Smith & Wesson Moving Corporate Headquarters From Massachusetts to Tennessee

An attendee walks through the Smith and Wesson booth during the 2013 NRA Annual Meeting and Exhibits at the George R. Brown Convention Center in Houston, Texas, on May 3, 2013. New York Public Advocate Bill de Blasio announced July 22 that eight hedge funds and money managers have divested gun holdings valued at $150 million. Justin Sullivan/Getty Images

Gun manufacturer Smith & Wesson said that it has moved its headquarters from Massachusetts to Tennessee, citing recent gun-control legislation that has been proposed in Massachusetts.

“This has been an extremely difficult and emotional decision for us, but after an exhaustive and thorough analysis, for the continued health and strength of our iconic company, we feel that we have been left with no other alternative,” said CEO Mark Smith said in a statement.