True, but besides the point.
Federal Law has always denied convicted felons the right to own firearms, or to have a dealers or manufacturers license or to be an officer in any corp that holds one.
Otherwise convicted felons could use a FFL or Manufacturers License (actually a Tax Stamp) to sidestep the prohibition on Felons owning firearms.
He should have aplied for a pardon if he wanted to enter this business.
If he has enough stroke to become an officer or board member of S&W, he has enough stroke to get one.
So9
So9
That'll teach him.