Smith & Wesson, Inc., announced that it has completed a previous announcement about the spin-off of American Outdoor Brands, Inc., an outdoor products and accessories business. Smith & Wesson will continue to trade on the NASDAQ as SWBI, while American Outdoor Brands will trade as AOUT.
The spin-off was completed on Aug. 24, and each SWBI stockholder received one share of AOUT common stock for every four shares of SWBI common stock held as the of the record date. The spin-off was structured to qualify as a tax-free distribution for SWBI stockholders, while stockholders are encouraged to consult with tax advisors regarding federal, state, and local tax consequences. No action or payment was required by SWBI stockholders in order to receive the AOUT shares.
American Outdoor Brands includes BOG, maker of trail cameras and shooting sticks, Bubba, Caldwell, Crimson Trace, Hooyman, Laserlyte, and Old Timer, Schrade, and Thompson Center, M&P, and Wheeler, among others.