Clarus Corp Files 8-K

TL;DR

Clarus Corp filed an 8-K on 3/8/24, but it's light on details.

AI Summary

Clarus Corporation filed an 8-K on March 8, 2024, reporting other events and financial statements. The company, formerly known as Black Diamond, Inc., is incorporated in Delaware and headquartered in Salt Lake City, Utah. This filing does not contain specific financial figures or details about the 'other events'.

Why It Matters

This 8-K filing indicates that Clarus Corporation has made a regulatory submission, but it lacks specific details about the events or financial information being reported.

Risk Assessment

Risk Level: low — The filing is a standard 8-K without immediate financial implications or significant new information.

Key Players & Entities

• Clarus Corporation (company) — Registrant
• Black Diamond, Inc. (company) — Former company name
• March 8, 2024 (date) — Date of earliest event reported
• Salt Lake City, Utah (location) — Principal executive offices

FAQ

Filing Documents

• tm248174d1_8k.htm (8-K) — 28KB
• tm248174d1_ex99-1.htm (EX-99.1) — 10KB
• tm248174d1_ex99-2.htm (EX-99.2) — 9KB
• 0001104659-24-032099.txt ( ) — 220KB
• clar-20240308.xsd (EX-101.SCH) — 3KB
• clar-20240308_lab.xml (EX-101.LAB) — 33KB
• clar-20240308_pre.xml (EX-101.PRE) — 22KB
• tm248174d1_8k_htm.xml (XML) — 3KB

01 Other Events

Item 8.01 Other Events. On March 8, 2024, the Company delivered letters (each, a "Letter" and collectively, the "Letters") to each of Greenhouse Funds LLLP and its affiliates (collectively, "Greenhouse") and Mr. Warren B. Kanders and its affiliates (collectively, "Kanders") approving their respective requests to be permitted under the Company's Rights Agreement dated as of February 12, 2008 to increase their beneficial ownership to up to 15.0% of the Company's outstanding shares of common stock with respect to Greenhouse and up to 26.7% of the Company's outstanding shares of common stock with respect to Kanders. Such approval set forth in each respective Letter is conditioned upon, and subject to, among other things: (i) Greenhouse not increasing its beneficial ownership to in excess of 15.0% of the Company's outstanding shares of common stock and Kanders not increasing its beneficial ownership to in excess of 26.7% of the Company's outstanding shares of common stock; and (ii) each of Greenhouse and Kanders increasing its respective beneficial ownership to up to the applicable permitted percentage of the Company's outstanding shares of common stock set forth in the respective Letters, if at all, on or before the twelve month anniversary of the date of each Letter. Furthermore, in the event that Greenhouse or Kanders reduces its respective beneficial ownership to below 9.9% of the Company's outstanding shares of common stock, the applicable respective Letters with such party shall immediately terminate and Greenhouse or Kanders, as applicable, would need to obtain a new approval from the Company's Board of Directors before seeking to again increase its respective beneficial ownership to in excess of 9.9% of the Company's outstanding shares of common stock. Mr. Kanders is the Company's Executive Chairman of the Board of Directors and a member of the Company's Board of Directors. Copies of the Letters are attached to this Current Report on Form 8-K as Exhibits 99

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits (d) Exhibits. Exhibit Description 99.1 Letter to Greenhouse Funds LLLP dated March 8, 2024. 99.2 Letter to Warren B. Kanders dated March 8, 2024. 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated: March 8, 2024 CLARUS CORPORATION By: /s/ Michael J. Yates Name: Michael J. Yates Title: Chief Financial Officer

View Full Filing

View this 8-K filing on SEC EDGAR