Townhall.com reports that a group of 11 Catholic groups have come together to purchase stock in Smith & Wesson. The group purchased 200 shares, the minimum number required to for shareholders to demand reports from the company. Now, they want the gun manufacturer to provide a report that details what the company is doing to promote “gun safety measures” and “produce safer gun and gun products” like they did at a Ruger stockholders meeting earlier this year at a company stockholder meeting.
James Debney, the President and CEO of American Outdoor Brands Corporation, the parent company of Smith & Wesson responded:
“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,” Debney said Thursday during a conference call with investors, Guns.com reported. “This proponent will gladly sacrifice its investments and yours to achieve its political objectives.”
Last night, Second Amendment Attorney Guy Relford talked with NRATV’s Dana Loesch about this latest move by the gun ban lobby to attack our rights.
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