Debney Out at AOBC/Smith & Wesson On Eve Of SHOT Show

James Debney, CEO and President of American Outdoor Brands, was dismissed by the Board of Directors today. He had been slated to be the CEO of the American Outdoor Brands sporting goods segment when the company splits later this year.

From The Guardian

From the news release:

American Outdoor Brands Corporation, today announced that its Board of Directors has named Mark P. Smith and Brian D. Murphy as co-Presidents and co-Chief Executive Officers of American Outdoor Brands Corp., effective immediately.   Smith was most recently President of the Manufacturing Services Division of the company, while Murphy was most recently President of the Outdoor Products & Accessories Division.  In their co-leadership roles, Smith and Murphy succeed James Debney, who has separated as President and Chief Executive Officer and as a Director of the company, following the determination by the Board of Directors that he engaged in conduct inconsistent with a non-financial company policy.

The “inconsistent” conduct was not specified in the release.

Mark Smith was already slated to head the new Smith & Wesson Brands, Inc. after the spin-off.

Brian Murphy is now going to become the CEO and President of American Outdoor Brands, Inc. after the company is split into a sporting goods segment and a firearms segment.

Coming just before SHOT Show starts in less than a week, this is an interesting development.

The new release goes on to quote the Chairman of the Board Barry Monheit as saying:

We appreciate James’ contributions toward the growth and development of our company and its infrastructure.  The Board believes the company is fortunate to have two highly capable and experienced leaders in Mark Smith and Brian Murphy.  Each has played a critical role in the development of our strategic plans, including our intention to establish each business as an independent, publicly traded company.  In addition, Mark and Brian have each demonstrated, through years of leadership and service, their extensive knowledge of and passion for our company, our customers, and our industries.  Their capabilities and objectives position them well to share the combined CEO role as the team completes the separation of our two businesses later in 2020.  The Board has every confidence that they will provide the vision and determination to lead each independent company and its highly respected brand portfolio toward a successful future.

The Wall Street Journal reports that the spokesperson for the company did not provide any details on why Debney was fired beyond what is contained in the news release. Their article also takes note that the firing occurred just days before the SHOT Show was to begin.

Debney earned $3.76 million in compensation for the last year. Most of that compensation was due to bonuses and stock awards on top of his $750,000 salary.

More On S&W Changes

American Outdoor Brands Corporation held a shareholder update webcast on the plans to split the company. The webcast last for about 30 minutes if you want to listen to it. It can be found here.

I have embedded the slides for the presentation below. It shows which brands will go to Smith & Wesson and which brands will stay with American Outdoor Brands.

AOBC CEO James Debney acknowledged there had been significant changes in the political, financial, and insurance arenas over the past five years. Based on that, they decided it was in their best interest to separate into two distinct companies. It should be noted that the decision to make the split was in the works for many months. The timing of the announcement which the day after the Supreme Court’s denial of cert to Remington was merely coincidental.

AOBC Spin Off Deck Nov 2019 by jpr9954 on Scribd

S&W To Become Free-Standing Company

American Outdoor Brands Corporation announced today that it planned to separate into two publicly traded companies. One company would be focused on firearms (Smith & Wesson) while the other company would be dedicated to outdoor products (American Outdoor Brands). The split would be finalized in the second half of 2020 according to the press release.

Bloomberg reports that the split is part of “an effort that may help it boost values that have flagged under pressure for gun reforms in the U.S.” “Gun reforms” is the euphemism that Bloomberg is using for gun control.

While something like this would have been in the works for months, I find it interesting that the announcement is being made the day after the Supreme Court denied cert to Remington. Bloomberg does make reference to this in their article as well as moves by retailers such as Dick’s and Walmart to limit what firearms and ammunition they sell.

The official rationale for the split is to let each segment concentrate on their separate markets.

The purpose of the spin-off is to enable the management team of each company to focus on its specific strategies, including (1) structuring its business to take advantage of growth opportunities in its specific markets; (2) tailoring its business operation and financial model to its specific long-term strategies; and, (3) aligning its external financial resources, such as stock, access to markets, credit, and insurance factors, with its particular type of business.

