Jeffrey D. Buchanan Plans to Retire from American Outdoor Brands Corporation as Member of the Board of Directors
November 13, 2019 at 04:20 pm EST
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American Outdoor Brands Corporation announced that its Board of Directors has unanimously approved proceeding with a plan to spin-off its outdoor products and accessories business as a tax-free stock dividend to its stockholders. The proposed transaction, which is expected to be completed in the second half of calendar 2020, would create two independent publicly traded companies: Smith & Wesson Brands Inc. and American Outdoor Brands Inc. James Debney, President and CEO, and Jeffrey D. Buchanan, Chief Financial Officer, will continue to lead AOBC until the completion of the separation and spin-off of the outdoor products and accessories business in the second half of calendar 2020. upon the successful completion of the spin-off, Buchanan plans to retire after 15 years of service to AOBC, including six years as a member of the Board of Directors prior to becoming the CFO.
Smith & Wesson Brands, Inc. is a manufacturer and designer of firearms. The Company manufactures a range of handguns (including revolvers and pistols), long guns (including modern sporting rifles, pistol caliber carbines, and lever action rifles), handcuffs, firearm suppressors, and other firearm-related products. It sells its products to a variety of customers, including firearm enthusiasts, collectors, hunters, sportsmen, competitive shooters, individuals desiring home and personal protection, law enforcement and security agencies and officers, and military agencies in the United States and throughout the world. The Company sells its products under the Smith & Wesson, and Gemtech brands. The Company also provides manufacturing services, including forging, machining, and precision plastic injection molding services. The Company manufactures its products at its facilities in Springfield, Massachusetts; Houlton, Maine; Deep River, Connecticut, and Maryville, Tennessee.
SMITH & WESSON BRANDS, INC. 
