Shareholders Force Gun Company to Prepare Report on the Risks of Selling Guns

The proposal does not require the company to stop manufacturing firearms.

An attendee handles a revolver in the Sturm, Ruger & Co., Inc. booth on the exhibition floor the annual NRA meeting in Nashville, Tennessee, on April 11, 2015. — An attendee handles a revolver in the Sturm, Ruger & Co., Inc. booth on the exhibition floor the annual NRA meeting in Nashville, Tennessee, on April 11, 2015.
Photographer: Daniel Acker/Bloomberg

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By Polly Mosendz

May 9, 2018 at 5:11 PM UTC

Updated on

May 9, 2018 at 6:42 PM UTC

This article is for subscribers only.

Sturm, Ruger & Co. will prepare a report on risks related to the company’s business, following a shareholder vote during the firearms manufacturer’s annual meeting on Wednesday afternoon. The vote does not require the company to change the products it manufactures.

“The proposal requires Ruger to prepare a report. That's it: a report,” said chief executive officer Christopher John Killoy. “The shareholders have spoken and we will follow through on our obligation to prepare that report in due course. What the proposal does not and cannot do is force us to change our business, which is lawful and constitutionally protected.”