Name
|
| |
Common Stock
Beneficially Owned(1) |
| |
Percentage (%) of
Common Stock(2) |
| ||||||
Five Percent Holders: | | | | | | | | | | | | | |
Greenhouse Funds LLLP
|
| | | | 4,618,494(3) | | | | | | 12.4 | | |
Brown Advisory Incorporated
|
| | | | 4,429,510(4) | | | | | | 11.9 | | |
FMR LLC
|
| | | | 2,511,947(5) | | | | | | 6.8 | | |
Cropley Nominees Pty Ltd
|
| | | | 2,315,121(6) | | | | | | 6.2 | | |
Directors and Named Executive Officers: | | | | | | | | | | | | | |
Warren B. Kanders
|
| | | | 6,353,234(7) | | | | | | 16.7 | | |
Nicholas Sokolow
|
| | | | 755,485(8) | | | | | | 2.0 | | |
Donald L. House
|
| | | | 416,489(9) | | | | | | 1.1 | | |
Michael A. Henning
|
| | | | 205,000(10) | | | | | | * | | |
Susan Ottmann
|
| | | | 30,000(11) | | | | | | * | | |
James E. Walker III
|
| | | | 15,000(12) | | | | | | * | | |
Aaron J. Kuehne
|
| | | | 1,057,748(13) | | | | | | 2.8 | | |
Michael J. Yates
|
| | | | 10,000(14) | | | | | | * | | |
All current directors, nominees and named executive officers as a group (8 persons)
|
| | | | 8,842,956(15) | | | | | | 22.4 | | |
Name
|
| |
Fees
Earned or Paid in Cash ($) |
| |
Stock
Awards ($) |
| |
Option
Awards ($)(1) |
| |
Non-Equity
Incentive Plan Compensation ($) |
| |
Change in
Pension Value and Non-qualified Deferred Compensation Earnings ($) |
| |
All Other
Compensation ($) |
| |
Total
($) |
| |||||||||||||||||||||
Michael A. Henning
|
| | | | 50,000 | | | | | | — | | | | | | 139,310(2) | | | | | | — | | | | | | — | | | | | | — | | | | | | 189,310 | | |
Donald L. House
|
| | | | 45,000 | | | | | | — | | | | | | 139,310(3) | | | | | | — | | | | | | — | | | | | | — | | | | | | 184,310 | | |
Susan Ottmann
|
| | | | 35,000 | | | | | | — | | | | | | 139,310(4) | | | | | | — | | | | | | — | | | | | | — | | | | | | 194,310 | | |
Nicholas Sokolow
|
| | | | 55,000 | | | | | | — | | | | | | 139,310(5) | | | | | | — | | | | | | — | | | | | | — | | | | | | 174,310 | | |
James E Walker III
|
| | | | 32,085 | | | | | | — | | | | | | 119,226(6) | | | | | | — | | | | | | — | | | | | | — | | | | | | 151,311 | | |
|
As of April 14, 2023 Total Number of Directors:
|
| |
6
|
| |||||||||||||||||||||
| Part I: Gender Identity | | |
Female
|
| |
Male
|
| |
Non-Binary
|
| |
Did Not
Disclose
Gender
|
| ||||||||||||
|
Directors
|
| | | | 1 | | | | | | 4 | | | | | | — | | | | | | 1 | | |
| Part II: Demographic Background | | | | | | | | | | | | | | | | | | | | | | | | | |
|
African American or Black
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
Alaskan Native or American Indian
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
Asian
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
Hispanic or Latinx
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
Native Hawaiian or Pacific Islander
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
White
|
| | | | 5 | | | | | | — | | | | | | — | | | | | | — | | |
|
Two or More Races or Ethnicities
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
LGBTQ+
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
|
Did Not Disclose Demographic Background
|
| | | | 1 | | | | | | — | | | | | | — | | | | | | 1 | | |
Name
|
| |
Age
|
| |
Position
|
|
Warren B. Kanders | | | 65 | | | Executive Chairman of the Board of Directors | |
Aaron J. Kuehne | | | 44 | | | Executive Vice President, Chief Operating Officer, Secretary and Treasurer | |
Michael J. Yates | | | 57 | | | Chief Financial Officer | |
Name and Principal Position
|
