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On 19 June 2025, Sturm, Ruger & Company, Inc. (NYSE: RGR) filed a Form 8-K announcing two governance actions.
- Board expansion: The Board increased from nine to ten members and immediately elected Bruce Pettet, President & CEO of Leupold & Stevens, Inc., as an independent, non-management director.
- By-law amendment: Article 3, Section 2 of the Company’s by-laws was amended and restated to raise the maximum Board size to ten directors.
Pettet will receive the Company’s standard non-management director compensation disclosed in the 17 April 2025 proxy statement. The Board has not yet assigned him to any committees. The filing states there are no related-party arrangements or material transactions involving Pettet. No financial data, earnings information, or major transactions were included in this report.