Clarus board allows Kanders to increase stake to 32.9%; two directors depart

Clarus Corp

Kanders (Executive Chairman) can acquire up to 5,940,700 additional shares, raising beneficial ownership from ~17.9% to 32.9% within 24 months.
Approval conditioned on stake not exceeding 32.9%; if reduced below 9.9%, exemption terminates.
Michael Henning and Donald House did not stand for re-election as directors; no dispute with company.
Stockholders approved Amended and Restated 2015 Stock Incentive Plan: fixed share reserve of 7.5M, removed evergreen and individual award limits.
Directors elected: Kanders, Sokolow, Ottmann, Werner, Besca; Deloitte ratified as auditor.

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