brchixwing
Sharpshooter
This was on yesterday's earnings call from Smith and Wesson (AOBC), anti 2A activists bought shares to start drama & try to mess with management & the investor base.
A special interest group bought 200 shares of AOBC (probably spent $2K and ironically profiting $400 as of this morning) and they are requesting a vote by shareholders to require management to issue a "Gun Safety Report".
"organizations like those represented by the proponent began purchasing shares of firearm manufacturers and retailers solely to become activists, not because they thought these companies were a good investment, this admission comes directly from Colleen Scanlon, the Chief Advocacy Officer of Catholic Health Initiatives, one of the co-sponsors of the proposal in our proxy. As sizable and bona fide stockholders ourselves, we do not believe that our investment or yours should be negatively impacted by a politically-motivated stockholder that represents literally 0.0004% of our stock"
Event Details | Investors | American Outdoor Brands
As a stockholder, you recently received our annual proxy and voting materials. Your vote is always very important and especially important this year. In addition to our routine items, this year, we're required to include a stockholder proposal, requesting that we issue a so-called Gun Safety Report addressing several topics, which I won't detail here, but which I encourage you to read in our proxy. Our management team and our Board of Directors believe you should vote against this stockholder proposal for several reasons which we also detailed in the proxy. Chief among them is the fact that even if such a report was feasible, which it is not, that would do absolutely nothing to make our communities safer.
We find it curious that the proponents of this proposal overlooks our longstanding call for and involvement in actions that truly have meaningful impact, such as greater vigilance in enforcing the laws and criminal penalties on the books and the need to meaningfully address the role that mental illness plays in senseless violence. We outlined many of these initiatives such as Fix NICS, Project Childsafe and Suicide Prevention in the annual report you received recently.
In contrast, the proponents' efforts appear to be more about that anti-gun agenda versus addressing the problem they claim to be concerned about. The proponent is part of a special interest group with an anti-firearms agenda and they are misusing the proxy process to advance their own political agenda and anti-firearms narrative at the expense of our company, our employees and our stockholders. Unlike a bona fide 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. This proponent will gladly sacrifice its investment and yours to achieve its political objectives.
As reported in the Institutional Investor magazine earlier this month, organizations like those represented by the proponent began purchasing shares of firearm manufacturers and retailers solely to become activists, not because they thought these companies were a good investment, this admission comes directly from Colleen Scanlon, the Chief Advocacy Officer of Catholic Health Initiatives, one of the co-sponsors of the proposal in our proxy. As sizable and bona fide stockholders ourselves, we do not believe that our investment or yours should be negatively impacted by a politically-motivated stockholder that represents literally 0.0004% of our stock. Let me repeat that. The proponent holds 0.0004% of our stock, and has zero interest in generating a return on their investment. We do believe in the Second Amendment rights of Americans. We also believe in our legislative process and we believe that issues relating to those rights should be debated and decided in our legislatures, not at anyone's annual meeting of stockholders. For these reasons, we strongly recommend a vote against the proponents' proposal.
A special interest group bought 200 shares of AOBC (probably spent $2K and ironically profiting $400 as of this morning) and they are requesting a vote by shareholders to require management to issue a "Gun Safety Report".
"organizations like those represented by the proponent began purchasing shares of firearm manufacturers and retailers solely to become activists, not because they thought these companies were a good investment, this admission comes directly from Colleen Scanlon, the Chief Advocacy Officer of Catholic Health Initiatives, one of the co-sponsors of the proposal in our proxy. As sizable and bona fide stockholders ourselves, we do not believe that our investment or yours should be negatively impacted by a politically-motivated stockholder that represents literally 0.0004% of our stock"
Event Details | Investors | American Outdoor Brands
As a stockholder, you recently received our annual proxy and voting materials. Your vote is always very important and especially important this year. In addition to our routine items, this year, we're required to include a stockholder proposal, requesting that we issue a so-called Gun Safety Report addressing several topics, which I won't detail here, but which I encourage you to read in our proxy. Our management team and our Board of Directors believe you should vote against this stockholder proposal for several reasons which we also detailed in the proxy. Chief among them is the fact that even if such a report was feasible, which it is not, that would do absolutely nothing to make our communities safer.
We find it curious that the proponents of this proposal overlooks our longstanding call for and involvement in actions that truly have meaningful impact, such as greater vigilance in enforcing the laws and criminal penalties on the books and the need to meaningfully address the role that mental illness plays in senseless violence. We outlined many of these initiatives such as Fix NICS, Project Childsafe and Suicide Prevention in the annual report you received recently.
In contrast, the proponents' efforts appear to be more about that anti-gun agenda versus addressing the problem they claim to be concerned about. The proponent is part of a special interest group with an anti-firearms agenda and they are misusing the proxy process to advance their own political agenda and anti-firearms narrative at the expense of our company, our employees and our stockholders. Unlike a bona fide 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. This proponent will gladly sacrifice its investment and yours to achieve its political objectives.
As reported in the Institutional Investor magazine earlier this month, organizations like those represented by the proponent began purchasing shares of firearm manufacturers and retailers solely to become activists, not because they thought these companies were a good investment, this admission comes directly from Colleen Scanlon, the Chief Advocacy Officer of Catholic Health Initiatives, one of the co-sponsors of the proposal in our proxy. As sizable and bona fide stockholders ourselves, we do not believe that our investment or yours should be negatively impacted by a politically-motivated stockholder that represents literally 0.0004% of our stock. Let me repeat that. The proponent holds 0.0004% of our stock, and has zero interest in generating a return on their investment. We do believe in the Second Amendment rights of Americans. We also believe in our legislative process and we believe that issues relating to those rights should be debated and decided in our legislatures, not at anyone's annual meeting of stockholders. For these reasons, we strongly recommend a vote against the proponents' proposal.
