Ruger (NYSE: RGR) appoints Andrew Wieland CFO as Tom Dineen steps down
Rhea-AI Filing Summary
Sturm, Ruger & Company, Inc. is implementing a planned transition in its top finance role. Long‑time Chief Financial Officer Tom Dineen will step down as CFO on March 31, 2026, and remain with the company until April 30, 2026 to support the handover.
Effective April 1, 2026, Andrew T. Wieland will become Senior Vice President and Chief Financial Officer. He brings extensive manufacturing‑focused finance and planning experience from multiple leadership positions at Eaton Corporation, including vice president of finance and controller roles.
The company will enter into its customary executive Severance Agreement with Mr. Wieland, which provides severance benefits under specified termination and change‑in‑control scenarios and automatically renews annually unless notice is given. Ruger describes the move as part of a long‑term, planned transition aligned with its 2030 plan and long‑term financial priorities.
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Insights
Planned CFO transition with standard severance terms appears orderly and strategic.
The company is moving from a long‑tenured CFO to a successor with deep manufacturing and planning experience. The transition is explicitly described as long‑term and planned, with overlap through April 2026 to preserve continuity.
Mr. Wieland’s background at Eaton in multi‑site, manufacturing‑focused finance fits Ruger’s industrial profile and its 2030 plan emphasis. The use of a customary executive Severance Agreement with change‑in‑control protections is typical for public‑company officers and does not, by itself, signal a shift in financial policy.
There is no indication of disputes or related‑party concerns; the company notes no arrangements, family relationships, or material related‑party interests tied to the appointment. Subsequent periodic filings may provide more detail on Mr. Wieland’s compensation structure and how his leadership aligns with Ruger’s long‑term capital allocation approach.
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| Item 5.02 | Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
Transition of Chief Financial Officer Role; Severance Agreement
On March 31, 2026, Thomas A. Dineen will step down from his role as Chief Financial Officer of Sturm, Ruger & Company, Inc. (the “Company”). On April 1, 2026, Andrew T. Wieland will succeed Mr. Dineen as Chief Financial Officer of the Company and will also become a Senior Vice President of the Company.
Mr. Wieland, 40, has served as Vice President of Finance and Controller of Eaton Electrical Sector Americas: Assemblies and Residential Solutions Group, a division of Eaton Corporation, since June 2023. Prior to that, Mr. Wieland served as Finance Director and Division Controller, Eaton Aerospace Group, Fuel and Motion Controls Division, a division of Eaton Corporation, from January 2020 until May 2023.
There were no arrangements or understandings between Mr. Wieland and any other person pursuant to which Mr. Wieland was selected as Chief Financial Officer of the Company and as a Senior Vice President of the Company and there are no family relationships between Mr. Wieland and any director or executive officer of the Company. Mr. Wieland has no direct or indirect material interest in any related party transaction required to be disclosed under Item 404(a) of Regulation S-K.
In connection with Mr. Wieland’s appointment, the Company and Mr. Wieland will enter into the Company’s customary Severance Agreement (the “Wieland Agreement”) that it uses for its executives, effective as of April 1, 2026. The Wieland Agreement is not an employment contract and does not specify an employment term, compensation levels or other terms or conditions of employment.
The Wieland Agreement provides for severance benefits, if, during its term (i) prior to the occurrence of a Change in Control (as defined therein), the Company terminates the employment of Mr. Wieland without Cause (as defined therein) or Mr. Wieland terminates his employment for Good Reason (as defined therein); or (ii) within 24 months after the effective date of a Change in Control, the Company terminates the employment of Mr. Wieland without Cause or Mr. Wieland terminates his employment for Good Reason.
The Wieland Agreement provides for severance benefits consisting of the following primary components:
| · | if, prior to the occurrence of a Change in Control, the Company terminates the employment of Mr. Wieland without Cause or Mr. Wieland terminates his employment for Good Reason, (i) Mr. Wieland shall be entitled to a lump sum cash payment equal to 18 months of Base Annual Salary (as defined therein); (ii) the prorated portion of Mr. Wieland’s then-outstanding Retention Restricted Stock Unit Awards and Performance Restricted Stock Unit Awards shall vest and be paid in accordance with their terms; and (iii) Mr. Wieland shall be entitled to continued medical insurance benefits for the period not to exceed 18 months from the date his employment with the Company terminates; or |
| · | if, within 24 months after the effective date of a Change in Control, the Company terminates the employment of Mr. Wieland without Cause or Mr. Wieland terminates his employment for Good Reason, (i) Mr. Wieland shall be entitled to a lump sum cash payment equal to 24 months of his Annual Compensation (as defined therein); (ii) Mr. Wieland’s then-outstanding Retention Restricted Stock Unit Awards and Performance Restricted Stock Unit Awards shall fully vest and be paid in a lump sum equal to the cash value of the subject vested shares of Common Stock as of the effective date of such Change in Control; and (iii) Mr. Wieland shall be entitled to continued medical insurance benefits for the period not to exceed 24 months from the date his employment with the Company terminates. |
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The Wieland Agreement has a one-year term, subject to automatic extension for additional one-year periods on each anniversary of the date it was entered into by the parties unless (i) Mr. Wieland gives notice of his intent to terminate his employment, or otherwise terminates his employment, before such date or (ii) the Company gives written notice to Mr. Wieland of the termination of such automatic extensions at least 360 days prior to such date.
