Sturm, Ruger & Company Announces Employment Agreement with Todd W. Seyfert

Sturm, Ruger & Company, Inc. (NYSE:RGR) recently disclosed in an 8-K filing with the Securities and Exchange Commission the formalization of an Employment Agreement with Todd W. Seyfert. Seyfert will be stepping into the role of President and Chief Executive Officer of the Company effective March 1, 2025.

Under the terms of the Agreement, Seyfert will receive a base salary of no less than $750,000 per annum, eligibility for annual cash bonuses equal to 100% of his base salary, as well as additional equity-based incentive compensations. Moreover, Sturm, Ruger & Company will compensate Seyfert up to $345,000 in cash for forfeited incentive compensation from his prior employment and grant him 40,000 Restricted Stock Units (RSUs) that convert into the Company’s Common Stock.

In the event of Seyfert’s termination without Cause or under certain conditions following a Change in Control, specific severance packages including cash payments, accelerated vesting of equity awards, and continued medical insurance benefits for up to 24 months will be provided.

The Company also issued a press release on January 17, 2025, announcing Seyfert’s appointment as the next President and CEO. John A. Cosentino, Jr., Chairman of the Board of Directors, expressed confidence in Seyfert’s ability to drive growth, innovation, and value for Sturm, Ruger & Company, highlighting his proven track record in the outdoor adventure and shooting sports industries.

Seyfert, who previously served as CEO of FeraDyne Outdoors, LLC, is recognized for his strategic vision and operational expertise. He has successfully led companies through growth and profitability, with a focus on customer needs, operational improvements, and strategic acquisitions. Seyfert expressed his eagerness to lead Sturm, Ruger & Company into its next phase of growth while upholding the Company’s core values.

Chris Killoy, the current CEO of Sturm, Ruger & Company, will serve as a Special Advisor to Seyfert and the Board of Directors until his planned retirement in May 2025. Killoy’s tenure has been marked by transformative milestones, innovation, and a commitment to excellence. He expressed confidence in Seyfert’s leadership and the Company’s future trajectory, emphasizing his excitement at continuing to support Sturm, Ruger & Company as a Board member.

Sturm, Ruger & Co., Inc., known for its quality and innovative firearms, has been a prominent manufacturer in the commercial sporting market for over 75 years. The Company, with a commitment to corporate and community responsibility, aims to provide reliable firearms for responsible citizens.

The 8-K filing also cautioned about forward-looking statements and projections made by the Company, advising readers to consider the risks and uncertainties that could impact actual results compared to projected expectations. Sturm, Ruger & Company remains committed to delivering value to stakeholders while navigating future challenges.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Sturm, Ruger & Company, Inc.’s 8K filing here.

Sturm, Ruger & Company, Inc. Company Profile

Sturm, Ruger & Co, Inc engages in the business of designing, manufacturing, and selling firearms to domestic customers. It operates under the Firearms and Castings segments. The Firearms segment focuses on manufacturing and selling rifles, pistols, and revolvers principally to a number of federally licensed, independent wholesale distributors.