Clarus Corp Files 8-K: Material Agreement & Officer Changes
Ticker: CLAR · Form: 8-K · Filed: Dec 9, 2024 · CIK: 913277
| Field | Detail |
|---|---|
| Company | Clarus Corp (CLAR) |
| Form Type | 8-K |
| Filed Date | Dec 9, 2024 |
| Risk Level | medium |
| Pages | 4 |
| Reading Time | 4 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: material-agreement, management-change, corporate-action
TL;DR
Clarus Corp signed a big deal and swapped some execs. Details in the 8-K.
AI Summary
Clarus Corporation entered into a material definitive agreement on December 5, 2024. The company also announced the departure of certain officers and the election of new directors. Specific details regarding the agreement and personnel changes were filed with the SEC.
Why It Matters
This filing indicates significant corporate actions, including a new material agreement and changes in leadership, which could impact the company's strategic direction and financial performance.
Risk Assessment
Risk Level: medium — Material definitive agreements and changes in officers/directors can introduce uncertainty and potential shifts in business strategy.
Key Numbers
- 20241205 — Report Date (Earliest event reported date)
- 20241209 — Filing Date (Date the report was filed with the SEC)
Key Players & Entities
- Clarus Corporation (company) — Registrant
- December 5, 2024 (date) — Date of earliest event reported
- Delaware (jurisdiction) — State of incorporation
- 001-34767 (commission_file_number) — SEC File Number
- 58-1972600 (irs_number) — IRS Employer Identification Number
FAQ
What is the nature of the material definitive agreement entered into by Clarus Corporation?
The filing indicates the entry into a material definitive agreement, but the specific details of the agreement are not provided in the provided text snippet.
Who are the specific officers departing Clarus Corporation?
The filing mentions the departure of certain officers, but their names are not specified in the provided text.
Who are the newly elected directors or appointed officers?
The filing states the election of directors and appointment of officers, but their identities are not detailed in the provided text.
What is the primary purpose of this 8-K filing?
This 8-K filing is to report the entry into a material definitive agreement and changes in directors or certain officers.
When was Clarus Corporation incorporated?
Clarus Corporation was incorporated in Delaware.
Filing Stats: 1,120 words · 4 min read · ~4 pages · Grade level 12.1 · Accepted 2024-12-09 08:16:04
Filing Documents
- tm2430307d1_8k.htm (8-K) — 33KB
- tm2430307d1_ex10-1.htm (EX-10.1) — 110KB
- 0001104659-24-126540.txt ( ) — 338KB
- clar-20241205.xsd (EX-101.SCH) — 3KB
- clar-20241205_lab.xml (EX-101.LAB) — 33KB
- clar-20241205_pre.xml (EX-101.PRE) — 22KB
- tm2430307d1_8k_htm.xml (XML) — 3KB
01 Entry into a Material Definitive Agreement
Item 1.01 Entry into a Material Definitive Agreement On December 5, 2024, Clarus Corporation (the "Company") entered into individual amended and restated indemnity agreements (the "Indemnity Agreements") with (i) each member of its Board of Directors (the "Board"); (ii) Michael J. Yates, the Company's Chief Financial Officer, Secretary and Treasurer; (iii) Neil Fiske, President of Black Diamond Equipment, Ltd.; (iv) Mathew Hayward, Global President of the Company's Adventure segment; and (v) Zachary D. Michelson, the Company's Chief Strategy and Administrative Officer (collectively, the "Indemnitees"). These Indemnity Agreements amend and restate the indemnification agreements the Company previously entered into with certain of its directors and executive officers as well as supplement the indemnification rights provided under the Company's Amended and Restated Certificate of Incorporation, Second Amended and Restated Bylaws, and applicable provisions of the Delaware General Corporation Law. The Indemnity Agreements provide that, subject to certain exceptions, the Company will indemnify the Indemnitees to the fullest extent permitted by Delaware law against expenses, judgments, fines, penalties, and amounts paid in settlement actually and reasonably incurred by them in connection with their services as directors or officers of the Company, or at the Company's request, other entities. The Indemnity Agreements also include provisions for the advancement of expenses, subject to reimbursement if it is determined that indemnification is not legally permissible. The foregoing description of the Indemnity Agreements is not complete and is qualified in its entirety by reference to the full text of the Indemnity Agreements, a form of which is attached hereto as Exhibit 10.1 and incorporated herein by reference. Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. (
01. Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits (d) Exhibits. Exhibit Description 10.1 Form of Amended and Restated Indemnity Agreement 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: December 9, 2024 CLARUS CORPORATION By: /s/ Michael J. Yates Name: Michael J. Yates Title: Chief Financial Officer