| |
Year
|
| |
Salary
($) |
| |
Bonus
($) |
| |
Stock
Awards ($)(1) |
| |
Option
Awards ($)(2) |
| |
Non-Equity
Deferred Compensation Earnings |
| |
Non-qualified
Deferred Compensation Earnings |
| |
All Other
Compensation ($) |
| |
Total
($) |
| |||||||||||||||||||||||||||
Warren B. Kanders
Executive Chairman |
| | | | 2022 | | | | | | 550,000 | | | | | | — | | | | | | 7,686,720 | | | | | | — | | | | | | — | | | | | | — | | | | | | 77,288(3) | | | | | | 8,314,008 | | |
| | | 2021 | | | | | | 423,461 | | | | | | — | | | | | | 7,230,085 | | | | | | — | | | | | | — | | | | | | — | | | | | | 68,441 | | | | | | 7,721,987 | | | ||
| | | 2020 | | | | | | 352,692 | | | | | | 500 | | | | | | 3,313,561 | | | | | | 1,437,065 | | | | | | — | | | | | | — | | | | | | 63,434 | | | | | | 5,167,252 | | | ||
John C. Walbrecht(4)
President |
| | | | 2022 | | | | | | 550,000 | | | | | | — | | | | | | 1,537,344 | | | | | | — | | | | | | — | | | | | | — | | | | | | 39,448(5) | | | | | | 2,126,792 | | |
| | | 2021 | | | | | | 498,750 | | | | | | 375,000 | | | | | | — | | | | | | 2,352,040 | | | | | | — | | | | | | — | | | | | | 36,906 | | | | | | 3,262,696 | | | ||
| | | 2020 | | | | | | 428,269 | | | | | | 212,500 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 27,745 | | | | | | 668,514 | | | ||
Aaron J. Kuehne
Executive Vice President, Chief Operating Officer, Secretary and Treasurer |
| | | | 2022 | | | | | | 550,000 | | | | | | — | | | | | | 1,537,344 | | | | | | — | | | | | | — | | | | | | — | | | | | | 32,862(6) | | | | | | 2,120,206 | | |
| | | 2021 | | | | | | 423,461 | | | | | | 315,000 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 31,533 | | | | | | 769,994 | | | ||
| | | 2020 | | | | | | 352,692 | | | | | | 175,000 | | | | | | 990,754 | | | | | | 1,297,620 | | | | | | — | | | | | | — | | | | | | 26,362 | | | | | | 2,842,428 | | | ||
Michael J. Yates(7)
Chief Financial Officer |
| | | | 2022 | | | | | | 400,000 | | | | | | — | | | | | | — | | | | | | 312,255 | | | | | | — | | | | | | — | | | | | | 27,267(8) | | | | | | 739,522 | | |
| | | 2021 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | ||
| | | 2020 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | | | | |
Estimated Future Payouts
Under Non-Equity Incentive Plan Awards |
| |
Estimated Future Payouts
Under Equity Incentive Plan Awards |
| |
All Other
Stock Awards: Number of Shares of Stock or Units (#) |
| |
All Other
Option Awards: Number of Securities Underlying Options (#) |
| |
Exercise
or Base Price of Option Awards ($) |
| |
Grant
Date Fair Value of Stock and Option Awards ($) |
| ||||||||||||||||||||||||||||||||||||||||||
Name
|
| |
Grant
Date |
| |
Threshold
($) |
| |
Target
($) |
| |
Maximum
($) |
| |
Threshold
($) |
| |
Target
($) |
| |
Maximum
($) |
| |||||||||||||||||||||||||||||||||||||||||||||
Michael J. Yates
|
| | | | 1/3/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 30,000 | | | | | $ | 27.65(1) | | | | | $ | 312,255 | | |
Warren B. Kanders
|
| | | | 3/4/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 500,000(2) | | | | | | — | | | | | | — | | | | | $ | 7,686,720 | | |
John C. Walbrecht
|
| | | | 3/4/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 100,000(2) | | | | | | — | | | | | | — | | | | | $ | 1,537,344 | | |
Aaron J. Kuehne
|
| | | | 3/4/2022 | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 100,000(2) | | | | | | — | | | | | | — | | | | | $ | 1,537,344 | | |
| | |
Option Awards
|
| |
