Charles "Mask" Lewis, the 45-year-old co-founder of the TapouT apparel company, died when he lost control of his Ferrari and hit a lamp pole. Lewis was pronounced dead at the scene. In a statement on its Web site, TapouT said, "It is with heavy hearts and great sadness that we must regretfully confirm the passing of our beloved friend, brother and co-founder Charles 'Mask' Lewis following a car accident that occurred last night. ... Many thanks to all for the outpouring of blessings and well-wishes during this incredibly difficult time." The Los Angeles Times reported that a Newport Beach Police Department officer witnessed the crash and saw Lewis' red Ferrari and a white Porsche spinning out of control just before 1 a.m. Wednesday. The Ferrari then hit the curb and collided into a pole. "It was terrible," Newport Beach Lt. Craig Fox told the Times. "It was extensive damage to the vehicle." A woman in the Ferrari was ejected from the vehicle and was in stable condition at a local hospital. Police haven't determined if she was the driver or passenger of the Ferrari, according to the Times. Police later arrested the driver of the Porsche, Jeffrey David Kirby, and charged him with gross vehicular manslaughter. He was being held on $1 million bail. There was a 50-mph limit on the road, but police believe both cars were traveling well above that limit, according to a report on KTLA.com. The Web site also reported that Lewis' car appeared to be a Ferrari 599 GTB Fiorano, which can reach a top speed of 205 mph and carries a price tag around $300,000. Lewis and Dan "Punkass" Caldwell founded TapouT in 1997 as a clothing and MMA gear retailer. In addition to retail, the private company also signed deals with fighters, including Kimbo Slice, and is a sponsor of fight events.