Vista Outdoor Interim chief executive officer Michael Callahan will rake in an annual salary of $800,000 while filling in for former boss Mark DeYoung, according to recent filings with the Securities and Exchange Commission.
“Vista Outdoor is the culmination of a vision focused on creating a world-leading outdoor recreation company,” he said. “It has been a rewarding experience to have led this great company and seen the organization evolve and succeed. I am proud of Vista Outdoor’s people, brands, portfolio and products, and I am confident in Vista Outdoor’s future. I wish the Company’s valued employees and customers all the best.”
Vista’s board of directors elected Callahan, the company’s lead independent director, to assume DeYoung’s position while conducting a search for a permanent replacement.
“Vista Outdoor is well positioned to capitalize on the significant growth opportunities in the outdoor recreation industry, and the Board and I are excited about our future,” he said earlier this month.
According to a SEC filing dated July 14, Callahan will collect an $800,000 annual salary, a $400,000 bonus and stock holdings worth $110,000. He will remain on the board of directors, however, will no longer collect compensation for his role.