On July 20, 2023, Vista Outdoor Inc. appointed Eric Nyman, age 50, to serve as Chief Executive Officer of the Outdoor Products segment of the Company (?Outdoor Products?), effective as of August 21, 2023. Mr. Nyman, who has more than 30 years in the consumer products industry, joins the Company from Hasbro Inc. (?Hasbro?), where he most recently served as President and Chief Operating Officer. Mr. Nyman joined Hasbro in 2003 and prior to his role as President and Chief Operating Officer served as Chief Consumer Officer and Chief Operating Officer of Hasbro Consumer Products, President of Hasbro North America and General Manager and Senior Vice President of Marketing.

As President and Chief Operating Officer of Hasbro, Mr. Nyman was responsible for all aspects of Hasbro?s business, including innovation, e-commerce, operations, media and marketing, strategic planning and organizational culture and leadership. Mr. Nyman?s time at Hasbro supported significant value creation driven by e-commerce and consumer direct transformation, integration of digital technology into traditional consumer products, media partnerships and global brand building. Mr. Nyman also has experience in the outdoor industry, serving in brand management and marketing roles for outdoor apparel and footwear brand Timberland.

Mr. Nyman currently serves on the Virginia Wesleyan University Board of Trustees and previously sat on the Board of the Roger Williams Park Historical Foundation. The Company previously announced on April 27, 2023, that Frances P. Philip would not stand for re-election as a director at the Company?s 2023 annual meeting of stockholders. In connection therewith, the Board approved the reduction of the size of the Board to eight members, effective upon Ms. Philip?s departure.

On July 20, 2023, the Board approved an increase in the size of the Board from eight directors to ten directors and the appointment of Eric Nyman and Jason Vanderbrink to fill the newly created vacancies, effective in each case as of August 21, 2023. The Board selected Mr. Nyman to serve as a director due to his extensive public company, business leadership and management experience in the consumer products industry, and in recognition of Mr. Nyman being selected by the Board to lead the Outdoor Products company after the Spin-Off. The Board selected Mr. Vanderbrink to serve as a director due to his extensive public company, business leadership and management experience in the ammunition industry, and in recognition of Mr. Vanderbrink being selected by the Board to lead the Sporting Products company after the Spin-Off.

Prior to being appointed Chief Executive Officer of Sporting Products in 2023 and President of Ammunition in 2017, Mr. Vanderbrink, 45, served as the Company?s Senior Vice President of Sales for all the Company?s brands. Prior to this role, he served as the Company?s Vice President, Sales from 2005 to 2017. Mr. Vanderbrink has more than 20 years of increasing leadership experience in the outdoor industry, including five years with The Cullerton Company from 2000 to 2005.

Mr. Vanderbrink currently serves on the National Shooting Sports Foundation?s (NSSF) Board of Governors. Each of Mr. Nyman and Mr. Vanderbrink will serve as a director until the Company?s 2024 annual meeting of stockholders and until their respective successors have been duly elected and qualified.