CAmerican Outdoor Brands, Inc. Appoints Bradley T. Favreau, to the Company's Board of Directors
August 09, 2022 at 01:35 am IST
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American Outdoor Brands, Inc. announced that it has agreed to appoint a new independent director, Bradley T. Favreau, to the Company's Board of Directors (the "Board"), effective immediately, with a term expiring at the Company's 2023 Annual Meeting of Stockholders. With the addition of Mr. Favreau, the size of the Board will increase from six to seven directors, including six independent directors. This appointment is in connection with the Cooperation Agreement that American Outdoor Brands entered into with Engine Capital Management, LP (together with its affiliates, "Engine Capital") pursuant to which Engine Capital will withdraw its director nominations previously submitted to the Company and will support the Board's full slate of directors at the 2022 Annual Meeting of Stockholders.
Engine Capital also agreed to abide by customary standstill provisions and voting commitments.
American Outdoor Brands, Inc. is a provider of outdoor lifestyle products and shooting sports accessories. The Company's outdoor lifestyle products and shooting sports accessories include hunting, fishing, outdoor cooking, camping, shooting, and personal security and defense products, for rugged outdoor enthusiasts. It designs, conceives, sources and sells its outdoor lifestyle products, including premium sportsman knives and tools for fishing and hunting; land management tools for hunting preparedness; harvesting products for post-hunt or post-fishing activities; outdoor cooking products; and camping, survival, and emergency preparedness products. The Company distributes its products through e-commerce and traditional distribution channels. The Company offers its products under various brands, such as BOG, BUBBA, Caldwell, Crimson Trace, Frankford Arsenal, Grilla Grills, Hooyman, Imperial, LaserLyte, Lockdown, MEAT! Your Maker, Old Timer, Schrade, Tipton, Uncle Henry, ust and Wheeler.