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November 14, 2007 Smith & Wesson Signs CEO to New, Performance-Based ContractSmith & Wesson Holding Corp., parent company of Smith
& Wesson, has announced that it entered into a new employment agreement
with President and CEO Michael F. Golden, securing his continued service through
November 2010.
The new contract is performance focused, with performance-based cash bonuses, performance-based restricted stock units, and stock options with a strike price of $15, substantially above the current market price. “Since his arrival just three years ago, Mike has delivered on his commitment to grow the company’s core handgun business, to diversify the company, and to lead the company to new markets with new and existing products,” Chairman Barry M. Monheit said in a statement. “He developed the strategy and provided the leadership for its successful execution.” Golden became president, CEO and board member of Smith & Wesson Corp. in December 2004 to reposition the Company to be a global provider of products and services for the safety, security, protection and sport markets.
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