Shareholders Ask Smith & Wesson to Prepare Report on Gun Violence
Investors want to assess the reputational and financial risks of gun violence in America.
Pistols sit on display in the Smith & Wesson Corp. booth during the NRA annual meeting in Dallas.
Photographer: Daniel Acker/BloombergAt an annual meeting on Tuesday, shareholders of American Outdoor Brands Corp., formerly Smith & Wesson, voted in favor of a proposal that would have the company prepare a report on gun safety.
The proposal, presented by Sisters of the Holy Names of Jesus and Mary, specifically requests that the historic gunmaker issue a report by February 2019 on “the company’s activities related to gun safety measures and mitigation of harm associated with gun products.” The shareholders are seeking evidence that the company monitors violent acts committed using its products, is researching how to create safer guns, and is assessing the reputational and financial risks of gun violence in America.