<SEC-DOCUMENT>0001174947-16-002610.txt : 20160505
<SEC-HEADER>0001174947-16-002610.hdr.sgml : 20160505
<ACCEPTANCE-DATETIME>20160505170122
ACCESSION NUMBER:		0001174947-16-002610
CONFORMED SUBMISSION TYPE:	8-K
PUBLIC DOCUMENT COUNT:		2
CONFORMED PERIOD OF REPORT:	20160503
ITEM INFORMATION:		Submission of Matters to a Vote of Security Holders
ITEM INFORMATION:		Other Events
FILED AS OF DATE:		20160505
DATE AS OF CHANGE:		20160505

FILER:

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			STURM RUGER & CO INC
		CENTRAL INDEX KEY:			0000095029
		STANDARD INDUSTRIAL CLASSIFICATION:	ORDNANCE & ACCESSORIES, (NO VEHICLES/GUIDED MISSILES) [3480]
		IRS NUMBER:				060633559
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		8-K
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-10435
		FILM NUMBER:		161624774

	BUSINESS ADDRESS:	
		STREET 1:		1 LACEY PLACE
		CITY:			SOUTHPORT
		STATE:			CT
		ZIP:			06490
		BUSINESS PHONE:		2032597843

	MAIL ADDRESS:	
		STREET 2:		1 LACEY PLACE
		CITY:			SOUTHPORT
		STATE:			CT
		ZIP:			06490
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<FILENAME>form8k-16036_rgr.htm
<DESCRIPTION>8-K
<TEXT>
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<P STYLE="margin: 0"></P>

<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">SECURITIES AND EXCHANGE COMMISSION</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Washington, D.C. 20549</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>FORM 8-K</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>CURRENT REPORT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Pursuant to Section 13 or 15(d) of the</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Securities Exchange Act of 1934</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>Date of Report (Date of earliest event reported)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>May 3, 2016</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 18pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>STURM, RUGER &amp; COMPANY, INC.</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Exact Name of Registrant as Specified in its
Charter)</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 33%; padding-right: 4pt; padding-left: 4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>DELAWARE</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(State or Other Jurisdiction of Incorporation)</P></TD>
    <TD STYLE="width: 34%; padding-right: 4pt; padding-left: 4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>001-10435</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(Commission File Number)</P></TD>
    <TD STYLE="width: 33%; padding-right: 4pt; padding-left: 4pt">
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"><B>06-0633559</B></P>
        <P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">(IRS Employer Identification Number)</P></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 67%; padding-right: 5.4pt; font-weight: bold; text-align: center; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">ONE LACEY PLACE, SOUTHPORT, CONNECTICUT</FONT></TD>
    <TD STYLE="width: 33%; padding-right: 5.4pt; font-weight: bold; text-align: center; font-size: 10pt"><FONT STYLE="font-family: Times New Roman, Times, Serif">06890</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">(Address of Principal Executive Offices)</FONT></TD>
    <TD STYLE="padding-right: 5.4pt; padding-left: 5.4pt; font-size: 10pt; text-align: center"><FONT STYLE="font-family: Times New Roman, Times, Serif">(Zip Code)</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Registrant&rsquo;s telephone number, including
area code <B>(203) 259-7843</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in">Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions
(<I>see</I> General Instruction A.2. below):</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in"><FONT STYLE="font-family: Wingdings">&uml;</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Written
communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in"><FONT STYLE="font-family: Wingdings">&uml;</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in"><FONT STYLE="font-family: Wingdings">&uml;</FONT><FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d 2(b))</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 12pt; text-indent: 0.5in"><FONT STYLE="font-family: Wingdings">&uml;</FONT> <FONT STYLE="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))</FONT></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">Page 1 of 4</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"></P>

<TABLE CELLPADDING="0" CELLSPACING="0" BORDER="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 0.75in"><B>Item 5.07</B></TD>
    <TD><B>Submission of Matters to a Vote of Security Holders</B></TD></TR>
</TABLE>


<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 1in; text-indent: -1in"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 48.95pt">At the Company&rsquo;s Annual Meeting of Shareholders
on May 3, 2016 (the &ldquo;Annual Meeting&rdquo;), the shareholders voted on the following three proposals and cast their votes
as described below.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 9pt 0 0">Proposal 1</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 9pt 0 0; text-indent: 48.95pt">The individuals listed below were elected
at the Annual Meeting to serve a one-year term on the Company&rsquo;s Board of Directors.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 9pt 0 0; text-indent: 48.95pt">&nbsp;</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 90%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">Votes For</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">Votes Withheld</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">Non Votes</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 31%; text-align: left; padding-left: 5.4pt">John A. Cosentino, Jr.</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 20%; text-align: right">12,792,634</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 20%; text-align: right">171,886</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 20%; text-align: right">4,519,809</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Michael O. Fifer</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,906,925</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">57,595</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,519,809</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Sandra S. Froman</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,896,391</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">68,129</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,519,809</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">C. Michael Jacobi</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">11,199,601</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">1,764,919</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,519,809</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Terrence G. O&rsquo;Connor</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,903,038</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">61,482</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,519,809</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Amir P. Rosenthal</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,767,671</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">196,849</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,519,809</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Ronald C. Whitaker</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,795,933</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">168,587</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,519,809</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left; padding-left: 5.4pt">Phillip C. Widman</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">12,371,127</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">593,393</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">4,519,809</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Proposal 2</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 9pt 0 0; text-indent: 48.95pt">Proposal 2 was a management proposal
to ratify the appointment of RSM US LLP as the Company&rsquo;s independent registered public accounting firm for 2016, as described
in the proxy materials. This proposal was approved.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 90%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="text-align: justify">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="text-align: justify">&nbsp;</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">Votes For</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">Against</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">Abstain</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 23%; text-align: right"></TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 22%; text-align: right">17,344,730</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 22%; text-align: right">90,125</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 22%; text-align: right">49,474</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: White">
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right"></TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD><TD>&nbsp;</TD>
