Subsequent Events

3 Months Ended

Mar. 28, 2026

Subsequent Events [Abstract]

SUBSEQUENT EVENTS

NOTE 15 - SUBSEQUENT EVENTS

On April 30, 2026, the Board of Directors authorized a dividend of 11¢ per share, for stockholders of record as of May 14, 2026, payable on May 29, 2026.

On May 1, 2026, the Company and Beretta Holding S.A. (“Beretta”) entered into that certain Agreement (the “Beretta Agreement”), concerning, amongst other things, Company board representation, a tender offer to be launched by Beretta for Company Common Stock, potential future commercial collaboration between Beretta and the Company, certain regulatory matters, certain amendments to the Rights Plan, voting commitments to be undertaken by Beretta, and certain other matters. The foregoing summary of the Beretta Agreement is qualified in its entirety by the Beretta Agreement, which is attached as Exhibit 10.1 to the Form 10-Q.

The Company has evaluated events and transactions occurring subsequent to March 28, 2026 and determined that there were no other unreported events or transactions that would have a material impact on the Company’s results of operations or financial position.