---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-030771"
form_type: "8-K"
ticker: "POWW"
cik: "0001015383"
company_name: "Outdoor Holding Co"
filed_at: "2022-11-07T23:59:59+00:00"
generated_at: "2026-06-22T04:57:09.590537+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# AMMO settles with Urvan Group; adds two directors, suspends business split, forms CEO succession committee

## Summary
- Board expands to nine with appointment of Christos Tsentas and Wayne Walker; both will stand for election at Dec 15 annual meeting.
- Urvan Group withdrew seven director nominees, agreed to vote shares for Board's slate; standstill limits ownership to 18.5%.
- CEO Succession Committee formed with Urvan, one new director, and two non-Urvan directors; will engage search firm.
- Company suspends planned separation of ammunition and marketplace businesses into two public companies due to market conditions.
- Internal investigation into Urvan and Lokey ended; Urvan remains on Board; both to resign employment after Dec 31, 2022.

## SEC filing metadata
- accession: 0001493152-22-030771
- form_type: 8-K
- ticker: POWW
- cik: 0001015383
- company_name: Outdoor Holding Co
- filed_at: 2022-11-07T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1015383/000149315222030771/0001493152-22-030771-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1015383/000149315222030771/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-030771
- JSON: https://secwatch.observer/filing/0001493152-22-030771.json
- Plain text: https://secwatch.observer/filing/0001493152-22-030771.txt

## Key facts
- Executive change
  Wayne Walker was appointed as Director at Outdoor Holding Co.
  - Action: appointed
  - Role: Director
  source text: Effective November 3, 2022, Christos Tsentas and Wayne Walker have been appointed as members of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1015383/000149315222030771/0001493152-22-030771-index.htm
- Executive change
  Christos Tsentas was appointed as Director at Outdoor Holding Co.
  - Action: appointed
  - Role: Director
  source text: Effective November 3, 2022, Christos Tsentas and Wayne Walker have been appointed as members of the Board.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1015383/000149315222030771/0001493152-22-030771-index.htm
- Material Agreements
  Outdoor Holding Co entered into Settlement Agreement with Steven F. Urvan and Susan T. Lokey (effective 2022-11-03).
  - Action: entry
  - Agreement: settlement
  - Counterparty: Steven F. Urvan and Susan T. Lokey
  - Effective: 2022-11-03
  source text: On November 3, 2022, AMMO, Inc. (the “ Company ”) entered into a Settlement Agreement (the “ Settlement Agreement ”) with Steven F. Urvan and Susan T. Lokey
  evidence_url: https://www.sec.gov/Archives/edgar/data/1015383/000149315222030771/0001493152-22-030771-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.