The foregoing description of the Wieland Agreement is qualified in its entirety by reference to the complete terms and conditions of the Wieland Agreement, which is attached hereto as Exhibit 10.1 to this Current Report on Form 8-K and incorporated herein by reference.
| Item 8.01 | Other Events |
On March 27, 2026, the Company issued a press release announcing the appointment of Mr. Wieland as the Company’s next Chief Financial Officer and as a Senior Vice President of the Company. A copy of the press release is furnished as Exhibit 99.1 to this Current Report on Form 8-K and incorporated herein by reference.
| Item 9.01 | Financial Statements and Exhibits |
| Exhibit No. | Description |
| 10.1 | Severance Agreement, dated as of April 1, 2026, by and between Sturm, Ruger & Company, Inc. and Andrew T. Wieland. |
| 99.1 | Press release issued March 27, 2026. |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
| STURM, RUGER & COMPANY, INC. | |||
| By: | /S/ Sarah Colbert | ||
| Name: | Sarah Colbert | ||
| Title: | Senior Vice President, | ||
| Corporate Secretary and | |||
| General Counsel | |||
Dated: March 27, 2026
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FOR RELEASE: March 27, 2026
For further information, contact:
Rob Werkmeister, Sr. Vice President of Marketing and Customer Experience
rwerkmeister@ruger.com
Ruger Appoints New Senior Vice President & Chief Financial Officer
Andrew Wieland Joins Ruger After Long-Term Planned Transition of Existing CFO Tom Dineen
Mayodan, NC – Sturm, Ruger & Company, Inc. (NYSE: RGR) is proud to announce the appointment of Andrew Wieland as Senior Vice President and Chief Financial Officer, following the planned transition of Tom Dineen.
In this role, Mr. Wieland will lead all financial operations, including forecasting, corporate budgeting, financial reporting and evaluation of potential investment opportunities. This leadership position is central to the continued execution of Ruger’s long-term priorities and 2030 plan.
Mr. Wieland brings extensive experience in financial leadership, long-range financial planning and manufacturing-focused finance from his tenure at Eaton Corporation, a publicly traded multi-national power management company. He most recently served as Vice President of Finance and Controller of Eaton Electrical Sector Americas: Assemblies and Residential Solutions Group.
Throughout his career, he has led major forecasting and planning processes, including financial outlooks, annual profit plans and long-term strategic plans across multi-site, complex divisions. His work supported growth through manufacturing capacity expansion, strengthening core financial operations and enhanced operational decision-making. Mr. Wieland has also championed several finance transformation initiatives, modernizing planning systems, strengthening financial controls and driving process improvements that increased efficiency. He has consistently demonstrated an ability to align financial strategy with organizational needs in dynamic and fast-growing business environments.
“Andrew’s experience driving financial discipline, strengthening manufacturing output and leading strategic financial planning makes him an exceptional fit for Ruger’s future,” said Todd Seyfert, President & CEO. “He brings the combination of financial clarity, operational insight and leadership focus we need as we continue to grow, innovate and deliver value to our employees, customers and shareholders.”
This appointment reflects Ruger’s continued investment in long-term financial strength, agile responsiveness and operational excellence under Mr. Seyfert’s leadership. Mr. Wieland will play an important role in strengthening Ruger’s financial foundation and supporting the Company’s commitment to sustainable growth.
Ruger would also like to extend its sincere gratitude to Tom Dineen for his many years of dedicated leadership and financial stewardship. This planned transition follows a long and meaningful career with the Company, beginning in 1997 and including his service as Chief Financial Officer since 2003 and as Vice President, CFO and Treasurer since 2006.
“Tom’s contributions have been instrumental in strengthening the Company’s financial foundation, establishing our disciplined approach to capital allocation and supporting Ruger’s growth,” said Todd Seyfert. “We are grateful for his leadership over the last three decades and wish him the very best in his next chapter.”
Mr. Dineen will step down from his role on March 31, 2026, and will remain with the Company until April 30, 2026. The Company thanks Mr. Dineen for his service and remains focused on ensuring a seamless transition and continued financial strength.
About Ruger Firearms
Sturm, Ruger & Co., Inc. is one of the nation's leading manufacturers of rugged, reliable firearms for the commercial sporting market. With products made in America, Ruger offers consumers almost 800 variations of more than 40 product lines, across the Ruger, Marlin and Glenfield brands. For over 75 years, Sturm, Ruger & Co., Inc. has been a model of corporate and community responsibility. Our motto, "Arms Makers for Responsible Citizens®," echoes our commitment to these principles as we work hard to deliver quality and innovative firearms.
Forward-Looking Statements
The Company may, from time to time, make forward-looking statements and projections concerning future expectations. Such statements are based on current expectations and are subject to certain qualifying risks and uncertainties, such as market demand, sales levels of firearms, anticipated castings sales and earnings, the need for external financing for operations or capital expenditures, the results of pending litigation against the Company, the impact of future firearms control and environmental legislation, and accounting estimates, any one or more of which could cause actual results to differ materially from those projected. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to publish revised forward-looking statements to reflect events or circumstances after the date such forward-looking statements are made or to reflect the occurrence of subsequent unanticipated events.
FAQ
What executive leadership change did Sturm, Ruger & Company (RGR) disclose?
Who is Andrew T. Wieland, the new CFO of Sturm, Ruger & Company (RGR)?
When will Tom Dineen fully leave his role at Sturm, Ruger & Company (RGR)?
Does the new CFO of Sturm, Ruger & Company (RGR) have any related‑party or family ties to insiders?
What severance protections will Andrew Wieland receive as CFO of Sturm, Ruger & Company (RGR)?
How long does Andrew Wieland’s Severance Agreement with Sturm, Ruger & Company (RGR) last?
Filing Exhibits & Attachments
6 documentsPress Releases
Agreements & Contracts