AOBC Chair Barry Monheit said, ” There have been significant changes in the political climate as well as the economic, investing, and insurance markets since we embarked upon what we believe have been our very successful diversification efforts.” It is obvious to me that Monheit is speaking about both national and state efforts to impose more restrictions on firearms ownership and possession.

The move by American Outdoor Brands is similar to that of Vista Outdoor. In that case, Vista Outdoor was the firearms-centric portion of the ATK split. While initially the stronger part of the split company, the pull back in firearm and ammunition sales hit it hard. They finally sold off the Savage Arms portion of the business this summer to concentrate on ammunition and the other outdoor portions of their business.

James Debney, the current CEO, will become the CEO of American Outdoor Brands. Mark Smith will become CEO of Smith & Wesson. He is currently the president of the Manufacturing Services Division of AOBC.

The entire press release can be found here. It goes into much more detail on the lower leadership positions, finances, etc.

Consumer Safety Alert For S&W M&P 15-22

Smith & Wesson has issued a consumer safety alert for all versions of their M&P 15-22 manufactured before February 1, 2019. They found that in a couple of samples the breech face counter bore depth was not within manufacturing specifications and could cause slam fires.

The full alert sent out on Friday is below:

ESCRIPTION – Please Read This If You Have A M&P15-22 Rimfire Firearm.

PRODUCT AFFECTED:
ALL models of M&P15-22 rifles and pistols manufactured before February 1, 2019.

STOP USING YOUR M&P15-22 UNTIL IT HAS BEEN INSPECTED AND YOUR BOLT REPLACED (IF NECESSARY).
Smith & Wesson has identified two M&P15-22 firearms from
recent production on which the breech face counter bore depth was not
within manufacturing specification. In those firearms, the lack of depth
may allow the bolt, upon closing, to crush the rim of the case, causing
the round to fire, cycling the bolt, and potentially resulting in
multiple discharges without depressing the trigger. This issue can occur
in the following two scenarios:

1) With a loaded magazine in the firearm and the
bolt locked to the rear, depressing the bolt release to allow the bolt
to drop freely may ignite the round as the bolt closes without engaging
the trigger and with the safety selector in either the safe or the fire
position, and may also result in multiple discharges.

2) With a loaded magazine in the firearm, bolt in
the closed position and a round in the chamber and the safety selector
in the fire position, depressing the trigger will cause the round to
fire normally, however as the bolt cycles, the next round may be ignited
by the bolt crushing the rim of the case as it closes, causing multiple
discharges.

We believe that these are isolated incidents, however, any
unintended discharge of a firearm has the potential to cause injury.
Therefore, we have developed this inspection procedure to ensure that
all products in the field are safe to use. We are asking customers to
perform the following procedure and to refrain from using their
M&P15-22 until the bolt has been inspected and replaced as
necessary.

DESCRIPTION OF THE PRODUCT INVOLVED:
The out of specification condition has been found only in bolts
that were recently manufactured. While our investigation suggests that
the incidents are isolated, we have established this inspection
procedure as a precautionary matter to ensure that all M&P15-22
firearms in service meet our design specifications. We are asking
consumers of all M&P15-22 firearms manufactured before February 1,
2019 to inspect their bolt for this condition.

REMEDY/ACTION TO BE TAKEN:
The bolt from your M&P15-22 must be inspected to determine
whether it exhibits the condition identified in this notice. To
determine whether your firearm is affected by this condition, please
inspect your firearm by following the inspection instructions provided
here.
DOWNLOAD INSTRUCTION MANUAL | VIEW INSPECTION VIDEO

CLICK HERE FOR FAQ FACT SHEET
If you are uncomfortable in conducting the bolt inspection
outlined here, or are unsure whether the condition described in this
notice applies to your bolt, please send your bolt to Smith & Wesson
for inspection and replacement if necessary.

