AOUT subsidiary amends Smith & Wesson trademark license; new 5-year term, 5% royalty, $150k/quarter minimum

American Outdoor Brands, Inc.

Amended and restated trademark license with Smith & Wesson Inc., effective April 11, 2024.
License covers accessories, tools, cutlery under S&W marks; exclusive for most categories.
Royalty: 5% of net sales; minimum $150,000 per quarter.
Initial term 5 years from May 1, 2024; auto month-to-month with 12-month termination notice.
S&W may terminate after 3 years and buy licensed-product line at 2x trailing 12-month net revenue.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

American Outdoor Brands, Inc. amended Amended and Restatement Trademark License Agreement with Smith & Wesson Inc. valued at 5% royalty on net sales, minimum $150,000 per quarter, five-year initial term from May 1, 2024 (effective 2024-04-11).

Action: amendment
Agreement: license
Counterparty: Smith & Wesson Inc.
Value: 5% royalty on net sales, minimum $150,000 per quarter, five-year initial term from May 1, 2024
Effective: 2024-04-11

Exact text from the filing

On April 11, 2024, AOB Products Company, a wholly owned subsidiary of American Outdoor Brands, Inc. ("we" or "us") entered into an Amended and Restatement Trademark License Agreement (the "Trademark License Agreement"), with Smith & Wesson Inc. ("SW"), pursuant to which the parties agreed to amend and restate the Trademark License Agreement, dated August 24, 2020 (the "Original Agreement").

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Source: SEC EDGAR

accession 0000950170-24-044829

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