Sturm Ruger Files 8-K: Material Agreement & Other Events

TL;DR

Ruger filed an 8-K on Jan 15, 2025, reporting a material definitive agreement and other events.

AI Summary

On January 15, 2025, Sturm, Ruger & Company, Inc. filed an 8-K report. The filing indicates an entry into a material definitive agreement and other events, along with financial statements and exhibits. The company is incorporated in Delaware and headquartered in Southport, Connecticut.

Why It Matters

This 8-K filing signals significant corporate activity for Sturm Ruger, potentially involving new agreements or operational changes that could impact its business and financial performance.

Risk Assessment

Risk Level: low — This filing is a standard corporate disclosure and does not inherently present new risks.

Key Players & Entities

• STURM RUGER & CO INC (company) — Registrant
• January 15, 2025 (date) — Date of earliest event reported
• Delaware (jurisdiction) — State of Incorporation
• Southport, Connecticut (location) — Principal Executive Offices
• 001-10435 (identifier) — Commission File Number

FAQ

Key Financial Figures

• $750,000 — base salary at a rate of not less than $750,000 per annum, (iii) Mr. Seyfert to be elig
• $345,000 — lary, (iv) Mr. Seyfert to receive up to $345,000 in cash from the Company to compensate

Filing Documents

• form8k-33404_rgr.htm (8-K) — 30KB
• ex10-1.htm (EX-10.1) — 97KB
• ex99-1.htm (EX-99.1) — 11KB
• image_003.jpg (GRAPHIC) — 12KB
• image_004.jpg (GRAPHIC) — 4KB
• 0001174947-25-000035.txt ( ) — 357KB
• rgr-20250115.xsd (EX-101.SCH) — 3KB
• rgr-20250115_lab.xml (EX-101.LAB) — 33KB
• rgr-20250115_pre.xml (EX-101.PRE) — 22KB
• form8k-33404_rgr_htm.xml (XML) — 3KB

01

Item 1.01 Entry into a Material Definitive Agreement. Employment Agreement with Todd W. Seyfert On January 15, 2025, Sturm, Ruger & Company, Inc. ("the Company") entered into an Employment Agreement (the "Agreement") with Todd W. Seyfert, who will become the President and Chief Executive Officer of the Company on March 1, 2025. The Agreement provides for: (i) Mr. Seyfert to serve as President and Chief Executive Officer of the Company, (ii) the Company to pay Mr. Seyfert a base salary at a rate of not less than $750,000 per annum, (iii) Mr. Seyfert to be eligible to receive, during the period he serves as Chief Executive Officer of the Company, an annual target cash bonus equal to 100% of his Base Salary (as defined therein), and annual performance equity-based incentive compensation and annual retention equity-based incentive compensation, each equal to 125% of his Base Salary, (iv) Mr. Seyfert to receive up to $345,000 in cash from the Company to compensate Mr. Seyfert for vested or earned incentive compensation with respect to the performance of Mr. Seyfert or his former employer in 2024 that was forfeited by Mr. Seyfert with respect to his prior employment as a result of entering into the Agreement and performing his obligations thereunder, (v) Mr. Seyfert to receive a one-time award of 40,000 RSUs (as defined therein), which shall convert into shares of the Company's Common Stock on a one-to-one basis when vested, a portion of which shall be subject to time-based vesting and a portion of which shall be subject to performance-based vesting, (vi) if Mr. Seyfert is terminated by the Company without Cause (as defined therein) or if Mr. Seyfert terminates his employment with Good Reason (as defined therein), in each case prior to any Change in Control (as defined therein) of the Company, (a) Mr. Seyfert shall be entitled to receive a lump sum cash payment equal to 18 months of Base Salary, (b) the prorated portion of Mr. Seyfert's then-outstanding Retention Re

01 Other Events

Item 8.01 Other Events. On January 17, 2025, the Company issued a press release announcing the appointment of Todd W. Seyfert as the Company's next President and Chief Executive Officer, effective March 1, 2025. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.

Financial Statements and Exhibits

Financial Statements and Exhibits. Exhibit No . Description 10.1 Employment Agreement, dated as of January 15, 2025 by and between Sturm, Ruger, & Company, Inc. and Todd W. Seyfer t 99.1 Press release dated January 17, 2025 announcing the appointment of Todd W. Seyfert as the Company's next President and Chief Executive Officer, effective March 1, 2025

SIGNATURES

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. STURM, RUGER & COMPANY, INC. By: /S/ THOMAS A. DINEEN Name: Thomas A. Dineen Title: Principal Financial Officer, Principal Accounting Officer, Senior Vice President, Treasurer and Chief Financial Officer Dated: January 17, 2025 -3-

View Full Filing

View this 8-K filing on SEC EDGAR