    <TD STYLE="text-align: left">&nbsp;</TD><TD STYLE="text-align: right">&nbsp;</TD><TD STYLE="text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Proposal 3</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 9pt 0 0; text-indent: 48.95pt">Proposal 3 was a management proposal
to hold an advisory vote on executive compensation, as described in the proxy materials. This proposal was approved.</P>

<TABLE CELLPADDING="0" CELLSPACING="0" ALIGN="CENTER" STYLE="border-collapse: collapse; width: 90%; font: 10pt Times New Roman, Times, Serif">
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD><TD>&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: right">&nbsp;</TD></TR>
<TR STYLE="vertical-align: bottom">
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">Votes For</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">Against</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">Abstain</TD><TD STYLE="padding-bottom: 1pt">&nbsp;</TD>
    <TD COLSPAN="3" STYLE="text-align: center; border-bottom: Black 1pt solid">Non Votes</TD></TR>
<TR STYLE="vertical-align: bottom; background-color: rgb(204,238,255)">
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 23%; text-align: right">12,481,756</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 22%; text-align: right">415,435</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 22%; text-align: right">67,329</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 1%">&nbsp;</TD>
    <TD STYLE="width: 1%; text-align: left">&nbsp;</TD><TD STYLE="width: 22%; text-align: right">4,519,809</TD><TD STYLE="width: 1%; text-align: left">&nbsp;</TD></TR>
</TABLE>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"><B>Item 8.01. Other Events</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The transcript of the <FONT STYLE="font-family: Times New Roman, Times, Serif">Annual
Meeting </FONT>is included as Exhibit 99.1 to this Current Report on Form 8-K.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The information in this Current Report on Form
8-K (including the exhibit) is furnished pursuant to Item 8.01 and shall not be deemed to be &ldquo;filed&rdquo; for the purpose
of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section. The
disclosure of the transcript of the <FONT STYLE="font-family: Times New Roman, Times, Serif">Annual Meeting </FONT>on this Current
Report on Form 8-K will not be deemed an admission as to the materiality of any information in this Current Report on Form 8-K
(including the exhibit) that is required to be disclosed by Regulation FD.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">The text included with this Current Report on
Form 8-K is available on our website located at www.ruger.com/corporate, although we reserve the right to discontinue that availability
at any time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: left; text-indent: 0.5in">Certain statements contained
in this Current Report on Form 8-K (including the exhibit) may be deemed to be forward-looking statements under federal securities
laws, and we intend that such forward-looking statements be subject to the safe harbor created thereby. Such forward-looking statements
include, but are not limited to, statements regarding 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. 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.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.5in">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD STYLE="width: 1in; padding-right: 0; padding-left: 0; text-decoration: underline"><U>Exhibit No</U>.</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-decoration: underline"><U>Description</U></TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0">&nbsp;</TD>
    <TD STYLE="padding-right: 0; padding-left: 0">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: left">99.1</TD>
    <TD STYLE="padding-right: 0; padding-left: 0; text-align: left">Transcript of the Annual Meeting of Shareholders held on May 3, 2016.</TD></TR>
</TABLE>

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<P STYLE="font: bold 10pt Times New Roman, Times, Serif; margin: 0; text-align: center">SIGNATURES</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0; text-indent: 0.5in">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 hereunto duly authorized.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<TABLE CELLSPACING="0" CELLPADDING="0" STYLE="width: 100%; font: 10pt Times New Roman, Times, Serif; border-collapse: collapse">
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD COLSPAN="3"><FONT STYLE="font-family: Times New Roman, Times, Serif">STURM, RUGER &amp; COMPANY, INC.</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="width: 0.5in">&nbsp;</TD>
    <TD STYLE="width: 3in">&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">By:</FONT></TD>
    <TD COLSPAN="2" STYLE="text-decoration: underline"><FONT STYLE="font-family: Times New Roman, Times, Serif"><U>S/ THOMAS A. DINEEN</U></FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Name:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Thomas A. Dineen</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Title:</FONT></TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Principal Financial Officer,</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Principal Accounting Officer,</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Treasurer and Chief Financial</FONT></TD></TR>
<TR STYLE="vertical-align: top">
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD>&nbsp;</TD>
    <TD><FONT STYLE="font-family: Times New Roman, Times, Serif">Officer</FONT></TD></TR>
</TABLE>
<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Dated: May 5, 2016</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Sturm, Ruger &amp; Co., Inc. 2016 Annual Meeting of Stockholders</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">May 3, 2016</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">C: C. Michael Jacobi; Sturm, Ruger &amp; Co., Inc.; Chairman</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">C: Kevin Reid, Sr.; Sturm, Ruger &amp; Co., Inc.; SVP, General Counsel,
Corporate Secretary</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">C: John Cosentino, Jr.; Sturm, Ruger &amp; Co., Inc.; Vice Chairman</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">C: Ronald Whitaker; Sturm, Ruger &amp; Co., Inc.; Director</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">C: Michael Fifer; Sturm, Ruger &amp; Co., Inc.; CEO</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">C: Christopher Killoy; Sturm, Ruger &amp; Co., Inc.; President,
COO</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">P: Joel Mosbacher; Do Not Stand Idly By; Representative</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">P: Mark Erickson; Erickson Trust; Principal Manager</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">P: Colin Moran; Abdiel Capital; Managing Partner</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">P: Brian Rafn; Morgan Dempsey; Principal</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">+++ presentation</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">C. Michael Jacobi^ Good morning and welcome to our first annual
meeting here in North Carolina. The meeting will come to order. I am Mike Jacobi the Chairman of the Board of Sturm, Ruger &amp;
Co., Inc., and it is my pleasure on behalf of the directors and officers of Sturm, Ruger &amp; Company, Inc., to welcome those
present, including those attending the meeting through our webcast through 2016 Annual Meeting of Stockholders. As a reminder,
please silence your cell phones during the meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">At this time, I would like to introduce and ask to stand the company&rsquo;s
other directors, John A. Cosentino, Jr., who is our Vice Chairman; Michael O. Fifer, who is also the company&rsquo;s Chief Executive
Officer; Sandra S. Froman; Terrence G. O'Connor; Amir P. Rosenthal; Ronald C. Whitaker; and Phillip C. Widman. Our company officers
are Christopher J. Killoy, President and Chief Operating Officer; Thomas A. Dineen, Vice President, Treasurer, and Chief Financial
Officer; Mark T. Lang, Group Vice President; Thomas P. Sullivan, Vice President of New Hampshire and North Carolina Operations;
Kevin B. Reid, Sr., Vice President, General Counsel, and Corporate Secretary; and Shawn C. Leska, Vice President of Sales.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">I would also like to introduce Jeffrey LaGueux and Craig Dent, outside
counsel from Patterson Belknap Webb &amp; Tyler. Andy Warren and [Brian Depala] are independent auditors from RSM US LLP who are
available after the meeting to answer any appropriate questions you may have; and Philip Meyer, our stock transfer agent from Computershare
investor services.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">We will now conduct the regular business of the meeting followed
by Mike Fifer&rsquo;s presentation to the stockholders, and a question-and-answer period. Our agenda for the formal matters to
be brought before the stockholders today will be as follows: one, to take care of the necessary appointments and documentations
for the meeting; two, to establish a quorum; and three, to take votes on the items of business properly brought before the meeting.
