STURM, RUGER & COMPANY, INC. (NYSE:RGR) Files An 8-K Submission of Matters to a Vote of Security Holders
Item 5.07
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Submission of Matters to a Vote of Security Holders |
At the Companys Annual Meeting of Shareholders on May 9, 2017
(the Annual Meeting), the shareholders voted on the following
five proposals and cast their votes as described below.
Proposal 1
The individuals listed below were elected at the Annual Meeting
to serve a one-year term on the Companys Board of Directors.
| Votes For | Votes Withheld | Uncast | ||||||||||
| John A. Cosentino, Jr. | 9,425,530 | 244,422 | ||||||||||
| Michael O. Fifer | 9,600,721 | 69,231 | ||||||||||
| Sandra S. Froman | 9,577,582 | 92,370 | ||||||||||
| C. Michael Jacobi | 9,419,845 | 250,107 | ||||||||||
| Christopher J. Killoy | 9,603,068 | 66,884 | ||||||||||
| Terrence G. OConnor | 9,601,298 | 68,654 | ||||||||||
| Amir P. Rosenthal | 9,464,585 | 205,367 | ||||||||||
| Ronald C. Whitaker | 9,565,898 | 104,054 | ||||||||||
| Phillip C. Widman | 9,585,056 | 84,896 | ||||||||||
Non-Vote on each nominee: 5,903,675
Proposal 2
Proposal 2 was a management proposal to ratify the appointment of
RSM US LLP as the Companys independent registered public
accounting firm for 2017, as described in the proxy materials.
This proposal was approved.
| Votes For | Against | Abstain | |||||||||
| 15,370,778 | 146,021 | 56,828 | |||||||||
Proposal 3
Proposal 3 was a proposal to approve the Sturm, Ruger Company,
Inc. 2017 Stock Incentive Plan, as described in the proxy
materials. This proposal was approved.
| Votes For | Against | Abstain | Non-Votes | |||||||||||
| 9,245,156 | 373,975 | 50,821 | 5,903,675 | |||||||||||
Proposal 4
Proposal 4 was a management proposal to hold an advisory vote on
the compensation of the Companys named executive officers.
| Votes For | Against | Abstain | Non-Votes | |||||||||||
| 9,164,166 | 425,430 | 80,356 | 5,903,675 | |||||||||||
Proposal 5
Proposal 5 was a management proposal regarding the frequency of
future advisory votes on the compensation of the Companys named
executive officers. A majority of the votes were cast in favor of
1 year.
| Votes For 1 Year | Votes for 2 Years | Votes for 3 Years | Abstain | Non-Votes | ||||||||||||||
| 8,909,233 | 97,780 | 526,901 | 136,038 | 5,903,675 | ||||||||||||||
Based on these results, and consistent with the Companys
recommendation, the Board of Directors has determined that the
Company will hold an advisory vote on executive compensation
every year.
Item 8.01. Other Events
The transcript of the Annual Meeting is included as Exhibit 99.1
to this Current Report on Form 8-K.
The information in this Current Report on Form 8-K (including the
exhibit) is furnished to Item 8.01 and shall not be deemed to be
filed for the purpose of Section 18 of the Securities Exchange
Act of 1934, as amended, or otherwise subject to the liabilities
of that section. The disclosure of the transcript of the Annual
Meeting on this Current Report on Form 8-K will not be deemed an
admission as to the materiality of any information in this
Current Report on Form 8-K (including the exhibit) that is
required to be disclosed by Regulation FD.
The text included with this Current Report on Form 8-K is
available on our website located at Ruger.com/corporate,
although we reserve the right to discontinue that availability at
any time.
Certain statements contained in this Current Report on Form 8-K
(including the exhibit) may be deemed to be forward-looking
statements under federal securities laws, and we intend that such
forward-looking statements be subject to the safe harbor created
thereby. Such forward-looking statements include, but are not
limited to, statements regarding market demand, sales levels of
firearms, anticipated castings sales and earnings, the need for
external financing for operations or capital expenditures, the
results of pending litigation against the Company, the impact of
future firearms control and environmental legislation, and
accounting estimates. Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date made. The Company undertakes no obligation to publish
revised forward-looking statements to reflect events or
circumstances after the date such forward-looking statements are
made or to reflect the occurrence of subsequent unanticipated
events.
| Exhibit No. | Description |
| 99.1 |
Transcript of the Annual Meeting of Shareholders held on May 9, 2017. |
About STURM, RUGER & COMPANY, INC. (NYSE:RGR)
Sturm, Ruger & Company, Inc. is engaged in the design, manufacture, and sale of firearms to domestic customers. The Company operates through two segments: firearms and castings. The firearms segment manufactures and sells rifles, pistols, and revolvers principally to a range of federally licensed, independent wholesale distributors primarily located in the United States. The castings segment manufactures and sells steel investment castings and metal injection molding (MIM) parts. The Company’s design and manufacturing operations are located in the United States. The Company primarily offers products in three industry product categories: rifles, pistols, and revolvers. The Company’s firearms are sold through independent wholesale distributors, principally to the commercial sporting market. The Company manufactures firearm products under the Ruger name. The Company also manufactures and sells accessories and replacement parts for its firearms. STURM, RUGER & COMPANY, INC. (NYSE:RGR) Recent Trading Information
STURM, RUGER & COMPANY, INC. (NYSE:RGR) closed its last trading session down -0.65 at 62.30 with 276,478 shares trading hands.
