# EDGAR Filing Document

**Accession Number:** 0000913277
**File Stem:** 0001104659-25-055485
**Filing Date:** 2025-6
**Character Count:** 15264
**Document Hash:** 3dd757d47ae93840c500410794d9c451
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-055485.hdr.sgml**: 20250602

**ACCESSION NUMBER**: 0001104659-25-055485

**CONFORMED SUBMISSION TYPE**: 8-K

**PUBLIC DOCUMENT COUNT**: 13

**CONFORMED PERIOD OF REPORT**: 20250529

**ITEM INFORMATION**: Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers

**ITEM INFORMATION**: Submission of Matters to a Vote of Security Holders

**ITEM INFORMATION**: Other Events

**ITEM INFORMATION**: Financial Statements and Exhibits

**FILED AS OF DATE**: 20250602

**DATE AS OF CHANGE**: 20250602

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Clarus Corp
- **CENTRAL INDEX KEY:** 0000913277
- **STANDARD INDUSTRIAL CLASSIFICATION:** [3949]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 581972600
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 8-K
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 001-34767
- **FILM NUMBER:** 251015565

**BUSINESS ADDRESS:**
- **STREET 1:** 2084 EAST 3900 SOUTH
- **CITY:** SALT LAKE CITY
- **STATE:** UT
- **ZIP:** 84124
- **BUSINESS PHONE:** 801-278-5552

**MAIL ADDRESS:**
- **STREET 1:** 2084 EAST 3900 SOUTH
- **CITY:** SALT LAKE CITY
- **STATE:** UT
- **ZIP:** 84124

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** Black Diamond, Inc.
- **DATE OF NAME CHANGE:** 20110121

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** CLARUS CORP
- **DATE OF NAME CHANGE:** 19980911

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SQL FINANCIALS INTERNATIONAL INC /DE/
- **DATE OF NAME CHANGE:** 19980911

?xml version='1.0' encoding='ASCII'?

**United States**

**Securities and Exchange Commission**

**Washington, D.C. 20549**

**Form 8-K**

**Current Report**

**Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934**

Date of Report (Date of earliest event reported): <u>May 29, 2025</u>

CLARUS CORPORATION

(Exact name of registrant as specified in its charter)

<u>Delaware</u> (State or other jurisdiction of incorporation) 001-34767 (Commission File Number) 58-1972600 (IRS Employer Identification Number)

2084 East 3900 South<u>, Salt Lake City</u><u>, Utah</u> (Address of principal executive offices) 84124 (Zip Code)

Registrant's telephone number, including area code: <u>(801</u><u>) 278-5552</u>

N/A

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

◻ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

◻ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

◻ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

◻ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

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| | | |
|:---|:---|:---|
| &nbsp;&nbsp;**Title of each class** | &nbsp;&nbsp;**Trading Symbol** | &nbsp;&nbsp;**Name of each exchange on which<br> registered** |
| &nbsp;&nbsp;Common Stock, par value $.0001 per share | &nbsp;&nbsp;CLAR | &nbsp;&nbsp;NASDAQ Global Select Market |

---

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

◻ Emerging growth company

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ◻

**Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Each of Michael A. Henning and Donald L. House had previously determined not to stand for re-election as directors of Clarus Corporation (the "Company") at its 2025 Annual Meeting of Stockholders (the "Annual Meeting") held on May 29, 2025, and therefore each of them ceased to be a director of the Company as of the conclusion of the Annual Meeting. The respective decisions of Messrs. Henning and House not to stand for re-election were not the result of any dispute or disagreement with the Company on any matter relating to the operations, policies, or practices of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;On May 29, 2025, the Company held its Annual Meeting. At the Annual Meeting, the Company's stockholders approved the Clarus Corporation Amended and Restated 2015 Stock Incentive Plan (the "Plan"). The Plan had previously been approved and adopted by the Company's Board of Directors on April 16, 2025, subject to the approval of the Company's stockholders.