These items of business are: one, to elect eight directors to serve on the board of directors for the ensuing year; two, to ratify
the appointment of RSM US LLP as the company&rsquo;s independent auditors for the 2016; three, to hold an advisory vote on the
compensation of the company&rsquo;s named executive officers; and four, any other business as may properly come before the annual
meeting or any adjournment or postponement thereof.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">As the company&rsquo;s bylaws provide, I will act as chairman and
conduct the meeting. Corporate Secretary, Kevin B. Reid, Sr. will act as secretary of the meeting and was appointed as Inspector
of Elections before the meeting. As inspector, Mr. Reid will determine the presence of a quorum and serve as judge on all matters
requiring a stockholder vote at this meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Let the minutes of today&rsquo;s meeting show all of the documents
concerning the call and notice of this meeting are available here for inspection by any stock holder and will be filed with the
records of the company, including a copy of the notice of availability of proxy materials, affidavit of mailing certifying that
the proxy materials from mail to the stockholders of record of the company, the signed oath and report of the Inspector of Elections,
and a list of registered stock holders entitled to vote at this meeting. We have previously supplied each stockholder of record
with a notice regarding availability of proxy materials that contain instructions on how to access the company&rsquo;s proxy statement
and Form 10-K. Extra copies of these documents are available in the back of the room.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Additional proxy forms are available for any one here who has not
submitted a proxy and would like to do so or for anyone here who has submitted a proxy that he or she would like to change. If
so, please see Philip Meyer of Computershare at this time. If you are voting in person, you may give your proxy form to Mr. Meyer
at any time during this meeting up until the vote is closed on the voting matter. In the interest of time, we encourage you to
do so as soon as possible.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">We would ask that all those present at the meeting sign the attendance
book after the meeting is adjourned if you have not already done so. The bylaws of the company provide that a majority of the voting
stock shall constitute a quorum for the transaction of business at this meeting based on proxies and stockholders present.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Mr. Reid, may we have the report of the Inspector of Elections on
whether or not a quorum is present?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Kevin Reid, Sr.^ Mr. Chairman, the proxies received by the company,
in connection with the 2016 annual meeting of the stockholders of the company, have been examined and they have been found to be
in proper form. And they are present at the meeting in person or by proxy at least 17,483,552 shares or 92.2% of the share outstanding
of the company which are entitled to vote, and such shares constitute a quorum for the transaction of business at the meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">C. Michael Jacobi^ Thank you. Because a quorum is present, this
meeting will proceed. Mr. Reid, were there any additional stock hold or nominations or proposals for business for this meeting
properly filed with you as corporate secretary in accordance with the advanced notice requirements of the company&rsquo;s bylaws
other than those already mentioned?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Kevin Reid, Sr.^ No, Mr. Chairman, there were not.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">C. Michael Jacobi^ As a result, the business of this meeting is
limited to the matters set forth on the agenda. Detailed information on each of the proposals is included in the proxy statement;
copies of which are available in the back of the room.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The first order of business is to elect directors for the ensuing
year. As indicated in the company&rsquo;s proxy statement, eight directors will be elected at today&rsquo;s meeting. Those directors
receiving the highest number of votes or plurality of votes of shares present in person or by proxy at this meeting will be elected
as directors of the company to serve, until the 2016 annual meeting of stockholders and until successors are duly elected and qualified.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">As indicated in the company&rsquo;s proxy statement, the Board of
Directors has nominated the following persons to serve as Directors: myself, C. Michael Jacboi; John A. Cosentino, Jr.; Michael
O. Fifer; Sandra S. Froman; Terrence G. O'Connor; Amir P. Rosenthal; Ronald C. Whitaker; and Phillip C. Widman. The company&rsquo;s
bylaws require that stockholders give advanced notice to the company in order to nominate any person as a Director. Because no
such notice was received, I hereby declare the nominations for Directors closed.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The second order of the business on the agenda is the ratification
of the Board&rsquo;s appointment of RSM US LLP as the company&rsquo;s independent auditors for the 2016 fiscal year. The affirmative
vote of at least the majority of shares entitled to vote and represented in person or by proxy at this meeting is required to ratify
the appointment of RSM US LLP as our independent auditors for the 2016 fiscal year.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">At this time, I call upon John A. Cosentino, Jr., a member of our
Audit Committee for the Audit Committee&rsquo;s recommendation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">John Cosentino, Jr^ Mr. Chairman, I move that the action of the
Board of Directors in selecting RSM US LLP as the independent registered public accounting firm for the company for 2016 fiscal
year be ratified and approved.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">C. Michael Jacobi^ May I have a second?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Unidentified Company Representative^ I second the motion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">C. Michael Jacobi^ Are there any remarks on the selection of the
independent auditors? The third order of the business on the agenda is an advisory vote to approve the compensation of the company&rsquo;s
named executive officers as described in the 2016 proxy statement otherwise known as to say on pay vote. While the vote is not
binding on the Board or the company, we will review the voting results and take them into consideration when making future decisions
regarding the compensation of our named executive officers. The affirmative vote of at least the majority of the shares entitled
for vote and represented in person or by proxy at this meeting is required to approve on an advisory basis the say on pay vote.
At this time, I call upon Ronald C. Whitaker, the Chairman of the Compensation Committee, for the Compensation Committee&rsquo;s
recommendation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Ronald Whitaker^ Mr. Chairman, I move that the compensation of the
company&rsquo;s named executive officers as described in the 2016 proxy statement be approved by advisory vote of the stockholders
of record of the company as of March 14, 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">C. Michael Jacobi^ May I have as second?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Unidentified Company Representative^ I second the motion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">C. Michael Jacobi^ Are there any remarks on the motion to approve
the compensation of the company&rsquo;s named executive officers by advisory vote?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">This concludes discussion on all formal matters to be brought before
the shareholders, and we will commence to vote on these matters.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Kevin Reid, Sr.^ The polls are open as of 9:11 a.m. on May 3, 2016,
for each matter to be voted on.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">C. Michael Jacobi^ The time has come to vote on the matters properly
before the meeting. Ballots will be passed on to any stockholder who desires to vote by ballot. There is no need for anyone to
vote by ballot if he or she has already voted by proxy.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Kevin Reid, Sr.^ Is there anyone who wants to vote by ballot that
has not already voted?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Seeing no one, the polls for all voting matters are now closed as
of 9:12 a.m. on May 3, 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">C. Michael Jacobi^ The voting is complete. Accordingly, I will now
ask the Inspector of Elections for a report on each vote.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Kevin Reid, Sr.^ Mr. Chairman, we&rsquo;ve completed the tabulation
of votes with the following results. On the proposal, the election of directors, I report that the following nominees have been
elected as the directors of the company to serve until the next annual meeting of the stockholders by the majority of the shares
present and voting. These are C. Michael Jacobi, John A.Cosentino, Jr., Michael O. Fifer, Sandra S. Froman, Terrence G. O'Connor,
Amir P. Rosenthal, Ronald C. Whitaker, and Phillip C. Widman.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">On the second proposal, the ratification of the independent auditors
for 2016, [I report] that the majority of the votes present in voting was cast for the approval of RSM US LLP as the company&rsquo;s
independent registered public accounting firm for 2016 and their selection is therefore ratified. On the third proposal, the advisory
vote on the compensation of the named executive officers as presented in the proxy statement, I report that a majority of the advisory
votes present and voting was cast before the approval of the company&rsquo;s named executive officers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">C. Michael Jacobi^ Thank you, Mr. Reid. The Chair declares that
all proposals have passed by majority of votes cast. I now direct that Mr. Reid prepare a written report of the results of the
election to be incorporated into the minutes of this meeting and include it in a Form 8-K. This concludes the formal business of
the meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">In a moment, Mike Fifer will begin his annual meeting presentation,
which will be followed by a brief question-and-answer period. In fairness to all stockholders attending the meeting or listening
to the webcast, and in the interest of having a fair, informative, orderly, and constructive question-and-answer session, the following
rules of conduct and procedures will apply. We have a microphone staged in the front of the room, please come to the microphone
and identify yourself by stating, first, your name and city of residence; second, whether you&rsquo;re an individual shareholder,
proxy holder, or an authorized representative of an organization holding shares; and third, the number of share you hold or represent.
