Sturm Ruger & Company Enters into an Agreement with Beretta Holding

Published: 2026-05-04 11:35:28 ET RGR

Published on 05/04/2026 at 11:35 am EDT

On May 4, 2026, Sturm Ruger & Company, Inc. announced that it has entered into an agreement with Beretta Holding S.A., pursuant to the Agreement, Beretta Holding has irrevocably withdrawn its February 24, 2026 notice to the Company of its intent to nominate certain individuals to stand for election to the Board at Company?s 2026 Annual Meeting of Stockholders, and agreed to immediately cease all solicitation efforts in connection with the 2026 Annual Meeting. In addition, the Company stated that from 5 business days following the later of the 2026 Annual Meeting and the date of receipt of the applicable approval of the Committee on Foreign Investment in the United States, Beretta Holding will have the right, until the Standstill End Date, to designate up to 2 directors to Ruger?s Board that have been approved by the Board and are independent from both Ruger and, unless the Board otherwise so permits, Beretta Holding and certain related persons. Furthermore, the Company stated that the sole candidates for election as directors at the Company?s 2026 Annual Meeting will be the Board?s nine originally recommended candidates.