 N/A
UFP Technologies General Manager Northeast Operations 1992–1994 N/A
UFP Technologies Division Manager 1989–1992 N/A
Coopers & Lybrand Certified Public Accountant 1984–1988 Gained experience in accounting and finance

External Roles

OrganizationRoleDate Range
World Presidents’ Organization Member N/A

Fixed Compensation

Data from  FY 2023
Component NameAmountPayment ScheduleAdditional Details
Base Salary$680,000Annual (2023)Fixed annual base salary
Annual Stock Grant$400,000Issued on December 26, 20232,247 shares at $178.05 per share

Performance Compensation

Data from  FY 2023

Cash Bonus Component

MetricValueDetails
Target AOI$48,227,000 Base target for performance measurement
Actual AOI$61,336,342 Exceeded target; Threshold (80%): $38,581,600, Exceptional (115%): $55,461,050
Financial Incentive$400,000 Portion tied to adjusted operating income
Individual Goals Incentive$280,000 For acquisitions, cost reductions, safety, quality compliance, and ROIC objectives
Total Cash Bonus Cap$1,360,000 2x base salary cap
Cash Bonus Awarded$1,360,000 Awarded due to performance exceeding targets

Stock Unit Awards Component

MetricValueDetails
Grant DateFebruary 14, 2023 Date of grant
Grant Date Fair Value$2,361,000 Fair value of equity incentive plan awards
Grant Date Stock Price$178.05 Price per share for the annual stock grant issued on December 26, 2023
Threshold Shares7,056 shares Minimum performance threshold
Target Shares14,112 shares Target level at 100% performance
Exceptional Shares21,168 shares Awarded for exceptional performance (exceeding 115% of target AOI)
Vesting Schedule1/3 on March 1, 2024; March 1, 2025; March 1, 2026Vesting in equal installments, subject to continued employment and performance