Clarus Corp Files Definitive Proxy Statement (DEF 14A)

TL;DR

<b>Clarus Corp has filed its Definitive Proxy Statement (DEF 14A) for the period ending May 30, 2024, detailing executive compensation and equity award information.</b>

AI Summary

Clarus Corp (CLAR) filed a Proxy Statement (DEF 14A) with the SEC on April 29, 2024. Clarus Corp filed a DEF 14A form on April 29, 2024. The filing covers the period ending May 30, 2024. The company's principal executive offices are located in Salt Lake City, UT. Clarus Corp was formerly known as Black Diamond, Inc. and SQL FINANCIALS INTERNATIONAL INC /DE/. The filing includes data related to equity awards and their adjustments for PEO and Non-PEO members for the years 2021, 2022, and 2023.

Why It Matters

For investors and stakeholders tracking Clarus Corp, this filing contains several important signals. This DEF 14A filing is crucial for shareholders as it outlines the compensation packages for the company's top executives and provides details on equity awards, which directly impact shareholder value. Understanding the equity award adjustments and fair values reported for PEO and Non-PEO members across 2021-2023 can provide insights into the company's long-term incentive strategies and potential future dilution.

Risk Assessment

Risk Level: low — Clarus Corp shows low risk based on this filing. The filing is a routine DEF 14A, which is standard for public companies and does not contain new financial performance data or significant strategic changes.

Analyst Insight

Shareholders should review the executive compensation details and equity award information to understand management's incentives and potential impact on stock value.

Key Numbers

• 2024-04-29 — Filing Date (DEF 14A filing date)
• 2024-05-30 — Period of Report (Conformed period of report)
• 2023-12-31 — Fiscal Year End (Company fiscal year end)
• 2021-01-01 — Data Start Year (Equity award data start)
• 2023-12-31 — Data End Year (Equity award data end)

Key Players & Entities

• Clarus Corp (company) — Filer
• Black Diamond, Inc. (company) — Former company name
• SQL FINANCIALS INTERNATIONAL INC /DE/ (company) — Former company name
• 2084 EAST 3900 SOUTH (location) — Business Address
• SALT LAKE CITY (location) — Business Address City
• UT (location) — Business Address State
• 801-278-5552 (phone) — Business Phone

FAQ

Industry Context

Clarus Corp operates in the sporting goods and outdoor equipment manufacturing sector. This DEF 14A filing is a standard disclosure for publicly traded companies in this industry.

Regulatory Implications

As a publicly traded company, Clarus Corp is subject to SEC regulations, including the requirement to file a DEF 14A for shareholder meetings and related matters.

What Investors Should Do

1. Review the detailed executive compensation breakdown for key management personnel.
2. Analyze the equity awards granted, including their fair value and any adjustments, for potential impact on share count and dilution.
3. Note the historical data provided for equity awards from 2021-2023 to identify trends in compensation strategy.

Key Dates

• 2024-04-29: Filing of DEF 14A — Indicates the company is providing information to shareholders regarding corporate governance and executive compensation.
• 2024-05-30: Period of Report End — Defines the reporting period for the information contained within the proxy statement.
• 2023-12-31: Fiscal Year End — Marks the end of the fiscal year for which financial and operational data is relevant.

Year-Over-Year Comparison

This filing is a DEF 14A, which is a routine disclosure and does not represent a change from previous filings of the same type. Specific financial performance data is not typically detailed in this form.

Key Financial Figures

• $0.0001 — the holders of common stock, par value $0.0001 per share, of Clarus Corporation, a Del
• $35.00 — on stock shall have equaled or exceeded $35.00 per share for twenty consecutive tradin
• $50.00 — on stock shall have equaled or exceeded $50.00 per share for twenty consecutive tradin
• $15.00 — on stock shall have equaled or exceeded $15.00 per share for twenty consecutive tradin
• $18.00 — on stock shall have equaled or exceeded $18.00 per share for twenty consecutive tradin

Filing Documents

• clar-20240530xdef14a.htm (DEF 14A) — 1173KB
• clar-20240530xdef14a_a012.jpg (GRAPHIC) — 66KB
• clar-20240530xdef14a_a013.jpg (GRAPHIC) — 52KB
• clar-20240530xdef14a_a014.jpg (GRAPHIC) — 62KB
• clar-20240530xdef14a_bg001.jpg (GRAPHIC) — 137KB
• clar-20240530xdef14a_cg001.jpg (GRAPHIC) — 188KB
• clar-20240530xdef14a_dg001.jpg (GRAPHIC) — 157KB
• 0001558370-24-006112.txt (&nbsp;) — 4236KB
• clar-20240530.xsd (EX-101.SCH) — 5KB
• clar-20240530_def.xml (EX-101.DEF) — 5KB
• clar-20240530_lab.xml (EX-101.LAB) — 11KB
• clar-20240530_pre.xml (EX-101.PRE) — 6KB
• clar-20240530xdef14a_htm.xml (XML) — 590KB

