Clarus Corp DEF 14A, filed Apr 29, 2024

Clarus Corp (CLAR)

DEF 14A 2024-04-29 For: 2024-05-30

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Added on June 13, 2026

About this DEF 14A

Clarus Corp filed this DEF 14A on April 29, 2024.

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	Cordially,

	CLARUS CORPORATION

	Warren B. Kanders
	Executive Chairman


	By Order of the Board of Directors

	Michael J. Yates
	Secretary
April 29, 2024


	Common Stock		Percentage (%) of
Name	Beneficially Owned⁽¹⁾		Common Stock⁽²⁾
Five Percent Holders:
Greenhouse Funds LLLP	4,538,107	⁽³⁾	11.8
Brown Advisory Incorporated	4,314,482	⁽⁴⁾	11.3
FMR LLC	2,870,793	⁽⁵⁾	7.5
Cropley Nominees Pty Ltd	2,315,121	⁽⁶⁾	6.0

Directors and Named Executive Officers:
Warren B. Kanders	6,525,420	⁽⁷⁾	16.6
Nicholas Sokolow	803,485	⁽⁸⁾	2.1
Donald L. House	441,489	⁽⁹⁾	1.1
Michael A. Henning	240,000	⁽¹⁰⁾	*
Susan Ottmann	65,000	⁽¹¹⁾	*
Roger Werner	20,000	⁽¹²⁾	*
Michael J. Yates	20,000	⁽¹³⁾	*
All current directors, nominees and named executive officers as a group (7 persons)	8,115,394	⁽¹⁴⁾	20.4


						Change in
						Pension
						Value and
	Fees					Non-qualified
	Earned or				Non-Equity	Deferred
	Paid in	Stock	Option		Incentive Plan	Compensation	All Other
	Cash	Awards	Awards		Compensation	Earnings	Compensation	Total
Name	($)	($)	($)⁽¹⁾		($)	($)	($)	($)
Michael A. Henning	50,000	—	37,200	⁽²⁾	—	—	—	87,200
Donald L. House	45,000	—	37,200	⁽³⁾	—	—	—	82,200
Susan Ottmann	35,000	—	37,200	⁽⁴⁾	—	—	—	72,200
Nicholas Sokolow	55,000	—	37,200	⁽⁵⁾	—	—	—	92,200
James E. Walker III⁽⁷⁾	35,000	—	37,200	⁽⁶⁾	—	—	—	72,200



Part I: Gender Identity	Female	Male	Non-Binary	Did Not Disclose
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	1	4	—	—
Two or More Races or Ethnicities	—	—	—	—
LGBTQ+	—	—	—	—
Did Not Disclose Demographic Background	—	—	—	1


Name	Age	Position
Warren B. Kanders	66	Executive Chairman
Michael J. Yates	58	Chief Financial Officer, Secretary and Treasurer


	Option Awards						Stock Awards
											Equity
										Equity	Incentive
										Incentive	Plan Awards:
										Plan Awards:	Market or
				Equity Incentive					Market	Number of	Payout Value
				Plan Awards:					Value of	Unearned	of Unearned
	Number of		Number of	Number of			Number of		Shares or	Shares,	Shares,
	Securities		Securities	Securities			Shares or		Units of	Units or	Units or
	Underlying		Underlying	Underlying			Units of		Stock That	Other Rights	Other Rights
	Unexercised		Unexercised	Unexercised	Option	Option	Stock That		Have Not	That Have	That Have
	Options (#)		Options (#)	Unearned	Exercise	Expiration	Have Not		Vested	Not Vested	Not Vested
Name	Exercisable		Unexercisable	Options (#)	Price ($)	Date	Vested (#)		($)	(#)	($)
Warren B. Kanders	500,000	⁽¹⁾	—	—	6.80	3/9/28	—		—	—	—
	—		—	—	—	—	116,666	⁽²⁾	804,995	—	—
	150,000	⁽³⁾	—	—	13.21	6/5/29	—		—	—	—
	255,997	⁽⁴⁾	—	—	14.39	12/2/30	—		—	—	—
	—		—	—	—	—	500,000	⁽⁵⁾	3,450,000	—	—
	—		—	—	—	—	500,000	⁽⁶⁾	3,450,000	—	—
	—		—	—	—	—	500,000	⁽⁷⁾	3,450,000	—	—

