RPT-Limited engagement: Top funds backed gunmaker Ruger board despite no talks [Reuters (UK)]
Sturm, Ruger & Company, Inc. (RGR)
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Source: Reuters
RPT-Limited engagement: Top funds backed gunmaker Ruger board despite no talks | Reuters 5 Min Read (Repeats with no changes to headline or text) By Ross Kerber BOSTON, Aug 30 (Reuters) - Funds run by BlackRock Inc and Vanguard Group backed all directors at gunmaker Sturm Ruger & Co Inc despite the company’s rare rejection of talks with the world’s top asset managers, disclosures to regulators on Thursday showed. The votes by the gunmaker’s largest investors stood in contrast to support BlackRock and Vanguard gave to a measure calling on Sturm Ruger to report on the safety of its products, which passed over the board’s objections at the company’s annual meeting on May 9. Neither BlackRock nor Vanguard would discuss in detail their votes at the meeting. It drew attention amid a nationwide youth-led gun control movement following a mass shooting at a Florida high school in February that killed 17 people, one in a decades-long series of shootings at U.S. schools, colleges and workplaces.
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News
- Sturm, Ruger & Company, Inc. to Report First Quarter 2024 Financial Results on Tuesday, May 7Business Wire
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- Shareholders in Sturm Ruger (NYSE:RGR) are in the red if they invested three years ago [Yahoo! Finance]Yahoo! Finance
- Chicago Sues Glock—Blaming Gun Design For City's Gun Violence [Forbes]Forbes
- SCHD's Reconstitution Adds Too Many Stocks With Mediocre Quant Ratings [Seeking Alpha]Seeking Alpha
RGR
Sec Filings
- 4/17/24 - Form DEFA14A
- 4/17/24 - Form DEF
- 4/9/24 - Form 4
- RGR's page on the SEC website