Smith & Wesson Brands, Inc. (SWBI)
NGS · Common · CUSIP 831754106
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Security Profile

Security Type
Common Stock
CUSIP
831754106 (prev. 02874P103 )
Market Cap
Large Cap · $1 Billion
Previous Symbol
AOBC (changed 6/1/2020)
Previous Name
American Outdoor Brands Corp.
Business: Smith & Wesson Brands, Inc. is a provider of quality products for shooting, hunting, and rugged outdoor enthusiasts in the global consumer and professional markets.. Firearms manufactures handgun and long gun products sold under the Smith & Wesson, M&P, and Thompson/Center Arms brands as well as provides forging, machining, and precision plastic injection molding services.
Notes: <b> Aug. 24, 2020 </b> -- Smith & Wesson Brands, Inc. (NASDAQ Global Select: SWBI), a U.S.-based leader in firearm manufacturing and design, today announced that it has completed the previously announced spin-off of its outdoor products and accessories business. Smith & Wesson Brands, Inc. will continue to trade on NASDAQ under the ticker symbol "SWBI." The spin-off company, American Outdoor Brands, Inc., will begin trading tomorrow on NASDAQ under the symbol "AOUT."<p> <b>July 31, 2020 </b> -- Smith & Wesson Brands, Inc. (NASDAQ Global Select: SWBI), one of the world's leading providers of firearms and quality products for the shooting, hunting, and rugged outdoor enthusiast, today announced that its board of directors has approved the previously announced separation from Smith & Wesson Brands, Inc. of its outdoor products and accessories business into an independent, publicly traded company. Upon consummation of the spin-off, the two companies will consist of: Smith & Wesson Brands, Inc., which will include the firearms business; and American Outdoor Brands, Inc., which will include the outdoor products and accessories business. <p> Smith & Wesson Brands will effect the separation through a spin-off whereby it will distribute 100 percent of the shares of American Outdoor Brands common stock to Smith & Wesson Brands' stockholders of record as of the close of business on the record date of August 10, 2020 on a pro rata basis. The distribution of American Outdoor Brands' shares is expected to be completed effective as of 12:01 a.m. Eastern Time on August 24, 2020, with Smith & Wesson Brands stockholders receiving one share of American Outdoor Brands common stock for every four shares of Smith & Wesson Brands stock. No fractional shares will be distributed in connection with the spin-off. A cash payment will be made in lieu of any fractional shares. Following the spin-off, American Outdoor Brands will be a separate publicly traded company independent from Smith & Wesson Brands. Smith & Wesson Brands will not retain any American Outdoor Brands common stock. Smith & Wesson Brands will continue to be listed on NASDAQ under the symbol "SWBI." American Outdoor Brands has received approval for the listing of its common stock on NASDAQ under the symbol "AOUT." <p> <b> June 1, 2020 </b>-- Smith & Wesson Brands, Inc. (NASDAQ Global Select: SWBI), (formerly American Outdoor Brands Corporation), one of the world’s leading providers of firearms and quality products for the shooting, hunting, and rugged outdoor enthusiast, has 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 distribution to its stockholders in late summer 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). The company also unveiled the logo for the American Outdoor Brands, Inc. spin-off company, which is also available for viewing

Company Contact

CEO
Mark P. Smith
CFO
Deana L. McPherson
Headquarters
2100 Roosevelt Avenue, Springfield, MA 01104
Phone
413-781-8300 · Toll-Free 800-331-0852
Investor Relations
413-747-3448 · investorrelations@smith-wesson.com
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