Wolverine’s Debt Ratings Outlook Downgraded To Negative

Moody’s Investors Service changed Wolverine World Wide, Inc.’s debt-ratings outlook to negative from stable. The change in outlook to negative from stable reflects the risk that leverage may remain elevated for a prolonged period given the more promotional retail environment, lower consumer discretionary spending, and unfavorable foreign currency trends.

Newell Brands Adds Board Member

Newell Brands reported that Stephanie Stahl was elected to its Board of Directors effective January 1, 2023. With her appointment, the size of its Board increases from ten members to eleven.

Outdoor Research Hires Vice President, E-commerce

Outdoor Research hired Sarah Seifert as VP of E-commerce, effective immediately. Seifert brings more than a decade of leadership in e-commerce and digital marketing with an extensive background in outdoor recreation markets.

Sturm Ruger Declares Special Dividend

Sturm Ruger & Company, Inc. announced that its Board of Directors declared a special dividend of $5.00 per share for stockholders of record as of December 15, 2022, payable on January 5, 2023.