American Outdoor Brands settles with Engine Capital, adds Brad Favreau to board

American Outdoor Brands, Inc.

Engine Capital withdraws director nominations; standstill and voting commitments apply.
Board expands from six to seven; Brad Favreau appointed as Class III director until 2023 Annual Meeting.
Engine Capital agrees not to exceed 9.9% ownership and to vote with Board recommendations.
Company reimburses Engine's reasonable fees; agreement terminates by August 7, 2023.
Mr. Favreau is a Partner at Engine Capital and also serves on MYR Group's board.

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