The Plan amends and restates the Clarus Corporation 2015 Stock Incentive Plan (the "2015 Plan"), which was previously approved by the Company's stockholders on December 11, 2015. The material amendments to the 2015 Plan include, but are not limited to: (i) reducing the number of shares available for issuance under the 2015 Plan from 12,436,040 (after giving effect to the aggregate annual increases provided therein) to a fixed share reserve of 7,500,000 shares of the Company's Common Stock available for grant under the Plan; (ii) the removal of the evergreen provision previously included in the 2015 Plan, which provided for annual increases of 5% of the number of shares outstanding from the end of the prior year in question; (iii) the removal of the provision that, in any calendar year, no Participant shall be granted Awards in respect of more than 500,000 shares of Common Stock (whether through grants of options or SARs or other Awards of Common Stock or rights with respect thereto) or cash-based Awards for more than $2,500,000; and (iv) an extension of the plan's term to the tenth (10th) anniversary of the effective date of the Plan. In addition to these amendments, other non-material revisions were made to align the plan with the latest applicable laws, rules, regulations, and current best practices. Capitalized terms not otherwise defined herein shall have their respective meanings as set forth in the Proxy Statement (as defined herein).

The principal features of the Plan are described in detail under "PROPOSAL 3 APPROVAL OF THE CLARUS CORPORATION AMENDED AND RESTATED 2015 STOCK INCENTIVE PLAN" of the Company's Proxy Statement filed by the Company with the Securities and Exchange Commission on April 24, 2025, as supplemented by the Proxy Statement Supplement filed on May 16, 2025 (the "Proxy Statement"). A copy of the Plan is attached as Appendix A to the Proxy Statement and is incorporated herein by reference as if fully set forth herein. The foregoing summary description of the Plan is not intended to be complete and is qualified in its entirety by the complete text of the Plan.

**Item 5.07 Submission of Matters to a Vote of Security Holders.** 

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Of the 38,401,824 shares of common stock outstanding and entitled to vote at the Annual Meeting, 34,708,530 shares of common stock were present in person or by proxy and entitled to vote, representing approximately 90.38 % of the Company's shares of common stock entitled to vote at the Annual Meeting.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b)&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;At the Annual Meeting, the Company's stockholders: (i) approved the election of each of the following five director nominees standing for election: Warren B. Kanders, Nicholas Sokolow, Susan Ottmann, Roger Werner, and Mark M. Besca, (ii) ratified the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the year ending December 31, 2025, and (iii) approved the Amended and Restated 2015 Stock Incentive Plan.

The voting results for each proposal are set forth below:

Proposal 1 – To elect five members to serve on the Company's Board of Directors until the next Annual Meeting of Stockholders and until their successors are duly elected and qualified:

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| | | | |
|:---|:---|:---|:---|
| **<u>Name</u>** | **<u>Votes For</u>** | **<u>Votes Withheld</u>** | **Broker** <br> **<u>Non-Votes</u>** |
| Warren B. Kanders | 23967362 | 7019442 | 3721726 |
| Nicholas Sokolow | 17679529 | 13307275 | 3721726 |
| Susan Ottmann | 24049290 | 6937514 | 3721726 |
| Roger Werner | 23784565 | 7202239 | 3721726 |
| Mark M. Besca | 28323661 | 2663143 | 3721726 |

---

Proposal 2 – To ratify the appointment of Deloitte & Touche LLP as the Company's independent registered public accounting firm for the year ending December 31, 2025:

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| | | | |
|:---|:---|:---|:---|
| **<u>Votes For</u>** | **<u>Votes Against</u>** | **<u>Votes Abstained</u>** | **Broker**<br> **<u>Non-Votes</u>** |
| 34368158 | 337038 | 3334 | 0 |

---

Proposal 3 – To approve and adopt the Amended and Restated 2015 Stock Incentive Plan:

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| | | | |
|:---|:---|:---|:---|
| **<u>Votes For</u>** | **<u>Votes Against</u>** | **<u>Votes Abstained</u>** | **Broker**<br> **<u>Non-Votes</u>** |
| 20035252 | 10333898 | 617654 | 3721726 |

---

**Item 8.01. Other Events.**

On May 29, 2025, the Company delivered a letter (the "Letter") to Mr. Warren B. Kanders approving his request that he and his affiliates (collectively, "Kanders") be permitted under the Company's Rights Agreement, dated as of February 12, 2008, as amended by Amendment No. 1 thereto dated September 5, 2024, by and between the Company and Equiniti Trust Company, LLC (f/k/a American Stock Transfer and Trust Company) to increase Kanders' beneficial ownership to up to an additional 5,940,700 shares of common stock, which when combined with Kanders' current beneficial ownership, would be approximately 32.9% of the Company's outstanding shares of common stock. Such approval set forth in the Letter is conditioned upon, and subject to, among other things: (i) Kanders not increasing his beneficial ownership to in excess of 32.9% of the Company's outstanding shares of common stock; and (ii) Kanders increasing his beneficial ownership to up to 32.9% of the Company's outstanding shares of common stock, if at all, on or before the twenty-four month anniversary of the date of the Letter.

