This story was updated to correct Jason Vanderbrink’s job title. Vanderbrink is the CEO of The Kinetic Group and the co-CEO of Vista Outdoor.
Two more executives leading the strategic review at Vista Outdoor will receive bonuses upon the completion of the review, this time in the amount of $1.2 million, according to documents filed with the SEC.
Eric Nyman, the CEO of Revelyst, and Jason Vanderbrink, the CEO of The Kinetic Group, were granted the awards on Sept. 6. Revelyst is the outdoor branch of the company and The Kinetic Group is its ammunition branch.
“The awards are payable on completion of a strategic alternative, subject to the executive’s continued employment through such date,” reads the memo filed with the SEC.
The strategic review is exploring two offers, one from MNC Capital to acquire the company outright, and another from Czechoslovak Group (CSG) to acquire The Kinetic Group.
Four other executives were granted bonuses of $500,000 to complete the strategic review earlier this year.
It’s been a long road for Vista Outdoor, which has evaluated its options to separate the two sides of the business for two years. Read our guide to Vista Outdoor’s long, tortured sale saga here.
The shareholder vote on the matter has been delayed to Sept. 27.
