Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

Effective September 25, 2020, Mr. William David Smith ceased to be Senior Vice President, Operational Excellence and Shared Services and is no longer employed by UFP Technologies, Inc. (the "Company"). The Company thanks Mr. Smith for his many contributions over the years and wishes him well in his future endeavors.

In connection with Mr. Smith's departure, on September 23, 2020, the Company entered into a Separation Agreement and General Release with Mr. Smith (the "Separation Agreement"), pursuant to which Mr. Smith has agreed to a general release of claims and certain other confidentiality and non-disparagement restrictions. Pursuant to the Separation Agreement, Mr. Smith will receive severance benefits based on his years of service with the Company.

The Separation Agreement is filed as Exhibit 10.1 to this Current Report on 8-K and is incorporated herein by reference. The foregoing description of the Separation Agreement is not intended to be complete and is qualified in its entirety by reference to the full text of the Separation Agreement.

Item 9.01. Financial Statements and Exhibits.





(d) Exhibits



Exhibit No. Description



  10.1        Form of Separation Agreement and General Release, dated September 23,
            2020, between William David Smith and UFP Technologies, Inc.

104         Cover Page Interactive Data File (embedded within the Inline XBRL
            document)

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