false 0001092796 0001092796 2023-09-19 2023-09-19

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM 8-K

 

 

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): September 19, 2023

 

 

Smith & Wesson Brands, Inc.

(Exact Name of Registrant as Specified in Charter)

 

 

 

Nevada   001-31552   87-0543688

(State or other jurisdiction

of incorporation)

  

(Commission

File Number)

  

(IRS Employer

Identification No.)

2100 Roosevelt Avenue

Springfield, Massachusetts 01104

(Address of principal executive offices) (Zip Code)

(800) 331-0852

(Registrant’s telephone number, including area code)

 

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

 

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

 

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

 

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class

  

Trading

Symbol(s)

  

Name of each exchange

on which registered

Common Stock, Par Value $0.001 per Share   SWBI   Nasdaq Global Select Market

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 §CFR 230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

 

 

Item 5.07.

Submission of Matters to a Vote of Security Holders.

On September 19, 2023, we held our annual meeting of stockholders to consider and vote upon the following proposals: (1) to elect directors to serve until our next annual meeting of stockholders and until their successors are elected and qualified; (2) to provide a non-binding, advisory vote on the compensation of our named executive officers for fiscal 2023 (“say-on-pay”); (3) to provide a non-binding, advisory vote on the frequency of future say-on-pay votes; (4) to ratify the appointment of Deloitte & Touche LLP, an independent registered public accounting firm, as our independent registered public accountant for fiscal 2024; (5) to vote on a management proposal (advisory vote to call special stockholder meeting); (6) to vote on a management proposal (ratification of Nevada exclusive forum provision); (7) to vote on a stockholder proposal (right to call special shareholder meeting); and (8) to vote on a stockholder proposal (human rights impact assessment).

 

  1.

The following directors were elected at the annual meeting:

 

Director

    Votes For      Votes Withheld      Broker
Non-
Votes		  

Anita D. Britt

      21,941,907        342,478        11,682,528  

Fred M. Diaz

      21,027,624        1,256,761        11,682,528  

Michelle J. Lohmeier

      21,997,050        287,335        11,682,528  

Barry M. Monheit

      21,041,068        1,243,317        11,682,528  

Robert L. Scott

      21,043,439        1,240,946        11,682,528  

Mark P. Smith

      21,983,476        300,909        11,682,528  

Denis G. Suggs

      20,090,622        2,193,763        11,682,528  

 

  2.

Our stockholders approved the say-on-pay proposal.

 

     Votes
For		      Votes
Against		      Abstentions      Broker
Non-Votes		  

Say-on-pay proposal

      21,426,253        666,136        191,996        11,682,528  

 

  3.

Our stockholders approved “annual” as the frequency of future say-on-pay votes.

 

     1 Year      2 Years      3 Years      Abstentions      Broker
Non-Votes		  

Frequency of future say-on-pay votes

      19,436,671        121,455        2,585,583        140,676        11,682,528  

In light of these results, we will hold future say-on-pay votes on an annual basis until the occurrence of the next advisory vote on the frequency of say-on-pay votes, or until our board of directors otherwise determines that a different frequency is in the best interests of the Company and its stockholders.

 

  4.

Our stockholders ratified the appointment of Deloitte & Touche LLP as our independent registered public accountants for the fiscal year ending April 30, 2024.

 

     Votes
For		      Votes
Against		      Abstentions      Broker
Non-
Votes		  

Ratification of Deloitte & Touche LLP as independent registered public accountants

      33,177,044        496,085        293,784        —    

 

  5.

Our stockholders approved a management proposal concerning the right to call special stockholder meetings.

 

     Votes
For		      Votes
Against		      Abstentions      Broker
Non-Votes		  

Management proposal (special stockholder meeting)

      21,173,132        247,215        864,038        11,682,528  

 

  6.

Our stockholders approved a management proposal concerning the ratification of a Nevada exclusive forum bylaw provision.

 

     Votes
For		      Votes
Against		      Abstentions      Broker
Non-Votes		  

Management proposal (exclusive forum)

      18,506,490        3,641,955        135,940        11,682,528  

  7.

Our stockholders did not approve a stockholder proposal concerning the right to call special stockholder meetings.

 

     Votes
For		      Votes
Against		      Abstentions      Broker
Non-Votes		  

Stockholder proposal (special shareholder meeting)

      6,204,470        15,969,806        110,109        11,682,528  

 

  8.

Our stockholders did not approve a stockholder proposal concerning a human rights impact assessment.

 

     Votes
For		      Votes
Against		      Abstentions      Broker
Non-Votes		  

Stockholder proposal (impact assessment)

      5,912,229        16,198,734        173,422        11,682,528  

 

2

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

    SMITH & WESSON BRANDS, INC.
Date: September 22, 2023     By:  

/s/ Deana L. McPherson

      Deana L. McPherson
     

Executive Vice President, Chief Financial Officer,

Treasurer, and Assistant Secretary

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Document and Entity Information
Sep. 19, 2023
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Entity Central Index Key 0001092796
Document Type 8-K
Document Period End Date Sep. 19, 2023
Entity Registrant Name Smith & Wesson Brands, Inc.
Entity Incorporation State Country Code NV
Entity File Number 001-31552
Entity Tax Identification Number 87-0543688
Entity Address, Address Line One 2100 Roosevelt Avenue
Entity Address, City or Town Springfield
Entity Address, State or Province MA
Entity Address, Postal Zip Code 01104
City Area Code (800)
Local Phone Number 331-0852
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Pre Commencement Issuer Tender Offer false
Security 12b Title Common Stock, Par Value $0.001 per Share
Trading Symbol SWBI
Security Exchange Name NASDAQ
Entity Emerging Growth Company false
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