Smith & Wesson amends bylaws to add universal proxy mechanics and exclusive forum provision

On February 28, 2023, in connection with responding to the new Securities and Exchange Commission rules regarding universal proxy cards and a periodic review of the bylaws of Smith & Wesson Brands, Inc., a Nevada corporation (the “ Company ”), the board of directors of the Company (the “ Board ”) approved and adopted amended and restated bylaws of the Company (the “ Amended and Restated Bylaws ”), which are effective immediately. Among other things, the amendments effected by the Amended and Restated Bylaws: • Enhance procedural mechanics and disclosure requirements in connection with stockholder nominations of directors made in connection with annual and special meetings of stockholders by, including, without limitation: • Adding a requirement that any stockholder submitting a nomination notice make a representation as to whether such stockholder intends to solicit proxies in support of director nominees other than the Company’s nominees in accordance with Rule 14a-19 under the Securi