SPRINGFIELD, Mass.,
Dec. 13, 2016 /PRNewswire/
-- Smith & Wesson Holding Corporation (NASDAQ
Global Select: SWHC), today announced that its stockholders have
overwhelmingly approved a change to the holding company's name from
Smith & Wesson Holding Corporation to American Outdoor Brands
Corporation. The name change does not impact Smith &
Wesson Corp., the name of the company's firearms division, which
has legendary roots dating back to 1852 and will remain
unchanged. The name change pertains only to the holding
corporation that acquired Smith & Wesson in 2001 and now owns
Smith & Wesson Corp., Battenfeld Technologies, Inc., and
Crimson Trace Corporation, which represent the company's firearms,
manufacturing services, accessories, and electro-optics
divisions.
James Debney, President and Chief
Executive Officer of Smith & Wesson, said, "We are excited
about the results of today's stockholder vote. We believe
that American Outdoor Brands Corporation is a name that truly
represents our broad and growing array of brands and businesses in
the shooting, hunting, and rugged outdoor enthusiast markets.
Looking ahead, and operating as American Outdoor Brands
Corporation, we intend to continue building upon our portfolio,
focusing on brands and products that best meet the needs and
lifestyle of our target consumers."
The name change will be effective on or about January 1, 2017, at which time the company will
adopt the common stock trading symbol "AOBC" for its NASDAQ stock
exchange listing.
About Smith & Wesson
Smith & Wesson Holding
Corporation (NASDAQ Global Select: SWHC) 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®,
M&P®, and Thompson/Center Arms™ brands as well as
providing 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®, and
Imperial™. For more information on Smith & Wesson, call
(800) 331-0852 or log on to www.smith-wesson.com.
Safe Harbor Statement
Certain statements contained in this press release may be deemed
to be forward-looking statements under federal securities laws, and
we intend that such forward-looking statements be subject to the
safe-harbor created thereby. Such forward-looking statements
include our belief that American Outdoor Brands Corporation is a
name that truly represents our broad and growing array of brands
and companies in the shooting, hunting, and rugged outdoor
enthusiast markets; our intention to continue building upon our
portfolio, focusing on brands and products that best meet the needs
and lifestyle of our target consumers; the proposed timing of the
name change; and the anticipated new trading symbol for the
Company's NASDAQ stock exchange listing. We caution that
these statements are qualified by important factors that could
cause actual results to differ materially from those reflected by
such forward-looking statements. Such factors include the
demand for our products; the costs and ultimate conclusion of
certain legal matters; the state of the U.S. economy in general and
the firearm industry in particular; general economic conditions and
consumer spending patterns; the potential for increased regulation
of firearms and firearm-related products; speculation surrounding
fears of terrorism and crime; our growth opportunities; our
anticipated growth; our ability to increase demand for our products
in various markets, including consumer, law enforcement, and
military channels, domestically and internationally; the position
of our hunting products in the consumer discretionary marketplace
and distribution channel; our penetration rates in new and existing
markets; our strategies; our ability to introduce new products; the
success of new products; our ability to expand our markets; our
ability to integrate acquired businesses in a successful manner;
the general growth of our firearm accessories business; the
potential for cancellation of orders from our backlog; and other
risks detailed from time to time in our reports filed with the SEC,
including our Annual Report on Form 10-K for the fiscal year ended
April 30, 2016.
Contact: Liz Sharp, VP
Investor Relations
Smith & Wesson Holding Corp.
(413) 747-6284
lsharp@smith-wesson.com
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SOURCE Smith & Wesson Holding Corporation