---
schema_version: "secwatch.filing_event.v1"
accession: "0001641172-25-012690"
form_type: "8-K"
ticker: "POWW"
cik: "0001015383"
company_name: "Outdoor Holding Co"
filed_at: "2025-05-28T23:59:59+00:00"
generated_at: "2026-05-20T07:23:40.452639+00:00"
event_type: "leadership"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Outdoor Holding settles litigation, appoints founder Steve Urvan as CEO/Chairman; issues $51M notes, 7M share warrant

## Summary
- Steve Urvan becomes CEO and Chairman effective May 30; founder Jared Smith resigns with $625K severance and full equity vesting.
- Settlement includes $12M note at 6.5% (12-yr term) and $39M note at AFR (10-yr); Urvan gets warrant for 7M shares at $1.81.
- Company may prepay $39M note within 1 year with additional warrant for 13M shares at $1.00, subject to stockholder approval.
- Litigation related to GunBroker.com acquisition dismissed with prejudice; parties release claims and agree to standstill provisions.
- Company regains Nasdaq compliance after filing delayed Q1 and Q2 fiscal 2025 reports.

## SEC filing metadata
- accession: 0001641172-25-012690
- form_type: 8-K
- ticker: POWW
- cik: 0001015383
- company_name: Outdoor Holding Co
- filed_at: 2025-05-28T23:59:59+00:00
- event_type: leadership
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 1.01, 5.02, 2.03, 3.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1015383/000164117225012690/0001641172-25-012690-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1015383/000164117225012690/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001641172-25-012690
- JSON: https://secwatch.observer/filing/0001641172-25-012690.json
- Plain text: https://secwatch.observer/filing/0001641172-25-012690.txt

## Key facts
- Debt Financings
  Outdoor Holding Co incurred loan of $12.0 million with Steven F. Urvan at 6.50% per annum maturing 12th anniversary of the Effective Date.
  - Instrument: loan
  - Principal: $12.0 million
  - Counterparty: Steven F. Urvan
  - Rate: 6.50% per annum
  - Maturity: 12th anniversary of the Effective Date
  - Event: incurrence
  source text: the Company agreed to issue to Urvan, or his affiliated designee, an unsecured promissory note in a principal amount of $12.0 million (“ Note 1 ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1015383/000164117225012690/0001641172-25-012690-index.htm
- Executive change
  Steve Urvan was appointed as Chief Executive Officer at Outdoor Holding Co.
  - Action: appointed
  - Role: Chief Executive Officer
  source text: New Chief Executive Officer Biographical Information and Arrangements The Settlement Agreement provides that the Board will direct its Compensation Committee to develop a compensation plan for Urvan that contemplates a base salary of $1.00 for the first year of his employment as Chief Executive Officer.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1015383/000164117225012690/0001641172-25-012690-index.htm
- Executive change
  Jared Smith resigned as Chief Executive Officer at Outdoor Holding Co.
  - Action: resigned
  - Role: Chief Executive Officer
  source text: The information set forth in Item 1.01 regarding the resignation of Mr. Smith and the appointment of Urvan is incorporated by reference into this Item 5.02.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1015383/000164117225012690/0001641172-25-012690-index.htm

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