Sportsman’s Warehouse Holdings, Inc. Appoints Steven W. Sansom to Its Board of Directors
September 19 2023 - 8:30AM
Sportsman’s Warehouse Holdings, Inc. (“Sportsman’s Warehouse” or
the “Company”) (Nasdaq: SPWH) announced today that Steven W. Sansom
has been appointed to the Company’s Board of Directors (the
“Board”), effective September 15, 2023. He will serve as a member
of the Board’s Compensation Committee.
“Steve is a tremendous addition to the Board,”
said Joseph Schneider, Interim CEO and Chairman of the Board. “He
brings decades of experience from his numerous roles as an
investor, board member and executive leader – and we are pleased to
welcome him to Sportsman’s Warehouse. Steve’s wide range of
skillsets across industries, including holding senior positions at
high-growth businesses in the logistics and real estate sectors, as
well as his capital allocation expertise gained in these roles,
further complements the strengths of the Board.”
Mr. Schneider continued, “Steve’s addition as a
director is part of our ongoing commitment to ensuring the Board
has the right mix of skills and perspectives that align with the
Company’s strategic objectives. We look forward to working
alongside Steve as we move to return the business to growth and
enhance long-term shareholder value. Putting a permanent CEO in
place is a critical part of achieving these goals, and we expect to
fill that position soon.”
On his appointment, Mr. Sansom said, “As an avid
outdoorsman, as well as a loyal Sportsman’s Warehouse customer, I
am honored and excited to be joining the organization and its
talented Board. I look forward to drawing on my skills and
experience in financial leadership and capital markets as the Board
continues to work collaboratively to advance the Company’s
value-creating strategy.”
Mr. Sansom is a corporate executive with over 30
years of experience in high-growth businesses. He has served as
founder and chairman of Steel Grove Capital Advisors and Steel
Grove Family Office in Memphis, Tennessee since September 2001. Mr.
Sansom was also a founder, principal and member of the board of
directors of Center Coast Capital Advisors, an independent investor
in United States mid-stream energy infrastructure assets, from
November 2007 until its merger with Brookfield Asset Management in
February 2018. Mr. Sansom also served as a vice president of
Goldman Sachs & Co. in New York, New York and Memphis,
Tennessee between August 1993 and September 2001. Mr. Sansom began
his career at Merrill Lynch Global Capital Markets in the
Institutional Equity Capital Markets Group in New York, New York
from August 1991 to September 1993. Mr. Sansom currently serves on
the Executive Advisory Board of Brown Brothers Harriman Capital
Partners, the middle markets private equity investment group at
Brown Brothers Harriman & Co. in New York, New York. Mr. Sansom
is a member of several additional boards of directors, including
the advisory board of Axxes Capital, a private markets investment
firm. He also previously served on Charles Schwab & Co.
Institutional Advisory Board in San Francisco, California.
Mr. Sansom holds a bachelor’s degree in business
from Millsaps College and also attended Harvard Business School’s
executive education program.
About Sportsman’s Warehouse Holdings,
Inc.
Sportsman’s Warehouse Holdings, Inc. is an
outdoor specialty retailer focused on meeting the needs of the
seasoned outdoor veteran, the first-time participant, and everyone
in between. We provide outstanding gear and exceptional service to
inspire outdoor memories.
For press releases and certain additional
information about the Company, visit the Investor Relations section
of the Company’s website at www.sportsmans.com.
Forward-Looking Statements
This press release includes forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of 1995
as contained in Section 27A of the Securities Act of 1933 and
Section 21E of the Securities Exchange Act of 1934. Forward-looking
statements in this release include, but are not limited to,
statements regarding the future growth of the Company and the
expectation to appoint a new Chief Executive Officer. Investors can
identify these statements by the fact that they use words such as
“continue”, “expect”, “may”, “opportunity”, “plan”, “future”,
“ahead” and similar terms and phrases. The Company cannot assure
investors that future developments affecting the Company will be
those that it has anticipated. Actual results may differ materially
from these expectations due to many factors including, but not
limited to: current and future government regulations relating to
the sale of firearms and ammunition, which may impact the supply
and demand for the Company’s products and ability to conduct its
business; the Company’s retail-based business model; general
economic, market and other conditions and changes in consumer
spending; the Company’s concentration of stores in the Western
United States; competition in the outdoor activities and specialty
retail market; changes in consumer demands; the Company’s expansion
into new markets and planned growth; the impact of COVID-19 on the
Company’s operations; and other factors that are set forth in the
Company's filings with the SEC, including under the caption “Risk
Factors” in the Company’s Form 10-K for the fiscal year ended
January 28, 2023 which was filed with the SEC on April 13, 2023,
and the Company’s other public filings made with the SEC and
available at www.sec.gov. If one or more of these risks or
uncertainties materialize, or if any of the Company’s assumptions
prove incorrect, the Company’s actual results may vary in material
respects from those projected in these forward-looking statements.
Any forward-looking statement made by the Company in this release
speaks only as of the date on which the Company makes it. Factors
or events that could cause the Company’s actual results to differ
may emerge from time to time, and it is not possible for the
Company to predict all of them. The Company undertakes no
obligation to publicly update any forward-looking statement,
whether as a result of new information, future developments or
otherwise, except as may be required by any applicable securities
laws.
Investor Contact:
Riley TimmerVice President, Investor Relations Sportsman’s
Warehouse(801) 304-2816investors@sportsmans.com
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