Stock Awards
|
| |||||||||||||||||||||||||||||||||||||||||||||
Name
|
| |
Number of
Securities Underlying Unexercised Options (#) Exercisable |
| |
Number of
Securities Underlying Unexercised Options (#) Unexercisable |
| |
Equity Incentive
Plan Awards: Number of Securities Underlying Unexercised Unearned Options (#) |
| |
Option
Exercise Price ($) |
| |
Option
Expiration Date |
| |
Number of
Shares or Units of Stock That Have Not Vested (#) |
| |
Market
Value of Shares or Units of Stock That Have Not Vested ($) |
| |
Equity
Incentive Plan Awards: Number of Unearned Shares, Units or Other Rights That Have Not Vested (#) |
| |
Equity
Incentive Plan Awards: Market or Payout Value of Unearned Shares, Units or Other Rights That Have Not Vested ($) |
| ||||||||||||||||||||||||
Warren B. Kanders
|
| | | | 500,000(1) | | | | | | — | | | | | | — | | | | | | 6.80 | | | |
3/9/28
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |
—
|
| | | | 233,333(2) | | | | | | 1,829,339 | | | | | | — | | | | | | — | | |
| | | | | 150,000(3) | | | | | | | | | | | | — | | | | | | 13.21 | | | |
6/5/29
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 170,664(4) | | | | | | 85,333(4) | | | | | | — | | | | | | 14.39 | | | |
12/2/30
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |
—
|
| | | | 500,000(5) | | | | | | 3,920,000 | | | | | | — | | | | | | — | | |
| | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |
—
|
| | | | 500,000(6) | | | | | | 3,920,000 | | | | | | — | | | | | | — | | |
John C. Walbrecht
|
| | | | 500,000(7) | | | | | | — | | | | | | — | | | | | | 6.80 | | | |
3/9/28
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |
—
|
| | | | 112,500(8) | | | | | | 882,000 | | | | | | — | | | | | | — | | |
| | | | | 133,334(9) | | | | | | 266,666(9) | | | | | | — | | | | | | 15.15 | | | |
1/1/31
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |
—
|
| | | | 100,000(10) | | | | | | 784,000 | | | | | | — | | | | | | — | | |
Aaron J. Kuehne
|
| | | | 7,500(11) | | | | | | — | | | | | | — | | | | | | 8.20 | | | |
1/1/23
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 25,000(12) | | | | | | — | | | | | | — | | | | | | 10.40 | | | |
11/7/23
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 55,000(13) | | | | | | — | | | | | | — | | | | | | 4.63 | | | |
12/16/25
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 125,000(14) | | | | | | — | | | | | | — | | | | | | 4.38 | | | |
7/1/26
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 50,000(15) | | | | | | — | | | | | | — | | | | | | 6.15 | | | |
8/21/27
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 500,000(16) | | | | | | — | | | | | | — | | | | | | 6.80 | | | |
3/9/28
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | 200,000(17) | | | | | | 100,000(17) | | | | | | — | | | | | | 15.00 | | | |
8/27/30
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | | | | — | | | | | | — | | | | | | — | | | | | | — | | | |
—
|
| | | | 100,000(18) | | | | | | 784,000 | | | | | | — | | | | | | — | | |
Michael J. Yates
|
| | | | 10,000(19) | | | | | | 20,000(19) | | | | | | — | | | | | | 27.65 | | | |
1/3/32
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | |
| | |
Option Awards
|
| |
Stock Awards
|
| ||||||||||||||||||
Name
|
| |
Number of
Shares Acquired on Exercise (#) |
| |
Value Realized
on Exercise ($) |
| |
Number of
Shares Acquired on Vesting (#) |
| |
Value Realized
on Vesting ($) |
| ||||||||||||
Warren B. Kanders
|