Two, all questions or comments should be directed to the chairman of the meeting. Stockholders may address the floor only after
they have been recognized. Three, stockholder questions or remarks must be relevant to the meeting, pertinent to the matters properly
before the meeting, and briefly stated within the maximum time limit of two minutes. Four, the meeting is not to be used as a form
to present general, economic, political, or other views that are not directly related to the business of the company. The views
and comments of all stockholders are welcome. However, the purpose of the meeting will be observed, and the Chairman will stop
discussions that are irrelevant to the business of the company or the conduct of its operations; related to pending and threatened
litigation; derogatory references that are not in good taste; unduly prolonged, longer than two minutes; substantially repetitious
of statements made by other stockholders; or discussions related to personal grievances. Five, the Chairman will consider the violation
of these rules caused for expulsion from the meeting.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Thank you for your cooperation. I would know like Kevin Reid, our
Vice President and General Counsel, to read the cautionary statement. After which, Mike Fifer will begin his presentation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Kevin Reid, Sr.^ We wish to remind everyone that statements made
in the course of this meeting that state the company&rsquo;s or management&rsquo;s intentions, hopes, beliefs, expectations, or
predictions of future are forward-looking statements. It is important to note that the company&rsquo;s actual results could differ
materially in those projected in such forward-looking statements. Additional information concerning factors that could cause actual
results to differ materially from those in the forward-looking statements is contained from time to time in the company&rsquo;s
SEC filings, included but not limited to, company&rsquo;s report on Form 10-K for the year ended December 31, 2015 and Form 10-Q
for the fiscal quarter ended April 2, 2016. Copies of these documents may be obtained by contacting the company or the SEC or in
the company&rsquo;s website at www.ruger.com/corporate or, of course, at the SEC website at www.sec.gov.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">We reference non-GAAP EBITDA. Please note that the reconciliation
of GAAP net income to non-GAAP EBITDA can be found in our Form-10K for the year ended December 31, 2015, and our Form 10-Q for
the quarter ended April 2, 2016, which are posted on our website. Furthermore, the company disclaims all responsibility to update
forward-looking statements. Mike?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Michael Fifer^ Thank you, Kevin. Good morning. My name is Mike Fifer.
I&rsquo;m the CEO of your company, and welcome to our annual meeting for 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">All right, I got a little confused there, but let&rsquo;s get started.
All right, here are the main considerations: the core principles with which we drive the business; high value proposition for our
consumers; sales driven through innovation; the bottom-line driven through lean methodologies; and capital allocation, discipline,
and operating with a very conservative balance sheet. We&rsquo;ll touch on each one of these as we go through the presentation.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">On June 24 1916, Bill Ruger, Sr. was born. This would be coming
up on this 100th anniversary of his birthday. We make rugged, reliable firearms for responsible citizens -- that&rsquo;s our motto.
That&rsquo;s how we operate our business -- and firearms that the average person can afford. That&rsquo;s how the company started
in 1949, and that&rsquo;s how we still operate 67 years later. We started with one product, Bill Ruger&rsquo;s standard pistol,
which is shown here, and today we have the broadest product line in the industry. We do not offer the lowest priced product or
the fanciest products, but we do offer great innovation and the highest value for the consumer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">One example is our new Precision Rifle shown here with Carissa,
and it looks like 1,400 yards she hit the plate. Long distance target shooting is a lot of fun but very few people can participate
in it, and one of the principal reasons is that the entry level firearm for that costs in the $5,000 to $7,000, and that&rsquo;s
before you put expensive optics on it; so not many people could participate. So, as we do very often, we kind of reinvented the
game. And here you have a gun that I think the MSRP is somewhere in the $1,400 range. So, a lot of people can participate in it.
And it&rsquo;s an awful lot of fun that even if you don&rsquo;t have access to a long distance range, you can have a lot of fun
at a 100-yard range in your local community. You can shoot at tighter group than you&rsquo;ve ever shot in your life. You get all
your buddies to come over, and ooh and ah, and let them borrow it, let them shoot at the tightest group they&rsquo;ve ever shot
in their life.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">This is what Ruger does: really high value through great innovation.
Here&rsquo;s Nicky at the Mayodan plant when they were assembling the very first gun only 60 days after they opened the factory.
We build American-made products with over 500 models; about 300 of those are cataloged SKUs and the rest are specials. We sell
through two-step distribution to 18 independent federally licensed firearms wholesalers. We make products in American factories.
We pour metal, we cut wood, we assemble guns. We're basically an industrial manufacturer of great consumer products.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">In addition to the three firearms factories in Newport, New Hampshire,
Prescott, Arizona, and Mayodan, North Carolina, we also have an investment castings division in Newport, New Hampshire and a metal
injection molding division at St. Louis, Missouri. This is Garry from our Prescott factory.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">We take pride in being an American manufacturer. We source almost
all of our raw materials and components in the U.S. We design and build our firearms in American factories with more than 2,000
employees; many of them skilled craftsmen and engineers. We pay our taxes and we keep our cash in the United States. There are
no tax inversions or off-shoring for us. We are good citizens, and we understand that manufacturing, that is the conversion of
raw material into something useful, is the core foundation of any successful economy including ours.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">I'm going to talk a little bit about the nature of our business.
We operate in a highly cyclical industry, but one that appears to be growing overall when looking at the trends in demand over
the last 10 years. Because of the cyclicality of the industry, we operate the business in a very conservative fiscal manner. Our
goal is to maximize earnings over the long term not over any individual, year, or cycle. We achieved financial leverage and we
repurchase stock only when its price is clearly below the intrinsic value of the company. We avoid overpriced acquisitions that
are made for the sake of impressing Wall Street. We issue dividends that are a percentage of earnings rather than committing the
company's cash flow to a fixed dividend, and we make capital investments that we believe will drive long term growth.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Our industry appears to have been growing overall during the past
10 years as the number of new shooters has steadily increased, as the demographics of shooters have broadened, and as many states
have embraced more favorable gun rights laws, particularly, concealed carry laws. During this time frame, there have been some
significant ups and downs in demand as political rhetoric and threats have spurred demand above the underlying normal rate of demand.
