Company: SPWH
Filing Date: 2025-08-05
Form Type: 8-K
Source: 0000950170-25-103059
Chunk: 1

Company: SPORTSMAN'S WAREHOUSE HOLDINGS, INC.
Filing Date: 2025-08-05
Form: 8-K
Item: Item 5.02
Chunk 1
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,000 and a discretionary annual cash bonus in a target amount equal to 75% of Ms. Fall Jung’s base salary, prorated for fiscal year 2025 based on the number of days Ms. Fall Jung is employed by the Company in fiscal year 2025. Ms. Fall Jung will also receive a signing bonus in the amount of $75,000, payable in three equal installments on the first regular payroll date of the Company following (i) the Start Date, (ii) the six month anniversary of the Start Date and (iii) the first anniversary of the Start Date, in each case subject to Ms. Fall Jung remaining employed by the Company through the payment date.

The Employment Agreement also provides that, subject to approval by the Board or a committee thereof, Ms. Fall Jung will receive (i) a long-term cash incentive award opportunity in a target amount equal to $500,000 that will vest on April 30, 2028, based on the achievement of performance goals to be determined by the Board or a committee thereof, subject to her continued employment with the Company (the “ LTIP Award”), (ii) an award of time-based restricted stock units covering 125,000 shares of the Company’s common stock, par value $0.01 per share (“ Common Stock”), that will vest over three years in equal installments on the first, second and third anniversary of the Start Date, subject to her continued employment with the Company (the “ RSU Award”) and (iii) an award of performance-based restricted stock units covering up to 125,000 shares of Common Stock that will vest on April 30, 2027 based on the achievement of performance goals to be determined by the Board or a committee thereof, subject to her continued employment with the Company (the “ PSU Award”). The LTIP Award will be granted under the Company’s Amended and Restated 2019 Performance Incentive Plan (the “ Plan”) and an applicable form of award agreement to include, among other things, vesting and payout terms to be determined by the Board or a committee thereof. The RSU Award and PSU Award will be granted under the Plan and the applicable form of award agreement thereunder.

In the event Ms. Fall Jung’s employment is terminated by the Company other than because of Ms. Fall Jung’s “ Gross Misconduct” or by Ms. Fall Jung for “ Good Reason” (as such terms are defined in the Employment Agreement), Ms. Fall Jung will be entitled to receive,