Sisters of the Holy Names of Jesus and Mary Submits a Shareholder Proposals to Smith & Wesson Brands, Inc.
August 17, 2018 at 04:06 pm EDT
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On August 17, 2018, Sisters of the Holy Names of Jesus and Mary submitted a shareholder proposals to Smith & Wesson Brands, Inc. requesting the Board of Directors issue a report by February 8, 2019, at reasonable expense and excluding proprietary information, on the Company’s activities related to gun safety measures and mitigation of harm associated with gun products, including the following: (1) evidence of monitoring of violent events associated with products produced by the company, (2) efforts underway to research and produce safer guns and gun products, and (3) assessment of the corporate reputational and financial risks related to gun violence in the U.S.
Smith & Wesson Brands, Inc. is a manufacturer of firearms products. The Company manufactures a range of handguns (including revolvers and pistols), long guns (including modern sporting rifles), handcuffs, firearm suppressors, and other firearm-related products for sale to a wide variety of customers, including firearm enthusiasts, collectors, hunters, sportsmen, competitive shooters, individuals desiring home and personal protection, law enforcement and security agencies and officers, and military agencies in the United States and throughout the world. The Company sells its products under the Smith & Wesson, M&P, and Gemtech brands. The Company manufactures its products at its facilities in Springfield, Massachusetts; Houlton, Maine; and Deep River, Connecticut. The Company also provides manufacturing services, including forging, heat treating, rapid prototyping, tooling, finishing, plating, machining, and custom plastic injection molding.