Washington, D.C., May 9, 2018 - Today, Ruger’s shareholders passed an important shareholder resolution about gun safety at the company’s annual meeting. The resolution calls on the Board of Directors to issue a report about gun safety and ways to reduce gun violence.
Brady Co-President Avery Gardiner:
“This is a first-of-its-kind victory. The company, unsurprisingly but disappointingly, urged shareholders to oppose this resolution.
“Shareholders made it clear today that Ruger’s ‘enforce existing laws’ approach is woefully insufficient and out of step with what the company’s owners want.
“Ruger’s sales were down more than 20 percent in the first quarter of the year, compared to the prior year, and its earnings were down more than 30%.
Brady Campaign Co-President Kris Brown:
“Against a backdrop of incredible public support for sensible gun reforms, Ruger’s financial performance is tanking. The Board’s loss today on this shareholder resolution must be making the Board even more nervous.
“It is alarming that as gun violence is claiming 96 lives a day, the gun industry is doing so little to prevent the misuse of its products.
“That Ruger’s board fought this resolution reveals it is not at all concerned about the needless deaths and injuries caused by their products.”
Brady has one powerful mission — to unite all Americans against gun violence. We work across Congress, the courts, and our communities with over 90 grassroots chapters, bringing together young and old, red and blue, and every shade of color to find common ground in common sense. In the spirit of our namesakes Jim and Sarah Brady, we have fought for over 45 years to take action, not sides, and we will not stop until this epidemic ends. It’s in our hands.