Research Reports

Key takeaways

CFO Thomas E. Kirn's base salary increased to $650,000 with a target annual bonus of 100% of salary and annual target PSU grants of 40,000 units.

Chief Administrative and Legal Officer Lindsey J. Christen's base salary increased to $700,000 with a target annual bonus of 100% of salary and annual target PSU grants of 50,000 units.

Both executives' employment agreements were amended effective January 1, 2026, with terms ending March 31, 2029 (Kirn) and December 31, 2028 (Christen), featuring automatic annual renewals.

The Compensation Committee approved specific 2026 PSU awards for both executives, with vesting contingent on Adjusted EBITDA performance for fiscal year 2026.

Severance terms were updated, providing for accelerated equity vesting, COBRA benefits, and cash payments upon termination without cause or for good reason.

Full analysis

The Compensation Committee of Camping World Holdings, Inc. approved second amended and restated employment agreements for two key executives, CFO Thomas E. Kirn and Chief Administrative and Legal Officer Lindsey J. Christen, superseding prior agreements effective January 1, 2026. These amendments represent a formalization of compensation structures with increased base salaries and clarified equity incentive targets. The agreements establish multi-year terms with automatic renewal provisions, providing stability in executive leadership. The concurrent approval of specific 2026 performance stock unit awards, tied to Adjusted EBITDA performance for the fiscal year, aligns executive compensation directly with a key financial metric. The updated severance provisions, including accelerated equity vesting and extended benefits, reflect competitive retention practices for senior management roles.

CWH · Camping World Holdings, Inc.

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Key takeaways

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