After the December 14, 2012 Sandy Hook Elementary School shooting, California's treasurer, Bill Lockyer, considered ordering CalSTRS to eliminate investments in gun manufacturers. On January 9, 2013, the Teachers' Retirement Board Investment Committee directed staff to "begin the process of divestment from firearm companies that manufacture weapons that are illegal in California," and CalSTRS divested from Sturm Ruger and the American Outdoor Brands Corporation, (formerly Smith &amp; Wesson).