Death of Townsend Hornor, Director
September 13, 2005
Sturm, Ruger & Company, Inc. (NYSE: RGR) regrets to announce that Company Director Townsend Hornor passed away at his home in Osterville, Massachusetts on September 11, 2005 after a brief bout with cancer.
Mr. Hornor had been a Company Director since April of 1972, and was the Chairman of the Nominating and Corporate Governance Committee of the Board of Directors, as well as a member of the Board's Audit and Compensation Committees. He was also a Director of the Nickerson Lumber Company, co-founder and Chairman of the National Marine Life Center, a Director of the Woods Hole Oceanographic Institute, past President and Chairman of the Naval War College Foundation, and a trustee or director of many other charitable organizations.
Mr. Hornor originally retired from a career in investment banking, having been the First Vice President and General Partner of White Weld & Company. He was a Senior Securities Analyst member of the Boston and New York Societies of Securities Analysts.
Sturm, Ruger Chairman and CEO William B. Ruger, Jr. commented, " 'Townie', as he was known to his friends, worked diligently over the 33 years of his association with the Company in our best interests and to our great benefit. We will miss him very much as both friend and colleague."
About Sturm, Ruger & Co., Inc.
Sturm, Ruger & Co., Inc. is one of the nation's leading manufacturers of rugged, reliable firearms for the commercial sporting market. The only full-line manufacturer of American-made firearms, Ruger offers consumers over 400 variations of more than 30 product lines. For more than 60 years, Ruger has been a model of corporate and community responsibility. Our motto, "Arms Makers for Responsible Citizens®," echoes the importance of these principles as we work hard to deliver quality and innovative firearms.
The Company may, from time to time, make forward-looking statements and projections concerning future expectations. Such statements are based on current expectations and are subject to certain qualifying risks and uncertainties, such as market demand, sales levels of firearms, anticipated castings sales and earnings, the need for external financing for operations or capital expenditures, the results of pending litigation against the Company, the impact of future firearms control and environmental legislation, and accounting estimates, any one or more of which could cause actual results to differ materially from those projected. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to publish revised forward-looking statements to reflect events or circumstances after the date such forward-looking statements are made or to reflect the occurrence of subsequent unanticipated events.
Sturm, Ruger & Co., Inc. “Arms Makers for Responsible Citizens®”