If
you want Smith & Wesson to perform the inspection, send your bolt
to Smith & Wesson for free inspection and replacement (if
necessary).

If
you want to perform the bolt inspection yourself, contact us for the
free M&P15-22 BOLT INSPECTION GAUGE Part Number: 3012155 OR place an
ORDER ONLINE to recieve inspection gauge.

If
the bolt from your firearm is affected by the condition outlined in
this notice, please send the bolt to Smith & Wesson. If necessary,
your bolt will be replaced at no cost to you. Your bolt will be returned
as quickly and efficiently as possible. All shipping and replacement
costs will be covered by Smith & Wesson.

To determine if this consumer advisory applies to your M&P15-22 firearm, please utilize our
SERIAL NUMBER VERIFICATION TOOL

Website For More Information: MP15-22SafetyAlert.com
Email: MP15-22SafetyAlert@smith-wesson.com
Customer Service Phone: 1-800-713-0356

M&P®380 SHIELD™ EZ™ CONSUMER ADVISORY

Smith & Wesson has issued a consumer advisory for their M&P 380 Shield EZ with a manual thumb safety.

Like any firearm, the function of the M&P®380 Shield™ EZ™ Manual Thumb Safety pistol can be influenced by the type and quality of ammunition used with the pistol. In the case of the M&P 380 Shield EZ Manual Thumb Safety, we have found that in very rare circumstances, ammunition that produces a high level of felt recoil can cause the manual safety to move from the fire to the “safety on” position during firing. Should this occur, you will not be able to fire the next round unless and until the manual safety is reset to the fire position.

At Smith & Wesson, we are committed to designing and producing firearms that meet the highest quality and performance standards. To ensure that every Smith & Wesson handgun meets our standards for reliability and performance, as of April 4, 2018, we have engineered the manual safety so that it will be less susceptible to the influence of ammunition weight, velocity and loads. Any M&P 380 Shield EZ Manual Thumb Safety pistol produced before April 4, is eligible for a no-cost upgrade. To determine if this consumer advisory applies to your pistol, please utilize our serial number verification tool.

If your pistol is subject to this advisory, please call Smith & Wesson at 1-800-331-0852 or email us at MP380EZAdvisory@Smith-Wesson.com. A FedEx return label and shipping instructions to facilitate the return of your M&P 380 Shield EZ pistol will be mailed to you promptly. If you have any questions, you may call 1-800-331-0852 for more information.

WARNING: READ AND FOLLOW THE WARNINGS IN YOUR OWNER’S MANUAL. NEVER USE “PLUS-P” (+P), “PLUS-P-PLUS” (+P+); OR RELOADED AMMUNITION WITH THE M&P 380 EZ. ALWAYS USE FACTORY MANUFACTURED AMMUNITION PRODUCED TO SAAMI SPECIFICATIONS.

You can find the serial number verification tool here. Remember, it is Friday the 13th and you don’t want to take any chances.

Finally Confirmed – S&W Buys Suppressor Maker Gemtech (Updated)

In what has to be considered the worst kept secret on the Interwebs, it was finally confirmed today that Smith & Wesson division of American Outdoor Brands Corp. is buying suppressor maker Gemtech (Gemini Technologies). The Firearm Blog announced it as breaking news on Sunday, July 2nd, and many people posted this to Facebook including myself.

Given that AOBC is a public company, SEC Regulation FD requires “companies to distribute material information in a manner reasonably designed to get that information out to the general public broadly and non-exclusively.” A purchase of this magnitude would certainly have been “material”. I kept looking for a news release on AOBC’s investor relations website as well as for a 8-K filing on the SEC’s website regarding this purchase. 8-K filings usually are simultaneous with new releases though a company has up to four business days to make the filing. I could not find anything official on the purchase of Gemtech.

While I assumed that there was indeed a transaction that was going to take place, not having official confirmation told me one of two things. First, that the transaction wasn’t a done deal yet and maybe there was a snag in the negotiations. Second, it could have meant – and I think this is what happened here – that someone, somewhere jumped the gun on the announcement and violated a non-disclosure agreement.

