Home business Smith & Wesson lose battles with nuns and other shareholders about the...

Smith & Wesson lose battles with nuns and other shareholders about the proposal for an arms security

Sister Judy Byron, who presented the proposal on behalf of the 11 shareholder groups that supported it, said the step could be crucial for the company's survival. Recent mass shootings in the United States have implicated American Outdoor Brands products, she said, exposing the company and shareholders to boycotts, protests and negative publicity. American Outdoor Brands, she said, "is obliged to help find these solutions."

The company refused to respond to questions from other shareholders about the proposal after the vote.

In a statement after the meeting, Byron said: "Not only can these solutions help save lives, they can also help AOBC's long-term prospects in the process, and we are delighted that so many of our co-shareholders today have supported our resolution."

The religious groups got a boost this year from large fund companies such as BlackRock, who have chosen Sturm Ruger and have issued 2.8 million shares in favor of the proposal. BlackRock and Vanguard are the largest shareholders of Sturm Ruger and American Outdoor on account of their large index fund activities.

Important voting advisers for shareholder Institutional Shareholder Services and Glass Lewis also supported the passage of the proposal.


Must Read

Brunei calls for tolerance for the death penalty against homosexuals | TIME ONLINE

The sultanate Brunei has defended the internationally heavily criticized introduction of the death penalty against homosexuals in a letter to the European Parliament. The...

The rise of Ariana Grande from pop star to invincible heroine

The donut-licking incident looks like a lifetime. Remember it? In 2015, she became an unassailable heroine. Before becoming the first artist since the Beatles, who...

Panasonic Has Major Falling Out With Key Partner – channelnews

Panasonic has found themselves in the cross hairs of a major partner. The rift started with reports that Tesla and Panasonic are tempering expansion plans...

PlayStation network user finds the account suspended and access to games revoked due to the PSN violation code of conduct

An anonymous video game player claimed to have lost all access to their digital data collection Sony PlayStation 4 (PS4) games due to offensive...