| | | | — | | | | | | — | | | | | | 116,667 | | | | | $ | 2,524,674 | | |
John C. Walbrecht
|
| | | | — | | | | | | — | | | | | | 37,500 | | | | | $ | 811,500 | | |
Executive Benefits and Payments
Upon Separation |
| |
Voluntary
Termination on 12/31/22 ($) |
| |
For Cause
Termination on 12/31/22 ($) |
| |
Without Cause
Termination on 12/31/22 ($) |
| |
Change-in-Control
and Termination on 12/31/22 ($) |
| |
Change-in-
Control 12/31/22 ($) |
| |
Disability on
12/31/22 ($) |
| |
Death on
12/31/22 ($) |
| |||||||||||||||||||||
Compensation | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Cash Severance – Salary and Bonus
|
| | | | — | | | | | | — | | | | | | 3,002,500(1) | | | | | | 3,002,500(1) | | | | | | — | | | | | | 3,002,500(1) | | | | | | 3,002,500(1) | | |
Stock Options
|
| | | | — | | | | | | — | | | | | | —(2) | | | | | | —(2) | | | | | | — | | | | | | —(2) | | | | | | —(2) | | |
Restricted Stock
|
| | | | — | | | | | | — | | | | | | 12,674,661(3) | | | | | | 12,674,661(3) | | | | | | — | | | | | | 12,674,661(3) | | | | | | 12,674,661(3) | | |
Benefits & Perquisites | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Life Insurance
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 2,300,000(4) | | |
Insurance/Health Benefits
|
| | | | — | | | | | | — | | | | | | 105,816(5) | | | | | | 105,816(5) | | | | | | — | | | | | | 105,816(5) | | | | | | 105,816(5) | | |
Disability Income
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Office Expense
Reimbursement |
| | | | — | | | | | | — | | | | | | —(6) | | | | | | —(6) | | | | | | — | | | | | | — | | | | | | — | | |
Total
|
| | | | — | | | | | | — | | | | | | 15,782,977 | | | | | | 15,782,977 | | | | | | — | | | | | | 15,782,977 | | | | | | 18,082,977 | | |
Executive Benefits and Payments
Upon Separation |
| |
Voluntary
Termination on 12/31/22 ($) |
| |
For Cause
Termination on 12/31/22 ($) |
| |
Without Cause
Termination on 12/31/22 ($) |
| |
Change-in-Control
and Termination on 12/31/22 ($) |
| |
Change-in-
Control 12/31/22 ($) |
| |
Disability on
12/31/22 ($) |
| |
Death on
12/31/22 ($) |
| |||||||||||||||||||||
Compensation | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Cash Severance – Salary
|
| | | | — | | | | | | — | | | | | | 550,000(1) | | | | | | 550,000(1) | | | | | | — | | | | | | — | | | | | | — | | |
Stock Options
|
| | | | — | | | | | | — | | | | | | —(2) | | | | | | —(2) | | | | | | — | | | | | | —(2) | | | | | | —(2) | | |
Restricted Stock
|
| | | | — | | | | | | — | | | | | | 784,000(3) | | | | | | 784,000(3) | | | | | | — | | | | | | 784,000(3) | | | | | | 784,000(3) | | |
Benefits & Perquisites | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Insurance & Life Insurance
|
| | | | — | | | | | | — | | | | | | 28,537(4) | | | | | | 28,537(4) | | | | | | — | | | | | | — | | | | | | 300,000(5) | | |
Disability Income
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Total
|
| | | | — | | | | | | — | | | | | | 1,362,537 | | | | | | 1,362,537 | | | | | | — | | | | | | 784,000 | | | | | | 1,084,000 | | |
Executive Benefits and Payments
Upon Separation |
| |
Voluntary
Termination on 12/31/22 ($) |
| |
For Cause
Termination on 12/31/22 ($) |
| |
Without Cause
Termination on 12/31/22 ($) |
| |
Change-in-Control
and Termination on 12/31/22 ($) |
| |
Change-in-
Control 12/31/22 ($) |
| |
Disability on
12/31/22 ($) |
| |
Death on
12/31/22 ($) |
| |||||||||||||||||||||
Compensation | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Cash Severance – Salary
