Activists Again Target Ruger Through Shareholder Meetings

By Tom Knighton

Image via Pixabay

Publicly traded companies have a problem. As part of being publicly traded, there are things they have to do. These things generally make sense when you consider the history of how some companies operated before these laws were enacted.

Unfortunately, some of these things are now benefiting anti-gun activists looking to try and undermine the Second Amendment in other ways.

Sturm, Ruger has been targetted in the past by these activists, and it looks like they will be again.

America’s largest gunmaker, Sturm, Ruger (NYSE:RGR) is once again the target of activist investors who want to express dissatisfaction with management’s response to last year’s shareholder ballot initiative that required Ruger to report on the risks facing its business.

A second bite at the apple

Activists won a shareholder proposal demanding that Ruger monitor violent crimes using its firearms, examine so-called smart gun technology, and assess the risks gun violence may be causing to both Ruger’s reputation and its finances.

Because the shareholders’ meeting occurred shortly after the February 2018 Parkland school shooting in Florida and emotions were still raw, the activists were able to secure almost 70% of the votes cast in favor of the …Read the Rest

Source:: Bearing Arms