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Sturm, Ruger & Company, Inc. (NYSE: RGR) announces with regret the resignation of Joseph C. Strasser, Rear Admiral, U.S.N. (Ret.) as a Director of the Company, effective immediately.
RADM Strasser cited reasons of health for his unexpected resignation. He joined the Sturm, Ruger board in August 2005, and expressed his sincere regret for the necessity of this personal decision.
"While Joe Strasser has only been on the Sturm, Ruger board for a few months, we will miss his guidance and personal presence," said Sturm, Ruger & Co, Inc. Chairman and CEO William B. Ruger, Jr. "We fully understand the reason for his decision and are saddened by the circumstances mandating it. We wish him well, and our thoughts are with him and his family," he concluded.
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. 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®”