Investors call for human rights report at gunmaker Sturm Ruger

(Reuters) -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.

The resolution, put forward by a nonprofit Roman Catholic health system, said, “The inherent lethality of firearms exposes all gun makers to elevated human rights risks” and that the company lacks sufficient policies or practices to account for product misuse. It said a 2019 report Sturm Ruger had published on its measures to address gun safety “failed to put forward meaningful solutions to address gun violence.”

After the vote, Sturm Ruger Chief Executive Christopher Killoy said he expects the board will now consider how best to respond, and that the company would give a final voting tally in coming days.

Killoy referred to proponents of the measure as “anti-gun activists” and said its passage was “largely due to the support of institutional shareholders, many of whom declined to even speak with us, and others who blindly followed the guidance of ISS (Institutional Shareholder Services) or Glass Lewis.”

Both top proxy advisers had recommended investors vote for the resolution.

Resolution proponent Laura Krausa of Chicago-based CommonSpirit Health said via email that the health system hopes Sturm Ruger will conduct the review.

“We know we can find common ground on common-sense approaches” to safety that respect gun ownership rights, she said.

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About the Author: NC Scout

NC Scout is the nom de guerre of a former Infantry Scout and Sergeant in one of the Army’s best Reconnaissance Units. He has combat tours in both Iraq and Afghanistan. He teaches a series of courses focusing on small unit skills rarely if ever taught anywhere else in the prepping and survival field, including his RTO Course which focuses on small unit communications. In his free time he is an avid hunter, bushcrafter, writer, long range shooter, prepper, amateur radio operator and Libertarian activist. He can be contacted at [email protected] or via his blog at brushbeater.wordpress.com .

13 Comments

  1. American Yeoman June 1, 2022 at 17:50

    Guys, this is a BFD. You need to understand the Tird Order effects of this and plan accordingly. I can’t say it often or forcefully enough.

    • NC Scout June 1, 2022 at 18:25

      Damn right it is.

  2. KBYN June 1, 2022 at 18:59

    Sounds like more of that E.S.G. bullcrap.

    Now I have to go look up Institutional Shareholder Services (and whatever Glass Lewis is).

    • KBYN June 1, 2022 at 19:05

      Looks like Glass Lewis is a “company” founded by a teachers’ union based in Canada. It only recently changed hands.

      https://www.glasslewis.com/press-release-peloton-capital-management-and-stephen-smith-acquire-glass-lewis/

      A bunch of hard left Canucks urged Ruger’s shareholders to jump off a cliff, and a majority of the shareholders responded like lemmings.

      • KBYN June 1, 2022 at 19:11

        I.S.S. is another advisory firm that tells investors how to vote with their shares, and yes, it’s a major player in the ESG scam currently undermining what remains of the free market.

        https://www.issgovernance.com/

        Damned communists. They’re like rust, mold, weeds, or any other kind of decay. They never stop trying to undermine civilization. Lord forgive me, but I hate them.

    • vyt1az June 1, 2022 at 19:54

      It certainly is ESG related and that’s how a whole new slew of globalist regulation is going to be imposed on Americans and the rest of the world.

      Pretty soon any non-ESG compliant company or organization will get removed from stock exchanges, denied lending, denied paycheck processing services, etc. All by other companies who will also bend over to become ESG compliant. COVID proved how many willing corporations will go along with this.

      The WEF / IMF / Davos crowd are going to use this to crush small businesses and ensure only large global corporate “stakeholders” can survive.

  3. Oughtsix June 1, 2022 at 19:21

    There’s gonna be a fight. A gun fight. We are at war right now. Lines are already drawn if not everyone sees them yet. The Divide and the existential imperatives are plain.

    If you do not have all the guns you’ll need, and ammo to the moon, you’re behind the curve. Yeah, this is just more of the same shit we’ve seen for years. Is it important to take note? Sure, but to freak out about it is worthless.

    “They” are are going to do their worst until we decide to do ours. I’m betting on us.

  4. Oughtsix June 1, 2022 at 19:24

    I’m betting that Ruger will navigate this ploy just fine. Their investors will come to see the light or be invited to sell stock. If the price drops, folks of a more rational turn of mind will buy them.

  5. spingerah June 1, 2022 at 19:30

    puke

  6. spingerah June 1, 2022 at 19:40

    KBYN Forgiveness unnecessary, God hates communists too.

  7. boss21 June 1, 2022 at 20:14

    Does it matter? Everyone is tooled up. Never was a people so well armed. Everyone that matters still has too much to lose ( materially) . Lacking is passion, direction ,training and selflessness (unless muh refugees, Ukraine etc).

    As long as ponzi lasts , nothing changes. All this bullshit , shareholders meetings, WEF tag and bag the cattle is last ditch ponzi maintenance. Republics have an eight to ten generation lifespan. Monarchy is the natural system. Oligarchy is the unnatural system. Republics are the best of a bad lot of fronts for oligarchy .Putin and Xi are proto-monarchs. Trump was our furtive, ridiculous stab at it. We have to stop caring about the doings of merchants and money changers and start thinking like warriors.

  8. RP June 2, 2022 at 08:04

    ” put forward by a nonprofit Roman Catholic health system” the same organization trying to oust every conservative and virtuous Priest left in the faith like Father Altman.

  9. Truth in Tension June 2, 2022 at 11:15

    The homosexual human trafficking anti-Christian communist Roman Catholic church is part of the Brotherhood of Darkness. The Catholic church is like the US government it has no moral premise. Who is John Galt? TEXIT!

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