Clarus Corporation Terminates Employment with John Walbrecht, President

On March 31, 2023, Clarus Corporation and John Walbrecht, the Company's President, mutually agreed to terminate Mr. Walbrecht's employment with the Company pursuant to the Employment Agreement dated as of January 1, 2021, between the Company and Mr. Walbrecht and entered into a Separation Agreement and General Release dated as of March 31, 2023 (the “Separation Agreement”).