Sturm Ruger Shareholders Adopt Measure Backed by Gun Safety Activists [The New York Times]
AMERICAN OUTDOOR BRANDS CORP (AOBC)
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Source: The New York Times
Now, Ruger must produce a report by February that addresses how it tracks violence associated with its firearms, what kind of research it is conducting related to so-called smart gun technology (such as using thumbprint readers, like those used on smartphones) and its assessment of the risks that gun-related crimes pose to the company’s reputation and finances. Two years ago, members of the advocacy group, which includes the Sisters of the Holy Names of Jesus and Mary of Marylhurst, Ore., purchased shares in Ruger; American Outdoor Brands, the owner of Smith and Wesson; and Dick’s Sporting Goods, hoping to influence the companies’ attitudes toward gun safety. Their proposal on Wednesday was backed by a majority of shareholders, including the asset manager BlackRock, Ruger’s largest investor. “The American public will continue to seek solutions to gun violence from all stakeholders, but they will look first to hold gun manufacturers accountable for the safety of their products,”
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