Sturm, Ruger & Co. said it has cleared the regulatory conditions tied to its strategic cooperation agreement with Beretta Holding, triggering an immediate change to its shareholder rights plan.
The company’s board unanimously approved an amendment that moves the rights plan’s final expiration date up by 27 days, from Oct. 13, 2026 to Sept. 16, 2026. The plan will now terminate at the close of business today.
Ruger said shareholders do not need to take any action as a result of the expiration.
The board said it accelerated the end date after reviewing current circumstances and concluding that an active rights plan is no longer necessary. The company said the terms of its agreement with Beretta Holding remain unchanged.
Chief Executive Todd Seyfert said the steps are the “natural, next steps” from the agreement announced in May, and that the company remains focused on executing its strategy and operating in shareholders’ best interests. As a result of these announcements, the company's shares have moved 5.45% on the market, and are now trading at a price of $39.10. Check out the company's full 8-K submission here.
