Summary of GANDER MOUNTAIN CO

Change in Directors or Principal Officers, Financial Statements and Exhibits

Item 5.02. Departure of Directors or Certain Officers;
Election of Directors; Appointment of Certain Officers; Compensatory Arrangement of Certain Officers.

Mark R. Baker, who served as our president and chief executive officer, as well as a member of our board of directors, resigned from all of the positions he held with our company on September 8, 2008. Mr. Baker has agreed to remain as an employee of our company during a transition period ending on September 30, 2008.

David C. Pratt, age 64 and the chairman of our board of directors, has been appointed as our chief executive officer, on an interim basis, effective September 8, 2008. Mr. Pratt will continue to serve as the chairman of our board of directors, but has resigned from the compensation and governance and nominating committees of our board.

Additional information regarding Mr. Pratt's business experience and certain transactions with our company in which Mr. Pratt has a direct or indirect material interest is set forth in the Proxy Statement for our 2008 annual meeting of shareholders, as filed with the SEC on May 13, 2008, under the captions "Election of Directors" and "Certain Relationships and Related Person Transactions" and is incorporated by reference into this Item 5.02. Additional information regarding a recent financing transaction between our company and an entity affiliated with Mr. Pratt is set forth in Note 3 to the unaudited consolidated financial statements included in our Quarterly Report on Form 10-Q for the quarterly period ended May 3, 2008, as filed with the SEC on June 17, 2008, and is incorporated by reference into this Item 5.02.

A copy of the press release announcing Mr. Baker's resignation and Mr. Pratt's appointment is furnished as Exhibit 99 to this Current Report on Form 8-K.