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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM 8-K
Current report pursuant to Section 13 or 15(d) of the Securities Exchange Act
of 1934
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Date of report (Date of earliest event reported): June 25, 1997
STURM, RUGER & COMPANY, INC.
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(Exact Name of Registrant as Specified in Charter)
Delaware 001-10435 06-0633559
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(State or Other Jurisdiction (Commission File Number) (IRS Employer
of Incorporation) Identification No.)
Lacey Place, Southport, Connecticut 06490
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(Address of principal executive offices) (zip code)
(203) 259-7843
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(Registrant's telephone number, including area code)
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Item 5. Other Events
On June 25, 1997, Sturm, Ruger & Company, Inc. issued the following press
release:
(Sturm, Ruger & STURM, RUGER & Company, Inc.
Company, Inc. Logo) Southport, Connecticut 06490 U.S.A.
ALL RUGER FIREARMS ARE DESIGNED AND
MANUFACTURED IN OUR OWN FACTORIES IN THE
UNITED STATES OF AMERICA
For further information contact:
Gerald W. Bersett (603) 863-3300
Erle G. Blanchard (203) 259-7843
William B. Ruger, Jr. (603) 863-3300
Stephen L. Sanetti (203) 259-7843
FOR IMMEDIATE RELEASE
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STURM, RUGER ANNOUNCES PURCHASE OF ANTELOPE HILLS FOUNDRY
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AND A NEW ORDER FROM CALLAWAY GOLF
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Southport, CT -- June 25, 1997 -- Sturm, Ruger Chairman William B.
Ruger announced today that the Company will purchase Callaway Golf's 50%
interest in the recently completed Antelope Hills foundry for a sum of $7
million, representing Callaway Golf's contribution to this former joint venture.
Sturm, Ruger (NYSE symbol RGR) will become the sole owner and operator of the
Antelope Hills foundry, which will operate as part of the Ruger Investment
Casting facilities located in Prescott, Arizona.
Also announced today was Callaway Golf's agreement to order an
additional 1 million cast titanium golf club heads from Ruger Investment
Casting, over and above the present orders being manufactured and sold by Ruger
for Callaway Golf. This substantial new order will be shipped on a monthly basis
in accordance with Callaway's requirements, beginning in early 1998.
Chairman William B. Ruger stated, "This new arrangement makes Sturm,
Ruger & Company the sole owner of the most complete and efficient foundry of its
kind specializing in large production of titanium components. Sturm, Ruger &
Company becomes an active and strongly committed member of the golf industry.
Sturm, Ruger & Company will also have the capacity to be of service to many
other industries, with the effect that the Company has achieved a major
diversification without dilution or the assumption of debt."
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Sturm, Ruger was founded in 1949. Since 1950 it has never failed to
show an annual profit and has never required financing from outside sources.
The Company's business segments are engaged in the manufacture of the
world famous RUGER brand of sporting and law-enforcement firearms and titanium,
ferrous, and aluminum investment castings for a wide variety of customers and
end uses. Plants are located in Newport, New Hampshire, Manchester, New
Hampshire, and Prescott, Arizona. Corporate Headquarters are located in
Southport, Connecticut.
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SIGNATURES
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Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
STURM, RUGER & COMPANY, INC.
Date: July 7, 1997 By: /s/ ERLE G. BLANCHARD
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Erle G. Blanchard
Principal Financial and Accounting
Officer, Vice President, Controller
