Anti's buy shares so they can put proxy vote to shareholders

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Bruenor
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Anti's buy shares so they can put proxy vote to shareholders

Post by Bruenor »

There's just no limits to how low this scum will go to get at firearms companies and the second amendment.

https://www.guns.com/2018/08/31/smith-w ... cal-stunt/" onclick="window.open(this.href);return false;
Unlike a bonafide investor, this proponent purchased just 200 shares, the bare minimum needed under SEC rules to place an item on the proxy with the sole objective to push an anti-firearms agenda, designed to harm our company, disrupt the local sale of our products and destroy stockholder value,” Chief Executive Officer James Debney said Thursday during a conference call with investors. “This proponent will gladly sacrifice its investments and yours to achieve its political objectives.”

Earlier this week, the Sisters of the Holy Names of Jesus and Mary filed a resolution asking American Outdoor Brands Corporation — the parent company for the Massachusetts-based gun maker — to report on the risks involved in selling firearms and take “the first steps towards acceptance of this responsibility.” Shareholders will vote on the resolution at the company’s annual meeting next month.
https://www.guns.com/2018/09/10/more-sh ... l-meeting/" onclick="window.open(this.href);return false;
A Smith & Wesson proxy adviser raised questions over the company’s board nominees and donations to industry groups last week, prompting a lengthy defense from the gun maker ahead of its annual meeting later this month.

Parent company American Outdoor Brands defended its actions in a regulatory filing published Thursday, telling Glass, Lewis and Co. its concerns were unfounded and called its support for a gun safety report “disappointing.”
Smith & Wesson also defended its nominee, Mitchell Saltz, saying his role on the board of VirTra Systems, a company specializing in virtual reality gun training simulators, doesn’t pose a conflict of interest.

Glass, Lewis and Co. advised other shareholders to reject Saltz and four other nominees in a letter sent Tuesday after the former “inadvertently omitted” his connection to VirTra. The advisory firm — in what Reuters reported as an “unusual” step — changed its recommendation Thursday, instead expressing support for all nominees except Saltz.
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kcclark
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Re: Anti's buy shares so they can put proxy vote to sharehol

Post by kcclark »

Following links in what you posted, I found that a similar stunt was pulled on Ruger and the shareholders actually voted it through. SMH

This URL makes no sense but it currently brings up the article about Ruger.
https://www.guns.com/2018/05/10/hold-fb ... 2016-2017/
kcclark
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Re: Anti's buy shares so they can put proxy vote to shareholders

Post by kcclark »

The latest tactic to put Smith & Wesson out of business by "shareholders."
Smith & Wesson “knowingly allowed the Company to become exposed to significant liability for intentionally violating federal, state, and local laws through its manufacturing, marketing, and sales of AR-15 style rifles and similar semiautomatic firearms.”
The plaintiffs also claim that Smith & Wesson has exposed the company to unnecessary liability. They claim the company’s board of directors has turned a blind eye to possible liabilities and failed its fiduciary duties to shareholders.
https://www.ammoland.com/2023/12/esg-in ... z8LFYD1xct
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