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Stock Options
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Restricted Stock
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Benefits & Perquisites | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
Insurance & Life Insurance
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | 300,000(1) | | |
Disability Income
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Total
|
| | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | | | | | — | | |
Year | | | Summary Compensation Table Total for PEO ($) | | | Compensation Actually Paid to PEO ($)(1) | | | Average Summary Compensation Table Total for Non-PEO NEOs ($) | | | Average Compensation Actually Paid to Non-PEO NEOs ($)(1) | | | Value of Initial Fixed $100 Investment Based on: | | | Net Income ($)(4) | | | EBITDA ($)(5) | | |||||||||||||||||||||||||||
| Total Shareholder Return ($)(2) | | | Peer Group Shareholder Return ($)(3) | | ||||||||||||||||||||||||||||||||||||||||||||
2022 | | | | | | | | | | ( | | | | | | | | | | | ( | | | | | | | | | | | | | | | | ( | | | | | | | | |||||
2021 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||
2020 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| Year | | | PEO | | | Non-PEO NEOs | |
| 2022 | | | | | | John C. Walbrecht, Aaron J. Kuehne, and Michael J. Yates | |
| 2021 | | | Warren B. Kanders | | | John C. Walbrecht and Aaron J. Kuehne | |
| 2020 | | | Warren B. Kanders | | | John C. Walbrecht and Aaron J. Kuehne | |
| | | | | | Starting Amount: | | | Deducted: | | | Added: | | | Added: | | | Added: | | | Adjusted Amount: | | ||||||||||||||||||
Year | | | Named Executive Officers | | | Summary Compensation Table Total | | | The grant date fair value of all stock awards granted in the applicable year, as reported in the Summary Compensation Table | | | The fair value as of the end of the covered fiscal year of all stock awards granted during the covered fiscal year that were outstanding and unvested as of the end of the covered fiscal year | | | The change (positive or negative) as of the end of the covered fiscal year (from the end of the prior fiscal year) in fair value of any stock awards granted in any prior fiscal year that are outstanding and unvested as of the end of the covered fiscal year | | | The change (positive or negative) as of the vesting date (from the end of the prior fiscal year) in fair value of any stock awards granted in any prior fiscal year for which all vesting conditions were satisfied at the end of or during the covered fiscal year | | | Compensation Actually Paid | | ||||||||||||||||||
2022 | | | PEO | | | | | | | | | | | | | | | | | | | | ( | | | | | | ( | | | | | | ( | | | |||
| Non-PEO NEOs | | | | | | | | | | | | | | | | | | | | ( | | | | | | ( | | | | | | ( | | | |||||
2021 | | | PEO | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||
| Non-PEO NEOs | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||||
2020 | | | PEO | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | ||||||
| Non-PEO NEOs | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| | |
Fiscal 2022
|
| |
Fiscal 2021
|
| ||||||
Audit Fees
|
| | | $ | 1,682,899 | | | | | $ | 1,680,667 | | |
Audit Related Fees
|
| | | $ | — | | | | | $ | 185,423 | | |
Tax Fees
|
| | | $ | 590,743 | | | | | $ | 554,652 | | |
All Other Fees
|
| | | $ | — | | | | | $ | — | | |
Total
|
| | | $ | 2,273,642 | | | | | $ | 2,420,742 | | |