STURM, RUGER & COMPANY, INC. | Director elections at STURM, RUGER & COMPANY, INC.

Status
Voted
AGM date
Previous AGM date
Proposal number
1
Resolution details
Company ticker
RGR
Submitted by
-
Resolution ask
Strengthen board oversight of issue
ESG theme
  • Social
ESG sub-theme
  • Human rights
Type of vote
Director vote
Filer type
Management
Company sector
Consumer Discretionary
Company HQ country
United States
Supporting materials
  • sturm ruger_exempt solicitation against director votes.pdf Download
Resolved clause
CommonSpirit Health, the Adrian Dominican Sisters, Bon Secours Mercy Health, Congregation of St. Joseph, Daughters of Charity, Dominican Sisters of Sinsinawa, the Episcopal Church, Mercy Investment Services, School Sisters of Notre Dame Cooperative Investment Fund, Sisters of Bon Secours USA, Sisters of Providence, Sisters of the Holy Cross, Sisters of the Holy Names of Jesus and Mary, Sisters of St. Francis of Philadelphia, and Trinity Health (together, the “Proponents”), are urging shareholders to WITHHOLD support from director nominees RONALD C. WHITAKER, Board Chair, SANDRA S. FROMAN, Nominating Committee Chair & Corporate Governance Committee Chair, and PHILLIP C. WIDMAN, Risk Oversight Committee Chair, at the Sturm Ruger & Co., Inc. (“Ruger” or the “Company”) annual shareholder meeting (“AGM”) on June 1, 2023
Whereas clause
The director nominees up for election at the 2023 AGM are as following:

1) Ronald C. Whitaker
(i) Chairman of Board of Directors

2) John A. Cosentino, Jr.
(i) Compensation and Capital Policy Committee (Chair)
(ii) Audit Committee

3) Michael O. Fifer
(i) Compensation and Capital Policy Committee
(ii) Risk oversight Committee

4) Sandra S. Froman
(i) Nominating and Corporate Governance (Chair)
(ii) Risk Oversight Committee

5) Rebecca S. Halstead
(i) Nominating and Corporate Governance Committee
(ii) Risk Oversight Committee
(iii) Compensation and Capital Policy Committee

6) Christopher J. Killoy
(i) Compensation and Capital Policy Committee

7) Terrence G. O’Connor
(i) Compensation and Capital Policy Committee (Chair)
(ii) Nominating and Corporate Governance Committee
(iii) Audit Committee

8) Amir P. Rosenthal
(i) Risk Oversight Committee (Chair)
(ii) Audit Committee
(iii) Nominating and Corporate Governance Committee

9) Phillip C. Widman
(i) Risk Oversight Committee (Chair)
(ii) Compensation and Capital Policy Committee
Supporting statement
Last year, shareholders voted 68.52% in favour of a proposal titled 'Human Rights Impact Assessment'. PRI research finds that as of 01 March 2023 there is no evidence that the company has been responsive to shareholder views on this matter.

The 2022 proxy season had one of the highest records for majority-supported environmental, social, and governance (ESG) shareholder proposals in recent years, according to PWC. But as the 2023 proxy season commences, companies are acting on – and implementing – less than two out of every five of those shareholder proposals, according to their proponents. In approximately a quarter of cases, the investor proponent believes the proposal will not be addressed at all.

Access the research here: www.unpri.org/active-ownership-20/are-corporate-boards-responding-to-successful-shareholder-esg-proposals/11160.article

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