8-K
filed September 26, 2023, 7:59 PM ET
ticker SPWH
CIK 0001132105
leadership
confidence high
sentiment neutral
materiality 0.75
Sportsman's Warehouse appoints Paul Stone as CEO; Chair Schneider to retire
SPORTSMAN'S WAREHOUSE HOLDINGS, INC.
- Paul Stone becomes CEO and President effective Nov 1, 2023; previously COO of Hertz and Chief Retail Officer of Cabela's.
- Joseph Schneider, Interim CEO, will resign as CEO but remain Chair until Dec 31, 2023, then retire from Board.
- Rich McBee to succeed Schneider as Independent Chair effective Jan 1, 2024.
- Stone's compensation: $1.1M base salary, target bonus 150%, signing bonus $350k, RSUs worth $1.7M and $400k, plus annual equity.
- Board adopted Inducement Plan reserving 1M shares for new-hire equity grants.
Key facts
Extracted from this filing and checked against the source text.
Executive change
SEC 8-K Item 5.02
confidence 0.95
Joseph P. Schneider resigned as Chair of the Board at SPORTSMAN'S WAREHOUSE HOLDINGS, INC..
- Action
- resigned
- Role
- Chair of the Board
Exact text from the filing
Mr. Schneider informed the Board that he intends to resign as a director and as Chair of the Board, effective December 31, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Joseph P. Schneider resigned as Interim Chief Executive Officer and President at SPORTSMAN'S WAREHOUSE HOLDINGS, INC..
- Action
- resigned
- Role
- Interim Chief Executive Officer and President
Exact text from the filing
Joseph P. Schneider, who has been serving as the Company’s Interim Chief Executive Officer and President, will resign on the Effective Date from his role as Interim Chief Executive Officer and President.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Joseph P. Schneider resigned as Director at SPORTSMAN'S WAREHOUSE HOLDINGS, INC..
- Action
- resigned
- Role
- Director
Exact text from the filing
Mr. Schneider informed the Board that he intends to resign as a director and as Chair of the Board, effective December 31, 2023.
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Paul Stone was appointed as Class III director at SPORTSMAN'S WAREHOUSE HOLDINGS, INC..
- Action
- appointed
- Role
- Class III director
Exact text from the filing
The Board also appointed, effective as of the Effective Date, Mr. Stone to the Board as a Class III director
View on SEC.gov
Executive change
SEC 8-K Item 5.02
confidence 0.95
Rich McBee was appointed as Chair of the Board at SPORTSMAN'S WAREHOUSE HOLDINGS, INC..
- Action
- appointed
- Role
- Chair of the Board
Exact text from the filing
the Board selected Rich McBee to succeed Mr. Schneider as Chair of the Board, effective January 1, 2024.
View on SEC.gov
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