No Changes to Ruger Firearms Manufacturing, Despite Shareholder Proposal
By Ammoland
USA – -(Ammoland.com)- At the recent Annual Meeting of the Ruger Stockholders, a shareholder’s activist proposal – a thinly disguised call for gun control – was passed despite a recommendation against passage from the Ruger Board of Directors. Below is Ruger’s formal response to the resolution.
Please understand that Ruger was obligated by applicable law to include a shareholder’s activist resolution [, to track and report on gun violence,] with its proxy materials for a shareholder vote.
With its passage, the proposal requires Ruger to prepare a report. That’s it. A report. What the proposal does not do . . . and cannot do . . . is force us to change our business, which is lawful and constitutionally protected. What it does not do . . . and cannot do . . . is force us to adopt misguided principles created by groups who do not own guns, know nothing about our business, and frankly would rather see us out of business.
As our CEO explained, “we are Americans who work together to produce rugged, reliable, innovative and affordable firearms for responsible citizens. …Read the Rest
Source:: AmmoLand
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