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    Utah Medical Products Inc (UTMD)

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    Utah Medical Products, Inc. (UTMD) is a vertically integrated manufacturing company that develops, produces, and distributes high-quality medical devices globally. The company focuses on improving patient safety and clinical outcomes while maintaining cost-effectiveness. UTMD's products are used in critical care areas such as neonatal intensive care units, labor and delivery departments, and women's health centers, as well as in outpatient clinics and physician offices.

    1. Gynecology/Electrosurgery/Urology - Provides tools for gynecological procedures, including devices for cervical/uterine disease, specialty excision and incision tools, conservative urinary incontinence therapy devices, and urology surgical procedure devices.
    2. Blood Pressure Monitoring/Accessories/Other - Offers specialized transducers, components, and molded parts sold on an OEM basis to other companies.
    3. Neonatal Critical Care - Supplies devices for critically ill babies, including vascular access, enteral feeding, oxygen therapy, and thermal environment maintenance.
    4. Obstetrics - Delivers labor and delivery management tools for monitoring fetal and maternal well-being, reducing risks in delivery procedures, and enhancing clinician and patient safety.
    NamePositionExternal RolesShort Bio

    Kevin L. Cornwell

    ExecutiveBoard

    President and CEO

    Kevin L. Cornwell has been President and CEO of UTMD since December 1992 and has served as Chairman since 1996, leveraging over 45 years of senior management experience in the technology and medical device industries.

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    Barbara A. Payne

    Board

    Director

    Barbara A. Payne has been a Director at UTMD since 1997 and serves on both the Compensation and Benefits and Audit Committees, contributing her extensive expertise in scientific research and environmental science. She is recognized as an independent director under Nasdaq Stock Market Rule 5605(a)(2).

    Carrie Leigh

    Board

    Director

    Lean Merchandising and E-commerce Consultant (since 2017)

    Carrie Leigh serves as a Director at UTMD since November 1, 2024 and previously held direct sales roles at the company from 2004 to 2016, culminating in her position as Manager of Global Direct End User Sales. Additionally, she has been working as a lean merchandising and e-commerce consultant since 2017.

    Ernst G. Hoyer

    Board

    Lead Independent Director

    Ernst G. Hoyer has been a member of UTMD’s Board since 1996 and currently serves as both the Chairman of the Audit Committee and the Lead Independent Director, bringing decades of experience in manufacturing operations, financial management, and accounting.

    James H. Beeson

    Board

    Member of the Board of Directors

    Dr. James H. Beeson has been a member of the Board of Directors at UTMD since 2007 and brings extensive expertise as a maternal-fetal medicine physician with a strong background in healthcare delivery and product development. He has not held any executive or officer positions at UTMD, focusing solely on his board role.

    Paul O. Richins

    Board

    Independent Director

    Paul O. Richins has held various key roles at UTMD since 1994, including Chief Administrative Officer (1997-2018) and Treasurer and Assistant Secretary (1994-2018), and has been a board member since 1998. He is recognized as an independent director under Nasdaq rules and contributes his extensive financial and administrative expertise to the company's governance.

    Program DetailsProgram 1
    Approval DateN/A
    End Date/DurationN/A
    Total Additional AmountN/A
    Remaining AuthorizationN/A
    DetailsUTMD has been conducting opportunistic open market share repurchases since 1992, without a publicly announced plan, expiration date, or maximum dollar/share limit.
    CustomerRelationshipSegmentDetails

    PendoTECH

    Largest OEM customer

    OEM

    $2.7 million in 2024 (7% of total) , backlog of $0.151 million for 2025 , no further orders expected

    Largest OUS Distributor (China)

    Distributor (Blood Pressure Monitoring Kits)

    OUS

    $2.4 million in 2024 (≈5.9% of total) , 2025 order volume matches 2024

    No recent press releases or 8-K filings found for UTMD.