NOTICE OF ANNUAL MEETING OF STOCKHOLDERS
Date: | Time: | Location: |
Monday, | 10a.m. Eastern Time | www.virtualshareholder |
September 12, 2022 | meeting.com/SWBI2022 |
The Annual Meeting of Stockholders of Smith & Wesson Brands, Inc., a Nevada corporation, will be held at 10:00 a.m., Eastern Time, on Monday, September 12, 2022 (the "2022 Annual Meeting"). The 2022 Annual Meeting will be a virtual meeting of stockholders. You will be able to attend the 2022 Annual Meeting, vote, and submit your questions during the live webcast of the meeting by visiting www.virtualshareholdermeeting.com/SWBI2022 and entering the 16-digit control number included on your proxy card or in the instructions that accompanied your proxy materials.
The 2022 Annual Meeting will be held for the following purposes:
ITEMS OF BUSINESS
- Election of directors
- Advisory vote to approve executive compensation
- Approval of the Smith & Wesson Brands, Inc. 2022 Incentive Stock Plan
- Ratification of appointment of our independent registered public accounting firm
- Stockholder proposals, if properly presented
And such other business as may properly come before the 2022 Annual Meeting or any adjournment or postponement thereof.
Stockholders of record at the close of business on July 18, 2022 may vote at the 2022 Annual Meeting.
These proxy materials were first made available to our stockholders on the internet on August 3, 2022.
Sincerely,
Kevin A. Maxwell
Senior Vice President,
General Counsel, Chief Compliance Officer, and Secretary
August 3, 2022
TABLE OF CONTENTS | |
Proxy Statement Summary ..................................................................................................................... | 1 |
Proposal One - Election Of Directors ..................................................................................................... | 3 |
Board And Governance Matters ............................................................................................................. | 7 |
Compensation Matters ............................................................................................................................ | 16 |
Proposal Two - Advisory Vote On Executive Compensation .............................................................. | 16 |
Proposal Three - Approval Of Our 2022 Incentive Stock Plan ............................................................ | 17 |
Compensation Discussion And Analysis .............................................................................................. | 24 |
Executive Compensation ........................................................................................................................ | 38 |
Audit Matters ........................................................................................................................................... | 45 |
Proposal Four - Ratification Of Appointment Of Independent Registered Public Accountant ............... | 45 |
Proposal Five - Stockholder Proposal .................................................................................................... | 47 |
Proposal Six - Stockholder Proposal...................................................................................................... | 52 |
Other Important Information .................................................................................................................... | 54 |
Beneficial Ownership Of Common Stock ............................................................................................. | 54 |
Annual Report On Form 10-K............................................................................................................... | 55 |
Delinquent Section 16(a) Reports ........................................................................................................ | 55 |
Frequently Asked Questions Regarding The 2022 Annual Meeting And Voting ................................. | 55 |
Appendix A - 2022 Incentive Stock Plan ................................................................................................ | A-1 |
PROXY STATEMENT SUMMARY
This summary highlights information contained elsewhere in this Proxy Statement. You should read this entire Proxy Statement carefully before voting.
MEETING INFORMATION
Time and Date | 10:00 a.m., Eastern Time, on Monday, September 12, 2022 |
Location | Online via webcast at |
www.virtualshareholdermeeting.com/SWBI2022 | |
Record Date | July 18, 2022 |
MEETING AGENDA
Board | |||
Proposals | Recommendation | Page | |
1. | Election of Eight Directors | FOR each nominee | 3 |
2. | Advisory Vote to Approve Executive Compensation | FOR | 16 |
3. | Approval of Smith & Wesson Brands, Inc. 2022 | FOR | 17 |
Incentive Stock Plan | |||
4. | Ratification of Appointment of Deloitte & Touche, LLP | FOR | 45 |
5-6. | Vote on Stockholder Proposals | AGAINST | 47, 52 |
Name
Anita D. Britt *
Fred M. Diaz *
Director | |
Age | Since |
59 | 2018 |
56 | 2021 |
Committee | ||||
Experience | Memberships | |||
Former CFO of Perry Ellis International, | AC **, CC, ESG | |||
Inc. | ||||
Former President and CEO of Mitsubishi | CC, ESG | |||
Motor North America, Inc. |
Other Public Company Boards
3
3
John B. Furman *
78 | 2004 |
Former Senior Member of the law firm ofO'Connor, Cavanagh, Anderson, Killingsworth & Beshears
AC, CC, NCG **
0
Michael F. Golden *§§ 68 | 2004 |
Former President and CEO of a
predecessor of Smith & Wesson
Brands, Inc.
ESG**
1
Barry M. Monheit *
Robert L. Scott *§
Mark P. Smith
75 | 2004 |
76 | 2004 |
46 | 2020 |
Senior Managing Director of J.S. Held,
LLC
Former President of a predecessor of Smith & Wesson Brands, Inc.
President and CEO of Smith & WessonBrands, Inc.
- **, NCG
AC, NCG
-
1
0
0
Denis G. Suggs * | 56 | 2021 | CEO of LCP Transportation LLC | AC, NCG | 1 |
- = Independent Nominee; ** = Committee Chair; § = Chairman; §§ = Vice Chairman
AC = Audit Committee; CC = Compensation Committee; ESG = Environmental, Social, and Governance Committee; NCG = Nominations and Corporate Governance Committee
2022 Proxy Statement I 1
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Smith & Wesson Brands Inc. published this content on 03 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 August 2022 22:46:06 UTC.