I think the timing is right for both companies involved. S&W competitors Ruger and SIG both now produce their own suppressor lines. So, too, does Remington with their AAC division. The purchase of Gemtech now allows S&W into the game at a significant level without having to start from scratch. It may also signify a vote of confidence on the part of AOBC and S&W that the Hearing Protection Act will pass as either a stand alone bill or as part of the SHARE Act.

According to Gemtech’s website, they have been in the suppressor business since 1976. While I don’t know how the ownership of Gemtech is structured, I’m guessing that what we are seeing here is a situation similar to that of Crimson Trace. The founder(s) have reached a point where they want to relax a bit and this gives them the opportunity to cash out while still maintaining a presence. Thus, the purchase of Gemtech by S&W becomes a win-win situation for all involved.

The official release is below and notes that the current CEO of Gemtech, Ron Martinez, will stay on as General Manager.

SPRINGFIELD, Mass., July 5, 2017 /PRNewswire/ — American Outdoor Brands Corporation (NASDAQ Global Select: AOBC), a leading manufacturer of firearms and a provider of quality accessory products for the shooting, hunting, and rugged outdoor enthusiast, today announced that its firearms business, Smith & Wesson Corp., has agreed to acquire substantially all of the assets of Gemini Technologies, Incorporated (“Gemtech”), a provider of high quality suppressors and accessories for the consumer, law enforcement, and military markets.

James Debney, President and CEO of American Outdoor Brands, said, “Gemtech is widely recognized for producing some of the finest rifle and pistol suppressors in the market. Gemtech’s strong product development capabilities, combined with our experience in brand management and our manufacturing expertise, will help us to efficiently develop both firearms and suppressors, minimizing our time to market for both product categories. We view this acquisition as opportunistic, allowing us to enter the suppressor category, which resonates strongly with our core firearm consumer, at a time when the market is particularly soft. These elements combine to make Gemtech an excellent fit with our long term strategy.”

The company intends to complete the acquisition of Gemtech utilizing cash on hand and expects the transaction to close this summer. Ron Martinez, President of Gemtech, will continue in his leadership role as General Manager, heading up the company’s strong team located in Eagle, Idaho.

UPDATE: On Monday I had written Liz Sharp, VP for Investor Relations at AOBC, inquiring why there was no release on the purchase of Gemtech and asked if the info had leaked prior to the official release. I got a response back last night after I had written this post. It seems that since AOBC didn’t buy Gemtech but just their assets it was not considered “material”.

Hello, John, and thank you for the inquiry. Yes, Smith & Wesson will purchase the assets of Gemtech in a transaction that we plan to close this summer. Since the transaction is an asset purchase and not deemed to be material, we announced the transaction internally to our employees prior to the holiday, and externally via a press release this morning. … We believe this is a great fit with our strategy. Please let me know if I can help further, and thanks again for the inquiry.

S&W Wants To Change It Corporate Name

Smith & Wesson Holding Company filed a Sec. 14A Proxy Statement with the Securities and Exchange Commission today. It was to issue a notice of a special stockholders meeting on December 13th. This meeting is to have the stockholders approve a corporate name change from Smith & Wesson Holding Company to American Outdoor Brands Corporation.

WTF?

You can see the proposal that has been approved by the Board of Directors below. I fully realize that they have bought companies like Crimson Trace and Battenfield Technologies in recent years. While they will be keeping the Smith & Wesson name for their firearms subsidiary, this smacks too much of the Freedom Group aka Remington Outdoor Company.

As a shareholder of SWHC stock, my intention is to vote no on this proposal. This is a personal decision and has nothing to do with my day job. You might have a different opinion on this and, if so, I’d love to hear it in the comments.

