Feb. 04, 2013 (Shareholders Foundation) -- An investigation on behalf of current long term investors in shares of Smith & Wesson Holding Corporation (NASDAQ:SWHC) was announced concerning whether certain officers and directors of Smith & Wesson Holding Corporation breached their fiduciary duties by paying certain top officials at Smith & Wesson Holding Corporation excessive compensation.

The investigation by a law firm focuses on whether certain directors and officers of Smith & Wesson Holding Corporation harmed the company by agreeing to pay certain of Smith & Wesson Holdings senior officers and executives excessive compensation.

Smith & Wesson Holding Corporation reported that its Total Revenue rose from $342.23 million for the 12 months period that ended on April 30, 2011 to $412.00 million for the 12 months period that ended on April 30, 2012 and that its Net Loss of $82.77 million for the 12 months period that ended on April 30, 2011 turned into a Net Income of $16.11 million for the 12 months period that ended on April 30, 2012.

Shares of Smith & Wesson Holding Corporation (NASDAQ:SWHC) grew from as low as $2.52 per share in September 2011 to as high as $11.015 per share in September 2012.

The compensation of certain top officials at Smith & Wesson Holding Corporation increased significantly between 2011 and 2012. For instance the President and CEOs compensation rose from over $493,000 in 2011 to over $2.89 million in 2012 and the Executive VP, CFO and Treasurers pay increased from over $640,000 in 2011 to over $1.18 million in 2012.

On Jan. 31, 2013, NASDAQ:SWHC shares closed at $8.60 per share.