Activist Shareholders Vote To Force Ruger To Track Gun Violence

Ruger's CEO has said the company won't be changing the way it conducts business after shareholder meeting.

Prescott, AZ – Sturm Ruger shareholders voted to force the company to track gun violence and the associated risks.

The shareholder vote took place during Ruger’s annual meeting on Wednesday, National Public Radio reported.

The proposal, dubbed the “Shareholder’s Activist Resolution,” was spearheaded by Catholic Health Initiatives senior vice president Colleen Scanlon, CNN Money reported.

Catholic Health Initiatives, a group of academic institutions and hospitals, was one of four shareholders who urged Ruger executives to develop a plan to combat gun violence.

"We as shareholders are saying that gun violence is significant enough that you, as a gun company, need to address what your responsibility to gun safety is," Scanlon said. "Wouldn't it be wonderful to see them leading an effort about making a smarter gun, like fingerprint activated guns and tracking systems for finding lost or stolen guns, like with iPhones?"

"The proposal requires Ruger to prepare a report. That's it – a report," CEO Christopher Killoy said, according to CNN Money. "The shareholders have spoken and we will follow through on our obligation to prepare that report in due course."

The vote required the company to provide “evidence of monitoring of violent events,” and shareholders said they expected a report “on the company’s activities related to gun safety measures and the mitigation of harm associated with gun products” to be completed by Feb. 8, 2019, CNN Money reported.

The company must also asses “reputational and financial risks related to gun violence in the U.S.,” Ruger documents indicated.

"What [the report] does not do, and cannot do, is force us to adopt misguided principles created by groups who do not own guns, know nothing about our business, and frankly would rather see us out of business," Killoy added. "The proposal also cannot change what Ruger is about and what we stand for."

When activists at the meeting requested to meet with Killoy to discuss how Ruger could “be part of the solution” to gun violence, Killoy openly advised those in attendance that he would not be meeting with individual people, National Public Radio reported.

Comments (27)
No. 1-25
Hi_estComnDenomn
Hi_estComnDenomn

The CEO must not realize that the majority of gun owners, regardless of political affiliation, believe in sensible gun control.

Sickandtired
Sickandtired

Maybe Budweiser needs to track alcohol related deaths too. After all alcohol kills more people than guns do every year in the US. A lot more. Around 88,000 people. Yes, I agree, most would be in favor of sensible gun control. Closing the background check loopholes, and hey, maybe enforce the laws we already have? Lets try that too. How many felons try to buy a gun each year, fail the background check, and are never prosecuted? I am not sure, but it is a lot. I'm sure Google can tell me.

Sickandtired
Sickandtired

I just looked. One figure I saw was around 160,000 a year lie and try to buy a firearm but are denied. How many are prosecuted? All I can find so far is - very few.

4bconsulting
4bconsulting

There are enough laws and regulations on the books now to stop or signiicantly reduce gun violence. All, repeat all of the mass shootings, with the exception of Las Vegas, the perps had previoius law enforcement encounters that if properly followed up on would have prevented the perps from committing the crimes. The hysteria regarding these events is irrational to say the least

BOB.DENVER
BOB.DENVER

Most gunners have yet to see anything that could be considered common sense gun control. We have also not seen a law proposed or in effect that keeps the guns out of a criminal's hands. Any legislation that violates law abiding citizens's 2nd Amendment Rights is not acceptable. Any red flag legislation that ignores due process is not acceptable.