Furthermore, in the event that Kanders reduces his beneficial ownership to below 9.9% of the Company's outstanding shares of common stock, the approval granted pursuant to the Letter shall immediately terminate and Kanders would need to obtain a new approval from the Company's Board of Directors before seeking to again increase his beneficial ownership to in excess of 9.9% of the Company's outstanding shares of common stock.

Mr. Kanders is the Company's Executive Chairman of the Board of Directors and a member of the Company's Board of Directors.

A copy of the Letter is attached to this Current Report on Form 8-K as Exhibit 99.1 and is incorporated herein by reference as if fully set forth herein. The foregoing summary description of the Letter is not intended to be complete and is qualified in its entirety by the complete text of the Letter.

**Item 9.01. Financial Statements and Exhibits.** 

*(d) Exhibits.* 

[99.1](tm2516703d1_ex99-1.htm) [Letter to Warren B. Kanders dated May 29, 2025](tm2516703d1_ex99-1.htm) <br> 104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

**SIGNATURES** 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Dated: June 2, 2025

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| | |
|:---|:---|
| **CLARUS CORPORATION** | **CLARUS CORPORATION** |
| By: | /s/ Michael J. Yates |
| Name: | Michael J. Yates |
| Title: | Chief Financial Officer |

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## Exhibit 99.1

**Exhibit 99.1**

**Clarus Corporation**

**2084 East 3900 South,** 

**Salt Lake City, Utah 84124**

May 29, 2025

***<u>Via Email (wbkanders@kanders.com)</u>***

Warren B. Kanders

c/o Kanders & Company, Inc.

250 Royal Palm Way

Suite 201

Palm Beach, Florida 33480

Dear Mr. Kanders:

I am responding to your letter dated May 28, 2025 (the "Exemption Request") requesting that you and your Affiliates and Associates be permitted under Clarus Corporation's (the "Company") Rights Agreement, dated as of February 12, 2008, as amended by Amendment No. 1 thereto dated September 5, 2024 (the "Rights Agreement") to acquire beneficial ownership up to 32.9% of the Company's outstanding Common Shares. Capitalized terms used but not otherwise defined herein shall have the meanings ascribed to them in the Rights Agreement. We note that you and your Affiliates and Associates have beneficial ownership of 7,073,821 Common Shares of the Company, which represents approximately 17.9% of the Company's outstanding Common Shares, as disclosed in the Exemption Request.

The Company's Board of Directors has considered your request to acquire beneficial ownership of up to an additional 5,940,700 Common Shares, which when combined with your current beneficial ownership, would be approximately 32.9% of the Company's outstanding Common Shares, and has determined to approve such request, subject to the conditions set forth below. Accordingly, and solely for purposes of the Rights Agreement, you and your Affiliates and Associates shall be deemed an "Exempt Person," provided that this determination is expressly conditioned upon and subject to: (i) your and your Affiliates' and Associates' beneficial ownership not exceeding 32.9% of the Company's outstanding Common Shares; and (ii) such beneficial ownership being increased to up to 32.9% of the Company's outstanding Common Shares on or before the twenty-four month anniversary of the date of this letter.

Please note that in the event that you and your Affiliates and Associates reduce your beneficial ownership to below 9.9%, the approval granted pursuant to this letter shall immediately terminate and you and your Affiliates and Associates would need to obtain a new approval from the Company's Board of Directors before seeking to again increase your beneficial ownership to in excess of 9.9% of the Company's outstanding Common Shares.

Should you have any further questions, please do not hesitate to contact me.

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| | | |
|:---|:---|:---|
|  | Very truly yours, | Very truly yours, |
|  | CLARUS CORPORATION | CLARUS CORPORATION |
|  | By: | /s/ Michael J. Yates |
|  |  | Name: Michael J. Yates |
|  |  | Title: Chief Financial Officer |
| **Accepted and Agreed to** |  |  |
| **as of the Date First Set Forth Above:** |  |  |
| /s/ Warren B. Kanders |  |  |
| Warren B. Kanders |  |  |

---