These spikes in demand have then been followed by periods when demand retreated as the threats to gun rights failed to materialize
to quite the degree that had caused the spike in the first place. The phrase &ldquo;Everything reverts to the norm&rdquo; is probably
true in our industry as illustrated by this graph. This graph shows the volatility and quarterly sell-through of our products from
the independent wholesale distributors to the federally licensed retailers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">We've drawn a straight line in to illustrate the overall growth
in demand. There is however no science or clever mathematical formula or regression behind that line. So please do not over interpret
it. It merely shows that in spite of the cyclical nature of demand for firearms, the overall demand appears to be growing with
time.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Following three strong years of demand for the company's products,
2011, 2012, and 2013, 2014 saw a sharp decline in the second half. Basically, demand collapsed in the third quarter. In 2015, demand
returned to more normal seasonality as you can see somewhat by the revenue numbers up there for the last five quarters. But nonetheless,
2015 was a recovery year in the cycle until very late in the year when we observed a significant spike in demand. This spike in
demand was strongly correlated to the tragic terrorist activities in Paris and San Bernardino. Demand for firearms for self-defense
and concealed carry increased dramatically, and that demand continued through the first quarter of 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">In the past couple of weeks, there have been some early anecdotal
hints that maybe the spike in demand might be easing and that the normal seasonal pattern of demand might be taking hold. It is
however an election year, and the rhetoric from both sides is likely to continue keeping consumers aware and thinking about their
firearms rights. One little note about the quarter just ended. It was the second highest revenue we've every enjoyed and the third
highest earnings. See there, the earnings were $1.21. I think there were two other quarters during the last big peak that we&rsquo;re
-- one was $1.20 and one was $1.22.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">This graph shows a couple of things. One, it shows the very high
operating leverage in our business. And what do I mean by that? When sales go up, we get a disproportionate increase in earnings,
and when they go down, we get a disproportionate reduction in earnings. It also shows some of the benefit of using lean practices
in our business. One of those practices, especially for the folks who went on the tour yesterday of the factory, it&rsquo;s called
standard work, which describes a work loop in a super cell and how long it should take and what the output should be. That helps
us have fairly constant labor content in our products even when volume varies up or down significantly.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">And so, you'll see as we implemented lien over the years, we got
better and better. And even with a great reduction in volume, we only had a minor spike. And even this wasn&rsquo;t so much caused
by the reduction in labor as it was caused by the opening of the Mayodan factory. It took a little while to get critical mass in
Mayodan, okay?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">And this graph shows the operating leverage in our business on non-personnel
overhead, as well as the startup of the Mayodan factory. And you see in late 2013 and through 2014, we made our big investment
in Mayodan, we brought on a lot of equipment and people, space, electrical resources, all kinds of stuff. And it took quite a while
before it started really producing enough volume to pay for itself. So that's the spike here. And here's the benefit of lien, right
across here. We invest for the long term growth of the business, and we do not try to over react to short term cyclicality.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Chris Killoy, our President.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Christopher Killoy^ Thanks, Mike. All right, what I'd like to show
here is a graphic from NSSF or our trade association. It shows in pretty good detail the broadening demographic of our customer
and our users. See the average age decreasing, we see a lot more women shooters, we see more folks from urban and suburban areas,
and we see fewer folks that hunted prior to their first purchase. There are also a lot of folks getting started older. They weren&rsquo;t
necessarily raised in a shooting family or a hunting family. They got started a little later but we watch this very closely with
our friends at the NSSF.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">This slide here repeats what Mike said earlier. When you think about
it, the availability of firearms in the United States is going up over time. This goes back to 2001. It shows firearms manufactured
plus imports, less exports. And, again, it shows through 2014, we don&rsquo;t have 2015 production data yet, but it does show that
long-term trend increasing over time despite the political ups and downs.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Another interesting graph that many of you look at, the monthly
NICS data, National Instant check system administered by the FBI. The NICS checks show a thoroughly repeatable pattern, but what's
interesting is there appears to be a seasonal pattern to the consumer demand. There's a lot of volatility in that demand on top
of that seasonality. So, while there have been some significant ups and downs in demand as political rhetoric and threats have
spurred that demand above the underlying normal rates, these spikes in demand have been followed by periods where the demand actually
retreated as the threats to gun rights failed to materialize. And as Mike said earlier, the phrase &ldquo;Everything reverts to
the norm&rdquo; is shown here again.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">This graph shows the growth of Ruger over the past seven years compared
to the growth in NICS checks during that same period of time. So how do we then grow faster than that overall underlying consumer
demand? And that answer is new product development. We use innovation as Mike said to drive demand. One thing we often cite is
the growth in our engineers. We have about 120 engineers on staff today. About 50 of them are actively working on new products
and R&amp;D. In 2006, we had about 17; so tremendous growth in our engineering staff. Some of you that went on the tour with the
folks over in our plant in Mayodan, we're fortunate enough to meet some of those engineers, and they're doing great stuff for our
company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">One of the key aspects of our new product development is what we
call voice of the customer or VOC. That's where we're spending time at the retail counter, spending time at tradeshows, and spending
time at the range trying to find out what customers want. It's a lot easier to deliver great products when you really listen to
your customers and know what they're looking for.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Shown here is one of those great engineers hard at work on a new
product, our new product engineering development. We're always striving for rugged, reliable products from Ruger. And, again, as
Mike mentioned earlier, we make them &ndash; we strive to hit a price point that the average person can afford.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">We've invested in the tools to accelerate our new product development.
Shown here are some wax patterns made with our 3D wax printer, which dramatically cuts the time needed to prototype our investment
in cast parts. And we don&rsquo;t hesitate to spend those capital dollars on not only new infrastructure and machines but also
the R&amp;D needed to keep up with our exciting new products. And you can't build those rugged, reliable products without field
testing them. This is a photo of the very popular Ruger Precision Rifle being field tested down in Texas, and we built them to
last.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Talk a little bit about two-step distribution. We use our distributor
relationships to take and hold inventory for these launches, enabling a smooth transition to retailer and consumer sales when we
decide to launch a new product. We're a reliable partner to our customers. We have 18 firearms distributors. We are one of the
only true two-step manufacturers and sellers of firearms in the U.S., meaning we sell through federally licensed wholesalers, who
then sell them to federal licensed retailers. This reduces the business risk of our partners and makes them want to continue to
do business with us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">We also protect the value of our customer's inventory through our
consistent and very disciplined pricing policies. They know their inventory of Ruger products is safe. And on a rare occasion when
we do a price decrease, we protect their inventory, again making them, helping them stay committed to the Ruger product line.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Shown here in this picture is one of our distributors, their sales
floor. The independent wholesale distributors really leverage how we go to market through their sales staffs; their ability to
extend credit with strong retailer relationships. It would be incredibly expensive for us to try to duplicate what they do. Remember,
this is one of 18 of our distributor partners. And they are very good at it and very efficient. It's key to have new products available
when they are announced. We ship them to the distributors in advance. They in turn solicit orders from retails prior to our new
product announcement. So when we make the consumer announcement via e-mail blast, press releases and things like that, we want
to make sure the product is available at the retailer on the weekend immediately after that product launch.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Our immediate partners are a big part of a successful launch. The
initial word goes out on our website via emails, but there's still a good push in demand when our products get the cover of a good
magazine. Our staff works very hard with the key folks within the media whether it's print, web-based or TV to plan those launches
ahead of time. But we try to stay very disciplined and not leaking that until we're actually ready with product available to ship
and ready to go with our full up consumer launch.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">And we get a lot of a covers. We really do. And there are some great
ones up there. I'll scroll through a couple of these. A few more, lots of covers, lots of cool product. I was overwhelmed the other
day when I was just going through a checkout line, and I saw three magazines on the front row, firearms related, all three of them
had the Ruger American Pistol. So I found that pretty cool and pretty gratifying.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">And finally, we back it up with our legendary, world-class customer
