Ruger CEO Clarifies Result Of Stockholder Shenanigans

By Tom Knighton

Anti-gunners recently decided to try a new tactic. They purchased Ruger stock with the intention of trying to force the company to act in a manner they think is more responsible. To an extent, it worked. They were able to get enough muscle to force the company to issue a report about how the company tracks violence associated with its products.

Ruger’s CEO, Chris Killoy, had some amusing things to say about these shenanigans.

In an email exchange with Ruger, CFL received a copy of the company’s statement about this and it is direct:

“Please understand that Ruger was obligated by applicable law to include a shareholder’s activist resolution 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 …Read the Rest

Source:: Bearing Arms