SPRINGFIELD, Mass., Sept. 28, 2018 /PRNewswire/ -- American Outdoor Brands Corporation (NASDAQ Global Select: AOBC) today reported voting results for its 2018 Annual Meeting of Stockholders held September 25, 2018. The results reflect that stockholders re-elected all 10 directors with a majority of the votes cast; approved on an advisory, non-binding basis the compensation of the company's named executive officers for fiscal 2018 ("say-on-pay"); and ratified the appointment of Deloitte & Touche LLP as the company's independent auditors. Stockholders also approved, against the recommendations of the company's leadership, a stockholder proposal that the company issue a "gun safety" report.
Barry Monheit, Chairman of the Board, and James Debney, President and Chief Executive Officer, made the following statement on that proposal:
Throughout our proxy season, we made known – through many public filings – our position that proposal 4 was bad for our stockholders, our customers, our employees and our company. The proposal was politically motivated and represented a debate that belonged not in our annual meeting and proxy, but in the legislature. The proposal – put forward by a very small group whose sole focus was to drive an anti-firearms agenda at the expense of our company and its stockholders -- won by a very slim margin of 52.16% to 47.84% of votes cast. This result makes clear to us that a significant number of our voting stockholders shared our position. We remain committed to continuing our meaningful support of and participation in actions that truly make our communities safer.
A list of the actions we take to support the safe use of firearms is located at:
Detailed voting results for the company's 2018 Annual Meeting of Stockholders can be found on its website at www.aob.com and in its public filings on Form 8-K.
About American Outdoor Brands Corporation
American Outdoor Brands Corporation (NASDAQ Global Select: AOBC) is a provider of quality products for shooting, hunting, and rugged outdoor enthusiasts in the global consumer and professional markets. The Company reports two segments: Firearms and Outdoor Products & Accessories. Firearms manufactures handgun and long gun products sold under the Smith & Wesson®, Performance Center®, M&P®, Thompson/Center Arms™, and Gemtech® brands as well as provides forging, machining, and precision plastic injection molding services. Outdoor Products & Accessories provides shooting, hunting, and outdoor accessories, including reloading, gunsmithing, and gun cleaning supplies, tree saws, vault accessories, knives, laser sighting systems, tactical lighting products, and survival and camping equipment. Brands in Outdoor Products & Accessories include Smith & Wesson®, M&P®, Thompson/Center Arms™, Crimson Trace®, Caldwell® Shooting Supplies, Wheeler® Engineering, Tipton® Gun Cleaning Supplies, Frankford Arsenal® Reloading Tools, Lockdown® Vault Accessories, Hooyman® Premium Tree Saws, BOG POD®, Golden Rod® Moisture Control, Schrade®, Old Timer®, Uncle Henry®, UST™, Imperial™, and Bubba Blade®. For more information on American Outdoor Brands Corporation, call (844) 363-5386 or log on to www.aob.com.
Liz Sharp, VP Investor Relations
American Outdoor Brands Corporation
SOURCE American Outdoor Brands Corporation