<SEC-DOCUMENT>0001140361-24-017268.txt : 20240402
<SEC-HEADER>0001140361-24-017268.hdr.sgml : 20240402
<ACCEPTANCE-DATETIME>20240402161012
ACCESSION NUMBER:		0001140361-24-017268
CONFORMED SUBMISSION TYPE:	DEFA14A
PUBLIC DOCUMENT COUNT:		1
FILED AS OF DATE:		20240402
DATE AS OF CHANGE:		20240402

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			UFP INDUSTRIES INC
		CENTRAL INDEX KEY:			0000912767
		STANDARD INDUSTRIAL CLASSIFICATION:	SAWMILLS, PLANNING MILLS, GENERAL [2421]
		ORGANIZATION NAME:           	04 Manufacturing
		IRS NUMBER:				381465835
		STATE OF INCORPORATION:			MI
		FISCAL YEAR END:			1230

	FILING VALUES:
		FORM TYPE:		DEFA14A
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-22684
		FILM NUMBER:		24814276

	BUSINESS ADDRESS:	
		STREET 1:		2801 EAST BELTLINE NE
		CITY:			GRAND RAPIDS
		STATE:			MI
		ZIP:			49525
		BUSINESS PHONE:		6163646161

	MAIL ADDRESS:	
		STREET 1:		2801 EAST BELTLINE NE
		CITY:			GRAND RAPIDS
		STATE:			MI
		ZIP:			49505

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	UNIVERSAL FOREST PRODUCTS INC
		DATE OF NAME CHANGE:	19930929
</SEC-HEADER>
<DOCUMENT>
<TYPE>DEFA14A
<SEQUENCE>1
<FILENAME>ef20025803_defa14a.htm
<DESCRIPTION>DEFA14A
<TEXT>
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        <div style="text-align: center; color: rgb(0, 0, 0); font-size: 14pt; font-weight: bold;">UNITED STATES</div>
        <div style="text-align: center; color: rgb(0, 0, 0); font-size: 14pt; font-weight: bold;">SECURITIES AND EXCHANGE COMMISSION</div>
        <div style="text-align: center; color: rgb(0, 0, 0); font-size: 12pt; font-weight: bold;">WASHINGTON, D.C. 20549</div>
        <div style="text-align: center; color: #000000; font-weight: bold;"> <br>
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        <div style="text-align: center; color: #000000; font-weight: bold;"> <br>
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        <div style="text-align: center; color: rgb(0, 0, 0); font-size: 18pt; font-weight: bold;">SCHEDULE 14A</div>
        <div><br>
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        <div style="text-align: center; color: #000000; font-weight: bold;">(RULE 14a-101)</div>
        <div style="text-align: center; color: #000000; font-weight: bold;">SCHEDULE 14A INFORMATION</div>
        <div style="text-align: center; color: #000000; font-weight: bold;">&#8195;</div>
        <div style="text-align: center; color: #000000; font-weight: bold;">Proxy Statement Pursuant to Section&#160;14(a) of the</div>
        <div style="text-align: center; color: #000000; font-weight: bold;">Securities Exchange Act of 1934</div>
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        <div style="color: #000000;">Filed by the Registrant <font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9746;</font></div>
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        </div>
        <div style="color: #000000;">Filed by a Party other than the Registrant&#160;&#8201;<font style="font-family: 'Segoe UI Symbol', sans-serif;">&#9744;</font></div>
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        <div style="color: #000000;">Check the appropriate box:</div>
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              <td style="width: 18pt; vertical-align: top;"><font style="color: #000000;">&#8201;</font><font style="font-family: 'Segoe UI Symbol', sans-serif; color: #000000;">&#9744;</font></td>
              <td style="width: auto; vertical-align: top;">
                <div style="color: #000000;">Preliminary Proxy Statement</div>
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              <td style="width: 18pt; vertical-align: top;"><font style="color: #000000;">&#8201;</font><font style="font-family: 'Segoe UI Symbol', sans-serif; color: #000000;">&#9744;</font></td>
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                <div style="color: #000000;">Confidential, for Use of the Commission Only (as permitted by Rule&#160;14a-6(e)(2))</div>
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              <td style="width: 18pt; vertical-align: top;"><font style="color: #000000;">&#8201;</font><font style="font-family: 'Segoe UI Symbol', sans-serif; color: #000000;">&#9744;</font></td>
              <td style="width: auto; vertical-align: top;">
                <div style="color: #000000;">Definitive Proxy Statement</div>
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                <div style="color: #000000;">Definitive Additional Materials</div>
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                <div style="color: #000000;">Soliciting Material Pursuant to&#160;&#167;240.14a-12</div>
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        <div style="text-align: center; color: rgb(0, 0, 0); font-size: 24pt; font-weight: bold;">UFP INDUSTRIES, INC.</div>
        <div style="text-align: center; color: #000000;">(Name of Registrant as Specified in its Charter)</div>
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        <div><br>
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        <div style="color: #000000;">Payment of Filing Fee (Check the appropriate box):</div>
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              <td style="width: 18pt; vertical-align: top;"><font style="color: #000000;">&#8201;</font>&#9746;</td>
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                <div style="color: #000000;">No fee required.</div>
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                <div style="color: #000000;">Fee paid previously with preliminary materials.</div>
