secwatch.observer — SEC 8-K summary
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Issuer:     Clarus Corp (CLAR)
CIK:        0000913277
Form:       8-K
Filed at:   2023-03-16T23:59:59+00:00
Accession:  0001104659-23-033319
Event type: leadership
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Clarus enters 5-year employment agreement with Executive Chairman Warren Kanders; grants 500,000 restricted shares
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- Base salary $600,000/year; minimum cash bonus equal to 100% of base upon achieving target EBITDA.
- Issued 500,000 restricted shares: 250k vest at $15/share, 250k at $18/share for 20 consecutive trading days; forfeited if not vested by 10th anniversary.
- Severance upon change-in-control or termination without cause: 5x (base+bonus) plus office expense reimbursement and full equity acceleration.
- Non-compete for 18 months post-expiration or 3 years post-termination; confidentiality and clawback provisions apply.
- Agreement effective January 1, 2023, for 5-year term; Employee office in Palm Beach, FL.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/913277/000110465923033319/0001104659-23-033319-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/913277/000110465923033319/tm239586d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-033319

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