8-KThe WireRed Alert
Executive Change
Filed Dec 22, 2023 · 2y ago · Accession 0001174947-23-001480
Plain English
Material event — a significant development the company must disclose promptly.
Read the source below for the full document.
Filing text
View original ↗UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
December 21, 2023
STURM, RUGER & COMPANY, INC.
(Exact Name of Registrant as Specified in its
Charter)
Delaware
(State or Other Jurisdiction of Incorporation)
001-10435
(Commission File Number)
06-0633559
(IRS Employer Identification Number)
One Lacey Place , Southport , Connecticut
06890
(Address of Principal Executive Offices)
(Zip Code)
(203) 259-7843
Registrant’s telephone number, including
area code
N/A
(Former name or former address, if changed
since last report)
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions
( see General Instruction A.2. below):
¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section
12(b) of the Act:
Title of each class
Trading Symbol(s)
Name of each exchange on which registered
Common Stock
RGR
NYSE
Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the
Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ¨
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided
pursuant to Section 13(a) of the Exchange Act. ¨
1
Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers;
Compensatory Arrangements of Certain Officers.
On December 21, 2023, Sturm, Ruger & Company, Inc.
(the “Company”) entered into a separation agreement (the “Sullivan Agreement”) with Thomas P. Sullivan (“Sullivan”),
Senior Vice President of Strategy and Development, whose employment with the Company will end on December 31, 2023.
The Sullivan Agreement provides for (i) Mr. Sullivan’s
employment with the Company to end on December 31, 2023, (ii) the Company to pay Mr. Sullivan at the rate of $400,000 per annum from January
1, 2024 through June 30, 2025 (the “Separation Period”), (iii) the continued vesting of Mr. Sullivan’s restricted stock
unit awards during the Separation Period, and (iv) a prohibition against Mr. Sullivan engaging in certain activities that compete or interfere
with the Company from January 1, 2024 through June 30, 2025.
The foregoing description of the Sullivan Agreement
is qualified in its entirety by reference to the complete terms and conditions of the Sullivan Agreement, which are attached as Exhibit
99.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits
Exhibit No .
Description
99.1
Separation Agreement, dated as of December 21, 2023 by and between Sturm,
Ruger, & Co., Inc. and Thomas P. Sullivan.
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: December 22, 2023
2
Filing details
- Company
- STURM RUGER & CO INC
- Ticker
- RGR
- CIK
- 95029
- Form type
- 8-K
- Filing date
- Dec 22, 2023
- Report date
- Dec 21, 2023
- Document
- form8k-31282_rgr.htm
- Size
- 283 KB