secwatch.observer — SEC 8-K summary
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Issuer:     SMITH & WESSON BRANDS, INC. (SWBI)
CIK:        0001092796
Form:       8-K
Filed at:   2021-09-30T23:59:59+00:00
Accession:  0001193125-21-287442
Event type: other_material
Sentiment:  neutral
Materiality: 0.80
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Smith & Wesson to relocate HQ to Maryville, TN by 2023; $120M investment, EPS accretion $0.10-$0.12/yr
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- Relocation from Springfield, MA to Maryville, TN; total investment $120M funded from cash on hand; expected to add $0.10-0.12 to EPS annually when fully operational.
- Approximately 750 jobs to move; new facility will house HQ, plastic injection molding, pistol/long gun assembly, and distribution.
- Springfield facility will be reconfigured but remain operational with over 1,000 employees; Deep River, CT and Columbia, MO facilities to be closed/sold.
- Project agreement requires creating at least 620 jobs at avg. wage $25.97/hr and spending at least $120M by Dec 2025; contingent on de-annexation/annexation by Apr 2022.
- Move triggered by proposed MA legislation restricting manufacturing of firearms that made up over 60% of revenue; company cites need for business-friendly environment.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1092796/000119312521287442/0001193125-21-287442-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1092796/000119312521287442/d181384d8k.htm
  HTML page:      https://secwatch.observer/filing/0001193125-21-287442

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