PROPOSAL ONE
APPROVAL OF THE SECOND AMENDED AND RESTATED ARTICLES OF INCORPORATION TO CHANGE OUR CORPORATE NAME FROM SMITH & WESSON HOLDING CORPORATION TO AMERICAN OUTDOOR BRANDS CORPORATION
Our Board of Directors has approved the Second Amended and Restated Articles of Incorporation to change our corporate name from Smith & Wesson Holding Corporation to American Outdoor Brands Corporation. We now seek stockholder approval of the Second Amended and Restated Articles of Incorporation to accomplish the name change. We believe that the proposed name change will better reflect our increasingly diverse business and stated vision to become the leading provider of quality products for the shooting, hunting, and rugged outdoor enthusiast. As such, the proposed name change will better convey to existing and potential investors the nature of our expanding business around a number of individual but synergistic companies. We also believe that the proposed name change will better differentiate our identity, as a holding company, from the identity of our firearm subsidiary, both of which currently carry the name “Smith & Wesson.”
Currently, we are a holding company that owns, directly and indirectly, a family of consumer product companies addressing the shooting, hunting, and rugged outdoor markets, including Smith & Wesson Corp., Battenfeld Technologies, Inc., Crimson Trace Corporation, Deep River Plastics, LLC, and BTI Tools, LLC. Those subsidiary companies operate in four divisions and manage multiple brands, including the following:
BOG–POD ® – Tripods, Bipods, Monopods, and Accessories
Caldwell ® – Shooting Supplies
Crimson Trace ® – Electro Optics
Deep River Plastics™ – Precision Plastic Injection Molding
Frankford Arsenal ® – Reloading Tools
Golden Rod ® – Moisture Control
Hooyman ® – Outdoor Saws and Accessories
Lockdown ® – Vault and Safety Accessories
M&P ® – Firearms and Outdoor Accessories such as Bags, Knives, Specialty Tools, and Flashlights
Non–Typical™ – Wildlife Solutions
Old Timer ® – Knives and Specialty Tools
Performance Center ® – High Performance, Specialty, and Custom Firearms
Schrade ® – Knives and Specialty Tools
Smith & Wesson ® – Firearms and Outdoor Accessories such as Bags, Knives, Specialty Tools, and Flashlights
Thompson/Center™ – Hunting Firearms and Accessories
Tipton ® – Firearm Cleaning Supplies
Uncle Henry ® – Knives and Specialty Tools
Wheeler ® Engineering – Gunsmithing Supplies
Each of our subsidiary company’s brands has tremendous value and meaning to its loyal customer base, and each subsidiary company will retain its current name under this proposal so that it can continue to benefit from the brand equity that has been built over the years. Our existing firearms business subsidiary will continue to operate as, and be named, Smith & Wesson Corp. This subsidiary owns the 164 year old Smith & Wesson brand – a brand that is one of our strongest assets and a brand that must be preserved, supported, and protected so that we may continue to benefit from its iconic nature. Thus, changing our name is not intended to diminish the importance of the Smith & Wesson brand in our portfolio. Rather, our new name will represent a broader and more inclusive platform from which to expand into the shooting, hunting, and rugged outdoor markets.
We believe that changing our corporate name to American Outdoor Brands Corporation will better reflect our strategic focus on the shooting, hunting, and rugged outdoor markets. Changing our name will not result in any change in the name of any subsidiary company or any branded product marketed by any of those subsidiary companies, and, if the proposal is approved, our corporate structure would remain the same.
4    
     LOGO
Special Proxy Statement

