Sturm, Ruger & Company, Inc. (NYSE:RGR) ("Ruger" or the "Company") today announced that the applicable regulatory conditions under its previously announced Strategic Cooperation Agreement ("Agreement") with Beretta Holding S.A. ("Beretta Holding") have been satisfied.

Therefore, consistent with the terms of the Agreement, the Company’s Board of Directors (the "Board") has unanimously approved an amendment (the "Amendment") to the Company’s shareholder rights plan (the "Rights Plan") pursuant to which the final expiration date has been accelerated from October 13, 2026 to September 16, 2026. The effect of the Amendment is to terminate the Rights Plan at the close of business today. Shareholders are not required to take any action in connection with the expiration of the Rights Plan.

In deciding to accelerate the final expiration date the Board evaluated the Company’s current circumstances and determined that an active Rights Plan is not necessary at this time to serve the best interests of the shareholders.

The terms of the Agreement remain unchanged.