Smith & Wesson Holding Corp extends CEO contract for three years

23 Feb '06

2 min read

Smith & Wesson Holding Corporation, the legendary 154-year-old company in the global business of safety, security, protection and sport, has entered into a revised employment agreement with its President and CEO, Michael Golden, securing his continued service for at least an additional three years.

The prior agreement with Golden was due to expire in December 2006.

Golden became President and CEO and a member of the Board of Directors of Smith & Wesson in December 2004 to reposition the company as a global provider of products and services for the safety, security, protection and sport markets by delivering profitable growth in the core handgun business and diversifying into new markets with new products.

Barry Monheit, Chairman of the company's Board of Directors, commented, "Since his arrival in 2004, Mike has delivered on his commitment to grow our core handgun business, to diversify the company and to lead the company into new markets with new and existing products. He has developed a strategy for the organization and provided leadership for the successful execution of that strategy. As a result, the company has won four military contracts in the past year, representing an unprecedented level of sales into a new market for Smith & Wesson.”

“The company has also begun to diversify and recently entered the market for long guns with the debut of a Smith & Wesson tactical rifle earlier this month. We believe these accomplishments, as well as others that Mike and his team will make in the future, will provide a basis for ongoing growth and diversification. We look forward to Mike's continuing leadership for another three years."

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