Johnson Outdoors Inc. (NASDAQ:JOUT) Files An 8-K Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain OfficersItem 5.02.
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
Effective December 4, 2018 and upon recommendation from the Nominating and Corporate Governance Committee of the Board of Directors of Johnson Outdoors Inc. (“the Company”), the Company's Board of Directors appointed Mr. William D. Perez as a director of the Company. Mr. Perez is an independent director under the applicable standards of the NASDAQ Stock Market. Mr. Perez has not been appointed to any committee of the Board of Directors at this time. Mr. Pererz was not appointed to the Board as a result of any arrangement or understanding between him and any other person. to the terms of the Johnson Outdoors Inc. 2012 Non-Employee Director Stock Ownership Plan, effective with his appointment, Mr. Perez was awarded shares of restricted stock having an award value approximating $70,000 on the grant date. These shares of restricted stock all vest on the one year anniversary of the grant date.
There are no transactions between Mr. Perez and the Company that would require disclosure under Item 404(a) of Regulation S-K.
About Johnson Outdoors Inc. (NASDAQ:JOUT)
Johnson Outdoors Inc. is a manufacturer and marketer of branded seasonal, outdoor recreation products. The Company operates through four segments: Marine Electronics, Outdoor Equipment, Watercraft and Diving. Its Marine Electronics segment’s brands are Minn Kota, Humminbird and Cannon. Its Outdoor Equipment segment’s brands are Eureka!, Jetboil and Silva. Its Watercraft segment designs and markets Necky sea touring kayaks; sit on top Ocean Kayaks, and Old Town canoes and kayaks for family recreation, touring, angling and tripping. The Company manufactures and markets underwater diving products for recreational divers, which it sells and distributes under the SCUBAPRO brand name. It markets a line of underwater diving and snorkeling equipment, including regulators, buoyancy compensators, dive computers and gauges, wetsuits, masks, fins, snorkels and accessories. The Company’s products are used for fishing from a boat, diving, paddling, hiking and camping.
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