service. There's no better asset in the company in terms of selling Ruger products than our folks in customer service. They do
a great job at each of our facilities. Some of you on the tour yesterday saw some of the folks hard at work in the customer service
at Mayodan. We have actually larger teams in place at both Newport and Prescott.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">So recently we had three new product platforms, more than 20 new
product line extensions and over 100 distributor exclusives. And those distributor exclusives are key to giving our customers a
wide variety of product to sell as well as to differentiate and maybe have a little extra margin from their competitors. Three
of those product platforms: the Ruger Precision Rifle, the Ruger American Pistol, and also our Silent-SR .22 long rifle sound suppressor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Ruger Precision Rifle was shown here. As Mike mentioned, really,
this brought long-range target shooting to a new, affordable price point. If you were looking at a price point of $5,000 to $7,000
not too long ago, now you're looking at suggested retail around the $1,400 mark. And, again, even if you can't get out to a 1,400-yard
range, like we saw Carissa in the picture earlier, just at the 100-yard range, if u can maximize those groups, you're going to
have a great time with this Rifle. And you saw it was recently named the NRA Rifle of The Year for 2016.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The Ruger American Pistol just launched in January. This new handgun
platform was launched partly with a design spec that was grounded in the army's modular handgun system. The Ruger American Pistol
is already distinguishing itself with consumers. But also with, again, some of its competitors, we&rsquo;ve recently received reports
from several law enforcement agencies that have the gun in initial uses that find it much easier to qualify than with some of their
other existing brands that they might have had prior to the Ruger American Pistol launch.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Silent-SR sound suppressor. Best-in-class sound suppression, size
and weight, along with ease of disassembly, really makes the Silent-SR achieve benchmark status very early on in this thread-on
sound suppressor market. The Silent-SR is a perfect companion to any Ruger pistol or rifle with threaded barrels. And, again, this
is gaining a lot of popularity throughout the U.S. There are a lot of initiatives to make sound suppressions more available. Frankly,
they are very available in restricted countries in Europe, but in the U.S., they are not as much, not as available, and we&rsquo;re
seeing that trend reversing. So we think we&rsquo;re well positioned to grow in this product category.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">I mentioned the 20 new line extensions. The SR-556 Takedown, a gun
that was started up in the Newport plant but now made right here in Mayodan. The Mini-14 Tactical Rifle, this is an example of
mature product line, the Mini-14 line, now chambered in 300 Blackout, which is a new and edgy cartridge, but again in an older
platform kind of modernize that Mini-14 product. 77/17 is chambered in the .17 Winchester Super Mag. Again, an existing product
platform for Ruger, the 77/17 has been around for a long time, but an exciting new cartridge that actually came out of the nail
gun industry that Winchester modified to get great external ballistics and again a great platform for this particular cartridge.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Two new line extensions for the Ruger American Rifle, the Magnum
Series, so we can get in the .300 Win Mag and some of the other Magnum cartridges and also the addition of the Vortex Crossfire
Optics on the gun. Again, the Ruger American Rifle has really done a great job expanding our presence in the hunting category as
we move through different material finishes, calibres, and some of these other options. We&rsquo;re going to continue to see growth
in this category.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">And then Ruger American Rimfire, you saw this. And a lot those who
went on the tour yesterday, you saw this over at Mayodan. Now, with a wood stock, recently named the Rifle of the Year by the American
Rifleman in 2015. So, as you saw in the operation in Mayodan, we have different materials, we&rsquo;ve got the dipping operation,
we&rsquo;ve got Cerakote. There&rsquo;s lot of things you can do on mature and stable product line to keep them exciting and interested
for our customers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">10/22 Collector&rsquo;s Series, another variation we did recently;
that was in 2015. And the Takedown, 10/22 Takedown with target barrel. This is an example of listening to our customers and taking
that voice of a customer. We heard this back over the counter. We said, why don&rsquo;t you take that target barrel, why don&rsquo;t
you thread the end of it and put them in Takedown configuration? We did. It looks great. A lot of fun for our customers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">And the 22 Charger, actually a variation here shown as a Takedown
version, this is a variation on our classic 10/22 platform. That&rsquo;s where the chassis came from. And, again, a lot of fun
for our customers. You put a red dot optic on there, go to the range. This is a lot of fun. People say, what&rsquo;s the reason
for it? It&rsquo;s a great gun to have fun with. Get out to the range, you&rsquo;re going to introduce new shooters, and you&rsquo;re
going to enjoy your time there.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Another very fun gun, a 22/45 Lite, made at our factory out in Prescott,
Arizona. Shown here in the green anodized ventilated barrel and some of the other configurations you see and we&rsquo;ve made since
2012 all the way up through 2015. Somebody asked me the other day, what&rsquo;s the purpose of those vents? I said just so it looks
cool.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">And the SR22 pistol gun initially started its life out in a Prescott
plant, now made here in Mayodan; [an extra] went from 3.5-inch to a 4.5-inch barrel. This gets us into Canada where there is a
requirement to have a barrel length in excess of 4.125 inches. So this not only gets us into the Canadian market in a bigger way
as well as it provides a longer sight radius for our customers to use this gun in some of their target competitions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">And then the LCR, a very successful lightweight carry revolver,
comes out of our Newport factory, now available in the .327 Federal Magnum calibre in a six-shot configuration. So you go from
a five-shot in .38 to a six-shot in a .327. It also allows you to use the less recoil intensive calibers like .32 Magnum. So this
gun here has seen a lot of great acceptance at the retail counter. And, again, the .327 Federal Magnum also in our stainless steel
version of a small compact revolver, the SP101.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">And another very cool gun, GP100, a 10-shot. So, again, a 10-shot
GP100, a lot of fun when you go to the range, and, again, it&rsquo;s a great configuration. You get that partial underlug on the
barrel, a good-looking gun, and one that I think you&rsquo;d enjoy it when you get it out to the gun club.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">One of my favorites, the Ruger Redhawk, now available in the dual-caliber
configuration, .45 Colt or .45 ACP. When you use the .45 ACP, which is a pistol cartridge, you use the full moon clips for extraction,
and again, a lot of versatility, great product, and good-looking gun.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Another &ndash; one of the handgun of the year winners, our New
Model Super Blackhawk, two calibers, available in .454 Casull or the .480 Ruger. And this is not only a great looking gun, this
is a thumper. This is a big bore, single-action gun made up in our Newport factory. And that&rsquo;s one of the things, we don&rsquo;t
ignore some of those product niches like single-action revolvers. They are a big part of our business. They may not be as in the
news or as popular right now at retail as concealed carry products or the MSR platforms. But, again, single-action revolvers are
something that we continue to innovate.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">And we also have over 100 distributor exclusives. In all of these,
the distributor makes a better margin, as I mentioned, on these products and therefore puts their own marketing and advertising
behind them. Often, that results in units being sold, more units being sold than if we just listed in a catalog as a generic or
standard SKU.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Some of these are really neat variations of existing products built
to help our industry partners, like this one, the Davidson&rsquo;s NRA special. It&rsquo;s a special project we collaborate every
year with Davidson&rsquo;s to raise funds for the NRA through a limited edition firearm. Over the history of this project, Davidson&rsquo;s
has raised more than $1 million, and Ruger has matched those funds over the years. So, again, some cool collectible products also
doing good for our industry.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Some are simply unique. This is a dipped version of popular guns,
Muddy Girl Camo. And this is one that we make right here in Mayodan, and those of you that saw the tour saw that dip line where
we add that film so we have a lot of capability to use different camo patterns and different configurations on existing product
lines.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Some are very specific requests. This is a wood stocked version
of the American Rimfire, Farmer Edition, with really some very attractive laser-cut engraving on the wood stock. And this is done
by our distributor partners at TALO. This rifle is a beautiful gun, and again, gives us distributors that are part of the TALO
group something to differentiate themselves beyond the standard product and hopefully make a little bit more margin.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">And we even have special calibre guns that will work with Lipsey&rsquo;s,
for example, one of our big distributors. And they might not have a huge place in our catalog and they&rsquo;ll do better as a
distributor exclusive. In this case, the convertible cylinder .357 and 9 mm cylinder is available on the Blackhawk Convertible.
So, again, a lot of fun, a lot of variation, keeps interesting for our distributors and their retail customers.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">And with that, I&rsquo;d like to turn it back over to Mike.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Michael Fifer^ We&rsquo;ve covered innovation, which is the first
of our three core elements of our strategy and talked a little bit about lean and showed it to you all yesterday. That&rsquo;s
the second of the three core elements of our strategy. And disciplined capital allocation is the third of the three core elements
of our strategy. I said before we operate in a very cyclical industry, and so we operate financially in a very conservative basis.
