06/01/2022

Investors Demand Human Rights Report at Gunmaker Sturm Ruger

This is a setback for the Connecticut-based company

A majority of shareholders of gunmaker Sturm Ruger & Co. voted in favor of a shareholder resolution calling for a human rights impact report, executives said on Wednesday.

The company also said all director nominees were elected and that investors approved its auditor and executive pay at its annual shareholder meeting, which was webcast.

The passage of the shareholder resolution marked a setback for the Southport, Connecticut-based company, which had opposed the measure. It came after mass shootings in May, including one in Uvalde, Texas where a teenage gunman killed 19 schoolchildren and two teachers, that reopened a long-running U.S. debate over gun control.

Please select this link to read the complete article from Reuters.