Ruger and Beretta Holding enter cooperation; Beretta gets board seats, ownership cap to 25%

STURM RUGER & CO INC

Beretta Holding withdraws director nominations; Ruger's 9 candidates to stand unopposed at 2026 meeting.
After CFIUS approval, Beretta Holding may designate up to two independent directors to Ruger's board.
Perpetual ownership cap rises from 10% to 25% of voting securities upon regulatory clearances.
Beretta Holding required to launch tender offer at min $44.80/share for up to 15.05% of shares (not yet commenced).
Three-year standstill until 2029 annual meeting; Beretta Holding to vote with board recommendations in most cases.

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.95

STURM RUGER & CO INC entered into Cooperation Agreement with Beretta Holding S.A. with Beretta Holding S.A. valued at Agreement regarding Beretta Holding's shareholding, board composition, ownership cap, and tender off (effective 2026-05-02).

Action: entry
Counterparty: Beretta Holding S.A.
Value: Agreement regarding Beretta Holding's shareholding, board composition, ownership cap, and tender off
Effective: 2026-05-02

Exact text from the filing

On May 2, 2026, Sturm Ruger & Company, Inc. (“ Ruger ” or the “ Company ”) entered into an agreement (the “ Agreement ”) with Beretta Holding S.A. (“ Beretta Holding ”), regarding Beretta Holding’s shareholding in the Company, matters related to the composition of the Company’s board of directors (the “ Board ”) and certain other matters.

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273 material agreements filed in the last 30 days. Browse all material agreements →

STURM RUGER & CO INC filing history →

Source: SEC EDGAR

accession 0002077096-26-000113

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