secwatch.observer — SEC 8-K summary
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Issuer:     STURM RUGER & CO INC (RGR)
CIK:        0000095029
Form:       8-K
Filed at:   2024-11-27T23:59:59+00:00
Accession:  0001104659-24-123672
Event type: other_material
Sentiment:  neutral
Materiality: 0.50
Item codes: 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Sturm, Ruger enters new severance agreements with three named executive officers
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- New severance agreements with Thomas A. Dineen, Kevin B. Reid, Sr., and Shawn C. Leska replace prior 2008 agreements.
- Pre-change-in-control termination without cause or for good reason: 18 months base salary lump sum, prorated RSU vesting, medical up to 18 months.
- Post-change-in-control termination within 24 months: 24 months Annual Compensation lump sum, full RSU vesting, medical up to 24 months.
- Agreements have one-year initial term, auto-renew annually unless 360 days' notice to terminate.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/95029/000110465924123672/0001104659-24-123672-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/95029/000110465924123672/tm2429341d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-123672

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer