UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
Current Report Pursuant to
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| Item 1.02 | Termination of a Material Definitive Agreement. |
On April 28, 2022, UFP Technologies, Inc. (the “Company”) exercised its purchase option under that certain Lease Agreement dated February 1, 2018 (the “Lease”) between the Company and Eric C. Stahl, Trustee of Dielectrics Realty Trust dated June 12, 1961 (the “Landlord”) for real property located at 300 Burnett Road, Chicopee, Massachusetts, resulting in the termination of the Lease. The Company entered into the Lease in connection with the acquisition of Dielectrics, Inc. on January 30, 2018. The Company paid $4.0 million to the Landlord to exercise the purchase option under the Lease, and incurred no early termination penalties.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated: May 4, 2022 | UFP TECHNOLOGIES, INC. |
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| By: /s/ Ronald J. Lataille | |
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Ronald J. Lataille, Chief Financial Officer and Senior Vice President |