---
schema_version: "secwatch.filing_event.v1"
accession: "0001174947-23-001480"
form_type: "8-K"
ticker: "RGR"
cik: "0000095029"
company_name: "STURM RUGER & CO INC"
filed_at: "2023-12-22T23:59:59+00:00"
generated_at: "2026-06-07T08:39:23.425771+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Sturm, Ruger SVP Thomas Sullivan departs Dec 31; $600k severance over 18 months

## Summary
- Thomas P. Sullivan, Senior Vice President of Strategy & Development, leaves Dec 31, 2023.
- Severance: $400,000/year from Jan 1, 2024 to June 30, 2025 ($600,000 total).
- RSU awards continue to vest during the 18-month severance period.
- Non-compete and non-solicitation restrictions apply through June 30, 2025 in the U.S. firearms industry.
- Company to maintain medical, dental, vision coverage through severance period.

## SEC filing metadata
- accession: 0001174947-23-001480
- form_type: 8-K
- ticker: RGR
- cik: 0000095029
- company_name: STURM RUGER & CO INC
- filed_at: 2023-12-22T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 5.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/95029/000117494723001480/0001174947-23-001480-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/95029/000117494723001480/form8k-31282_rgr.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001174947-23-001480
- JSON: https://secwatch.observer/filing/0001174947-23-001480.json
- Plain text: https://secwatch.observer/filing/0001174947-23-001480.txt

## Key facts
- Executive change
  Thomas P. Sullivan departed as Senior Vice President of Strategy and Development at STURM RUGER & CO INC.
  - Action: departed
  - Role: Senior Vice President of Strategy and Development
  source text: On December 21, 2023, Sturm, Ruger & Company, Inc. (the “Company”) entered into a separation agreement (the “Sullivan Agreement”) with Thomas P. Sullivan (“Sullivan”), Senior Vice President of Strategy and Development, whose employment with the Company will end on December 31, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/95029/000117494723001480/0001174947-23-001480-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.