Smith & Wesson parent fails to win majority support for CEO pay

FILE PHOTO: A Smith & Wesson logo is displayed during the annual National Rifle Association (NRA) convention in Dallas, Texas, U.S., May 6, 2018. REUTERS/Lucas Jackson

BOSTON (Reuters) – Smith & Wesson parent American Outdoor Brands Corp (AOBC.O) failed to win a majority of shareholder support for its executive pay, according to a transcript of the gunmaker’s annual meeting held on Tuesday.

Traditionally just a small fraction of U.S. companies fail to win a majority of support for the advisory measures. In addition a stockholder proposal calling for the company to adopt a human rights policy was not approved, the company said.

Reporting by Ross Kerber; Editing by Chizu Nomiyama

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