UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
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| Item 5.02. | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers |
On January 17, 2025, Smith & Wesson Brands, Inc. (the “Company”) filed a Current Report on Form 8-K with the Securities and Exchange Commission to announce that the Company’s Vice President of Sales, Susan J. Cupero, planned to retire in May 2025.
On April 28, 2025, Smith & Wesson Sales Company, a subsidiary of the Company, and Ms. Cupero entered into an Agreement and Release (the “Agreement”) outlining the terms of her separation. Under the terms of the Agreement, among other things, (i) Ms. Cupero will continue to receive her regular base salary through April 30, 2027 and her car allowance through April 30, 2026; (ii) certain outstanding restricted stock units that were scheduled to vest in May 2026 became immediately vested; and (iii) Ms. Cupero will receive a lump sum payment to be used for supplemental coverage under Medicare.
The foregoing summary of the Agreement is qualified in its entirety by reference to the full text of the Agreement, which is filed as Exhibit 10.132 and incorporated by reference herein.
| Item 9.01. | Financial Statements and Exhibits. |
(d) Exhibits.
| Exhibit No. |
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| 10.132 | Agreement and Release, dated April 28, 2025. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) | |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| SMITH & WESSON BRANDS, INC. | ||||||
| Date: May 2, 2025 | By: | /s/ Deana L. McPherson | ||||
| Deana L. McPherson | ||||||
| Executive Vice President, Chief Financial Officer, Treasurer, and Assistant Secretary | ||||||