CHRISTOPHER G. HUTTER - Corporate Board Profile

ASCENT INDUSTRIES CO.

Filing Date	Source Excerpt
2021-04-01	Christopher G. Hutter, age 41 Mr. Hutter became interim President & Chief Executive Officer (CEO) of Synalloy on November 9, 2020. He also currently serves as Co-Founder and Manager of UPG Enterprises, LLC (f/k/a Union Partners, LLC), an operator of a diverse set of industrial companies focused on metals, manufacturing, distribution and logistics, since its founding in August 2014. At UPG Enterprises, Mr. Hutter oversees operations and growth initiatives at the holding company and portfolio company level, and has extensive experience in large scale acquisitions, transaction structuring and business operations and integration across a broad spectrum of industries. Mr. Hutter graduated cum laude from University of Illinois with a Bachelor of Science degree in Finance and earned his M.B.A.in Finance from Lewis University. The Board of Directors has established an Audit Committee, a Compensation & Long-Term Incentive Committee, and a Corporate Governance Committee, each of which is comprised entirely of directors who meet the applicable independence requirements of the NASDAQ Rules. The table below provides current membership information as well as the meeting information for the last fiscal year. Audit Committee Christopher G. Hutter served on the Audit Committee during 2020. Corporate Governance Committee Susan S. Gayner, Christopher G. Hutter, Jeffrey Kaczka and Amy J. Michtich served on the Corporate Governance Committee during 2020. Mr. Hutter’s service on this Committee ended upon his appointment as Interim CEO on November 9, 2020. For the 2020-2021 term year, non-employee directors were paid a total annual retainer of $102,000 in the form of cash and restricted stock. Mr. Hutter’s Board compensation was for his Board service for the period prior to November 9, 2020, when he was appointed Interim CEO. The following table sets forth information about compensation paid by the Company to non-employee directors during calendar year 2020. Christopher G. Hutter was paid $41,318 in cash and $41,318 in stock awards for a total of $82,636 for his director service prior to becoming Interim CEO.
2023-05-01	Mr. Hutter became interim President & Chief Executive Officer (CEO) of Ascent on November 9, 2020 (the interim designation was removed on March 18, 2022). He also currently serves as Co-Founder and Manager of UPG Enterprises, LLC (f/k/a Union Partners, LLC), an operator of a diverse set of industrial companies focused on metals, manufacturing, distribution and logistics, since its founding in August 2014. At UPG Enterprises, Mr. Hutter oversees operations and growth initiatives at the holding company and portfolio company level, and has extensive experience in large scale acquisitions, transaction structuring and business operations and integration across a broad spectrum of industries. Mr. Hutter graduated cum laude from University of Illinois with a Bachelor of Science degree in Finance and earned his M.B.A.in Finance from Lewis University. For the 2022-2023 term year, non-employee directors were paid a total annual retainer of $102,000 in the form of cash and restricted stock. Directors must elect a minimum of $30,000 of the retainer fee to be paid in restricted stock and may elect up to 100% of the retainer to be paid in restricted stock. The following table sets forth information about compensation paid by the Company to non-employee directors during calendar year 2022. Christopher G. Hutter: Fees Paid in Cash $0, Stock Awards $1,186,850, Total $1,186,850. The 2022 Summary Compensation Table shows Christopher G. Hutter's total compensation as President & Chief Executive Officer in 2022 was $1,560,568.
2024-04-30	Mr. Hutter currently serves as Co-Founder and Manager of UPG Enterprises, LLC... graduated cum laude from University of Illinois with a Bachelor of Science degree in Finance and earned his MBA in Finance from Lewis University.