Wires

UPDATE 1-Smith & Wesson parent fails to win majority support for CEO pay

Ross Kerber

(Adds context for failed pay vote, details on share price and CEO pay hike, details on recent U.S. mass shootings)

BOSTON, Sept 24 (Reuters) - In a rare case of shareholder pushback, Smith & Wesson parent American Outdoor Brands Corp on Tuesday failed to win a majority of support for its rising executive pay, according to a transcript of the gunmaker's annual meeting.

Last year only about 2% of companies the size of American Outdoors failed to win a majority of support for the advisory measures on the pay of top leaders, according to consulting firm Semler Brossy.

A spokeswoman for the Springfield, Massachusetts, company did not immediately respond to requests for comment.

The meeting transcript also showed that a proposal calling for the company to adopt a human rights policy was not approved.

Shares of American Outdoor were trading around $6 on Tuesday afternoon, less than half their value of $12.86 at the end of December.

The company and rivals including Sturm Ruger & Co have been under pressure amid a series of mass shootings at U.S. schools, colleges and houses of worship such as an attack in West Texas on Aug. 31 that killed seven and wounded 22 others, including a toddler.

American Outdoor's proxy statement shows pay raises for top executives including Chief Executive P. James Debney during the fiscal year ended April 30, 2019. For that period Debney received total pay of $3.8 million, up from $2.2 million in the same period a year earlier. (Reporting by Ross Kerber in Boston Editing by Chizu Nomiyama and Matthew Lewis)