We pay our suppliers promptly and we expect to be promptly paid by our 18 customers. Consequently, we have largely avoided any
major credit issues because of this policy. Our accounts receivable are 99.5% current.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">The one metric that never lies is inventory. If you&rsquo;re looking
at a company to try to analyze whether they&rsquo;re lean or not, look at their inventory figures. When you walk out on their shop
floor, look for buckets of WIP. Our improvement in inventory turns over the last five years has helped us avoid $19 million in
increase in raw and WIP inventory. But over the full 10 years we&rsquo;ve been working on lean, it saved us $175 million, which
is then available to reinvest in the business and to return to our shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">I said that we operate in a cyclical business a bunch of times here,
and cyclicality is the challenge for lean processes. Lean likes nice, even, steady production. So how do we deal with that? We
try to level production as much as we can to the ups and downs of demand, and flexing our quantity of finished goods is the best
way to achieve that, both at Ruger and at the distributor.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">One of the things we&rsquo;ve talked about in the past is we aim
for six turns at the distribution. And that&rsquo;s so that when there are spikes in demand, they can respond quickly to the retailers.
And at the current run rates, if you did six turns, they ought to have over 300,000 units in inventory and they right now have
only just over 200,000 units. So there may be a little bit of opportunity in there.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">One other interesting thing about how we handle inventory and allocation
is that slow periods are the only chance for one of our wholesale distributors to really pick up market share because when things
are active, all the product is allocated not just the latest newly developed product. And so, I mentioned very early in the conversation
that there are some hints that the spike that we saw after December may be slowing down and returning to see normal seasonality.
That&rsquo;s the big opportunity for the distributors to step up and take on inventory because you could hypothesize once the election
happens, all the inventory may be allocated, and they won&rsquo;t have any chance after that. They&rsquo;ll just get their allocated
share and they can&rsquo;t pick up one extra bit of market share. Now is their big chance this summer.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">In 2007, I presented this slide to you at my first annual meeting.
And it&rsquo;s hard to read in the gray there, but it says, the company will use its cash to generate shareholder value or it will
be returning to the shareholders. We use it for new product expansion and maintenance, and we&rsquo;ve invested right now $238
million in CapEx since I started at the company, and it has all been funded from operations. And what did we achieve with that?
In terms of total sales since then, we&rsquo;ve had sales of a little over $3.4 billion over those years, of which $2.2 billion
is incremental to the run rate we are at when we started. So that $238 million has really enabled us to go a long way.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Our policy on share repurchases is very simple and reliable. We
will only buy back shares when they sell well below our estimate of the intrinsic value of the company. This produces the greatest
benefit for our long-term shareholders. And by that, I mean the shareholders who were there before the share buyback and who remained
with the company after the share buyback.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">In the history of our stock repurchases, you&rsquo;ll see that the
prices vary, but the common denominator is that we felt the trading multiples at the time we made the purchases really undervalued
the company. And you can sort of see here we&rsquo;ve got an EBITDA multiple graph, and you can see where our two most recent stock
repurchases happened and they were at a low point in the trading multiples and well below where we normally trade.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Here&rsquo;s the history of our cash balance with a few stock repurchases
identified as well as the one time we did a special dividend. So how do we decide which to do? If the stock seems to be trading
at a price well below the intrinsic value of the company, we buy stock back. If the stock is somewhere in a fair and reasonable
range, we don&rsquo;t buy stock back. But if we end up sitting on a lot of cash, you see that last time we had that, we went ahead
and did a special dividend.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Our commitment to the shareholders is the same time as it was in
May 2007. We&rsquo;ll do our best to use the cash to generate shareholder value, but if we end up with more cash, then we can responsibly
employ, we&rsquo;ll return it to the shareholders.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">In the past year, Ruger has paid quarterly dividends totally $24
million to our shareholders based on our 2015 results of operations. And on May 27th, we&rsquo;re going to pay another $9.1 million
in dividends based on our first quarter of 2016 results of operations. Our dividend practice bears some explanation because it
is uncommon but we think it benefits our shareholders and protects Ruger from issuing dividends that are disproportionate to our
earnings during periods of rapidly changing market conditions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Our quarterly dividends are based on a percentage of earnings each
quarter and therefore the amount paid varies each quarter. And you can see when we got started, we initially dividend it out about
25% of earnings. And what we concluded over that time was that we were healthy and strong enough company that we could fund all
of our working capital needs and our CapEx, and we could increase the dividend to 40%, which we did looks like back in early 2012.
And you could remember back to that cash slide, we&rsquo;re still building cash.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">One of the reasons that I encouraged increasing our dividend like
that and why I have encouraged the special dividend when we had lot of cash is that I firmly believe our shareholders will make
capital available to us if we come up with the great opportunity at some point when we need more. Unlike some companies that sit
on vast amounts of cash or park it overseas, we&rsquo;re not doing any of that stuff. I trust you, our shareholders will help us
if we need it; and in the meantime, I&rsquo;m sending the extra cash back to you.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Since early 2007, we&rsquo;ve returned $302 million to our shareholders.
Our market capitalization has increased by over $1 billion. And at the end of the first quarter, we had $80.5 million and we have
no debt.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">This graph shows five-year shareholder return ending on December
31 of each year shown. So, for example, on the five years that ended December 31, 2010, if you had invested in Ruger for those
five years, you would have had over 200% return, and then we ratcheted up one year for the five years ended 2011 almost to 400%
return. And since we&rsquo;re in right in the middle of the Russell 2000, we use that as a comparable index. And had you done the
same thing, made the same investment in the Russell 2000, you would&rsquo;ve had substantially less return than had you invested
in Ruger.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">For shareholders who have stayed with the company for an extended
period and persevered through the cycles, the rewards have been significant. We can&rsquo;t promise it will always remain that
way, but we encourage you to read our filings, study the company, look at how we do business, maybe it will tell you like-minded
investor friends that it&rsquo;s pretty good owning shares in a gun company.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">These are straightforward, the dates of our next investor communications,
and then a summary of why we think Ruger is a good investment. And high value proposition for our consumers, very simple strategy:
drive sales through innovation, drive the bottom line and free-up assets through lean, and operate the company very, very carefully
and conservatively financially. And I think these are [Friday&rsquo;s] numbers, and current numbers are probably little bit better.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">And with that, Chris and I would like to take your questions.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">+++ q-and-a</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">C. Michael Jacobi^ At this time, we will open the floor to questions
from members of the audience who are here in person. Anyone wishing to ask a question should stand up and come to the microphone.
After being recognized, please identify yourself to the chair. Your questions will then be addressed before the meeting. Please
limit your questions to corporate business and make them no longer than two minutes to allow us time to address all questions.
Are there any questions?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Joel Mosbacher^ Yes. I&rsquo;m Rabbi Joel Mosbacher from Oakland,
New Jersey. I&rsquo;m here with Donna Weinberger and Reverend [Tim Condor]. We&rsquo;re here for Do Not Stand Idly By to reduce
gun violence in America. 40% of the guns purchased in this country every year are purchased by our Police and Military, and so
we think there is a great opportunity for Ruger to be a leader in working with Police and the Military in reducing gun violence
in America. That&rsquo;s why we&rsquo;ve developed relationships with 85 public officials across the country, mayors, police chiefs,
sheriffs, and governors, who are big purchases of weapons, who have said that they want to work with gun manufacturers who are
going to work to control their dealer networks and control their bad apples dealers, and also innovate in the area of smart gun
technology.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">We&rsquo;ve issued a request for information on behalf of those
85 public officials to Ruger and the other major gun manufacturers. We would like to ask if Ruger would meet with those public
officials and also respond to the request for information. We think this is a great opportunity for Ruger to be a leader and to
make money, and to innovate in the ways that you do.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">C. Michael Jacobi^ OK, I&rsquo;ll ask Mike to address that.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Michael Fifer^ Rabbi Mosbacher and your guests, thank you for coming.