Table of Contents
  PROPOSAL ONE  
If approved by the stockholders, the proposed Second Amended and Restated Articles of Incorporation will become effective upon the filing of the Second Amended and Restated Articles of Incorporation with the Secretary of State of the state of Nevada, which we anticipate will occur on or about January 1, 2017. At the same time, we also anticipate we will adopt the symbol “AOBC” for our stock exchange listing, as it will be more closely aligned with our new name.
A copy of the proposed Second Amended and Restated Articles of Incorporation that would be filed with the Secretary of State of the state of Nevada to effect the name change is attached hereto as Appendix A and is hereby incorporated by reference into this proxy statement; provided, however, that such Second Amended and Restated Articles of Incorporation are subject to change or modification to include any technical changes as may be required by the office of the Secretary of State of the state of Nevada.
On the date of this proxy statement, we issued a press release regarding our proposed corporate name change. A copy of the press release is attached hereto as Appendix B and is hereby incorporated by reference into this proxy statement.
OUR BOARD OF DIRECTORS RECOMMENDS A VOTE “FOR” THE PROPOSAL TO APPROVE THE SECOND AMENDED AND RESTATED ARTICLES OF INCORPORATION TO CHANGE OUR CORPORATE NAME FROM SMITH & WESSON HOLDING CORPORATION TO AMERICAN OUTDOOR BRANDS CORPORATION.

Smith & Wesson Does Their Own Bit Of Shopping

Smith and Wesson Holdings Corporation (SWHC), the parent company of Smith & Wesson, got started early on their Black Friday shopping. They are reported to have purchased Battenfield Technologies for approximately $130 million. Battenfield Technologies is a Columbia, Missouri-based maker of firearms accessories.

Smith & Wesson Chief Executive James Debney said the acquisition “fits perfectly within our core firearm business. It also allows us to move more strongly into the hunting vertical as well as establish a strong platform for growth in our existing firearm accessories business, which has been a small but highly profitable part of our company.”

Smith & Wesson expects the deal, set to close in mid-to-late December, to boost the company’s margins, earnings and cash generation in its business year ending in April 2016. The move is also expected to contribute incremental revenue of more than $55 million for the 2016 business year.

Battenfeld Chief Executive Jim Gianladis will serve as the president of Battenfeld Technologies and will report directly to Mr. Debney.

Battenfeld was acquired by private-equity firm Clearview Capital in June 2012.

Battenfield’s brands include Caldwell, Wheeler Engineering, Tipton Cleaning Supplies, Frankford Arsenal, Bog-Pod, Lockdown, Golden Rod Moisture Control, and Non-Typical Wildlife Solutions.

Battenfield was owned until 2012 by Larry Porterfield of MidwayUSA and his family. They sold their interest in the company to Clearview Capital and to members of the Battenfield management team.

A Partnership That Makes Sense

Smith & Wesson and General Dynamics announced today that they would be partnering on a submission for the Army’s Modular Handgun System. This is the Army’s plan to upgrade their sidearm’s from the Beretta M9 which is getting a little long in the tooth.

When you think about it, this partnership makes a lot of sense. Smith & Wesson knows handguns and has done very well with their polymer striker-fired M&P platform. General Dynamics knows defense contracting and they are one of the largest defense contractors making everything from nuclear submarines to Gatling guns.

It will be interesting to see what they come up with. Other handgun manufacturers would be smart to follow their lead in approaching this as a joint project.

Below is the joint press release from Smith & Wesson and General Dynamics:

ST. PETERSBURG, Fla. – General Dynamics Ordnance and Tactical Systems and Smith &Wesson Holding Corp. are partnering to pursue the U.S. Army’s Modular Handgun System (MHS) solicitation to replace the M9 standard Army sidearm.

The strategic partnership’s Modular Handgun System will be based on the Smith &Wesson M&P Polymer Pistol platform. Designed with a reinforced polymer chassis, superior ergonomics, ambidextrous controls, and proven safety features, the M&P is used by U.S. and law enforcement agencies worldwide. The M&P’s features make it well suited for the MHS requirement by providing sidearms that exceed the military’s expectations for a future modular handgun in terms of performance, reliability and durability. The M&P pistol has been in production since 2005.

“This partnership combines General Dynamics’ proven legacy in manufacturing military armaments with Smith &Wesson’s extensive experience in designing and manufacturing firearms for commercial applications,” said Tim McAuliffe, vice president and general manager of medium caliber ammunition and weapons for General Dynamics Ordnance and Tactical Systems. “General Dynamics’ extensive background in winning and managing military contracts brings proven leadership to the venture and by joining together, we will use our combined knowledge and expertise to bring this unique capability to the U.S. military to better equip the warfighter.”

