Springfield, Massachusetts- Smith & Wesson Holding Corporation (Nasdaq: SWHC), parent company of Smith & Wesson Corp., the legendary 154-year old company in the global business of safety, security, protection and sport, today announced that its stockholders have elected the full slate of directors which was proposed by the Company's Board of Directors. That slate includes new director, retired Rear Admiral David M.
Stone, former Assistant Secretary of Homeland Security for the Transportation Security Administration (TSA).
Admiral Stone has amassed over 30 years of experience in national and homeland security, most recently as head of the TSA, where he managed a budget of $5.6 billion and 54,000 employees, and was responsible for the security of the entire U.S. transportation system, including mass transit, rail, highway, pipeline, maritime and aviation systems. Prior to his post at TSA, Adm. Stone was the first Department of Homeland Security, Federal Security Director at Los Angeles International Airport, the largest origin and destination airport in the world.
Barry M. Monheit, Chairman of the Board of Directors of Smith & Wesson Holding Corporation, said, "As a recognized global security expert, Adm.
Stone has dedicated his career to helping organizations understand and manage security in a dynamic and challenging global environment."
As a 28-year career naval officer, Adm. Stone served with distinction and achieved the rank of Rear Admiral before he retired from active duty in April 2002. He began his naval career in 1974, graduating from the U.S.
Naval Academy with a Bachelor of Science Degree. He holds a Master of Science in Management from Salve Regina College; a Master of Arts in National Security and Strategic Studies from the Naval War College in Newport, Rhode Island; and a Master of Arts in National Security Affairs from the U.S. Naval Postgraduate School. He is currently President and CEO of the Alacrity Homeland Group, a company that provides strategic consulting, government affairs and corporate development services in the homeland security and critical infrastructure sector. He also serves as Vice Chairman of the Board of Directors of the Ocean Security Initiative, a non-profit organization working to create broad-based partnerships for the promotion of global and regional security as well as the environmental sustainability of the world's oceans and coastal areas.
Monheit continued, "On behalf of my fellow directors, our employees and our stockholders, I also want to thank Jim Minder for his service over the past five years on the Smith & Wesson Board. Jim is one of our original directors, and we wish him all the best in his future endeavors."
About Smith & Wesson
Smith & Wesson Holding Corporation, through its subsidiary Smith & Wesson Corp., is one of the world's largest manufacturers of quality handguns, law enforcement products and firearm safety/security products. The Company also licenses shooter protection, knives, apparel, footwear and other accessory lines. The Company is based in Springfield, Mass., with manufacturing facilities in Springfield and Houlton, Maine. The Smith & Wesson Academy is America's longest-running firearms training facility for America's public servants. For more information, call (800) 331-0852 or log on to www.smith-wesson.com.
