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Clarus Corp. – ‘8-K’ for 8/19/22

On:  Monday, 8/22/22, at 4:15pm ET   ·   For:  8/19/22   ·   Accession #:  1104659-22-93363   ·   File #:  1-34767

Previous ‘8-K’:  ‘8-K’ on / for 8/1/22   ·   Next:  ‘8-K’ on 10/4/22 for 9/30/22   ·   Latest:  ‘8-K/A’ on 3/12/24 for 3/11/24   ·   1 Reference:  By:  Clarus Corp. – ‘10-Q’ on 11/7/22 for 9/30/22

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  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 8/22/22  Clarus Corp.                      8-K:8,9     8/19/22   12:212K                                   Toppan Merrill/FA

Current Report   —   Form 8-K

Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 8-K         Current Report                                      HTML     29K 
 2: EX-99.1     Miscellaneous Exhibit                               HTML     11K 
 3: EX-99.2     Miscellaneous Exhibit                               HTML     11K 
 7: R1          Cover                                               HTML     46K 
10: XML         IDEA XML File -- Filing Summary                      XML     12K 
 8: XML         XBRL Instance -- tm2224281d1_8k_htm                  XML     15K 
 9: EXCEL       IDEA Workbook of Financial Reports                  XLSX      8K 
 5: EX-101.LAB  XBRL Labels -- clar-20220819_lab                     XML     97K 
 6: EX-101.PRE  XBRL Presentations -- clar-20220819_pre              XML     64K 
 4: EX-101.SCH  XBRL Schema -- clar-20220819                         XSD     12K 
11: JSON        XBRL Instance as JSON Data -- MetaLinks               25±    33K 
12: ZIP         XBRL Zipped Folder -- 0001104659-22-093363-xbrl      Zip     21K 


‘8-K’   —   Current Report


This is an HTML Document rendered as filed.  [ Alternative Formats ]



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United States

Securities and Exchange Commission

Washington, D.C. 20549

 

Form  i 8-K

Current Report

 

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported):  i August 19, 2022

 

 i CLARUS CORPORATION

(Exact name of registrant as specified in its charter)

 

 i Delaware

(State or other jurisdiction

of incorporation)

 i 001-34767

(Commission File Number)

 i 58-1972600

(IRS Employer

Identification Number)

 

 i 2084 East 3900 South,  i Salt Lake City,  i Utah

(Address of principal executive offices)

 i 84124

(Zip Code)

 

Registrant’s telephone number, including area code: ( i 801)  i 278-5552

 

N/A

(Former name or former address, if changed since last report.)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

 

 i ¨Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

 i ¨Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

 i ¨Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

 i ¨Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol   Name of each exchange on which
registered
 i Common Stock, par value $.0001 per share    i CLAR    i NASDAQ Global Select Market

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

   i ¨ Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.   ¨

 

 

 

 C: 

 

 

Item 8.01 Other Events.

 

On August 19, 2022, the Company delivered letters (each, a “Letter” and collectively, the “Letters”) to each of Greenhouse Funds LLLP and its affiliates (collectively, “Greenhouse”) and Brown Advisory Incorporated and its affiliates (collectively, “Brown”) approving their respective requests to be permitted under the Company’s Rights Agreement dated as of February 12, 2008 to increase their respective beneficial ownership to in excess of 9.9% of the Company’s outstanding shares of common stock. Such approval is conditioned upon, and subject to each of Greenhouse and Brown: (i) not increasing its respective beneficial ownership to in excess of 12.5% of the Company’s outstanding shares of common stock; (ii) remaining continuously eligible to report its respective beneficial ownership of the Company’s common stock on Schedule 13G; and (iii) increasing its respective beneficial ownership to in excess of 9.9% of the Company’s outstanding shares of common stock, if at all, on or before the twelve month anniversary of the date of each Letter.

 

Furthermore, in the event that Greenhouse or Brown reduces its respective beneficial ownership to below 9.9%, the approval granted pursuant to the respective Letters shall immediately terminate and Greenhouse or Brown, as applicable, would need to obtain a new approval from the Company’s Board of Directors before seeking to again increase its respective beneficial ownership to in excess of 9.9% of the Company’s outstanding shares of common stock.

 

Copies of the Letters are attached to this Current Report on Form 8-K as Exhibits 99.1 and 99.2, respectively, and are incorporated herein by reference as if fully set forth herein. The foregoing summary description of the Letters is not intended to be complete and is qualified in its entirety by the complete text of the Letters.

 

Item 9.01. Financial Statements and Exhibits

 

(d) Exhibits.

 

Exhibit Description
99.1 Letter to Greenhouse Funds LLLP dated August 19, 2022.
99.2 Letter to Brown Advisory Incorporated dated August 19, 2022.
104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

 

 C: 

 

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Company has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Dated: August 22, 2022

 

  CLARUS CORPORATION
   
   
  By: /s/ Michael J. Yates
  Name: Michael J. Yates
  Title:   Chief Financial Officer  

 

 C: 

 

 

 C: 

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘8-K’ Filing    Date    Other Filings
Filed on:8/22/22
For Period end:8/19/224
2/12/088-A12G,  8-K
 List all Filings 


1 Subsequent Filing that References this Filing

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

11/07/22  Clarus Corp.                      10-Q        9/30/22   88:16M                                    Toppan Merrill/FA
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