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Sturm, Ruger & Company, Inc. (NYSE: RGR), the nation's largest firearms manufacturer, announced that Gen. P.X. Kelley is retiring from the Company's Board of Directors at his own request, due to other commitments and personal reasons, effective immediately.
"Gen. Kelley has been a Sturm, Ruger Board member for 15 years, 5 years longer than was his originally stated intent. We salute his many years of honorable service to the Company and sincerely wish him well," said Sturm, Ruger Chairman William B. Ruger, Jr.
The Company's Nominating and Corporate Governance Committee will meet to consider candidates for nomination to succeed Gen. Kelley on its Board of Directors prior to the next regularly scheduled Board meeting to be held on October 21, 2004.
About Sturm, Ruger & Co., Inc.
Sturm, Ruger & Co., Inc. is one of the nation's leading manufacturers of rugged, reliable firearms for the commercial sporting market. With products made in America, Ruger offers consumers almost 800 variations of more than 40 product lines, across both the Ruger and Marlin brands. For more than 70 years, Ruger has been a model of corporate and community responsibility. Our motto, "Arms Makers for Responsible Citizens®," echoes our commitment to these principles as we work hard to deliver quality and innovative firearms.
The Company may, from time to time, make forward-looking statements and projections concerning future expectations. Such statements are based on current expectations and are subject to certain qualifying risks and uncertainties, such as market demand, sales levels of firearms, anticipated castings sales and earnings, the need for external financing for operations or capital expenditures, the results of pending litigation against the Company, the impact of future firearms control and environmental legislation, and accounting estimates, any one or more of which could cause actual results to differ materially from those projected. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to publish revised forward-looking statements to reflect events or circumstances after the date such forward-looking statements are made or to reflect the occurrence of subsequent unanticipated events.
Sturm, Ruger & Co., Inc. “Arms Makers for Responsible Citizens®”