John Altmeyer
About John Altmeyer
Independent Class I director of Utz Brands, Inc., age 66, serving since August 2020 with current term expiring at the 2027 annual meeting. He is Chief Executive Officer of GAF Materials LLC (since Jan 2023) and previously was Executive Chair, Commercial at GAF (2021–2023) and President & CEO of Carlisle Construction Materials (1997–2018). He holds a B.S. from Cornell University and an M.B.A. from Harvard Business School .
Past Roles
| Organization | Role | Tenure | Committees/Impact |
|---|---|---|---|
| GAF Materials LLC | CEO; previously Executive Chair, Commercial | CEO: Jan 2023–present; Exec Chair: Jan 2021–Jan 2023 | Operated large roofing/waterproofing business; commercial leadership |
| Carlisle Construction Materials (Carlisle Companies) | President & CEO | 1997–2018 | Led manufacturing and distribution of roofing systems; extensive operations and M&A experience |
| Berkshire Hills Bancorp | Director | 2012–2014 | Board oversight at NYSE-listed bank holding company |
| Tecta America | Director | Mar 2019–Jan 2021 | Roofing contracting/services board experience |
External Roles
| Company | Listing | Role | Committees | Tenure |
|---|---|---|---|---|
| EMCOR Group, Inc. | NYSE: EME | Director | Chair, Compensation (since 2018); Governance committee member; previously Audit (2014–2018) | Director since 2014 |
Board Governance
- Committee assignments: Chair, Nominating & Corporate Governance; Member, Compensation. Not on Audit Committee .
- Independence: Board identifies Altmeyer among independent directors under NYSE rules; all members of Nominating and Compensation committees are independent .
- Attendance and engagement: In 2024 the Board met 7 times; each director attended at least 75% of Board meetings, aggregate attendance >95%; committee meetings had ≥95% attendance. Non-management directors hold frequent executive sessions; Lead Independent Director structure in place .
- Board tenure: Director since August 2020; current Class I term through 2027 .
Fixed Compensation
| Element | FY2024 Amount | Notes |
|---|---|---|
| Annual cash retainer | $87,500 | Non-employee director base retainer |
| Chair fees | $10,000 | Nominating & Corporate Governance Chair |
| Total cash (reported) | $97,500 | Fees earned/paid in cash in FY2024 |
| Equity retainer (RSUs) | $134,730 (grant-date fair value) | Annual RSUs; vest on earlier of one-year anniversary or next annual meeting |
| Total reported compensation | $232,230 | FY2024 director comp table |
- Program structure and changes: FY2024 program increased base retainer to $87,500 (from $75,000 in FY2023) and equity retainer to $130,000; chair retainers were $25,000 (Audit), $15,000 (Comp), $10,000 (Nominating). Cash payable quarterly; employee directors excluded .
Performance Compensation
- None disclosed for directors; equity grants are time-based RSUs with one-year vesting schedule, not PSU or performance-metric linked for directors .
Other Directorships & Interlocks
- Current public board: EMCOR Group, Inc. (Compensation Chair; Governance member). No disclosed compensation committee interlocks or related-party relationships for Compensation Committee members in FY2024, reducing conflict risk .
Expertise & Qualifications
- Deep manufacturing, supply chain, and operations leadership (roofing systems manufacturing at Carlisle; CEO role at GAF). Public company governance experience including compensation oversight and audit committee background (EMCOR) .
Equity Ownership
| Holder | Class A Shares | % of Class A | Notes |
|---|---|---|---|
| John Altmeyer | 57,900 | <1% | As of March 4, 2025 measurement date; no pledges disclosed |
- Ownership alignment: Utz requires non-employee directors to own securities equal to 5x annual Board retainer; annual compliance review each June. All directors were in compliance during FY2024. Hedging/short sales and speculative transactions are prohibited under Insider Trading Policy .
Governance Assessment
- Strengths: Independent director with relevant industry operations and multi-committee governance experience; chairs Nominating & Corporate Governance; member of Compensation; strong attendance culture at the Board and committees; robust stock ownership guidelines and clawback policies; broad prohibitions on hedging/short sales; high prior say-on-pay support (99% approval) indicating investor confidence in pay oversight .
- Potential conflicts/considerations: Historical designation mechanics under Investor Rights Agreement (Continuing Member/Sponsor nominee rights) shape Board composition, but committees are fully independent and Compensation Committee disclosed no related-party issues, mitigating concerns. No related-party transactions involving Altmeyer disclosed .
- Signals: FY2024 director pay mix is balanced (cash + time-based RSUs), modest chair fee; RSU vesting aligned to annual meeting cadence; clear ESG oversight assigned to Nominating & Corporate Governance (chaired by Altmeyer), indicating engagement in sustainability governance .
RED FLAGS: None disclosed specific to Altmeyer (no pledging, no related-party transactions, no attendance shortfall reported) .