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Sturm, Ruger & Company, Inc. (NYSE:RGR) has announced significant changes in its executive leadership, as detailed in a recent 8-K filing with the Securities and Exchange Commission.
Christopher J. Killoy, the company’s Chief Executive Officer, will step down from his role on March 1, 2025, transitioning to a Special Advisor to the CEO and Board of Directors until March 1, 2028. During this period, Killoy will receive an annual compensation of $275,000, and his restricted stock unit awards will continue to vest as if he remained CEO. Additionally, Killoy has agreed not to engage in activities that compete with the company during his advisory tenure. This transition comes as the stock has shown strong momentum, posting an 11.5% return over the past week.
Simultaneously, Kevin B. Reid, Sr., the Vice President, General Counsel, and Corporate Secretary, is set to resign on June 30, 2025. Reid will serve as Senior Counsel until his retirement on June 30, 2026, with an annual compensation of $400,000.
Todd W. Seyfert is appointed as the new President and Chief Executive Officer effective March 1, 2025. Seyfert brings experience as President of Segment Land Vehicles Americas at Dometic Group AB and as former CEO of FeraDyne Outdoors, LLC.
The company’s filing includes the full terms of the agreements with Killoy and Reid, which outline the responsibilities and compensation for their respective roles.
These executive transitions are part of Sturm, Ruger & Company, Inc.’s strategic planning and are expected to ensure a smooth leadership succession. The information provided in this article is based on the company’s SEC filing.
In other recent news, Sturm, Ruger & Company Inc. reported its fourth-quarter 2024 earnings, revealing a 19% increase in revenue year-over-year, amounting to $145.8 million, which surpassed analyst expectations of $137.77 million. The company’s earnings per share (EPS) met forecasts at $0.62. Sturm Ruger highlighted the significant contribution of new product sales, which accounted for 32% of total firearm sales during the year. The company also announced a leadership transition, with Todd Seifert set to assume the role of CEO in March 2025. During the earnings call, executives discussed the company’s strategic focus on product innovation and disciplined pricing, as well as potential impacts from future firearms control and environmental legislation. Sturm Ruger maintains a strong cash position, with cash and short-term investments totaling $120 million, and plans for capital expenditures of $20 million in 2025. The company remains open to strategic acquisitions to enhance its market position. Analysts from firms like Lake Street expressed interest in the company’s new product launches, particularly the RXM platform developed in collaboration with Magpul Industries.
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