8-KThe WireRed Alert
Executive Change · Material Agreement
Filed Nov 12, 2020 · 5y ago · Accession 0001104659-20-124043
Plain English
Material event — a significant development the company must disclose promptly.
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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)
November 10, 2020
STURM, RUGER & COMPANY, INC.
(Exact Name of Registrant as Specified
in its Charter)
delaware
001-10435
06-0633559
(State or Other Jurisdiction of
(Commission File Number)
(IRS Employer Identification
Incorporation)
Number)
ONE LACEY PLACE , SOUTHPORT , connecticut 06890
(Address of Principal Executive Offices) (Zip Code)
Registrant’s telephone number, including
area code ( 203 ) 259-7843
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. ¨
Item 1.01 Entry into a Material
Definitive Agreement
Agreement with Christopher J. Killoy
On November 10, 2020, Sturm, Ruger &
Company, Inc. (the “Company”) entered into an Amended and Restated Agreement (the “Killoy Agreement”) with
Christopher J. Killoy (“Killoy”), the Chief Executive Officer of the Company.
The Killoy Agreement provides for (i) Killoy
to continue to serve as Chief Executive Officer of the Company until the 2025 Annual Meeting of the Company’s stockholders,
and to resign from such position on such date, (ii) Killoy to provide certain consulting, advisory and other services to the Company
following such resignation until December 31, 2026, (iii) the Company to compensate Killoy for such services at the rate of $500,000
per annum, (iv) the continued vesting of Killoy’s restricted stock unit awards as if Killoy remained employed as the CEO
of the Company and (v) a prohibition against Killoy engaging in certain activities that compete or interfere with the Company during
the period he is providing services under the Killoy Agreement.
The foregoing description of the Killoy
Agreement is qualified in its entirety by reference to the complete terms and conditions of the Killoy Agreement, which is attached
as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
Item 5.02 Compensatory Arrangements of Certain Officers
Reference is made to the Killoy Agreement
described under Item 1.01.
Item 9.01 Financial Statements and Exhibits
Exhibit No . Description
10.1 Amended and Restated Agreement, dated as of November 10, 2020 by and between Sturm, Ruger, & Co., Inc. and Christopher
J. Killoy.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)
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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: November 12, 2020
3
Filing details
- Company
- STURM RUGER & CO INC
- Ticker
- RGR
- CIK
- 95029
- Form type
- 8-K
- Filing date
- Nov 12, 2020
- Report date
- Nov 10, 2020
- Document
- tm2035661d1_8k.htm
- Size
- 335 KB