Sturm, Ruger Shareholders Pass Vote Requiring Report on Safety
A majority of shares approved a proposal that will require the company’s board to report by Feb. 8, 2019 on RGR’s efforts to develop more safety features in its guns and assess the reputational risk that the company faces as a result of manufacturing firearms. RGR declined to specify what percentage of shares favored the proposal at the meeting, though it will be filed in the 10-K, but a number of investors who have been urging the gun industry to modify its opposition to more gun measures, including Black Rock (16.9%) and Vanguard (9.5%), have indicated their support for more ... Log in to view full article.