Form 8-K STURM RUGER & CO INC For: Apr 03

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)

April 3, 2015

 

 

STURM, RUGER & COMPANY, INC.

(Exact Name of Registrant as Specified in its Charter)

 

 

DELAWARE (State or Other Jurisdiction of Incorporation)

001-10435 (Commission File Number)

06-0633559 (IRS Employer Identification Number)

 

 

ONE LACEY PLACE, SOUTHPORT, CONNECTICUT 06890

(Address of Principal Executive Offices) (Zip Code)

 

 

Registrant’s telephone number, including area code (203) 259-7843

 

 

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))

 

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

 

 

 

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Item 8.01 Other Events

 

On April 3, 2015, Sturm, Ruger & Company, Inc. (the “Company”) issued a press release announcing that during the first quarter of 2015 the Company repurchased a total of 82,100 shares of its common stock in open market transactions at an aggregate cost of $2.8 million. A copy of the press release is furnished as Exhibit 99.1 to the Current Report on Form 8-K and incorporated herein by reference.

 

Item 9.01 Financial Statements and Exhibits

 

	Exhibit No.	Description
	99.1	Press release of Sturm, Ruger & Company, Inc. dated April 3, 2015, announcing the repurchase of 82,100 shares of its common stock in the open market.

 

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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.

 

 

STURM, RUGER & COMPANY, INC.

 

 

 

By:  /S/ THOMAS A. DINEEN

Name: Thomas A. Dineen

Title: Principal Financial Officer,

Principal Accounting Officer

Treasurer and Chief Financial Officer

 

Dated: April 3, 2015

 

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EXHIBIT 99.1

 

 

 

FOR IMMEDIATE RELEASE

 

 

 

STURM, RUGER & COMPANY, INC. ANNOUNCES THE REPURCHASE

OF 82,100 SHARES OF ITS COMMON STOCK IN

THE FIRST QUARTER OF 2015

 

SOUTHPORT, CONNECTICUT, April 3, 2015 - Sturm, Ruger & Company, Inc. (NYSE-RGR) announced today that during the first quarter of 2015 the Company repurchased a total of 82,100 shares of its common stock in open market transactions at an aggregate cost of $2.8 million. The average price per share repurchased was $34.57. These repurchases, which accounted for 0.4% of the outstanding shares of the Company’s common stock as of the beginning of the first quarter, were funded with cash on hand.

 

At the end of the first quarter, $73.2 million remained authorized and available for share repurchases and 18.7 million shares of common stock remained outstanding.

 

About Sturm, Ruger

 

Sturm, Ruger & Co., Inc. is one of the nation’s leading manufacturers of rugged, reliable firearms for the commercial sporting market. The only full-line manufacturer of American-made firearms, Ruger offers consumers over 400 variations of more than 30 product lines. For more than 60 years, Ruger has been a model of corporate and community responsibility. Our motto, “Arms Makers for Responsible Citizens,” echoes the importance of 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.

 

 

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