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              <td style="width: auto; vertical-align: top;">
                <div style="color: #000000;">Fee computed on table in exhibit required by Item&#160;25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11.</div>
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        <div style="text-align: center; font-weight: bold;">UFP INDUSTRIES, INC.</div>
        <div><br>
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        <div style="text-align: center; font-weight: bold;">Annual Meeting of Shareholders to be held on April 24, 2024</div>
        <div><br>
        </div>
        <div style="text-align: center; font-weight: bold;">Supplemental Information dated April 2, 2024</div>
        <div style="text-align: center; font-weight: bold;">Regarding the Proposal to Increase Authorized Capital Stock</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 36pt;">On March 14, 2024, UFP Industries,&#160;Inc. (the &#8220;<u>Company</u>&#8221;) filed a proxy statement (the &#8220;<u>Proxy Statement</u>&#8221;) for its 2024 Annual Meeting of Shareholders (the &#8220;<u>Annual Meeting</u>&#8221;), to
          be held on Wednesday, April 24, 2024, at 8:30 a.m., local time, at the Company&#8217;s offices, 3310 Eagle Park Drive, N.E., Grand Rapids, Michigan 49525.</div>
        <div><br>
        </div>
        <div style="text-align: justify;"><u>Proposal to Increase Authorized Common Stock</u></div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 36pt;">The Proxy Statement includes a proposal to amend the Company's Articles of Incorporation to increase the number of shares of common stock the Company is authorized to issue from 160,000,000
          shares to 260,000,000 shares.</div>
        <div style="text-align: justify;"><br>
        </div>
        <div style="text-align: justify; text-indent: 36pt;">On March 27, 2024,&#160;Institutional Shareholder Services Inc. (&#8220;<u>ISS</u>&#8221;) published a proxy analysis and vote recommendation for the Company's Annual Meeting. The proposal to increase the
          Company's authorized common stock received an unfavorable recommendation from ISS because ISS believes the proposed increase in the number of authorized shares of common stock is excessive and there is no specific and severe risk of non-approval.
          After consideration of the recommendation by ISS, the Board of Directors of the Company unanimously agreed to reduce the increase from 100,000,000 shares to 80,000,000 shares of common stock and approved, subject to shareholder approval, an
          amendment to the first paragraph of Article III of the Company's Articles of Incorporation (&#8220;<u>Articles</u>&#8221;) to read as follows:</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 36pt; margin-right: 36pt; margin-left: 36pt;">The total number of shares of all classes of stock which the Corporation shall have authority to issue is two hundred forty-one million (241,000,000)
          shares, of which two hundred forty million (240,000,000) shares shall be of a single class of common stock and one million (1,000,000) shares shall be series preferred stock.</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 36pt;">This amendment would increase the Company's authorized common stock from 160,000,000 shares to 240,000,000 shares of common stock. There would be no change in the number of authorized preferred
          shares. The purpose of the amendment is to give the Board the ability to effect a 3-for-1 stock split of the Company's outstanding shares of common stock. As of the record date for the Annual Meeting, there were 61,529,910 shares of the Company's
          common stock issued and outstanding.</div>
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        <div style="text-align: justify;"><u>General</u></div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 36pt;">Any vote &#8220;FOR&#8221; or &#8220;AGAINST&#8221; a proposal as described in the Proxy Statement using the proxy materials previously furnished by the Company (or a beneficial owner's broker, bank, or other nominee)
          will continue to be counted as a vote &#8220;FOR&#8221; or &#8220;AGAINST&#8221; the proposal. If any shareholder has already returned his or her properly executed proxy card or voted via the internet or by telephone and would like to change his or her vote on any
          matter, such shareholder may revoke his or her proxy before it is voted at the Annual Meeting by submitting a later dated proxy card, by casting a subsequent vote via the Internet, or as otherwise described in the Proxy Statement. If your stock
          is held in street name, you must follow the instructions of the broker, bank, or nominee as to how to change your vote. If you would like to obtain proxy materials or have any questions, you should contact the Company at (800) 598-9663 or <u>dtutas@ufpi.com</u>.</div>
        <div><br>
        </div>
        <div style="text-align: justify; text-indent: 36pt;">This Supplement to the Proxy Statement is being released on or about April 2, 2024, and should be read in conjunction with the Proxy Statement. The information contained in this Supplement to the
          Proxy Statement modifies or supersedes any inconsistent information contained in the Proxy Statement. The information provided above may be deemed &#8220;additional soliciting materials&#8221; within the meaning of the Securities Exchange Act of 1934, as
          amended.</div>
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