Smith &Wesson President and CEO, James Debney, said, “The strategic partnership between our two companies provides us with a tremendous opportunity to support our military with a state-of-the-art sidearm, namely our M&P pistol. General Dynamics Ordnance and Tactical Systems brings us a wealth of experience and resource in federal government contracting and that capability is an ideal match with our knowledge in handgun manufacturing technology. We look forward to working together to pursue this exciting opportunity to support our military.”

The Army’s draft MHS solicitation identifies design and performance requirements for a new modular handgun system that can be easily adjusted to fit all hand sizes and is optimized for improved gun, ammunition and magazine performance. The Army’s stated plan is to commence the competition in January 2015, with delivery of the first new handgun systems in 2017.

Stepping Up To The Plate In California

As I reported earlier this month, both Ruger and Smith & Wesson have taken a stand against the California Department of Justice Handgun Roster by letting numerous popular models of their handguns drop off the list. In other words, they refuse to make a California-only model that includes a microstamped firing pin.

Now Mike Fifer and James Debney, the CEOs of Ruger and Smith & Wesson respectively, have filed Declarations in support of the plaintiffs challenging the Handgun Roster in the long-running case of Pena v. Lindley. This is a case being brought by the CalGuns Foundation and the Second Amendment Foundation in US District Court for the Eastern District of California.

The Declaration of Ruger CEO Mike Fifer can be found here. In it he says that the microstamping requirement is unworkable and that no firearms manufacturer has been able to implement it.

The Declaration of S&W CEO James Debney says that the technology is unworkable and that “the state law requires the technology to perform at a level it cannot.” Debney goes on to point out that many of their handguns also do not have mag disconnects and loaded chamber indicators.

These Declarations join the amicus curie brief of Glock, Inc. in arguing against the Handgun Roster and in favor of the plaintiffs’ position.

The Second Amendment Foundation welcomed the support from all three firearms manufacturers in a release put out yesterday shown below.

SAF THANKS GUN COMPANIES FOR
SUPPORT IN CA MICROSTAMPING CASE

BELLEVUE, WA – The Second Amendment Foundation is expressing heartfelt gratitude today to three major firearms companies – Ruger, Smith & Wesson and Glock – for their supporting documents in the on-going case of Pena v. Lindley, a lawsuit challenging the California handgun roster requirements that include microstamping and magazine disconnects.

Earlier this week, Ruger CEO Michael O. Fifer and Smith & Wesson President and CEO James Debney submitted declarations to the court, explaining their respective companies’ positions on the California microstamping requirement. Late last year, attorneys representing Glock, Inc. filed an amicus curiae brief supporting the SAF case.

“SAF will be eternally grateful for the timely support from all three companies, which we believe strongly reinforces our case,” said SAF founder and Executive Vice President Alan M. Gottlieb. “The statements from Messrs. Debney and Fifer confirm what we have argued all along, that California’s requirements place an undue burden on both consumers and manufacturers.”

In his statement, Fifer bluntly observed, “There is no workable microstamping technology today, and Ruger believes that California’s microstamping regulations make compliance impossible.”

Debney concurs in his statement, noting, “Smith & Wesson does not believe it is possible currently to comply with California’s microstamping regulations. Quite simply, the state law requires the technology to perform at a level that it cannot.”

In its earlier brief, submitted by attorneys Erik S. Jaffe of Washington, D.C. and John C. Eastman of Orange, Calif., Glock maintained that neither its pistols nor any other handgun in common use can comply with California’s microstamping mandate.

“You cannot regulate handguns out of existence or out of the marketplace by mandating technology that doesn’t work,” Gottlieb observed. “Now three major gun companies have weighed in and we’re confident their opinions will carry a lot of weight.”

The impact of the microstamping requirement on handguns available for sale in California can be seen in this infographic from the CalGuns Foundation.  It is not a pretty picture and not a Constitutional one in my opinion.