From the Filing

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 Filed by Registrant Filed by a Party other than the Registrant Check the appropriate box: Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material Under Rule 14a-12 CLARUS CORPORATION (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check all boxes that apply): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(1) and 0-11. CLARUS CORPORATION 2084 East 3900 South Salt Lake City, UT 84124 April 29, 2024 To Our Stockholders: On behalf of the Board of Directors of Clarus Corporation, I cordially invite you to participate in the Annual Meeting of Stockholders to be held on May 30, 2024, at 10:00 a.m., Eastern Time. The annual meeting will be a virtual meeting of stockholders, which will be conducted in a virtual-only meeting format via live webcast. Information on how to participate in this year's annual meeting can be found on page 44. Stockholders will NOT be able to attend the Annual Meeting in-person. The accompanying Notice of Meeting and Proxy Statement cover the details of the matters to be presented. The Proxy Statement and form of proxy card, along with our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, are available at www.claruscorp.com. REGARDLESS OF WHETHER YOU PLAN TO PARTICIPATE IN THE ANNUAL MEETING VIRTUALLY, I URGE YOU TO VOTE BY RETURNING YOUR COMPLETED PROXY CARD OR VOTING VIA THE INTERNET AS DESCRIBED IN THIS PROXY STATEMENT AND THE PROXY CARD AS SOON AS POSSIBLE. YOUR VOTE IS IMPORTANT AND WILL BE GREATLY APPRECIATED. RETURNING YOUR COMPLETED PROXY CARD OR VOTING VIA THE INTERNET AS DESCRIBED IN THIS PROXY STATEMENT AND THE PROXY CARD WILL ENSURE THAT YOUR VOTE IS COUNTED IF YOU LATER DECIDE NOT TO PARTICIPATE IN THE ANNUAL MEETING VIRTUALLY. Cordially, CLARUS CORPORATION Warren B. Kanders Executive Chairman CLARUS CORPORATION Notice of Annual Meeting of Stockholders to be Held on May 30, 2024 To Our Stockholders: You are cordially invited to participate in the Annual Meeting of Stockholders, and any adjournments or postponements thereof (the "Meeting"), of Clarus Corporation (the "Company" or "Clarus"), which will be held on May 30, 2024, at 10:00 a.m., Eastern Time, in a virtual-only meeting format via live webcast, for the following purposes: 1. To elect the six nominees named in the accompanying Proxy Statement to serve on the Board of Directors until the next Annual Meeting of Stockholders and until their successors are duly elected and qualified (Proposal 1); 2. To ratify the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the year ending December 31, 2024 (Proposal 2); and 3. To transact such other business as may properly come before the Meeting, including to consider any procedural matters incident to the conduct of the Meeting, such as the postponement of the Meeting in order to solicit additional proxies to vote in favor of the matters presented at the Meeting. Stockholders of record at the close of business on April 19, 2024, are entitled to notice of and to vote at the Meeting. Our Board of Directors determined to convene and conduct the Meeting, in a virtual-only meeting format via live webcast at https://web.lumiconnect.com/222914121 . The virtual format for our Meeting utilizes technology that will provide our stockholders with the same rights and opportunities to participate in the virtual meeting as they would at an in-person meeting. While you will not be able to attend the Meeting in-person at a physical location, as a stockholder of the Company, you will be able to attend the Meeting online, vote your shares electronically and submit questions during the Meeting. Information on how to participate in this year's virtual-only meeting can be found on page 44. Important Notice Regarding the Availability of Proxy Materials for the Stockholders Meeting to Be Held on May 30, 2024 : This Proxy Statement and form of proxy card, along with our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, are available at www.claruscorp.com. YOUR VOTE IS IMPORTANT. PLEASE SIGN AND DATE THE ENCLOSED PROXY CARD AND RETURN IT PROMPTLY IN THE ENCLOSED RETURN ENVELOPE OR VOTE VIA THE INTERNET AS DESCRIBED IN THIS PROXY STATEMENT AND THE PROXY CARD, TO ENSURE THAT YOUR VOTE IS COUNTED. By Order of the Board of Directors Michael J. Yates Secretary April 29, 2024 CLARUS CORPORATION 2084 East 3900 South Salt Lake City, UT 84124 PROXY STATEMENT ANNUAL MEET

View Full Filing

View this DEF 14A filing on SEC EDGAR