Smith & Wesson Brands, Inc. (NASDAQ Global Select: SWBI) is a provider of quality products for shooting, hunting, and rugged outdoor enthusiasts in the global consumer and professional markets. The Company reports two segments: Firearms and Outdoor Products & Accessories. The company’s Firearms segment manufactures handgun, long gun, and suppressor products sold under the iconic Smith & Wesson®, M&P®, Thompson/Center Arms™, and Gemtech® brands, as well as provides forging, machining, and precision plastic injection molding services.
On June 1, 2020, the company changed its name from American Outdoor Brands Corporation to Smith & Wesson Brands, Inc. and its ticker symbol from AOBC to SWBI. The name change reflects the company’s preparation for the previously announced spin-off of its outdoor products and accessories business as a tax-free stock dividend to its stockholders in the second half of calendar 2020, a transaction that would create two independent publicly traded companies: Smith & Wesson Brands, Inc. (which would encompass the firearm business) and American Outdoor Brands, Inc. (which would encompass the outdoor products and accessories business).
No, there is no action you need to take. Any records related to your stock holdings in American Outdoor Brands Corporation (NASDAQ: AOBC) were automatically changed to Smith & Wesson Brands, Inc. (NASDAQ: SWBI).
No, there is no action you need to take. If you were a stockholder on the record date of August 10, 2020, you automatically received shares in the spin-off company, American Outdoor Brands, Inc. (NASDAQ: AOUT). If you have questions regarding your share distribution related to the spin-off, you should contact your stock broker directly, or you can email firstname.lastname@example.org
Also known as the distribution ratio, Smith & Wesson Brands, Inc. stockholders were entitled to receive one share of American Outdoor Brands, Inc. (NASDAQ: AOUT) stock for every four shares of Smith & Wesson Brands, Inc. (NASDAQ: SWBI) stock they owned on the record date of August 10, 2020.
Smith & Wesson was founded in 1852. While its ownership changed hands numerous times between 1852 and 2001, it remained a privately held company. On May 11, 2001, Saf-T-Hammer Corporation, a small, publicly traded corporation, acquired Smith & Wesson Corp. from Tomkins PLC, a U.K. holding company. On February 14, 2002, Saf-T-Hammer Corporation’s name was changed to Smith & Wesson Holding Corporation with a ticker symbol of SWHC. On January 1, 2017, the holding corporation’s name was changed to American Outdoor Brands Corporation and its ticker symbol on the Nasdaq became AOBC. On June 1, 2020, in preparation for the spin-off of its outdoor products and accessories business as an independent, publicly traded company later in the year, the corporation’s name was changed to Smith & Wesson Brands, Inc. and its ticker symbol on the Nasdaq became SWBI. The spin-off was completed on August 24, 2020, at which time Smith & Wesson Brands, Inc. became a pure play firearms company.
Smith & Wesson Brands, Inc. is traded under the ticker symbol SWBI on the Nasdaq Global Select Market.
2100 Roosevelt Avenue
Springfield, MA 01102
As of April 30, 2020, the company had approximately 2000 full time employees.
Issuer Direct Corporation
Attn: Julie Felix
1981 E. Murray Holladay Rd., Suite 100
Salt Lake City, UT 84117
(801) 272-9294, ext. 712
The company operates on a fiscal year beginning on May 1 and ending each April 30. The company typically hosts a management conference call immediately following the release of its quarter earnings. Information on the most recent call can be located by clicking here.
The annual stockholders’ meeting generally takes place each September, but also can take place in the early or middle part of October.
For a current stock quote click here.
To purchase Smith & Wesson Brands, Inc. stock, contact a registered stockbroker. The company does not offer a direct stock purchase program at this time.