Michael J. Yates	20,000	⁽⁸⁾	10,000	—	27.65	1/3/32	—		—	—	—

Aaron J. Kuehne⁽¹⁴⁾	55,000	⁽⁹⁾	—	—	4.63	8/31/24	—		—	—	—
	125,000	⁽¹⁰⁾	—	—	4.38	8/31/24	—		—	—	—
	50,000	⁽¹¹⁾	—	—	6.15	8/31/24	—		—	—	—
	500,000	⁽¹²⁾	—	—	6.80	8/31/24	—		—	—	—
	300,000	⁽¹³⁾	—	—	15.00	8/31/24	—		—	—	—


	Voluntary	For Cause	Without Cause		Change-in-Control		Change-in-
	Termination on	Termination on	Termination on		and Termination		Control	Disability on		Death on
Executive Benefits and Payments	12/31/23	12/31/23	12/31/23		on 12/31/23		12/31/23	12/31/23		12/31/23
Upon Separation	($)	($)	($)		($)		($)	($)		($)
Compensation
Cash Severance – Salary and Bonus	—	—	3,002,500	⁽¹⁾	3,002,500	⁽¹⁾	—	3,002,500	⁽¹⁾	3,002,500	⁽¹⁾
Stock Options	—	—	75,000	⁽²⁾	75,000	⁽²⁾	—	75,000	⁽²⁾	75,000	⁽²⁾
Restricted Stock	—	—	10,350,000	⁽³⁾	10,350,000	⁽³⁾	—	10,350,000	⁽³⁾	10,350,000	⁽³⁾
Benefits & Perquisites
Life Insurance	—	—	—		—		—	—		2,134,000	⁽⁴⁾
Insurance/Health Benefits	—	—	109,783	⁽⁵⁾	109,783	⁽⁵⁾	—	109,783	⁽⁵⁾	109,783	⁽⁵⁾
Disability Income	—	—	—		—		—	—		—
Office Expense Reimbursement	—	—	—	⁽⁶⁾	—	⁽⁶⁾	—	—		—
Total	—	—	13,537,283		13,537,283		—	13,537,283		15,671,283


					Value of Initial
			Average		Fixed $100
			Summary	Average	Investment
	Summary		Compensation	Compensation	Based on:
	Compensation	Compensation	Table Total for	Actually Paid	Total	Peer Group
	Table Total for	Actually Paid	Non-PEO	to Non-PEO	Shareholder	Shareholder	Net	Adjusted
	PEO	to PEO	NEOs	NEOs	Return	Return	Income	EBITDA
Year	($)	($)⁽¹⁾	($)	($)⁽¹⁾	($)⁽²⁾	($)⁽³⁾	($)⁽⁴⁾	($)⁽⁵⁾
2023	4,724,110	2,973,299	443,435	208,285	52.81	146.81	(15,788)	1,214
2022	8,314,008	(17,349,302)	1,662,173	(3,273,967)	59.15	112.11	(69,780)	62,959
2021	7,721,987	16,860,440	2,016,345	9,081,793	206.49	155.34	26,093	61,503
2020	5,167,252	6,158,606	1,755,471	2,503,523	114.31	130.70	5,545	22,389


Year	PEO	Non-PEO NEOs
2023	Warren B. Kanders	John C. Walbrecht, Aaron J. Kuehne, and Michael J. Yates
2022	Warren B. Kanders	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


	Fiscal 2023		Fiscal 2022
Audit Fees	$	1,712,632	$	1,682,899
Audit Related Fees	$	—	$	—
Tax Fees	$	489,117	$	590,743
All Other Fees	$	—	$	—
Total	$	2,201,749	$	2,273,642


	FOR THE BOARD OF DIRECTORS

	Michael J. Yates
	Secretary