I want to recognize you for coming here. We know you care very deeply about these issues. We put a lot of thought into them, and
you have my utmost respect for that. I received your request for information, and I will certainly read it and take a look at it.
Thank you.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Mark Erickson^ Good morning, I&rsquo;m [Mark Erickson] I&rsquo;m
Principal Manager of the [Erickson Trust]. We hold about 1,000 shares in Ruger. First, I want to thank you for your conservative
management of the company. A company without debt today is an outlier in the industry. I think it works and I think you&rsquo;ve
proven your responsibility here.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">I&rsquo;m also an NRH certified instructor and a certified DOJ instructor
in North Carolina. I believe education is a very important aspect of what we do with firearms in our society. And I don&rsquo;t
think enough people actually take the education that helps them stay sane. So I want to thank you very much for your offering instructors
discounts on firearms so that we can present Ruger firearms to students. And I&rsquo;ve asked you to do anything you can to help
encourage and support education in the future. Thank you.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">C. Michael Jacobi^ Thank you.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Colin Moran^ Hi, I&rsquo;m Colin Moran at Abdiel Capital, and we
have I think about 400,000 shares. I&rsquo;m interested in hearing you talk about the product development process and what, if
any, bottlenecks you found in over the last, sort of, six to 12 months and what you&rsquo;re able to do about them? And I have
another question, too, should I stay up here?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Michael Fifer^ Yes, absolutely.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Colin Moran^ Okay.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Michael Fifer^ Well, the product development process, we&rsquo;re
constantly trying to innovate not only the products, but we&rsquo;re actually spending a lot of time reassessing and trying to
relearn the lessons learned from the process itself. One of the challenges is making sure that designs we come up with are robust
enough to get through our own internal trials, make sure we&rsquo;re benchmarking against best in class. We think we&rsquo;ve dramatically
improved where we were eight or 10 years ago, but we still have a long way to go. We&rsquo;re still typically frustrated with the
length of time internally that would take us to get new products out the door.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Usually there are some extra [do moves], if you will, where we go
back and have to relook at that design to challenge ourselves. And what we try to do is make sure we have a session after the fact
as that say what could we have done better. So we&rsquo;re constantly trying to evaluate not on the products but at the process
itself to try to add some more rigor to the upfront design challenge. And we&rsquo;ve invested heavily in the number of engineers
we have. But even when you invest in a new engineer, we have a very aggressive manufacture engineering interim program at all three
of the facilities, we&rsquo;ve got some great young talent coming through the pipeline, it really takes a while before they can
begin to produce and generate great new products.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">So the pipeline takes a while to develop. We&rsquo;re constantly
trying to refresh and learn from our mistakes and our shortcomings, and I think we continue to get better. The real challenge remains
-- this top engineering challenge that you are trying to come up with creative things that haven&rsquo;t been done before, make
sure they resonate with the consumer, make sure they are safe and reliable, and it&rsquo;s in a relatively small inexpensive package.
So it&rsquo;s a tall challenge for our engineers and our manufacturing teams.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Colin Moran^ Okay. I also wanted to ask about the way you think
about acquiring a company, let&rsquo;s just hypothesize, I don&rsquo;t know if this is on your menu at all, but let&rsquo;s hypothesize,
you were thinking about something a little bit outside your field like an (inaudible - microphone inaccessible) company and manufacturer.
And I&rsquo;d just be interested here how you think about acquiring the company versus hiring the engineers and developing the
product yourself. That&rsquo;s all I got.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Michael Fifer^ Okay. First off, when it comes to acquisitions, we
believe that our shareholders can diversify your investments much better than we can do it for them. We don&rsquo;t think we offer
any advantage to the shareholders if we go out and buy a lot of different vaguely related companies. And we all know one conglomerate
in our industry that did that, and then I think now more recently has been shedding some of those acquisitions because they turned
out not to be terribly synergistic. And so, we&rsquo;re going to kind of stick to our knitting. We&rsquo;re going to stick to firearms
and possibly ammunition because we&rsquo;ve learned a hard way that sometimes our firearm sales are badly limited because like
..22 long rifle ammo is really hard to find.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">But the next question is sort of make versus buy. And pretty much
every firearms company we&rsquo;ve looked at is grossly overpriced. And so, we haven&rsquo;t ever bought a firearms company. We
always come back and conclude that we can hire half a dozen more engineers and innovate, create better products than the ones that
the company where we&rsquo;re looking at to acquire. And so, so far, we haven&rsquo;t found the right formula for one to buy. Everything&rsquo;s
pretty much too expensive. And sort of stretching off philosophical thoughts on it here, I think with the interest rates as low
as they are that you got private equity driving prices of companies up far too high for those prices to make any sense for us,
and I think when we return to what I view of at my age is more normal interest rates, that will bring prices down into a more rational
level and maybe one day it will make more sense to buy one than to just add engineers and develop internally. But right now, our
very highest return on investment is internal product development.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Brian Rafn^ Brian Rafn, Institutional Principal, Morgan Dempsey
Capital Management in Milwaukee, Wisconsin. We&rsquo;re obviously shareholder. I have shares in family and personal accounts also.
We have been at 27-year shareholder of Sturm, Ruger.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">A couple of questions. One, kind of the future, Mike, relative to
the shotgun market. The number two, maybe you could talk a little bit some of the impetus with $15 minimum wage. Does that affect
any of your lowering shop labor? And many years back, you set kind of a 30% [bogey] relative to new products as a percentage of
sales. As you get the $700 million in sales, large number, is it possible that may be you might draw that back in a little because
it&rsquo;s large? Thank you.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Michael Fifer^ Brian, kind of three questions. One, I can answer
very quickly. Anything related to the future or future products, you know by now I won&rsquo;t answer that.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">I think one of the questions was about the $15 an hour wage. That
hasn&rsquo;t affected us. One thing we do is we have a lot of variable compensation for all our employees, including our most junior
hourly employees. We offer profit sharing to virtually everybody in the company, and everybody gets the same percentage of their
base wages. And so, for example, if it adds up to 10 days of pay this quarter, everybody gets 10 days of pay. It includes the most
junior person right up to me.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">So, I think by and large, a lot of our employees, when you are throwing
over time and profit sharing and -- all but the very most junior also eligible for modest annual bonus, well, I&rsquo;m guessing
that they&rsquo;re probably making more than $15 an hour; so it probably wouldn&rsquo;t be an issue but none in the states in which
we operate has there been any talk of it. So I don&rsquo;t see that changing the economics of the business materially for us.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Oh, percentage in new products, I&rsquo;m sorry. You got to have
stretched goals.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">C. Michael Jacobi^ The questions, there being no other business
to come before the meeting, I&rsquo;ll ask for motion to adjourn.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Michael Fifer^ Mr. Chairman, I move that 2016 annual meeting of
stockholders of the company be adjourned.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Unidentified Company Representative^ I second the motion.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">C. Michael Jacobi^ May I have a voice vote on the motion?</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Unidentified Company Representative^ Aye.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Unidentified Company Representative^ Aye.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0"></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">Unidentified Company Representative^ Aye.</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0">C. Michael Jacobi^ The 2016 annual meeting of the shareholders of
the company is hereby adjourned. On behalf of the board of directors, I would like to thank you for attending the meeting and for
your continued support of the company. Thank you.</P>



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